Sports betting is the perfect way to immerse yourself in your favorite game and put your knowledge to the test. Fortunately, you can bet on more than which team will win a game or which athlete will win a match. You can bet on the victory margin, number of corners, total points scored, and many other types of bets.
Here are the most common types of sports bets that you can place in online sportsbooks.
Money line bets
Money line bets are the simplest and most popular sports bets. When betting on a game’s money line bet, you are predicting which team or athlete will win the game. Online sportsbooks display these bets on top of the page when you click on any game in an online sportsbook.
Because games are relatively uneven, the money line odds vary from one team to the other. The underdog will feature long odds (with a huge payout potential), while the favorite teams will have short odds since they are expected to win.
Point Spread
Point spreads are exciting for savvy sports bettors because they level the playing field. Betting on the spread involves betting on a team’s victory margin instead of the final results.
In sport betting sites like Betway, the underdog is denoted with a plus symbol, and the minus is used to show the favorite. For example, if Florida State is priced at -3.5 in a game against Georgia Tech, then Florida must win the match by over 3.5 points.
In the above case, Georgia Tech will be priced at +3.5. That means they must win the match outright or lose by less than 3.5 points.
Over/Under (Totals)
Besides the money line and point spreads, point totals are among the most popular bets at the Betway online sportsbook. These bets are also known as over/under and involve predicting whether the total points in a game will be above or below a predetermined number.
For instance, in an English Premier League game between Arsenal and Everton, you can find markets like over/under 2.5. If you bet on Over 2.5, the game must end with over 2.5 goals for your bet to win. If the combined number of goals is less than 2.5 by the end of the game.
Parlay Bets
Parlay bets involve betting on several games as a single bet. For you to win a parlay, every prediction on your bet must win. For example, if you place your bets in a parlay, the results for all your predictions must be correct. Even a single wrong prediction will cost you the whole bet.
Prop Bets
A proposition bet is any bet not directly tied to the final score of a game. That includes betting on the player’s performance stats, like the number of passing yards a football quarterback will make in a game or whether a particular player will record a double-double in basketball.
Conclusion
Now that you’re familiar with the most common types of sports bets available in online sportsbooks, the best thing you can do is leverage your knowledge about your favorite teams wisely. You can choose to predict the performance of teams, player stats, and other types of unique bets.
