Parent page: How Sports Betting Works
The popularity of sports has made sports betting popular. For those who want to get involved in sports betting, here are some of the types of bets you can place:
This is one of the basic and most placed sports bets. In this type of sports bet, there is a betting line which is also called a point spread, you have an option of betting on the favourite and lose the points or betting on the underdog and have the points. For you to win the bet, the underdog must have an outright win or fail by fewer than the point spread. You don’t win or lose in the event of a tie.
Total Line Bets
In this sports bet type, bookies set a number of the combined final score and you can bet Under or Over. When you bet on Under, it means that you win if the teams score fewer points or goals than the number of scores set by the bookie. Likewise, if you place your bet on Over, it means that you win if the teams score more points or go than the number set by the bookie.
Money Line Bets
Money line bets are outright bets where you place a bet on a team and you win the bet if it wins and you lose the bet if it loses.
This is the type of sports bet where you group together several picks into a single bet. The odds for your bet are adjusted based on the number of picks.
This bet is similar to a parlay bet only that you can adjust the point spreads to stand a higher chance of winning at the expense of a lower pay-out.
With this information, you can now make an informed decision when you are placing your sports bet.