Exploring Some of the Most Common Types of Sports Bets
Throughout the lengthy process of sports betting, we have stuck to a few basics, thereby picking some of the most common types of bets.
Exploring a few common bets that everyone seems to be following will certainly give you an idea or so about the nature and system of betting that we keep following. Regardless of the sport, we have a selected section of bets that are always preferred over the rest.
While the reasons behind choosing these types of bets could be personal or dependent on other factors, exploring them will certainly push you towards understanding how things work to a small extent. So here are some of the most common types of sports bets.
Win Bet
The most basic type of bet from the list is the win bet because it is one that is easy to understand and easy to place. It is all about picking a winner from the list and placing your money on the same with the hope that they can double your bet. While it does sound simple, it is not easy to pick a winner.
You need to be aware of how both teams have been performing, including players stats and every other information that concerns a team of players. While it is commonly called the win bet, it is also referred to as the moneyline bet.
Point spread
The point spread is an interesting type of bet that many seem to consider. While it does bring a few risks and challenges, it makes sense for a big part of the game and many tend to pick this type of bet over the rest. So what is a point spread and how does it work?
It all begins with a sportsbook making a small prediction. For example, let’s assume that Liverpool is set to play Chelsea at Anfield and a sportsbook has assigned 2 goals to Liverpool, claiming that they will win by the same amount of goals.
So it is understood that the sportsbook expects Liverpool to win the game, keeping them as favourites and have also placed the spread at 2. This brings about different options for you and you can choose anyone from the following.
- You can choose to bet on Liverpool if you believe they will win the game by two goals or
- You can choose to bet on Chelsea if you believe that they will either win or lose by 1 goal or the game ends as a draw.
Over/Under Bets
Over and under bets are also called total bets in some parts of the world. However, bet UK or other such places go with over/under bets were deciding upon what the sportsbook has created is your main job. To start things off, a sportsbook will allocate a total set of points for a particular game. So if you believe that this bet will become true, you can move ahead to place the over bet meaning that the point total will become true.
However, if you don’t, then the next option is to choose the under bet suggesting that the point toral will not become true. Hence, this type of bet is called over/under bets for a particular reason.
Futures bets
As the name suggests, the futures bet is all about picking a winner well in advance. It might even involve picking the winner of the next Premier League season. Since you will be placing a wager well in advance, you will be taking a huge risk and you need to be aware of how it can create an impact.
Being aware of a team’s current performance and also predicting their future seems to be the basic idea behind this type of bet. Due to that, you need to be aware of the same and should place the bet after analysing everything.