Types of Sports Betting

sports betting

There are several kinds of sports betting, including Over/Under, Futures, Money line, and Margin-of-victory bets. Most web-based bookmakers cover a wide variety of events. You can also find live streams of events on some of them. In addition, many of them offer a number of betting options, including props, parlays, and prop bets.

Over/Under bets

For sports bettors, Over/Under bets can be confusing. These bets can be placed on the number of first downs, turnovers, and other outcomes. Generally, over/under bets are applicable to any sports event with a score. However, these bets do not work well with racing games.

To win Over/Under bets, you have to do your homework. It’s a good idea to study individual players, teams, and environments. This way, you’ll be able to make more informed decisions. You also have to minimize emotion while using logic. You should consider the strengths and weaknesses of each team and the conditions of the game.

Futures bets

While futures bets in sports betting offer the potential to make a lot of money, they are not the best choice for every bettor. You should be aware of the risks involved and consider hedging them. By betting early on the team you like, you can lock in profits when the odds change in your favor.

Futures bets are wagers placed on an event that will happen in the future. Most often, these bets are placed on events that will happen months, years, or even decades from now. A futures bet on tonight’s game would not count as a futures bet, while a futures bet on the winner of next year’s Super Bowl would. Futures bets are also called proposition bets and prop bets. They are the sportsbooks’ way of making special bets on events in the future.

Money line bets

When betting on sports, money line bets are a good way to take advantage of implied market probabilities and bet on the underdog. The money line will show you the team’s estimated chance of winning the game. For example, the 49ers at -350 are a better bet than the Lions at 80%, so if the money line says the 49ers will win, you should bet on them.

Unlike the spread, money line bets have three possible outcomes. The three outcomes can include a tie or a victory. In soccer, for example, the money line is split three ways. In hockey, regulation bets are treated as three-way bets.

Margin-of-victory bets

Margin-of-victory bet types are available on a variety of sports. They’re usually available as a straight bet, meaning you can bet on the winner of a game, but there’s also the chance to place a bet on the margin between the winning team and the losing team.

To make this type of bet, you must know the key numbers for a certain game. These key numbers are usually determined by historical data and indicate how often a game will end with a particular margin of victory. Historically, the most common margins of victory are three, six, seven, and ten points.

Tie bets

Tie bets are a type of bet that does not result in a win or loss. They are more common than losing bets. They are also known as “pushes” and “mulligans.” The person who placed a tie bet will receive their stake back. However, a tie will not affect the odds of a parlay.

In the case of soccer games, ties can occur. Three-way betting is a popular option for soccer bettors. Unlike other types of sports, three-way odds are based on regulation time scores. However, they still require a bettor to predict the winner or the score at the end of regulation time.