Did you know that 46 percent of adults in the United States of America have some level of interest when it comes to the best sports bets? Using a sound sport betting strategy is a great way to make additional income for anyone that enjoys watching sports.
An important part of getting started with the best online sportsbook is learning about the different types of sports bets that you can make. Sports betting is one of the largest sectors of the gambling industry today and it might seem overwhelming trying to learn what is what.
The good news is that you’re in the right place to learn about the types of sports bets and how to start with smart betting to win more money. Keep reading this article to learn more.
Money Line Bets
Money line bets are one of the easiest types of sports bets that you can put money on. These bets work by having you pick a winner when it comes to a sporting event. Say the Kansas City Chiefs are playing the New England Patriots. This type of bet would involve you putting money down on who you think will win this game.
If the team that you bet on ends up winning then you’ll earn money. The big factor that determines how much money you win is the odds of the team winning. The odds are determined by the best online sportsbook based on who they think will win the game. The team expected to win is called the “favorite” while the team expected to lose gets coined as the “underdog”.
The odds for this type of bet show up as a number with a plus or a minus sign. If the odds show a minus sign then it means that that team is the favorite to win. It also signifies how much money you’ll need to bet in order to win $100.
Straight Bets
Straight bets are another popular type of sports bet in the United States when it comes to sports like football or basketball. It involves placing money on a team that is expected to win or lose but there is an additional factor added in. The point spread needs to be bet on as well. The point spread is used to show how much a team is expected to win by.
In order to win money with straight bets, the team that you bet money on will need to win by more points than the point spread. If you bet on the favorite and the point spread is (-10) then you won’t win money unless that team wins by more than ten points over their opponent. For more info check out SuperContest.
Total Line Bets
Total line bets are another common type of sports bet. This sports betting is popular for football and basketball games and the bet is placed on how many points you think the two teams will combine to score. It works by betting over or under the scoring total that the sportsbook is predicting for the matchup.
For a football game, the sportsbook might set the points total at 58 points. If you think that the two teams will combine to score less than the 58 points then you should bet the under. If the two teams play to a score of 41 to 17 then you would lose that bet. If you bet the over then you’d win money on that bet.
This type of betting is also used for halves of games when it comes to betting on football or basketball matchups. This works the same way that a total line bet works for the entire game. You bet on if you think the two teams will reach the set points total by the end of the first half of the game.
Parlay Bets
Parlay bets are a bit more complicated than the other types of bets listed in this article. Parlay bets involve placing bets on multiple games. In order to win this type of bet, you’ll need to get every game that you bet on correct.
A good example of this type of bet would involve betting on the St. Louis Blues to win the Stanley Cup and betting on the Denver Nuggets to win the NBA Championship in the same year. You can bet on anywhere between two sporting events and 12 sporting events when it comes to a parlay bet.
These bets are trickier when compared to other types of sports bets. The amount of money that you’d win gets adjusted due to the number of events that you bet on. In order to win, all of the outcomes that you’ve bet on would need to come true. You can’t get a partial payout if you place parlay bets. That is important to remember when placing your money on different types of bets.
Head-To-Head Bets
Head-to-head bets are popular for sporting events that place two people in competition against each other. Think of sports like golf or racing when it comes to head-to-head betting. You’ll have to choose between two athletes and bet on which one you think will do better.
There is likely a certain money line for each athlete that limits the amount of money that you’ll win if you choose a massive favorite over an underdog. There are far fewer variables to this type of betting but you won’t win as much money when you get these types of bets right. They’re a fun way to add a bit more excitement to golf by adding a little bit of money on the line.
Now You’re Ready to Capitalize on These Types of Sports Bets
Now that you know about these different types of sports bets you’re ready to sign up with the best online sportsbook and get started with making that extra income. If you want a big payout then you should consider parlaying bets while betting on the money line is a great option for a big football fan.
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