With the right sports bet options and if sports betting is done properly this can be very rewarding. Knowing the various Sports Bet Options and how they work is crucial in becoming a successful sports bettor.
Understanding your sports bet options can mean the difference between losing wagers and the size of your wins. If you like betting a lot, this article can help you, whether you like betting on cricket or some other forms of betting, we can give you the best information in regarding to betting.
Here are a few examples of the most popular sports betting options available through trustworthy online Sportsbooks.
Straight Bets Sports Bet Options
Straight bets are probably the most popular bets placed on a sporting event. The odds for straight bets are –110 unless specified otherwise. At –110 odds you would have to bet $110 to win $100.
For sports involving point spreads like football or basketball the team you wager on has to win by the point spread that was given at the time you placed the bet. If the number is + then you will add this number to your teams final score and if the number is – the you would subtract this from your teams score. The team with the higher score after the point have been applied is the winner. If the game ties this is considered “no action” and your wager is returned to your account.
Money Line Bets Sports Bet Options
For sports that don’t involve a point spread like baseball or boxing the money line will determine the payoff. If the money line were –125 then a wager of $125 would win a $100 bet. If the money line were +125 then you would wager $100 to win $125.
When placing a money line bet enter the amount of money you want to win on the favourite or “negative”. When betting on the underdog or “positive” enter the amount of money you want to risk.
Totals
When placing a sports bet on totals, involves wagering on whether the total points scored in a game will be higher or lower than the posted total. Payoffs for a winner are generally $100 for a $110 bet unless otherwise posted. If you bet $110 Over with the game total set at 55 and the combined score is over 55 you would win $100. If the total is 55 or equal your wager is returned to your account and if the total is less than 55 you lose the wager.
Parlays
This is a group of straight bets combined into one bet, which greatly increases your payout and changes depending on the amount of teams in your parlay. All teams wagered on in a parlay must win in order to be successful.
If one team in your parlay loses your wager is lost. Should one of your team tie you would revert to the next lowest number for payout.
Odds in a parlay increase with the number of teams you include with odds ranging from 2-1 to 2000-1 or even higher depending on the bookmaker. With higher odds comes higher risk, so ensure you know the sport well and bet wisely.
Teasers
A teaser is a group of straight bets and/or totals combined into one bet. The difference between a parlay and a teaser is that with a teaser, the line you bet against for each individual wager is moved to your favour by the number of points of the teaser. If the regular line is -10 and you have a 6-point teaser, then your line would be -4.
As with a parlay, all of the individual teams need to win for the teaser to be a winner.
Teaser wager payoffs depend on how many teams are selected and how many points are given to each team.
If there is a tie in one or more of your teaser’s individual parts, then the wager steps down to the next lower number of teams.
There are different variations of sports bet teasers depending on the Sportsbook. Several of these variations are:
- Ties Win Teasers – All ties are treated as winning selections. If one or more of the games are ties, those selections count as winning picks. Even if all of the games are ties, all those ties are considered winners in “Ties Win Teasers”.
- Ties Lose Teaser – Any tie is treated as a losing selection.
Futures and Prop Betting
Future wagers are based on the outcome of future events, like who will win the World Series or the Stanley Cup. There are no payouts until the conclusion of the event you have wagered on. Odds on future events change almost daily but the odds for your wager do not change, they remain at the percentage they were at when you placed your bet.
Prop Betting is basically a bet on anything other than the final outcome of a game. It can be a bet similar to the over/under bet in the first period of a game. But there are actually hundreds of Prop betting options. These would include bets like which team or player will score the first goal or who will win the coin toss at the Super Bowl. Sports bet Prop Betting is very popular and every Sportsbook has unique prop betting options particularly during major events like the World Series or the Super Bowl.
