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Sports betting offers excitement with every pitch and agony with every turnover. But for a novice gambler, understanding some of the terminology may be a barrier to getting in the game. Really, sports betting is easy, and with a little basic explanation a lot of the lexicon is quickly understood. You will discover basically four types of bets: sides, totals, futures, and props. We’re going to explain all of these and a bit more.
Side wagers are perhaps the most frequent sports bet. Side wagers, otherwise known as straight wagers, are bets where you pick a team to win. Side wagers have two variables – the pointspread and also the moneyline. The pointspread is the number of points either added to the underdog score or subtracted from the favorite to find out whether or not the bet wins or not. The moneyline describes the amount a winning bet pays the victor.
Sports like baseball are played almost exclusively on the moneyline. Basically, the pointspread is assumed to be zero. Many sportsbooks provide a runline, where the pointspread is 1.5 runs, meaning the favorite has to win by two, not just a single run. Soccer and hockey are also highly reliant on the moneyline.
football betting and basketball use the pointspread to great extent. Unlike baseball, the moneyline is usually fixed or only changes just a little.
Total Wagers – Other than betting on a team to win or cover the spread, you may bet on the total number of points/runs/scores in a sporting event. The sportsbook sets a totals which will be a number which they feel will generate bets over and under the total. If you bet over, you are betting that the sum of the competitors scores will be higher than the total. Conversely, if you bet under, you are betting fewer points are scored than the total.
Futures – Sides and totals are readily available for most conventional sports pitting Team A against Team B. But how does that work for golf tournaments or nascar races? Tennis matches can be bet with sides, but how about predicting a tournament champion? Or betting on the eventual super Bowl champion? Bets with more than 2 competitors are bet by futures. Each option has a moneyline affiliated with it to determine the payout – the longer the underdog the better the return. In the event you can correctly pick a longshot — and win — even a small bet can pay off often times over.
Betting futures does have disadvantages. For starters, betting a future which takes a long time to resolve causes the stake (the amount you wagered) to be unavailable for many months. On top of that, futures have a tendency to either be longshots that pay out infrequently or favorites that have very little reward tempting you to place a large wager. Most of us like to have wishful thinking betting on your favorite team or players.
Props – For major sporting events prop wagers are often available. Prop wagers are anything that will not fit into the categories above. Consider props completely fun bets – the odds are generally awful and rarely any skill goes in to the bet. The Superbowl each year has hundreds of potential prop bets starting from the coin flip, to whether the game ends in overtime. Inbetween you bet on the teams and individual players. By way of example, the number of interceptions for the quarterback or perhaps the range of rushing yards for the running back.
Live Betting – Some advanced sportsbooks are now offering live in-game betting. These are really prop bets, but since the bets have an extremely short duration (e.g. will a first down be the result of the next play) they need their very own category.
That should be all you may need to learn for bet types as it covers all the typical bets made in a sportsbook!
