team will win its division or buying a football "square" for the Super Bowl,
sports betting is commonly performed through a bookmaker or through various online
Internet outlets. The many types of bets include:
1.Straight Bets are wagers that are made against the spread. The spread, or line,
is a number assigned by the bookmakers which handicaps one team and favors another.
For example, in the NBA, when two teams play each other, one is perceived as being
more likely to win. To attempt to make wagering on the underdog desirable, the
bookmaker will give them points. Before game 5 of the 2012 NBA Finals, the Miami
Heat were expected to beat the Oklahoma City Thunder. The line read: Miami -3,
Oklahoma City +3. To determine who wins against the spread, the line is either
added or subtracted from a teams final score. In the above example, if the bettor
chose Miami, he would subtract 3 points from Miami's final score and compare that
to Oklahoma's final score. For him to win his bet, Miami would have to win the game
by 4 points or more. This is the most common type of bet in sports.
2.Proposition bets are wagers made on a very specific outcome of a match.
Examples include guessing the number of goals each team scores in a handball match,
betting whether a player will score in a football game, or wagering that a baseball
player on one team will accumulate more hits than another player on the opposing team.
3.Parlays involve multiple bets (usually up to 12) and will reward a successful
bettor with a large payout. For example, a bettor could include four different
wagers in a four-team parlay, whereby he is wagering that all four bets will win.
If any of the four bets fails to cover, the bettor loses the parlay, but if all four
bets win, the bettor receives a substantially higher payout (usually 10-1 in the case
of a four-teamer) than if he made the four wagers separately.
4.Progressive parlays. A progressive parlay involves multiple bets (usually up to 12)
and rewards successful bettors with a large payout, though not as large as normal parlays.
However in a progressive parlay, unlike a regular parlay, a reduced payout will
still be made even should some of the bets lose.
5.Teasers. A teaser allows the bettor to combine his bets on two or more
different games. The bettor can adjust the point spreads for the two games,
but must get all the games correct to win and recognizes a lower return in
comparison to parlays.
6.If bets. An if bet consists of at least two straight bets joined together
by an if clause which determines the wager process. If the player’s first selection
complies with the condition (clause), then the second selection will have action;
if the second selection complies with the condition, then the third selection will
have action and so on.
7.Run line, puck line or goal line bets. These are wagers offered as alternatives
to straight-up/moneyline prices in baseball, hockey or soccer, respectively.
These bets feature a fixed point spread that (usually) offers a higher payout
for the favorite and a lower payout for the underdog
(both in comparison to the moneyline).
8.Run line, puck line or goal line bets. These are wagers offered as alternatives
to straight-up/moneyline prices in baseball, hockey or soccer, respectively.
These bets feature a fixed point spread that (usually) offers a higher payout for
the favorite and a lower payout for the underdog (both in comparison to the moneyline).
9.Future wagers. While all sports wagers are by definition on future events,
bets listed as "futures" generally have a long-term horizon measured in weeks or
months; for example, a bet that a certain NFL team will win the Super Bowl for the
upcoming season. Such a bet must be made before the season starts in September,
and winning bets will not pay off until the conclusion of the Super Bowl in January
or February (although many of the losing bets will be clear well before then and can
be closed out by the book). Odds for such a bet generally are expressed in a ratio
of units paid to unit wagered. The team wagered upon might be 50-1 to win the Super
Bowl, which means that the bet will pay 50 times the amount wagered if the
team does so.
10.Head-to-Head. In these bets, bettor predicts competitors results against
each other and not on the overall result of the event. One example are Formula
One races, where you bet on two or three drivers and their placement among the others.
Sometimes you can also bet a “tie”, in which one or both drivers either have the
same time, drop out, or get disqualified.
11.Totalizators. In totalizators (sometimes called flexible-rate bets) the odds
are changing in real-time according to the share of total exchange each of the
possible outcomes have received taking into account the return rate of the bookmaker
offering the bet. For example: If the bookmakers return percentage is 90%, 90% of
the amount placed on the winning result will be given back to bettors and 10% goes
to the bookmaker. Naturally the more money bet on a certain result, the smaller the
odds on that outcome become. This is similar to parimutuel wagering in horse racing
and dog racing.
12.2nd half bets. A 2nd half (Second half) bet is also sometimes called a
halftime bet. This bet is placed only at halftime of a particular sporting event.
This bet can be placed on the spread(Line) or over/under. The resulting bet that
is placed is won or lost only on the points scored by both teams in the second half only.
13.2nd half bets. A 2nd half (Second half) bet is also sometimes called a
halftime bet. This bet is placed only at halftime of a particular sporting event.
This bet can be placed on the spread(Line) or over/under. The resulting bet that
is placed is won or lost only on the points scored by both teams in the second half only.
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