TYPES OF BETS EXPLAINED
For those of you who want to learn more about the different types of sports betting, you've come to the right place. We have developed this blog with the aim of helping sports bettors of all levels to gather all the knowledge they need on the subject. Once you have read our detailed guide to the different forms of betting, you will have a good understanding of your betting options and how they work.
🔷Win bets and Moneyline bets
Win and Moneyline bets are changeable. Although said differently, both mean the same thing. However, depending on where you live, it may be called upon each other. No matter what you call it, this type of bet is the simplest of all. With this type of bet you simply select who you think will win the match or game you are betting on.
Here's an example for you: If you're betting on an upcoming NFL game between the Raiders and the Jaguars, you need to determine which team you think will win. If you think the jaguars will come out on top, place a winning bet on jaguars. If Jaguars wins the game, you too win your bet! It's that simple!
🔷Totals and over / under bets
This type of bet also has two interchangeable names. Totals are another very simple bet that can be useful for beginners along with winning bets. In a total bet, the bookmaker will issue a specific total associated with a sporting event. In many cases, this total is related to the number of points scored in the game. When placing this type of bet, you have to decide whether you think the total will be higher or lower than the number set by the bookmaker.
Let's take an example. Going back to the same Raiders versus Jaguars game, a sports booker can put a totals line at 180 points. If you think both teams combined will score more than 180 points in the game, bet on Over. Conversely, if you feel the teams have lower totals, you will bet on the under. If you guess correctly, you win your total bet.
🔷Point Spread and handicap bets
Another type of bet you can place on many sporting events is a points spread bet. This type of bet is called a handicap bet. The basic idea behind these two types of bets is the same. It all starts with a sports bookmaker determining which team they think is preferred to win the game. Once they have done this, they assign a total score by which they think the team will win the game. It is up to you to decide whether you think the bookmaker's choice is over or understated.
Here's an example to help you visualize it: In an upcoming game with the Raiders and the Jaguars, a bookmaker posted a 5-point spread in favor of Jaguars. Basically, this means that the bookmaker expects Jaguars to win by so many points. If you were to place a spread point bet on this game, you would have to choose whether you think the bookmaker is high or low.
If you think Jaguar will win the game by at least five points or more, bet on Jaguar. However, if you believe Raiders will win or lose the game by 4 points or less, bet on Raiders. To win this type of bet you must correctly select one of the two options above.
🔷Futures and Outright bets
In the world of sports betting, futures betting and outright betting mean the same thing. With this type of sports betting you select the winner of a tournament, championship or general competition. In most cases, you make your choice long before the actual sporting event takes place. For this reason, the term "futures" is associated with these bets.
For example, you can bet on the winner of the NBA Finals before the actual start of the next season. Another example is when you bet on the winner of the Super Bowl before a single NFL game has been played for the current season. In both of these examples, you are placing a bet long before the actual event.
🔷Proposition bets and Specials
If you're looking for something a little different than a standard sports bet, consider placing a proposition bet. Also known as prop or special bets, these types of bets can be about anything.
For example, you can place prop bets on which team or player will score first in a match. Other prop bets include the time of the first goal in a football match or which team player will score the first run in a game. These examples barely scratch the various prop bets you can place. In fact, there are all kinds of different things you can bet on when using this type of bet.
🔷Parlays and Accumulators
When it comes to parlays and accumulators, things get a bit more complicated. For this reason, these types of sportsbooks should not be used by beginners. In these types of bets, you actually select a series of choices as part of a single bet.
For example, if you bet on horse racing, you can place a combination bet on the winner of six different races. To win this bet, your selections must be correct for all six races. If even one of your picks is wrong, you lose the bet and your stake.
🔷Teasers and Pleasers
These bet types are similar to parlays and accumulators in that you make multiple selections as part of your bet. However, there are key differences between them all.
With teasers, you select the series of bets you want to make. Then you can shift the point spreads in your favor to give yourself a better chance of winning the bet. This gives you a big advantage over a standard parlay style bet.
🔷If bets and reverse bets
Some of the hardest bets to understand are if and reverse. Essentially, these bets are where you make multiple selections. However, depending on your choices, the way things play out can change.
For example, with if bets, you start by choosing two or more bets that have a common goal. If your initial selection on this type of bet is incorrect, all subsequent bets will be void. For this reason, you have less risk with if bets, making them safer options than standard combination bets.
In reverse betting, you are essentially combining two if bets into one. For the first part of the bet, place an if bet on your first selection and then on your second selection. Then there is another if bet on your second selection, followed by your first. In short, reverse bets work both ways.
This type of sports betting is one of the most complicated to understand. With this type of bet, you will make multiple selections and place numerous bets across the combination of selections. This type of bet is another one that shouldn't be used by beginners due to the difficulty of these bets.
Hopefully, you have gained knowledge about the types of bets you came here for. If you've never visited our site before, we encourage you to look around and see all the other great sports betting resources we have. We have developed this website 11ic.com to help players of all skill levels take their betting to new heights. Thank you for visiting and good luck in all your future sports betting!