Sports betting is a fast-growing industry with plenty of potential for big winnings. But there’s a learning curve for new bettors, especially when it comes to the different types of sports wagers. This article will explain some of the most popular bet types and offer a few simple strategies that you can use to boost your bankroll.
Moneyline Bets
A moneyline bet is a simple wager on which team will win a game. The payout for a winning bet depends on the amount wagered and the odds offered by the sportsbook. The odds are expressed as a ratio, such as 1:1 or 2:1, and indicate how much you stand to win if your bet is successful. Odds are typically posted for individual teams and games. The higher the odds, the more likely a team will win, while the lower the odds, the more difficult it is to beat the spread.
Point Spread Bets
A point spread is the number of points in a game that a favored team must win by to cover the spread. The odds are determined by the probability that a given team will win based on previous game results, player injuries and current form. Point spreads are often offered at odds of 11 to 10 (meaning you must bet $11 to win $10). Whether or not a point spread is worth placing a bet on depends on the level of risk you’re willing to take.
Over/Under Bets
Over/Under bets are a great way to add some excitement to your sports betting experience. In a Over/Under bet, you’re predicting if the two teams in a game will combine for more (Over) or fewer (Under) runs, goals or points than the total amount posted by the sportsbook. For example, if the Los Angeles Rams and Seattle Seahawks have a combined total of 42.5 points, and you think they will play a close defensive battle, then you would place a bet on the Over.
Round Robin Bets
A round robin is a type of parlay that contains three or more 2-team bets. It’s one of the most common ways to bet on multiple teams, and it can lead to bigger payouts if all of your picks win. It’s important to study the rosters and past performances of each team before placing a round robin bet, but don’t let that get in the way of having fun and boosting your bankroll!
Betting On Soccer
Though soccer hasn’t caught on in the United States as it has in other parts of the world, this sport offers some of the best odds for sports betting. In fact, some of the biggest sports betting wins in history have come from soccer bets! With a little research, it’s easy to see why: soccer is free-flowing and has few stops, meaning that each goal counts as one point. With this knowledge, it’s possible to bet on a wide variety of outcomes, including outright winners and end-of-game scorelines.