overview
You don’t have to just bet on which team will win the game, there are many ways to bet on a game. And that’s one of the things that make sports betting great. In this article, we will go through a brief overview on what each type of bet is.
The types of bet
Moneyline
Moneyline is one of the most common bet types. When you bet on a teams’ moneyline, your bet will win if they win the game. So, it is basically betting on a team to win the game. This bet type is recommended for beginners because of its simplicity.
POINT SPREAD
Point spread bet is another common type of bet. When you bet on a spread, you are betting on a team’s margin of victory rather than the final result. Minus symbol represents the favorite, while the plus symbol represents the underdog. For example, if a team is priced at -6.5, they must win by more than 6.5 points. So basically, the opposing team would be priced at +6.5, meaning they must either win the game or lose by fewer than 6.5 points.
OVER/UNDER (TOTALS)
It’s the most popular sports bet type after moneyline and spread bets. This bet type is called over/under because you are betting on a total to go over or under. Total bet is basically betting on the combined number points scored between both teams. For example, in a football game between Real Madrid and Barcelona, the point total is set at 2.5 points. If the final point of the both teams are 1, it means only 2 combined points is scored. Therefore, the under is the winning bet.
PARLAYS
It’s a bet on multiple bets winning. For a parlay to win, every bet in the parlay needs to win for your bet to cash. If you lose one bet in the parlay and win three of them, you will still have a losing parlay and you will lose the rest too. But the good part of parlay is that it multiplies the odds of the bets you’ve placed.
PROP BETS
A proposition or a prop bet is a bet type that is not tied to the result of the game. There are different types of prop bets but most common ones are player props and game props. A player prop is a bet on players performance, a game prop is a bet on something to happen in a game.
MIDDLE BETS
In middle bets, you place spread wagers on both sides of the game at different lines to ensure that either one of the bets wins. For example, let’s say you placed a bet on the Team A that are 3.5-point favorites against the rival team, then you placed a bet on the rival team in another bookmaker, Team B. And it is 4.5-point underdogs against the rival in this bookmaker. With middling that game, you either win +1.82 units or you lose only 0.09 units.
FUTURE BETS
In this type of bet, you are betting on a team/player that you believe will win the tournament, competition or league. This betting type is recommended for experts because you have a low chance to win and it requires some knowledge about the sports you are placing your bet on. However, if you can win the bet, you will get lot of profit because the odds are super high.
LIVE BETS
You can place live bets after the event has started. Keep in mind that the odds are constantly changing based on what is happening in the game. You need to have a fast live stream to keep up with the things happening in the game to place the bets with the odds you want before they change. For example, let’s say you placed a bet on the Team A that are 3.5-point favorites against the rival team, then you placed a bet on the rival team in another bookmaker, Team B. And it is 4.5-point underdogs against the rival in this bookmaker. With middling that game, you either win +1.82 units or you lose only 0.09 units.
Conclusion
The bet types are important to know before starting sports betting. It’s also important to see which bet types are working for you and which ones are not. You should find the ones you are good at and the ones that fail you. Then focus the bet types that you are good at for better results. The best way to find your ideal bet type is to experiment and put the things you have learned in practice.
Once you have mastered this aspect and are ready to start your sports betting, we recommend the services of BET-IBC, the best betting agent. Their customer service team will help you choose the account that best suits your needs.