Types of Sports Bets Complete Betting Types Guide 2025

All it takes is a goal fest at the end of the game to totally ruin your bet. The above markets are far too influenced by chance, luck, or entice punters into betting on their selections when the chances of winning are absolutely minimal. Many betting markets are simply there as a gimmick to lure punters in – like betting on a player to miss a penalty. The betting odds have a direct correlation to the potential payouts you could receive if your bet wins. There are a few different ways you can calculate the money you could win.

How do betting markets work?

Let’s look at some different strategies for winning with markets. All of the various bet types will be explained on the page with sections covering all of the common bets. The Asian handicap is a popular betting type of bet for football where one of the two teams has advantage over the other. For example, one of the standard handicaps gives a one-goal advantage to the underdogs in a football match.

• Also a type of parlay bet, teasers allow players to increase their chances of winning at the expense of lowering the potential payout.
• The bets listed on most sportsbooks often highlight these options, making them easy to find and place.
• The two most popular types of horse racing bets are future/outright betting and straight moneyline betting.
• One of the most important — and often misunderstood — aspects of sports betting is line movement.
• You aren’t limited to just betting on the moneyline or the spread.

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Even though some online bookmakers offer thousands of betting options, there are cases where punters can’t find what they want. That’s the reason why some iGaming operators offer a request a bet feature that lets you contact the bookie and ask it to provide you with odds for a specific market. It allows you to settle a bet and receive a certain amount of money before the event is over. The money you can get depends on how likely it is to predict the bet. Although betting on a single market is easy, the odds are often not as high as some think. Therefore, Multiples is one of the leading types of bet in football and a couple of other sports.

For example, a three-leg parlay, including an NFL selection, UFC bet, and boxing fight winner bet, can be combined at most sportsbooks. The moneyline bet type is among the three most popular when NFL betting alongside the points spread and points total (over/under). The Super Bowl is a good example of how having hundreds of different types of sports bets can become overwhelming for bettors. As previously outlined, the vast markets can also be viewed as a positive, but in most cases, it can actually be pretty daunting. Many times, sportsbooks will add a “.5” to the end of a totals bet or spread bet. This is to prevent a “push,” where a team wins by the exact spread total or over/under total.

Betting straight on the moneyline or spread is generally perceived as the most straightforward bet type and, therefore, the best. These are generally favored over multi-leg bets, such as parlays with the betting intelligentsia. Prop bets are also seen as one of the best bet types due to their lucrative odds, for the most part. Racing bettors add multiple selections to an accumulator/parlay to enhance their potential winnings.

In this case, the Bears are expected to lose by 14 points or so. Oddsmakers give the Bears 14 “extra” points to add to their total. In order for that bet to pay out, the Bears must either win or lose by fewer than 14 points. A final score of Bears 21-Buccaneers 27 would mean the Bears covered the spread. With the additional 14 points allotted by the point spread, they would’ve beat the Bucs.

The standard betting line is used as a reference point for anybody placing wagers on the event and can also be used to calculate the potential payout based on the stake and the odds. Getting to grips with how American betting lines work is essential if you want to make a success of sports betting, especially if you want to bet on football and basketball. This guide goes through how sports betting lines work, including how to read lines for the most common bet types.

Note that there are also, three-line moneyline bets in sports like soccer and hockey that allow you to also choose among either team to win or the game to end in a tie. For boxing and MMA, this means betting on the total number of rounds. gullybet Boxing and UFC are also popular sports for prop bets, such as how many knockdowns there will be in a fight.

This is when bettors get to pick two of the three potential outcomes in a game like soccer, where ties are in play. So bettors can pick Team A and a tie, Team B and a tie, or Team A and Team B as their two potential outcomes. The most profitable betting markets are likely bets placed on the Over/Under line. There is a more advanced type of bet called a “Flag Bet” which is for more advanced punters.