Betting is performed through Sportsbooks (US) or Bookmakers (UK) entities that accept bets. You can bet on the results of several sports, such as for example; Baseball betting, Basketball betting, Football betting, Tennis betting, Hockey betting, Snooker and Soccer betting games.
To place a sport bet, you go to a sportsbook, physical or online. You could also bet on the phone with many sportsbooks. Remember that a sports book or sportsbook isn't the same as an oddsmaker. The sportsbook simply accepts sports bets. An oddsmaker is a one who sets the sports betting odds.
You need to state everything you are betting on by creating a selection, the type of bet and the total amount you are wagering. Your selection will obviously be determined by the odds offered, and that means you would want to examine the number of odds available before you decide.
There are many types of bets you can place. Some sportsbooks may offer more betting varieties and combinations than others. Below is really a list of the more common types of bets.
Straight bet or Single.
This is the simplest & most common bet. Without a doubt on a winner at given odds.
Point Spread.
This bet lets you bet on successful from two selections who have been made equal by allocating appropriate points to the underdog team. THE IDEA Spread is the amount of points allocated and is shown with a + sign for the favorite and a - sign for the underdog. The favorite must win by a lot more than the Point Spread that you win; otherwise you lose your bet even though the team wins. Inversely, in the event that you bet for the underdog, that team has to lose by significantly less than the Point Spread that you should win. If the favourite wins by the precise Point Spread, then this is a push or a tie. You get your bet back. To get rid of a tie result, the oddsmakers sometimes include a half point spread. Since scores use full numbers only, one team has to win outright.
Buy Points.
Also, to buy TIPS. Move the Point Spread favorably at a price.
The Money line.
This establishes the odds for every team but inversely proportional from what would have been a Point Spread, and is indicated by a + for the underdog and a - sign for the favorite. Say team A is favorite and quoted at -180 and B may be the underdog at + 120. The bets offered would be 10:18 odds-on for the favourite, and 12:10 for the underdog. For every $180 you bet on A you'll win $100 or lose $180, but also for every $100 without a doubt on B you would win $120 or lose $100.
Total.
A bet for the number of points scored in the game by both teams combined, including points scored in overtime.
Over/Under.
A bet that the combined amount of points scored by both teams in the game will be Over or Under the total set by the oddsmaker.
Parlay or Accumulator.
A multiple bet. Some sort of 'let-it-ride' bet. Making simultaneous selections on several games with the intent of pressing the winnings of the initial win on the bet of the following game selected, and so on. All the selections made must win that you can win the parlay. If a game is a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.
Teaser.
It is just like a parlay, but with the option to add or subtract points (called 'moving the line') in one or more Spread bets. When betting a teaser additional points are either added to the underdog or subtracted from the favorite. The odds vary in line with the number of points the spread is moved and the number of teams combined to create the teaser. As in Thabet link , all selections must win for the teaser to win. Teasers itâs likely that usually worse than the parlays.
If-wager.
A bet which allows the bettor to generate a second wager, around an equal amount, pending a win on the first selection.
Open Wager.
Open wagers permit the bettor to play teasers or parlays making a selection at differing times and even different days.
Future.
A bet on another event. At the start of every season, the sportsbooks hand out odds for teams to win a certain championship. The odds change because the game date approaches and in most cases get shorter, but if you win you get paid at the original odds that you took. This is possibly one of the profitable bets in case you have considerable knowledge of the activity that you are betting on including the players, and a good sense of judgment.
Exotic Bets.
Betting on unusual events. Some sportsbooks post odds and take bets on a wide selection of other sports related events and activities. Several others will take bets on just about anything you can think of.
Proposition Bet or Prop Bet.
An offer of bets at odds and conditions chosen by the sportsbook, usually on 'Exotic' bets.