For many of us, sports are a major form of relaxation whether we are playing with friends or watching on television. Making a small bet adds to the excitement and the thrill of winning your bet is often far greater than watching your favorite team win. Betting has become an integral part of the action for many sports fans and the many online sports books that you will find make it convenient for you to bet whenever you choose from the comfort of your home. Many of them also allow a minimum bet of one dollar. And remember, the quality of sports betting information you read greatly increases the likelihood that you’ll win.
It adds immeasurably to your enjoyment if you are familiar with the different types of bets that can be placed. You can then choose the bet that suits your appetite for risk as well as your pocket. While these bets are common in the USA, many online sports books will offer you the same opportunities.
Proposition bets. These are bets that involve a specific proposition. The proposition could be the number of goals that will be scored by each team or whether a particular player on one side will score more hits than a particular player on the other side.
Parlays. Parlays are bets that are made on multiple game results (anything up to 12 games) and pay much higher odds because of the high risk involved. If you are wrong on even one result, you lose your bet. For example, if you bet that four different teams are going to win and they oblige, you could receive odds of up to 10:1. But, even if one of these four teams loses, you receive nothing.
Progressive Parlay. Like a regular parlay, this involves betting on the results of multiple games up to 12 games. Unlike a parley, however, you will receive a reduced payout even if some of your teams lose.
Teaser. A teaser bet will often allow you to place a single bet on the result of two games and adjust the points spread. Because of the point spread flexibility, you will receive a lower payout.
Line bets. These can be based on runs, pucks, points or goals depending on the game. The bookmakers fix a spread that, in theory, makes the favorite and the underdog equal and encourages betting on both teams. For instance, the run line in a football game may look something like this:
Washington Redskins -7 -110
San Francisco 49ers +7 +120
This means that if the Redskins win by more than seven points, you win $100 for a bet of $110. On the other hand if you bet the 49ers and they lose by less than seven points, you will win $120 for a bet of $100.
Futures. Naturally, all sports bets are on future outcomes but futures bets can be placed on fixtures that are weeks or months away. For instance, you can place bets right now for the next Super Bowl.
Head to head betting. In this form of betting, you bet on one player against another regardless of the outcome of the game. An example is Formula One racing where you can bet on two or three drivers and their places in the overall standing. You can also bet that two drivers will fail to finish or be disqualified.
Betting on totals. Also called Under/Over, the bookmakers set the total of both teams at a figure they think would be achieved. If you think that it is going to be less, you would bet on the Under. Similarly if you think it is going to be more, you bet on the Over. If the odds figure has a – in front of it, that is the amount that you have to bet to win $100. If there is a +, that is the amount you win if you bet $100.