Types of Sports Betting Options

sports betting

When it comes to sports betting, there are many types of betting options. These include Futures, Point spreads, and Moneyline bets. You can also place Parlay cards. In addition, most sports betting options allow you to bet on several sides of an event. The types of betting options available to you will depend on the specific sport or league you choose.

Point spreads

Point spreads are one of the most popular types of wagers in sports betting. They allow bookmakers to balance their books by rewarding bettors who bet on both sides of a game. These bets are particularly popular among punters because they have a higher payout than straight-up bets.

Moneyline bets

In sports betting, moneyline bets are based on the probability that a particular team or player will win an event. A higher probability means higher payoff, but a higher risk. This type of wager is especially useful when the final score is close to even. It can be placed on either a team or player and is best suited for games with low scoring, such as hockey and baseball.

Futures bets

Futures bets in sports betting involve betting on future events such as a game’s winner. For example, you can place a bet on whether the Braves will win the World Series or whether LeBron James will win the NBA MVP. Futures bets are more exciting than regular bets because they look at a variety of factors to determine the outcome. However, payouts on futures bets tend to be smaller than regular bets.

Parlay cards

Parlay cards are a popular way to make sports bets. They are often used during football season. There are many types of parlay cards, including teasers, ties, pleasers, and more. Many mobile sports betting apps also include parlay cards.

Daily doubles

Daily doubles in sports betting are a great way to bet on both winners and losers of a particular race. However, they should only be used if the bettor is confident about a horse’s chances of winning. The second half of a Daily Double may contain a more exciting bet.

Football teasers

Football teasers are bets in which you place a wager on two or more games with different point spreads. They are very similar to parlays, except that you can bet on more than one team. Teasers are popular with sports betting enthusiasts and are available at many leading online sportsbooks. Different sportsbooks offer different teaser payouts, so it is important to know what to look for before placing a bet.

Auto racing futures bets

If you are an avid auto racing fan, you may want to place an auto racing futures bet. These bets are placed on a specific race and involve the choice of a driver. To win, your chosen driver must finish first or clear of the competition. Race odds fluctuate throughout the week of the race due to qualifying and practice results.

Spread bets

Spread bets in sports betting involve placing bets on various sports events using a system where the odds are spread out. The payout depends on how accurate your prediction is. This style of betting differs from parimutuel betting and fixed-odds betting.