Jeremy Florez asked 6 days ago
Sports betting offers excitement with every pitch and agony with every turnover. But for a novice gambler, understanding some of the terminology may be a barrier to getting within the game. Really, sports betting is easy, and with a little basic explanation a lot of the lexicon is quickly understood. You can find basically four types of bets: sides, totals, futures, and props. We are going to explain all of try these guys and a bit more.
Side wagers are perhaps the most usual sports bet. Side wagers, also referred to as straight wagers, are bets where you pick a team to win. Side wagers have two variables – the pointspread and the moneyline. The pointspread will be the range of points either added to the underdog score or subtracted from the favorite to find out regardless of if the bet wins or not. The moneyline describes how much a winning bet pays the victor.
Sports like baseball are played almost exclusively on the moneyline. Basically, the pointspread is assumed to be zero. Many sportsbooks give a runline, where the pointspread is 1.5 runs, meaning the favorite has to win by two, not really a single run. Soccer and hockey also are highly reliant on the moneyline.
Football and basketball use the pointspread to great extent. Unlike baseball, the moneyline is often fixed or only changes just a little.
Total Wagers – Other than betting on a team to win or cover the spread, you can bet on the total range of points/runs/scores in a sporting event. The sportsbook sets a totals which is just a number which they feel will generate bets over and under the total. If you bet over, you are betting that the sum of the competitors scores will be higher than the total. On the flip side, if you bet under, you are betting fewer points are scored than the total.
Futures – Sides and totals are available for most conventional sports pitting Team A against Team B. But how does that work with golf tournaments or nascar races? Tennis matches may be bet with sides, but how about predicting a tournament champion? Or betting on the eventual super Bowl champion? Bets with more than 2 competitors are bet by futures. Each option has a moneyline associated with it to discover the payout – the longer the underdog the better the return. If you’re able to correctly pick a longshot — and win — even a small bet can pay off often times over.
Betting futures does have disadvantages. For starters, betting a future which takes quite a while to resolve causes the stake (the total amount you wagered) to be unavailable for many months. In addition, futures have a tendency to either be longshots that pay out infrequently or favorites that have very little reward tempting you to place a large wager. All of us like to have wishful thinking betting on your favorite team or players.
Props – For major sports prop wagers are often available. Prop wagers are anything that will not fit in to the categories above. Consider props completely fun bets – the odds can be awful and rarely any skill goes into the bet. The Superbowl every year has hundreds of potential prop bets which range from the coin flip, to whether the game ends in overtime. Inbetween you bet on the teams and individual players. For instance, the range of interceptions for the quarterback or the number of rushing yards for the running back.
Live Betting – Some advanced sportsbooks are now offering live in-game betting. They are really prop bets, but since the bets have an incredibly short duration (e.g. will a first down be the result of the next play) they need their very own category.
That should be all you need to understand for bet types as it covers all the typical bets made in a sportsbook!