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Types Of Sports Betting And How To Get Started

There are many different types of sports betting that you can do, and this article will explore the most popular. It will also give an overview of how to get started with sports betting, which is relatively easy to do once you know what to do.

The Types of Sports Betting

There are many different types of sports betting, each with its own unique set of rules and regulations. The most common types of sports betting are:

The straight bet is the most common type of sports bet. With a straight bet, you simply pick the team or player that you think will win the game or event, and if they do, you win your bet.

A parlay bet is a bit more complicated than a straight bet. With a parlay bet, you choose two or more teams or players to win their respective games or events. If all of your selections win, you win your parlay bet. However, if even one of your selections loses, your entire parlay bet loses.

A Teaser bet is similar to a parlay bet, but with a few key differences. 

  • With a teaser bet, you can add or subtract points from the spread to make your bets more favourable. For example, if you think Team A will beat Team B by 7 points, but the current spread is 10 points, you can “tease” the line down to 7 points and make your bet more favourable. 
  • Unlike a parlay bet where all selections must win for you to win your bet, with a teaser bet only some of your selections need to win for you to collect on your wager.

Types of Bets

There are many different types of sports betting, and it can be confusing for a beginner to know where to start. Here is a rundown of the most common types of bets:

  • Moneyline bets: A moneyline bet is a bet on which team will win a given game. The odds for each team are set by the bookmaker, and the bettor simply chooses which team they think will win.
  • Point spread bets: In this type of bet, the odds are always set at -110 (meaning you have to bet $110 to win $100), and you are betting on how much a team will win or lose. If you think a team will win by 7 points, you would bet on the “+7” line. If you think they will lose by 7 points, you would bet on the “-7” line.
  • Totals (over/under): This type of bet is also known as betting on the “line”. You are simply betting on whether the total score in the game will be over or under a certain number set by the sportsbook. For example, if the total is set at 48 and you think it will be lower than that, you would bet on the “under”.
  • Parlays: A parlay is when you combine two or more bets into one. The more bets you include in a parlay, the higher the payout will be if all of those bets win. However, it is also much harder to win a parlay than it is to win a single bet.
  • Futures: A future bet is when you bet on something that will happen in the future, such as who will win the Super Bowl at the end of the NFL season. The odds for these types of bets are usually very high because there are so many variables that can happen between now and when the event will take place.

How To Get Started With Sports Betting

Sports betting can be a fun and exciting way to make some extra money. However, it is important to understand how sports betting works before getting started.

There are many different types of bets that can be made, and the odds of each type of bet can vary. It is important to research the different types of bets and the odds.

Additionally, it is important to set a budget and stick to it. Sports betting can be addictive and it is easy to lose track of how much money is being bet. by following these tips, anyone can start safely and responsibly betting on sports.

There are many types of sports betting available to choose from. You can get started by finding a reputable sportsbook and learning the basics of how to bet on sports. With a little practice, you’ll be able to enjoy the excitement and potential winnings that come with sports betting.

Good luck!

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