Most betting sites offer players a variety of betting markets and bet types. If you are new to sports betting, these options can be somewhat overwhelming. Some bet types are easy to understand, while some can be more difficult. But with a little reading, you can understand how they work. Here are some common types of sports bets explained.
Moneyline bets are pretty much the simplest types of bets you can find on a betting site. They are quite popular amongst sports bettors, considering that you only need to place a bet on the team which you think will win. In some sports, such as football, you can have the draw option.
Handicap bets are popular amongst experienced bettors. Ideally, the favourite team is placed under a handicap situation, while the underdog starts with a positive result. When placing a handicap bet for a match between Liverpool and Barcelona, for instance, you might give Barcelona a goal advantage at the expense of Liverpool to increase the odds. Liverpool has to win by at least two goals for you to win the bet.
Prop bets are also known as specials. These bets are mostly placed for fun, considering that they cover events which do not have a direct impact on the outcome of the match. For instance, you can be on who will get the first corner, number of corners, or first scorer.
Outright bets have nothing to do with the events of a match. Here, the bettor focuses on the individual or team which has the best odds of winning the competition. What matters most to you, is the best player or team, and back them until they are crowned champions.
Sports bettors are served with more than enough betting options. Understanding different bet types and the dynamics involved in the sport is critical to success in sports betting.