Sports Betting 101

sports betting

When you are looking to place bets on sports games, you have many options. You can place wagers on over/under or Moneyline games, or you can even place a futures bet. All of these options can be a good way to make some money. However, there are several things you should know before you start betting.

Over/Under betting

Over/Under sports betting is a popular way to wager on a game’s final score. It’s perfect for neutral bettors who have no bias against a particular team or player. It’s also a good option for those with inside information about a particular team or player. There are very few betting opportunities where you can bet on the outcome of the game without having any knowledge about the team.

Moneyline betting

Moneyline betting on sports is a common wager that people place to pick the winner of an event or game. These bets are usually based on the expected performance of the team or player, and the odds change based on news and public betting. Unlike other types of bets, moneyline betting on sports is the most straightforward form of wagering.

Point spreads

In sports betting, point spreads are a type of bet that is often used to predict the outcome of a game. These wagers are different from moneyline bets because the outcome of a spread bet does not necessarily reflect the final result of a game. While moneyline bets involve picking the winning team, point spreads often feature a losing team that could still win the spread. For example, Oklahoma beating Kansas 51-21 would be a major loss for the Sooners, but Kansas would cover the spread.

Futures bets

Futures bets in sports betting involve making wagers on events that will occur in the future. This type of bet can be very lucrative. It is especially popular among casual bettors. You can bet on various future events, such as the outcome of a Super Bowl game. The potential payouts are tremendous, but futures bets also tie up a large portion of your betting account.

Tie bets

Tie bets are wagers that do not produce a winner or a loss. They are more common than losing bets. If the game ends in a tie, the person who placed the bet will get back their stake. Tie bets are also referred to as pushes or mulligans. The result of a tie will not affect the odds of a parlay, however.

Arbitrage betting

Arbitrage betting is a form of sports betting that aims to exploit the inefficiencies in the sports betting market. For example, when different sports bookmakers have different odds for the same game, arbitrage betting will occur, allowing the bettor to make a profit irrespective of the outcome. There are 3 types of bets to make: a straight bet, a combination bet, and an accumulator bet.