Types of Sports Betting

sports betting

When placing your bets, you can use a variety of different types of wagers. These include money line bets, spread bets, futures bets, and total (Over/Under) bets. These types of wagers are relatively simple to place, but can be challenging to win.

Spread betting

Spread betting is a way to place bets on sports. The payouts are based on how accurate your prediction is. This form of wagering differs from parimutuel betting and fixed-odds betting.

Money line betting

Money line betting is one of the most popular betting types in sports. It is very simple to understand, and involves betting on the winner of a game or event. Money line betting is different than other types of wagers, because the odds are set based on expected performance. This means that your winnings can vary greatly, depending on the event. For example, in football, you could place a bet on the Buffalo Bills (+650) to win the game. In contrast, if you bet on the Dolphins (+450), you would receive a payout of $4.50 for each dollar you wagered.

Total (Over/Under) bets

Total (Over/Under) sports bebets are a popular type of bet. They are bets on various statistics, usually the points scored in a game. The odds are listed in a third column of the betting slip and if the total points scored in a game is more or less than the sportsbook’s prediction, you win.

Futures bets

While most sports bettors prefer to wager on the outcome of a single game, futures bets provide a more flexible betting opportunity. Instead of focusing on a single game, futures bets are based on the overall performance of a team over the course of the season. A successful futures bet can bring in a significant payout.

Futures wagers on future events

Futures wagers on sports events are an excellent way to lock in a large win without risking your entire bankroll. This type of bet can be made months or even years in advance and may offer more opportunities than wagering on individual games. You can find a wide range of futures markets, including the division winner, conference champion, and champion of a certain event.

Over/Under bets

Over/Under bets in sports are a fun way to bet on a game without betting on the actual score. This is perfect for sports with scores, such as basketball, football, baseball, and tennis. Moreover, the over/under wagers offer a good way to get value out of a favorite team or individual player.

Futures bets on future events

Futures bets on sports events are a fun way to place wagers on a variety of sporting events. They give you the chance to bet on teams that you might not have otherwise considered. Many sports betting futures offer odds ranging from modest to astronomical. For example, the favorite to win the Super Bowl is typically +3500. However, you can get more modest odds by betting on other variables, such as finishing position or head-to-head matchups. The odds for these wagers are locked in at the current price, so they can’t move until the start of the event.