Winning and losing are simple concepts for those new to sports betting. However, the numerous types of bets can be intimidating. Knowing all of the different types of bets not only increases your wagering options, but it also increases your chances of winning because you know which bet to make when. You can also check out sportsbet malaysia here.
Here are a few types of sportsbet:
- Moneyline
- Moneyline betting, also known as a straight bet, is the most basic of sports wagers: You’re betting on one team to win a game. The key is to understand the plus/minus format, which indicates how much you can win on the underdog with a $100 bet and how much you must wager on the favourite to win $100.
- Of course, you are not required to bet $100; that is simply the standard used to set the numbers. Money Lines are simple bets to place once you understand how to read betting odds, and they’re best used when a bettor believes an underdog will pull off an upset.
- Point Spread
- Point spread betting odds are a staple of sportsbooks, but they can be difficult for newcomers to grasp. They’re expressed in a plus or minus format, just like money lines, but instead of dollars, the numbers represent how many points one team is favoured to win by.
- Point spread bets can be exciting, especially in games where the score fluctuates. They can also keep you interested in a blowout because a 24-point underdog who loses 42-21 is still a winner in the eyes of the person who backed them.
- Over/Under
- This is a wager made on the combined score of the two teams competing in the game, also known as a totals bet. Bettors wager on whether the total set by the sportsbook will be higher or lower than that number.
- Futures
- A futures bet is simply a wager on something that will happen in the future. They are typically offered on season-long championships in major sports, major individual awards such as the Heisman Trophy, or prominent standalone events such as the Masters or the Daytona 500.
- Prop Bets
- Prop bets are entertaining wagers that do not always require actual knowledge of the game and do not rely on the game’s final outcome. In some cases, such as a prop bet on who will be the first player to score a touchdown in an NFL game, an informed bettor has an advantage. You might be able to find value if you understand a team’s tendencies.
- Parlays
- Parlays typically combine spread, money line, and over/under wagers. Amateur bettors adore them because of the allure of a massive potential payout. However, far too often, even for the best sports bettors, they prove extremely difficult to win, which is why smart bettors only use them as a minor part of their overall betting strategy.
- The round robin bet is a subset of parlay wagering that consists of two-team parlays with anywhere from three to ten teams involved. The larger the component parlays can be in a round robin with more bets. You construct parlays using the wagers. If one of your teams fails to hit, each parlay in which the team is involved is a loss. The payouts are lower than in a jumbo parlay, but there are more mini-parlays to win.