Types of sports betting | Bet Types Comprehensive Analysis

When considering different types of sports betting, beginners should focus on the easiest options. The ones that can be used in several sports should represent the priority. If you are new to online betting, these are the five basic options will find in any respectable sports betting guide:

Don’t get stuck on a handful of bets, when there are so many lucrative alternatives. You can find better-paying options for each sport, and even combine them on the same betting slip. Accumulators and the new Bet Builder options available at bookmakers can spice things up and increase payouts.

The props betting options are so many. Sometimes, each match has a peculiar props betting option. Other sports like NFL Football also have their unique props betting options. 

You can stake a bet on how many points a player will score or the number of fouls. Check the sports live betting website for some of these props options, it improves your chances of winning. So instead of staking for straight wins or handicaps, just go for props bets.

A Moneyline bet has to do with placing a bet on the team that will win the match. The difference between point’s bets and Moneyline is the outcome of the game. While the former has to do with who wins with a particular point, the latter is basically about who wins. Usually, Moneyline bets may be difficult to understand.

Let’s draw our illustration from a baseball match.

From the above, our interest here is in the money line column offered by the preferred mobile betting sites you use. The money line for Boston Red Sox is -165 while for J Happ is +140. The Red Sox are favoured to win this match (don’t forget the minus sign before the point means that the team is favoured to win the other team known as the underdog).
This simply means that you have to stake $165 in favour of the Boston Red Sox to win $100. On the other hand, you have to stake $140 in favour of J Happ to win $100. So if either of the bets goes as planned, you will receive a profit of $100 plus your $165 or $140 depending on the outcome of your bet.
This illustration applies to all other sports like Hockey (see our NHL betting system), basketball, NFL Football and so on.

A future bet just like the name implies means predicting the team that will win the season or competition. This type of wager is fun because all you have to do is sit back and wait till the end of the season or competition.

For instance, you can predict the winner of the Super Bowl. Assuming you bet in any currency that Seattle Seahawks will win the Super Bowl, it means that this team will have to qualify for the Playoffs and eventually win the Super Bowl. This requires a lot of patience on your part. Most often the profits are very high if the team you selected eventually wins.

An outright bet means the same thing as a future bet. Below are some of the benefits of this type of bet:
1. It’s fun and entertaining
2. It’s a single bet with one of the highest payout
3. No pressure to win

A parlay bet is also called accumulator. Several experiments with these forms of sports betting have shown that it is difficult to win. The main advantage is the ability to stake with a small amount and win huge sums.

A parlay consists of multiple individual bets that are combined. These bets consist of a point spread, total lines or moneylines. The only way to cash out your profit is to win all your bets. A typical example is when you have several teams playing a soccer game on the same day. You can select different events from each game and place a bet.

After you have chosen your teams and events, place your bet with any amount. The total accumulated odd will be multiplied by the amount you stake to get your expected profit. If you stake $100 and the total odds for all the games you selected is 10.5, then your expected winnings will be $1,050.

A simple way to win sports betting parlays is: don’t choose too many events. Just select two or three and stake some reasonable money. The more events you select, the higher your chances of losing. Also, from our illustration, if any of the events selected doesn’t succeed, you will lose your bet. In other words, all the events must succeed to cash out your profit.

This is completely different from the individual parlay/accumulator. With a progressive parlay, if some of the events succeed, the player or bettor will still earn some profits (similar to parlay insurance). For example, if you place a bet on 4 events, and two loses, you will still have something to smile about. However, the payout will be smaller compared to what you would have gotten if the entire event had succeeded.

From the table above, it is obvious that if the entire events succeed, the payout is very high. Meanwhile, just one loss could reduce your winning by 90 percent. For instance, if you select 10 teams with various events at a popular bookmaker or any other betting sites and if they succeed, you will receive $25,000. Then if you lose one event, your returns will reduce to $2500, 2 losses will be $300 and 3 losses will give you $100.

A progressive parlay is similar to a full cover bet. The major difference is the number of events that must succeed to get some returns.

This betting option is similar to multiple bets and accumulators. It is also called combination bets. It involves several selections but not all the selections need to successfully get some profit.

