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Sports betting offers excitement with every pitch and agony with every turnover. But for a novice gambler, understanding several of the terminology can be a barrier to getting in the game. Really, sports betting is easy, and with just a little basic explanation a lot of the lexicon is easily understood. There are actually basically four types of bets: sides, totals, futures, and props. We’re going to explain all of these and also a little more.
Side wagers are probably the most typical sports bet. Side wagers, also referred to as straight wagers, are bets where you pick a team to win. Side wagers have two variables – the pointspread as well as the moneyline. The pointspread will be the range of points either added to the underdog score or subtracted from the favorite to ascertain whether or not the bet wins or not. The moneyline describes how much 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 give a runline, where the pointspread is 1.5 runs, meaning the favorite has to win by two, not only a single run. Soccer and hockey are also highly reliant on the moneyline.
fantastic online football gambling agent and basketball use the pointspread to great extent. Unlike baseball, the moneyline is often 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 is just 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. Then again, if you bet under, you are betting fewer points are scored than the total.
Futures – Sides and totals are readily available for most conventional professional sports pitting Team A against Team B. But how does that work with golf tournaments or nascar races? Tennis matches may 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 linked to it to look for the payout – the longer the underdog the better the return. If you’re able to correctly pick a longshot — and win — even a small bet can pay off often times over.
Betting futures does have disadvantages. Foremost, betting a future which takes a long time to resolve causes the stake (the total amount you wagered) to be unavailable for many months. Furthermore, futures tend to either be longshots that pay out infrequently or favorites which have very little reward tempting you to place a sizable wager. All of us like to have wishful thinking betting on your favorite team or players.
Props – For major sports events prop wagers will often be available. Prop wagers are anything that doesn’t fit into the categories above. Consider props completely fun bets – the odds are usually awful and rarely any skill goes in to the bet. The Superbowl on a yearly basis has hundreds of potential prop bets starting from the coin flip, to regardless of whether the game ends in overtime. Inbetween you bet on the teams and individual players. For example, the number of interceptions for the quarterback or perhaps the number of rushing yards for the running back.
Live Betting – Some advanced sportsbooks are now offering live in-game betting. They are really prop bets, but considering that the bets have an incredibly short duration (e.g. will a first down be the result of the next play) they need their own category.
That should be all you’ll need to know for bet types as it covers all of the typical bets made in a sportsbook!
