Analyzing the Different Sports Bet Types

The range of wagering possibilities is one of the things that makes sports betting so intriguing. You don't have to gamble on who will win the game; you may bet on the margin of victory, the total number of points scored, and a number of other things.

Knowing how to place different sorts of bets is essential for a successful bettor. Many successful bettors swear by betting more simply on three-way bets, while others use a combination of bet types at the appropriate time. This is the skill of spotting excellent odds on various sorts of bets and successfully betting on them.

Sports Betting Types

Money line

A moneyline bet is simple, and perhaps the most popular of all bet types in sport betting platforms. When you bet on a side's moneyline, you're essentially betting on them to win.

If you want to bet on a particular team to win, for example, you would bet on their moneyline. If it wins, your wager is successful. If it loses, your wager is lost.

Point spread

A point spread bet is another popular sort of wager. When you bet on a spread, you're betting on a team's winning margin rather than the final score.

A minus symbol denotes a favourite, while a plus symbol denotes an underdog. For example, if a team is -5.5, they must win by more than 5.5 points.

In this example, the opposition side would be given a +7.5 point spread, which means they must either win outright or lose by less than 7.5 points.

Over/Under

Aside from money line and spread bets, the most common sports bet is point total. Because you're betting on whether a total will go over or under, these bets are commonly referred to as over/under bets and you can find them on the Betway platform.

You wager on the number of goals or points scored at the end of a game. The point total for a football game between the Philadelphia Eagles and the New York Giants, for example, is 45.5 points.

Only 38 points were scored if the final score was Eagles 21, Giants 17. As a result, the underdog is the winning wager.

Parlay bets

A parlay bet is a wager on the outcome of multiple bets. To win a parlay, each "leg" or bet in the parlay must win in order for your wager to payout. You have a losing parlay ticket if you have a four-leg parlay and only three of the bets win.

A parlay is appealing to many gamblers because it allows them to risk a small amount and win a huge amount because their winnings are doubled after each victory.

Other popular bet types

Single Wager

Picking only one betting market and placing a single gamble is the easiest method to bet on any sport. Single bets are often placed for higher amounts of money than one's bankroll and have a lower volatility in the grand scheme of things. Betway offers opportunities for all sorts of betting, including single wager, and many more options.

System Bets

System bets are a form of combination in which you can afford to make some mistakes. A system bet just needs that some of your choices win, and each successful combination pays you a fraction of the total profit.

Handicap betting/Asian handicap

Handicap betting and other forms of handicap markets allow punters to wager on favourites while still getting good odds. These markets level out the odds by requiring one side to win by a specific margin, making even the most boring matches more thrilling.