Sports betting is a popular form of gambling where people place bets on the outcome of sporting events. There are several types of sports betting, each with their own unique rules and strategies. Whenever you’re using 22Bet and get confused about the types of betting, you can read on to find out.
Point Spread Betting
In point spread betting, a bookmaker sets a point spread for a game, which is a margin of victory that the favored team must win by in order for the bet to be successful. The underdog team, on the other hand, can lose the game by less than the point spread or win outright in order for the bet to be successful. For example, if the point spread for a football game is -7 in favor of the favored team, they must win by at least 8 points for the bet to be successful.
Moneyline Betting
This one is a simpler form of sports betting where the bettor simply bets on which team will win the game outright. In moneyline betting, each team is assigned a moneyline odds value, which represents the amount that must be wagered in order to win $100. For example, if a team has a moneyline of -150, the bettor must wager $150 to win $100 if the team wins.
Over/Under Betting
Also known as totals betting, this involves betting on whether the total number of points scored in a game will be over or under a predetermined number set by the bookmaker. For example, if the over/under for a basketball game is set at 200 points, the bettor can bet on whether the total score will be over or under 200 points.
Proposition Betting
Mostly known as prop betting, this type involves betting on specific events or outcomes within a game that are not directly related to the final score or outcome of the game. For example, a bettor can place a prop bet on the number of touchdown passes a quarterback will throw in a football game.
Parlay Betting
Parlay betting entails combining multiple bets into a single bet in order to increase the potential payout. In parlay betting, all of the individual bets must be successful in order for the parlay bet to be successful. For instance, a bettor can place a parlay bet on the outcomes of three different basketball games, with all three individual bets needing to be correct in order for the parlay bet to be successful.
Futures Betting
This betting depends on the outcome of an event that will take place in the future, such as the winner of the Super Bowl or the World Series. Futures bets are typically made well in advance of the event and can provide potentially large payouts.
Sports betting offers a variety of different types of bets, each with their own unique rules and strategies. Point spread betting, moneyline betting, over/under betting, proposition betting, parlay betting, and futures betting are just a few of the many types of sports betting available to bettors. Whether you are a seasoned sports bettor or just getting started, understanding the different types of sports betting can help you make informed and strategic betting decisions.