The Different Types of Sports Bets

The Different Types of Sports Bets
3 min read
24 April 2023

Sports bets at come in many forms. Being familiar with the different options can help you make more informed decisions when placing wagers.

One of the most prevalent bets in sports betting is money line betting. This involves selecting a team to win straight up without any point spreads.

Moneyline bets

Moneyline bets are one of the simplest types of sports wagers. They're suitable for both novice and expert bettors alike.

On the money line, oddsmakers calculate an implied probability that a team will win a game. Typically, there will be both favorites and underdogs listed.

Although the implied probability is important, experienced bettors don't decide solely based on potential returns. They also take into account cost and bankroll management for long-term success.

Moneyline betting typically costs around -110 to -120 per side, making it a great option for placing bets on popular favorites when they are undervalued.

Spread bets

Spread bets are one of the most popular sports wagers. They're particularly common in football and basketball, but can also be found across other sports.

Spread betting involves setting a number between the favorite and underdog, known as the "spread." This number is known as the favorite/underdog ratio and it serves as the basis of spread betting.

The point spread is calculated based on team performance, statistics and home-field advantage. It's usually adjusted before the game begins to account for betting action.

A favorite team must win by more than the amount specified for a bet to be profitable. Conversely, an underdog team must lose by less than that amount for the wager to profit.

Spread bets offer an opportunity to make extra money but come with risks. Therefore, it's essential that you understand risk management and spread betting strategies before placing your bet on a match or game.

Total line bets

Total line bets, also referred to as over/under bets, are wagers that predict whether a game's total score will add up to more or less than the number listed by the sportsbook. These types of bets come in many different forms such as prop bets and money lines.

When betting on sports like basketball, it's essential to understand that the combined score of both teams determines totals. Therefore, you should place your bets on which team will score more goals, points or runs than the total set by the sportsbook.

Totals can fluctuate drastically during a live game, especially when injuries or weather conditions arise. These changes immensely affect the final score, so it's essential to know how they affect your bets.

Parlay bets

Parlay bets are a popular type of sports betting due to their larger payouts than other bets. Unfortunately, parlay bets also present more challenges than other bets when trying to win them.

To create a parlay bet, you must select several games or events and multiply their odds together to calculate the odds for the entire parlay.

A three-team parlay would pay out $596 for a $100 wager, but if one team fails to cover the point spread, the parlay loses.

Another strategy is to hedge the parlay. This involves placing additional wagers on each leg before they cash, guaranteeing a payout as each leg finishes.


In case you have found a mistake in the text, please send a message to the author by selecting the mistake and pressing Ctrl-Enter.
Alex Alex 2
Joined: 1 year ago
Comments (0)

    No comments yet

You must be logged in to comment.

Sign In / Sign Up