There are countless ways to bet on sports, but they all revolve around making predictions about what will happen during a game or event and placing money on the likelihood that it will.
In order to allow you to place a wager on the side you believe will win, sportsbooks will set odds on these events. This is highly based on the likelihood that they will occur. In doing so, they are essentially taking the opposite position from yours.
Different Ways to Bet on Sports
To understand it better, here are options on how you can place your bet on your fave sports.
1. Spread Bet
Uneven games are made even via spread bets, sometimes known as point spreads. The predicted difference in the ultimate score or outcome determines the point spread for a game. Bettors must determine how much stronger one team is than the other.
2. Moneyline Bet
Making a moneyline bet, you need to pick the winner. Moneylines are determined by the implied likelihood of a particular outcome, such as one side defeating another.
3. Under/Over Bets
The anticipated total number of points, runs, or goals scored by both teams in a game serves as the basis for Over/Under wagers or totals. Bettors can select whether they believe the final score will fall over or under the anticipated total that oddsmakers give to a game.
4. Parlay Bets
The bundling of two or more wagers into a parlay bet results in a potentially higher payout. However, all of the bets in the parlay must be successful for it to win.