Sports betting is becoming very popular these days. More sports bettors are seeing the benefits of betting online. That is why if you too are looking into this alternative, then you should start learning more about sports betting. To help you kickstart your online sports betting journey, here are some tips that will come in handy.
Introduction to Sports Betting
The simplicity of sports betting is one of the reasons why it is very popular these days. This is one way to enjoy your favorite sport. All you have to do is to make predictions and this will predict whether you win or lose. But before you bet your hard-earned money, there are a couple of things that you need to know. This way, you are sure that you know exactly what you are doing when betting on sports online.
Various Types of Sports Bets
There are different forms of sports bets. Aside from the ‘traditional’ forms with fixed odds, there are more than you can pick from. If you want to start betting on your favorite sport, here are the different ways to do it:
- Head-to-Head Bets. This is the most common betting option for events like NASCAR or professional golf competitions. This is pretty simple. Whoever wins or finishes first is the winner.
- Straight Bets. This is the most common type of sports bet especially in football and basketball. With straight bets, a betting line or “point spread” is set. You can choose to bet between the ‘favorite’ or the ‘underdog.’ To win the game, the favorite needs to win more than the point spread. If you bet on the underdog, it needs to win or lose less than the point spread. No money is won in cases of a tie.
- Total Line Bets. This is the second most popular betting type in sports. With total line, a certain number is set for the final scores of both teams. What you need to do is bet on the actual score taking note of ‘going over’ or ‘going under’ of the set number.
- Money Line Bets. With this betting option, you choose and predict which team will win without any point spread. The problem with this bet is that you are risking the amount that you wager especially when choosing the favorite team over the underdog.
- Parlay Bets. This is the type of bet where you group together two or more picks into a single bet or ‘parlay.’ You can have up to 12 picks depending on the sportsbook’s limit. The odds of payout for this betting option will be adjusted according to the number of picks.
- Teaser Bets. This is similar to parlay but with a tweak. You still get to group a number of picks but you can tweak the point spreads to your advantage. This betting option is a bit tricky so you should take the time to learn more about it before you consider.
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