A Guide on the Different Types of Sports Bets
Sports betting is one of the most popular forms of gambling today, and we are here to orient you on the different types of sports bets. This article will help you understand the different types of sports bets so that you won't seem too silly to watch in your first sports betting experience.
Straight bets are the most basic form of bets. It is famous for sports such as soccer or basketball. The betting steps are straightforward – bookies set the point spread, which is the betting line, and you bet on the favorite team or the underdog. If the favored team wins the game, their total score must be over the betting line for you to cash-out.
If the underdog wins the game, the final score must be below the betting line so you can take out your cash. If there is a tie, you will get your bet out.
Total Line Bets
Total Line bets are the second most popular bet in sports betting. In this type of bet, the bookie sets up a line of the total number of both teams' scores, and you can bet on the score under the line or over it. In football and basketball, you can bet on both sides of the line, depending on the bookie.
Money Line Bets
Money Line bets are pretty much easy to understand. You only have to bet on either of the teams, the favorite or the underdog. However, in this bet, you would have to risk the wager you placed on the team's odds.
Parlay bets are different picks from different betters made into one single bet. The minimum bet could be two picks, and the maximum is 12 picks. The risk for this type of bet is high, but if your team wins, the cashout is also high. You have to make sure that all your bets would win since if one wager loses, you lose all your bets.
Teaser bets are a type of Parlay bet wherein you make multiple selections to turn into one wager, and all the choices should either be point-spreads or totals. However, teaser bets have a twin called a pleaser bet. With a teaser bet, both the point spreads, and the totals are in your favor. However, once you place with a pleaser bet, the point-spreads and the totals are all against you.
Head-to-Head bets are common in car racing bets and golf. In these events, the betting is on the results between the two competitors. Whoever finishes the race or the golf tournament wins. Frequently, bookies put money lines to the competitors to handicap the game. The risks in this type of betting are high since there are many competitors, and it's hard to pick the one that you think would win.