When most people think of sports betting, they think of straight bets, where you simply pick the winner of a game. But the types of bets don’t stop there. In addition to traditional games, you can also place futures bets on the individual player awards and team championships. Listed below are some of the most common types of bets. To make your selection easier, read on!
The straight bet is perhaps the most straightforward type of bet. You predict which team will win and cover a certain amount of points set by the sportsbook. The sportsbook will then present the odds as either higher or lower than the total. You may bet more on the underdog than the favorite. In either case, you aren’t necessarily betting on the outcome of the game. Ultimately, this means that you have less emotional investment in a specific team or player.
A teaser bet is a parlay with a twist. Like a parlay, a teaser bet involves grouping two or more picks and tweaking the point spreads in their favor. The payout is slightly lower, but it’s much easier to hit if you have more than one bet on a certain team. For example, a straight-up three-team parlay pays six times the odds of winning, while a teaser pays just two times that.
Futures bets are an investment option that you may want to consider. This type of bet is generally made before a game starts. In addition to selecting the winner, you can also place a bet on which player will win the MVP award, the league championship, the total number of games a team will win, or even a certain player’s performance. If you are confident that a team will win the title, a futures bet might be worth looking into.
Parlays are a great way to increase your odds of winning. Parlays can include up to 10 or 12 different selections, and the payout odds increase exponentially. Parlays are great for people who like high odds on multiple outcomes. Parlay odds are calculated by multiplying the odds of each selection in a parlay by the stake. When the parlay loses, the entire bet is lost. It’s important to note that parlays are more complicated than they look. Practice will teach you how to place these bets and win big.
Horse racing betting is a popular bet type that can be both simple and complicated. Horse races are held throughout the year in the United States, including the Triple Crown races. Horse races can range from show to win, with the latter being particularly popular. Other bet types include horse racing, auto racing, and ice hockey. In addition to horse racing, you can also place bets on horse races, such as the Kentucky Derby. You can even bet on the winner of several races in a row.