One of the most amazing things about sports betting is that it allows you to place a number of types of bets. It is what makes this niche so appealing to customers along with the profit they can make. Nowadays, you can make predictions not only on the outcome of a game, but also on other stuff, such as who will score a goal first or the exact timeframe of a goal. In this section, you will read about what kinds of selections are available with different wagers. Continue reading this post and get different types of bets explained in an easy-to-understand way. In the end, you will be armed with knowledge about which of the suggestions is recommended for a novice.
Handicap and Point Spread Betting
Generally speaking, Handicap and Point spread types of bets are very similar. They only have a few small differences. The former is popular in Europe and the United Kingdom in particular, whereas the latter is used mostly for football in the United States. Basically, the sportsbooks adjust the amount of goals or points scored in a game theoretically. If one of the teams is given points, the other one gets his points deducted. This is how it works. For example, if team A receives two theoretical points by the sportsbook, then team B will be deducted two points. Hence, if you bet on team A, it will be successful if the team loses by less than two points or wins the game. Respectively, if you wager on team B, your bet will win if the team wins by more than two points.
Over/Under Bets and Totals Bets
As a matter of fact, these types of bets mean the same thing. It only depends on in which hemisphere you are. Most European countries and the United Kingdom in particular use the term over/under bets, whereas the Americas and a few other countries go with the term totals. With it, the sportsbook sets a number of goals or points that will theoretically be scored by the teams during a game. The main goal of the bettors is to guess whether the actual points or goals scored will be lower or higher than that number. For instance, let us assume a sportsbook sets the goals in a soccer match to be five, your job is to predict whether the actual number will be less than five or greater than five.
Moneyline Bets and Win Bets
Again, these are terms that mean one and the same thing; only they are used in different parts of the world. For example, Win bets are used in most places around the world, especially in Europe, whereas moneyline bets are mostly popular in the United States and the adjacent regions which stick with the so-called moneyline odds format. You need to know that these are the most easy-to-understand types of bets which are very popular among punters. Hence, they are perfect for beginners because there is nothing confusing about them. Besides, you can use them on the majority of sports; there are no restrictions. If you make a win/moneyline bet, it means you are trying to predict who is going to win an event, game or match. It is simple and straightforward as that: if you think that team A is going to win the game, select that team and make a win bet. That is it.
Special and Proposition Bets
Proposition bets are the most versatile bets in gambling. They can be placed on a number of outcomes. They do not necessarily propose which team is going to win a particular game. On the contrary, they are most focused on other things. Specials is just another name for the same term.
An example of a proposition bet is when you try to predict which one of the two teams will score during a game or who will be the first goal scorer or at what time the first goal will be achieved. It could also be the amount of strikes a basketball pitcher has.
Accumulators and Parlays
These betting terms are about fairly straightforward bets; however, they are a little more advanced than the rest. With them, you can make multiple selections in a single wager. For instance, you can choose who is going to win six different tennis games. You can imagine how big the payouts are, considering that it is tough to guess correctly all of the outcomes at the same time.
Outright Bets and Futures
Continuing to have different types of bets explained, here we will talk about outrights and futures. These two names refer to the same thing. This type of bets is made on the person whom you think will be the winner of a competition. For example, you can wager on the winner of Wimbledon at the beginning of the competition.
Teasers and Pleasers
These are different types of gambling that you had better steer clear of if you are a beginner. They require more experience. Basically, they are parlays but they have a twist. They are available for basketball and football by most US-oriented sportsbooks.
When it comes to pleasers, you can make multiple selections, and you are allowed to move around the point spreads. However, you can only move them out of your favour. Teasers are just the opposite. You can make multiple selections, but you get the chance to move the point spreads in your favour. Teasers usually have greater payouts as they are difficult to win.
Without a doubt, one of the most confusing types of bets is permutation betting, which covers multiple wagers and multiple selections. Hence, there are a number of combinations to choose from. They are good for advanced punters who know what they are doing and are best to avoid if you are a beginner. Let’s say you make three selections called 1, 2, and 3. Such a bet would allow you to make one treble on 1, 2, and 3, three doubles on 1, 2, 3 each, and three singles on each of the selections 1, 2, and 3. We bet it sounds confusing. In time, you will start to understand the idea of this wager. It is best done with practice.
Reverse Bets and If Types of Bets
Speaking of confusing and complicated different types of gambling, let us talk about the last addition on this page. When you join two or more bets on a qualifying clause, you get an if bet. It is a better alternative of a parlay in terms of safety since it involves less risk. The main idea of this type of bet is that you make wager after wager but only if the previous wagers won. For instance, let us say you have two selections on your bet. You can make a second wager, i.e. bet on the second selection only providing that the first selection was successful.
As far as reverse bets are concerned, they are doubled-up if bets with a slight reversion. We realise this does not make things clear, so let us clarify them. The first thing to do is to bet on the first selection, and if it is successful, you can follow up with the second selection. So far, it looks like a regular if bet. However, there is more. Second, you have to make another wager, but this time it has to be on the second selection and then if it is successful, you can follow up with a bet on the first selection.
Both if and reverse bets are difficult to understand and especially confusing to people who are just beginning to learn the ropes of sports betting. It is best to avoid them until you have significant knowledge and practice on the different types of gambling.
At the end of the day, there is no way to make successful bets if you are not aware of the different types available. Make sure you understand these wagers before you make any of them. We do advise that you start with the simpler bets that bear little risk and gradually move on to the more complex ones as you become more confident about gambling. You will see for yourself that the complicated wagers are difficult to handle, so you will give up eventually. We just want to spare you the time and money. We do not want you to learn it the hard way. Do not forget to check out the next sections of our guide for more stuff about sports betting.