Are There Different Types Of Online Sports Betting?
Experience Level: Beginner: –
If you’ve decided that you want to join in on the fun that online sports betting can provide, you’ve probably got some questions about how this exciting activity works. Even if you’re only interested in some very casual betting to spice up the experience of watching a game or match on TV, learning the basics can enhance your fun and maximize your odds of winning.One of the most common questions newcomers have wanted to know if there are different types of sports betting. Since the answer to this question is yes, let’s look at the various types of bets you can place online:
• Straight Bet:
As its name implies, this is the most common and straight forward type of boat. A straight bet is when one team is favored to come out as the winner. The difference between the two is known as the point spread. The purpose of the spread is to level the expected difference between the two. Beating the spread means that you win the bet you placed. Additionally, what many new gamblers are pleasantly surprised to learn is if you tie the spread, you don’t lose. Instead, your original bet will be refunded to you.
• Money Line Bet:
This form of betting doesn’t create a level experience between the
two teams. Instead, it requires you to pony up more in order to win with a bet placed on the favorite. For example, one team may be -120 and the other +150. The negative is the favorite, while the other number belongs to the underdog. If you bet on the former, you’ll have to put down $120 to win $100. But with the latter, if the underdog prevails, a bet of $100 results in you winning $150.
• O/U Bet:
The O/U stands for over/under. Instead of betting on a specific team, this form of betting allows you to bet on the game or match’s final score. Once the predicted score is set, you can place your bet based on whether you think it’s going to end up higher or lower.
• Parlay Bet:
This type of boat can make things really interesting. The reason is it actually involves multiple bets. For example, you can combine an O/U and straight bet. The appeal of a parlay bet is it increases the potential payout. With the example of combining two bets, the payout goes up to 2.5/1. The more bits that are combined, the higher the reward. Six pays 40/1, while a massive ten picks pays 350/1. The reason the ratio goes so high is it just takes one miss to lose the entire bet. Although it may be a bit much to handle at first, once you get a feel for the ins and outs of sports betting, you may find that this type of betting provides an absolutely thrilling experience.
Now that you know the different types of bets that are available, you can enjoy the thrill of placing an online wager the next time you decide to watch a match!
Dave England has over 15 years experience in the sports betting industry, and is an expert advisor for sports and casino review site Onlinegaming4u. You can connect with Dave personally on GooglePlus.