The risk in permutation betting is lower compared to parlay bet. You can win high payouts with very little stake. Even when you lose some part of your selection, you will still get some winnings.

The best way to illustrate the permutation bet is with two selections.

Simply stake a single bet in favour of Manchester City with 2.14 odds to win Liverpool and bet $10. Then also stake a single bet in favour of Bolton with 2.0 odds to win Hull City and bet $10. Then lastly, place the same bet and combine/accumulate the selections and stake $10. So if the first event succeed you will receive $21.4 (2.14 x 10), and the second succeeds too, you will receive $20 (2.0 x 10). Lastly, if the two selections you combined win, you will get $41.4 (2.14 + 2.0 =4.14 x 10). It means that your total profit will be $82.8 (41.4+21.4+20).

A teaser bet is similar to a parlay bet. These types of wagers imply that you have to select two or more events to succeed. Just like the parlay bet, all the events must succeed to cash out. The downside to this betting option is that the profit is very small. What attracts bettors to teaser bet is the fact that it appears easy to win.

The major difference between teaser and parlay is that the bettor can alter the points spread and over or under total between 4 and 10 points. This will depend on the sport. When you change the point spread, it makes the bet look very easy to win. They are three types of teaser bets:

A reverse bet comprises two “If” bets. An if bet consists of two or more selections. The difference between a parlay and a reverse bet is that with the latter all your selections have to succeed to win. Meanwhile, with a reverse bet, like with an up and down bet, you get some profits if one selection succeeds.

For example, a bet on team A and B to win their matches will succeed if one of your selection succeeds. Read here more about what is an action reverse bet and a win reverse bet.

It is also called a two-way betting system udes in football betting strategies. Here your bet is on either team to win outright or lose. This is similar to straight betting.

For instance, if Manchester City and Liverpool are playing a match, you stake in favour of either team to win or draw. If you stake in favour of Liverpool to win, and they do, you will win the bet. However, if they lose, you will lose your stake.

Here is how to calculate your expected returns from a head to head bet:

If you stake $100 that Liverpool will win the match and they succeed, you will have to multiply your stake by the odd. That is 100 x 2.90= $290

Head to head betting is a simple bet and that is what makes it popular.

The Round Robin bet is related to Trixie bet. It consists of 7 different bets namely; 3 singles,3 doubles and 1 accumulator. This means that the bettor has to win one selection to get some profit. This type of sports wager is very popular in horse racing, NFL Football, and basketball.

For example, if you combine three parlays and one lose, you will still some returns if the remaining selection succeeds. If you like three teams A, B, and C, but you’re not sure if all the teams will win, simply use this sports betting option.

You can stake $5 in favour of each team and if team C loses, meanwhile A and B win you will get some part of your investment back. Assuming the three selections succeed, you will get huge returns.

Different sports betting performances provide different opportunities. Some markets are suitable for different sports and in-play betting applies to all of them. However, there are specific bets that have a better return on investment for each sport. When used properly, they act as major bankroll boosters.

The different types of sports betting provide more flexibility to punters. Once you have the betting odds explained you realize that bookmakers have an unfair advantage over players. This can be mitigated by choosing those betting markets and odds where the benefits outweigh the risks. The use of different bets enables players to craft winning sports betting strategies such as arbitrage.

Modern bookmakers frequently allow players to combine events from the same match. This creates sports betting options with complementary wagers. You can use them to amplify the odds or to hedge against the risks. Bettors with an appetite for bigger winnings will fancy accumulators and betting systems. Risk-averse players will stick to single fixed-odds betting pregame on live.

Apart from the various types of sports betting systems mentioned above, there are other ways to add some betting flexibility to your game.

Other types of odds in sports betting that add flexibility to your selection are Trixie, Yankee, Heinz, Goliath, Super Yankee, and Super Heinz. These types of sports betting wagers have been discussed here. Go to Full cover bets paragraph to see their various meanings.

The universe of sports betting is a book and those who bet on the same markets read a single page. Broaden your horizons and consider different types of sports betting to offset the house edge. Use the best bets for every sport and maximize your winnings, while reducing the risks. Bet on a single event or and multiple selections on the same betting slip and create high-paying accumulators.