If you are a sports betting enthusiast and want to get a quick reminder what each bet type means, then you have come to the right place. Here you will find different types of sports bets in a quick and concise way, it should leave you with a basic understanding of the most common bet types.
Money Line Bet
Simply bets made to a team for certain odds. You bet on the other team and if your team wins, you win. As simple as it gets.
Point Spread Bet
The other team gets a handicap in form of points or goals, for example LA Lakers -10 at Portland Trailblazers +10 - Unless Lakers win by more than 10 points, Trailblazers win due to the handicap. One form of point spread is asian handicap. read more
Totals Bet (Over/Under)
Totals, or overs/unders as it’s often called, it’s a form of betting where instead of betting for the winner, the total amount of goals it bet, for example in soccer over or under 2.5 goals - of course with varying odds this can be found on other goal amounts as well. Very common bet type in all different sports.
Special kinds of bets, often offered in big matches. You are betting on very specific events. Basically this covers any bet that doesn’t fit in other categories. Super bowl is one of the biggest events offering prop bets on all kinds of levels. From a simple pregame coin toss to will the final score be odd or even. Prop bets are usually found for all major sports as well on all major USA sportsbooks.
Point Buying Bet
Rarer type of betting where the bettor “buys” points for the team he wants to wager on by giving up profitability of the bet. You can read more about buying a point in sports betting.
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Combination of multiple results in one bet; for example, the bettor wagers for the wins of 6 teams on 6 different matches - all of the bets must hit for bettor to win, but odds are usually big. There’s two forms of this.
First one has fixed odds and point spreads, so the odds are always same and depend on the amount of teams you bet on. In the other type the matches are money line, so the odds are combinations of odds of separate bets. Can be also called multiples. While odds on these are usually good, it’s not a profitable form of betting. read more
Similar to parlays in terms that all of the teams in the bet must win for it to win. The difference is that the point spread can be moved to either direction.
That’s some of the more major forms of bets. Of course with the increasing competition and amount of betting offered online, there’s much more different types of bets available for every taste.
2021 NFL Football Season