Types of Sports Betting

sports betting

There are several different types of bets available to sports fans. Parlays are one such bet. These involve three games in a round robin format, with each team playing in two separate parlays. Another type of parlay is the three-team round robin, which consists of three 2-team parlays. Point spreads, also called “spreads,” are the most popular type of sports bet. They represent the margin of points needed by the favored team to “cover the spread” or win by more than a certain number of points. Point spreads are usually offered at odds of 11 to 10, meaning a $11 bet to win $10 would result in a $21 payout.

Parlay betting

For those looking to place multiple wagers in a single game, parlay betting is a great way to spread out your bets over a number of different sports on the same ticket. Unlike straight bets, parlays let you bet on multiple games in the same day, and this can lead to big profits. But it’s important to understand how parlays work before deciding which one to place on your parlay ticket.

Over/Under betting

Over/Under sports betting is one of the most popular types of bets. It is relatively simple to understand, but requires a lot of research. You can use historical data to handicap totals. You can also study recent meetings between the teams to get clues as to how they will perform in a particular matchup. For each team, it is helpful to look at its recent performance and season-to-date records.

Tie bets

Tie bets in sports betting are wagers that have no winner or loser. A tie is when the game ends in a draw. If a tie bet loses, the bettor receives a refund. There are many types of tie bets. Among these are “tie/draw,” “under/over,” and “double result.”

Nap bets

A popular type of bet is a nap. The pundit who recommends a horse or greyhound as the “nap of the day” is likely to have a more accurate and reliable prediction than a regular punter. The tipster may also have a better opinion of the Over/Under 2.5 Goals market. Whether a horse or greyhound is the perfect nap depends on the tipster’s confidence in the selection.

Over/Under parlays

Over/Under parlays in sports betting are a great way to combine two or more games with correlated outcomes. Usually, sportsbooks will not book parlays that increase the odds of one team winning. However, this policy has recently changed, so you should be able to place parlays with correlated outcomes. If you want to learn how to make over/under parlays work in your sports betting, continue reading.