Thinking To Bet On Your Favorite Sport? Understand Sports Bet Types

When it comes to sports betting, especially online gambling, many questions give rise to confusion and stress. One common question that beginners and seasoned punters generally ask is “what are the best bet types in the online gambling world?”. The reason why it is usually asked is that there are numbers of different ways you can use to place a wager on a sporting event. But, unfortunately, there is no straight answer to it because it depends on the punter, the sport they’re betting on, and the conditions. 

If you’re a beginner and looking to bet on your upcoming favorite sport at Indian betting sites, then learn about the different types of wagers. In this post, you’ll get easy-to-understand explanations of different bet types. Even though some of these may seem difficult, none of these sorts of bets are actually difficult to understand and place. 

  1. Moneyline Bet

In this type of wager, you select a team to win straight with no point spread. This betting term is mainly used in the United States and some more areas for hockey and baseball. But, there is some risk involved. The betting amount used for the selection of your favorite verse the total amount of money you used if you choose the underdog. 

  1. Parlay Bets

It involves grouping more than 1 selection together into one single bet. Although these types of wagers are hard to win, returns are quite impressive if you win. 

  1. Point Spreads

These wagers are highly popular in the U.S and used for a wide range of sports mainly for football. Here, you’ll place a wager on which user will “cover the spread (a bookmaker creates the spread)”. Spread size shows the points to be deducted or awarded.   

  1. Total Line Bets

Punters can bet on either actual total will be lower or higher than the line set by the bookmaker for a total number of goals, runs, or points to be made in a particular game. 

  1. Handicap Betting

This type of betting reduces or improves the betting odds but improves the winning potential. Points are awarded and reduced from teams to present different options.  

  1. Prop Bets/Specials

An acronym for proposition bet, prop bets are usually made for fun than anything else. That’s a reason serious gamblers, who aim to earn more profit, are suggested to skip these sorts of wagers. 

  1. Teaser Bets

Here, you’ll combine two or more selection in a single bet and now you can adjust the point spreads in your favor accordingly. 

  1. Progressive Parlays

This sort of parlay has lower risk as you will get a certain payout even if one selection is incorrect.

Consider both pros & cons to make the best decision of bets selection.

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