Sports betting has been around for centuries, and it has seen technological growth. Now you can use your favorite online sports betting site, or make your selection on the phone – all in the comfort of your home. Betting on sports has never been so easy in human history.
Sports betting can definitely provide those interested in sports, as well as serious punters to find a way to make money, extreme fun and excitement. Nowadays, you can find risk free bets, various promotions, welcome bonuses, etc. at the best football betting sites.
Unlike online slots like Wolf Gold slot, the Dog House slot, Sweet Bonanza slot, etc. sports betting requires some knowledge and skills and before starting to bet on sports, it would be wise to understand the basics of sports betting. In this article, you will learn seven basic terms and definitions commonly used in sports betting.
Table of Contents
1. Straight bet
A straight bet is the most common bet. This is your bet to win one-sided. You can use the point spread or money line or total game to go over or under the straight bet. Depending on what you are betting on the sport, the format of the line will be different.
A PARLAY is two or more events, all events must win the bet. The bet can include any kind of wager like point spreads, moneylines, totals, futures, or prop bets, as long as the bets are on different games.
A teaser bet is a type of parlay bet. Here the bettor is allowed to change the point spread for a game, making the bet easier to win. In exchange, the sportsbook will lower the payout due to them if they win.
In sports betting, prop bets is a special and unique variety of topics that sports betting sites offer. These bets are considered new in the market and can be on sports, politics, and even trials.
In sports betting, futures bets are wager on a variety of major event or contest winners (a team or a player in a season) prior to release. These bets are different from bets on an outcome, as the result of a futures bet is for an event or season that is completed in the future, not the day the wager is placed.
6. Total (up / down)
Up-and-down bets involve two selections and two separate bets on both those selections, in each of which the second bet is conditional on the first one winning. If both selections win your return is greater than if you had placed two single bets, but the downsides are that only one winner reduces your return and if both lose then you lose.
7. Point spread
In sports betting, point spread bet is between two teams: the outcome can be in 3 forms: win, loss or push. Point spread bets involve betting on a favorite or underdog team in a certain game. If you bet on a favorite, they need to win the game by more than their assigned point spread. If you bet on an underdog, they must either win the game outright or lose by a smaller margin than the assigned point spread.