Whoever thinks that betting is just a vast ocean where you haphazardly throw in cash, and some come back to you, is dead wrong. If you approach gambling in that mindset, you are setting yourself on a path to failure. Betting requires smartness, strategy, and a bit of open-mindedness to win. You have to understand that betting consists of so many kinds and each specific to each game. And in this piece, we shall take a look at the different types of wagers matched up with the sport it is mostly used in. So if betting has been your area of interest lately, you are in the right place.
1. Win bet
This is perhaps the most famously used wager in the world. And this is because almost all sports use it in the placing of wagers. It is also known as Moneyline betting, and it consists of the bettor placing a bet on the winning team. Here the options vary depending on the game. For instance, in the game of tennis, you have two options, and in the game of football, you can have three options- win, lose, or draw.
2. Teasers and pleasers
These wagers are specific to the games of football and basketball. In this betting form, one makes multiple selections as part of a single bet with all choices having either a point spread or totals. With teasers, the totals, or the point spread move in the users’ favor and the pleasers, the two progress against the players’ favor.
Commonly known as accumulator bets, parlays involve making more than one selection on a wager. For instance, if you want to include six of your predictions on one betting slip, you add them on one stake. These types of bets are hard to get since you have to get all your guesses right, but if you do, you win big. Apps in today’s market offer parlay as one of their to-go tools. So much so, a bonus like Bet365 bonus can be used to make the placing of this wager easier on the pocket. Parleys are applicable in football, basketball, and baseball, just to mention a few.
4. Futures or outright
The future or outright bets are the wagers placed on a victor of a specific tournament, league, or competition in advance even before the event starts. A perfect example is choosing a team to win the premier league even before it begins. This form of betting is popular in football, golf, basketball, and any other game that has seasons.
5. Proposition bet
This form of betting involves a wager placed based on unique aspects of a sporting event that do not directly affect the outcome of the match. Perfect examples for this kind of wager is betting the first team to score, or the estimated time the player will score the first goal. This type of wagers are popular among football fans and basketball fans, but they can virtually fit any form of betting.
The info relayed above will definitely give you a better understanding of the betting world so much so, if you did not know, now you do.