Sports betting is an exciting form of gambling, and there are many different types of sports to bet on. You can bet on the outcome of the game, point spreads, straight bets, parlays, futures, and more. There are also many different types of bets to consider, including prop bets and teasers.
Point spread
Point spread in sports betting refers to a form of wagering in which the payout depends on whether the wager is correct or not. This type of betting is different from fixed-odds betting or parimutuel betting.
Straight bet
A straight bet is a type of bet in which you place a wager on a specific individual or team. Straight bets can be made as a side bet, moneyline bet, or total bet. Other types of wagers include parlays, futures bets, and prop bets.
Parlay
Parlay sports betting is a popular option for sports bettors who are looking for a higher return on their wagers. Instead of placing single bets on a game, parlays combine multiple selections into one large bet. These bets can be placed anywhere in the world, and the potential return is increased substantially.
Futures
Futures in sports betting involve betting on a team or event at a future date. Betting on futures is like betting on a stock, and you can profit from it if the team or event you picked wins. For example, you can place a futures bet on the Carolina Panthers to win the Super Bowl. However, if they don’t win, you can sell your stock to get your money back. This type of betting requires patience, but can be profitable if done correctly.
Outright winners
One of the most popular types of bet in sports betting is the outright winner bet. It involves guessing the final winner, and while it’s not particularly difficult, it can get complicated in some competitions. For example, many top-flight national football leagues feature playoffs, which are not usually factored into outright bets.
In-play betting
In-play sports betting involves multiple bets made during the course of a sporting event. This type of gambling is becoming more popular than ever. However, there are a number of concerns about in-play sports betting. For example, it is difficult to know which types of bettors are likely to tilt their behaviours. Fortunately, behavioural analysis can help us identify potentially at-risk patterns of gambling.