Different Types Of Sports Gambling Wagers

Sports gambling may seem somewhat complicated to those who are new to it.  One can make many types of wagers, and they all have unique terms that can further confuse a novice player.

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  gambling guide will help the players understand different wagers and their names.  We will explain what kind of wagers can be made, the odds associated with them, and what sports they can use.  It’s also possible for players to combine different types of wagers and benefit from such an approach.

Moneyline Wager

 Moneyline wager is the simplest type of wager a player can make.  It’s usually the one that most novice players make as it’s easy to understand, choose, make, and follow through.  Simply put, the players choose which team or player will win the game outright.

If they choose correctly, they win the wager; if they do not, they lose.  The amount they can potentially win depends on the odds of the selected outcome coming to fruition.  If you’re new to the world of sports gambling, these should be types of wagers to start with and get the feeling for how it works.

Point Spread

 Point spread is a somewhat more complicated wager than moneyball, but it has many interesting uses.  Wagering on a point spread bet allows the players to make wagers on games in which the winner is pretty obvious.

The players choose which team will win but also by how many points.  For example, in a Lakers vs. Nuggets game, the Lakers are the underdog.  As the Lakers are the underdog, they are +6.5 on the spread, while the Nuggets are -6.5.  This means that the Lakers can lose by as many as six points, and you win your bet on Los Angeles.

Total

A total wager is another simply enough wager that even novice players can understand right away.  The total refers to the total number of points that will be achieved during the game.  It counts the points made by both teams.  It mostly comes in an over/under wager, where players choose if the total number of points will be over or under a certain number.

A great thing about this type of wager is that it can be used for any sport with a point system and for any other metric that can be measured.

Parlay Wager

 Parlay isn’t really a separate type of wager but a mixture of different types.  With a parlay wager, the players select several different outcomes and only win if all of the outcomes come to fruition.  For instance, a player can wager on two different matches, and if they both turn out their way, they win.

It’s a more risky way to gamble since if only one of the matches doesn’t go your way, you end up losing, but the odds are also better, and the winnings are much higher.  A skilled player balances the odds from different matches to increase their chances.

Same-Match Parlay

  Same-match parlays are parlay wagers made within the same match.  This means that there’s more than one wager, and you need to win all of them in order to get paid, just as with the parlay wager we’ve mentioned.  However, all of the wagers need to be about the same match.

For instance, you can choose which team will win, how many points will be scored during the match, and how many points a single team will score.  You only win if all of the parlay wagers end up your way and the same rules with more risk- more reward apply.

Round Robin

 Round Robin is similar to parlay wager in terms of how it operates.  The wagers are made on a few events at once.  With a round-robin, you are able to combine a number of betting selections into a number of individual parlays.  The benefit of this approach is the mitigating of risks involved.  For instance, in a four-team round-robin, if you bet a four-team parlay alone, you lose your money if one of the four teams loses.  In contrast, with a round-robin, you would still gain from three of the four selections hitting.

The downside of round robin is that sometimes the combination of wagers you’ve made this way may bring you less than a straight parlay wager.

Prop Wager

A prop wager is a proposition wager, meaning that the player can make a wager on any event, match, or outcome they propose to the gambling site if it’s not already available.  If you notice that there’s a statistic that can serve as a straight outcome, you can suggest it to the site, and the odds will be drawn up.

The number of such wagers is getting lower all the time, as most sites have a huge variety of wagers available.

Over and Under

 Over or under-wagers are common for events with a clear numerical representation.  The concept of the wager is enough; the players pick if the score will be over or under a specific number, and they win if they are right.

It doesn’t need to be a wager on the score itself, and the same wager can be made on any other statistic, such as the number of fouls, assists, and anything else that can end up being over or under a certain number.  Many players use this wager as a part of a larger parlay wager.

Futures

 Futures are long-term predictions that you can wager on.  They can involve a team or a player, and a clearly defined outcome needs to be defined.  For instance, this is the most common futures wager out there – players can choose who will win a tournament before it starts.

The odds for such long-term wagers are very high as they are made well ahead of time.  The winnings made from such a wager are also very large.  It’s usually the tournaments that come up with the list of favorites.  Based on this list, the odds are assigned.

Live Wagers

 Live wagers aren’t a specific type of wager as the others on our list.  Instead, live wagers are made while the event is ongoing, and the odds change in real-time.  Every wager we’ve mentioned on our list can be live if the players place it in real-time and before the game or a match is completed.

Players can benefit from live wagers by using a cashback bonus, meaning that they withdraw from the wager while looking good and before the match ends.

Conclusion

 There are many different ways to predict the outcome of sports events.  The players need to learn about all the options available to them before they place wagers.  Some of the options on our list are simple, and any player can make them even if they don’t know much about the statistics or the sport itself.  Others are complex and better suited to experienced players.

The general rule of thumb is that the rewards are higher if the wager is risky.  The whole point of gambling on sports events is to find a balance between the risks and rewards.  All of the wagers we mentioned can be combined to achieve maximum effect.