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Types of Sports Betting

types of sports betting

You’ve arrived at the correct location if you want to learn about the various types of sports bets. We created this page to assist sports gamblers of all levels in gathering all the required information on the subject. When you’ve finished reading our comprehensive guide on the various Types of Sports Betting, you’ll have a good grasp of your gambling options and how they all work.

Our first step on this page will be to explain all the most common types of betting in sports bets. Following that, we’ve accumulated an additional sports gambling resources section chock-full of other high-quality guides you can use to broaden your knowledge on a variety of topics. Finally, we’ll wrap things up with a frequently asked questions portion to help you find answers to any unanswered questions.

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Types of Common Sports Bets

In this section, we’ll provide you with an in-depth overview of the most common types of sports bets. We’ve included a link to a specific page with even more details about each different types of sports bets alongside each explanation. You’ll be able to learn about the topics that interest you the most by visiting these pages.

If you want to learn about a specific type of betting, use the jump links below to go directly to that section. If your goal is to learn about all types of sports bets, be mindful of reading through each betting options section below so that you can absorb as much as possible.

Moneyline and Win Bets

The terms “win” and “moneyline” are interchangeable. They both convey the same meaning even though they are said differently. However, based on where you reside, it could be called something different. It is commonly referred to as a moneyline wager in the United States. The same type of wager is known as a win bet in the world at large.

Whatever you call it, this is the most fundamental type of wager. You will choose who you think will prevail in the competition or match you are betting on.

Here’s an example: if you’re betting on an upcoming NBA game between Chicago Bulls and the Miami Heat, you’ll need to decide which team you believe will win. If you believe Miami will win, you will make a wager on Miami to win. If Miami wins the game, you’ll also win your bet! It’s that easy!

If you want to learn about moneyline and win bets, we’ve included a link to our site devoted to this type of wager below. Follow the link underneath to view our complete coverage of this bet type.

Bets on Totals and Over/Unders

Two interchangeable names also know this type of wager. In the United States, this bet type is commonly referred to as a total, whereas the rest of the world refers to it as an over/under bet. But, again, whatever the title, they both pertain to the identical type of sports wager.

Totals are yet another simple wager that beginners can use in tandem with win bets. When you place a totals bet, the sportsbook will initiate a specified total affiliated with a sporting event. This total is frequently related to the game’s total points. When putting this type of bet, you must decide whether you believe the total will be higher or lower than the set of numbers by the sportsbook.

Betting on the Point Spread and Handicap

A point spread wager would be another type of bet that can be placed on many sporting events. In the United States, this type of bet is very common. A similar type of bet is also popular in Europe as whole and other parts of the world. This type of bet is known as handicap betting in these locations.

The basic concept behind each of these bet types is the same. It all begins with a sportsbook deciding which team they believe will win the match. After that, they’ll assign a total point by which they believe their team will prevail in the game. It is then up to you to choose whether the sportsbook’s prediction is overstated or understated.

Outright and Futures Bets

Futures bets and outright bets have the same meaning in the world of sports betting. This type of sports bet involves picking the overall winner of a game, competition, or league. Throughout most cases, you make your selection well in the lead-up to the sporting event. It is why the term “futures” is affiliated with these bets.

Bets on Propositions and Specials

If you wish to try something different than that of a standard sports bet, consider putting in a proposition bet. These bets also recognized as prop bets or specials, can be placed on almost anything.

Prop bets, for example, can be placed upon what team or player will score first in a match. Other prop bets include time for the initial goal in a soccer game and which team player will score the first run. These examples barely touch the surface of the various prop bets available. In reality, you can bet on a wide range of different things with this type of wager.

Accumulators and Parlays

Things get more complicated as they pertain to parlays and accumulators. As a result, novices should refrain from using these types of sports betting wagers. Instead, you will select a sequence of picks as the portion of one wager with any of these bets.

These bets are extremely risky due to the string of picks affiliated with parlays and accumulators. As a result, you can earn large payouts, yet you will be less likely to get them right. As a result, we recommend that you only place small wagers using these kinds of bet types.

Pleasers and TeasersĀ 

Taking the concept of accumulators to new heights leads to teasers and pleasers. These bets, like parlays and accumulators, require you to make multiple choices as part of your wager. There are, however, some significant differences among them all.

Teasers allow you to select the sequence of bets you want to place. Next, you can adjust the point spreads in your best interest to increase your chances of winning the wager. It gives you a significant advantage over a standard parlay bet.

You might also put a pleaser bet, making winning more challenging. With this type of bet, you will actually cause point spreads to fall out of favor. You’ll be at a disadvantage when contrasted with an ordinary parlay bet. However, the prospective payouts are higher if you win the wager because it is a more difficult wager.

Reverse Bets and If Bets

If and reverse bets are two of the most challenging wagers to comprehend. At their core, these wagers require you to make multiple choices. However, how stuff plays out depends on your choices.

For instance, with if bets, you’ll begin by selecting two or more bets that are connected to a shared cause. All successive wagers are null and void if your first pick is incorrect. As a result, you have less risk with if bets, making them safer alternatives than standard parlay bets.

You’re trying to combine two bets into a single one with reverse bets. For the first part of the wager, you’ll place an if bet on your first and second choices. Then, another wager will take place if you bet for your second selection, followed by your first. In short, reverse bets are effective in both directions.

Betting on Permutations

Permutation betting completes our elaboration of common bet types. However, it ranks among the most challenging sports betting types. With this wager type, you will create multiple selections and place multiple wagers based on the selections. Because of the difficulty of these wagers, this bet type is not recommended for use by beginners.

To learn more about permutation betting, click the link below. It will carry you to our specific page dedicated solely to this type of bet. Sample permutation bets and a more bets explained with detailed explanation of how they work can be found here. After viewing a few samples from this page, you should clearly grasp these complex wagers.

Final Word

Hopefully, you’ve learned about the different types of bets that you came here to learn about. On the other hand, suppose you’ve never been to our site before. In that case, we encourage you to look around to discover every one of the other great resources we have for sports betting. We created this website to assist gamblers of all skill levels in taking their betting to new heights. Thank you for visiting, and best of luck with your future sports bets!