Types of Sports Betting

sports betting

One of the most popular types of sports betting is the point total, or over/under bet. The point total is based on the total number of points scored by both teams. For example, the point total for a game between the Philadelphia Eagles and the New York Giants is 45.5 points. If the Eagles win and the Giants lose, the total score will be 38 points.

Over/Under betting

Over/Under sports betting involves placing bets on the total points scored in a particular game. These totals are determined by the bookmakers after running simulations of the game. The over-under number is the most likely final score. If you predict the over-under to be more than the total, you are winning. If you predict the under-under to be less than the total, you are losing money.

Sportsbooks will often have several over/under totals available for each game on a given day. In addition to over/under totals, many sportsbooks offer additional options, including total touchdowns, longest field goal, and half-time/quarter totals.

Futures bets

In sports betting, futures bets are wagers made on upcoming events. For example, you can place a futures bet on the winner of the Super Bowl. If you predict correctly, you can win big money. However, the house edge on futures bets is very high.

Unlike traditional betting, futures bets are often placed weeks and months ahead of the actual game. This gives you the chance to place bets on championship games months ahead of time and on team win totals months before the game starts.

Spread bets

The term “spread bets” refers to a type of betting in which the payouts are based on the accuracy of the wager. It is different from parimutuel betting and fixed-odds betting. For this reason, spread betting is popular with people who want to take advantage of the volatility of sports.

Spread bets are not for everyone. Some sportsbooks use them as a way to help balance out unbalanced teams. This is done by taking points away from a favorite team and giving them to the underdog. The underdog team is then labeled as the “dog”.

Moneyline bets

Moneyline bets in sports betting are bets in which the winning team has a smaller point spread than the favorite. As a result, moneyline bettors must choose the winning team based on this disparity. There are many factors to consider when making moneyline bets, but you should start by familiarizing yourself with averages.

An even game, on the other hand, involves two teams that are evenly matched and the sportsbooks price both as equals. The moneyline odds are based on this implied probability. Therefore, a successful wager on an even game will result in a payout of the same amount, such as $100 vs. $100. The moneyline odds will be displayed in the American Odds format, which consists of positive and negative numbers. The odds will be equal in case of a pick ’em game.

Prop bets

Prop bets in sports betting are based on events that may not actually happen during a game. They include the total number of yards a player will pass for a given game, the first touchdown scored by a certain team, and more. Prop bets give bettors extra options to place wagers and are especially popular during major sporting events like the Super Bowl.

Prop bets are often unprofessionally regarded as bets because they are outside of the “norm” of professional sports betting. However, many people enjoy the head-to-head action that prop betting creates and the chance to predict how an event will unfold. Whether you bet on a certain Gatorade color, a team’s total goal, or any other outcome, prop bets can be highly lucrative in the long run.