The most Popular Types of Sport Betting

A bet means a certain amount of money that a client of a bookmaker office places on a certain event. It seems that everything is simple here – players allocate part of their bankroll, chose a suitable match and then can safely make a bet. But in fact, a newcomer to the world of betting is faced with the fact that bookmakers offer a huge number of betting options. As a result, it’s not easy to find one among them. Let’s analyze the main types of bets in a betting shop. Then it will be much easier to navigate in betting.

Simple single bets

Considering the types of bets in betting shops, first of all we will stop on the most popular of them – ordinars. Most bettors stop on it. Why? It’s much easier to predict such bets – ordinars suggest betting on one of the outcomes. In case of a correct forecast, the sum is multiplied by the odds set for such a bet.

To better understand the types of bets on sports in bookmakers, for each type we will give an example. Let’s start with ordinars. If we’re talking about events where there are three possible outcomes: a draw, a victory of the first or second team, for example, in football, then a bettor should choose one of these options. After that, he or she makes a bet on it and waits for a match to end. Let’s say that the outcome was chosen – the victory of the first team with the odds of 1.2 and $10 was put. If such a bet is played, a player will receive a payout of $12.

Double chance bets

We will continue to consider the types of bets on sports, and now we will stop on “double chance”. This option includes two outcomes of one sporting event at once. So, the probability that such a bet will be successful increases. After all, if one of the outcomes in a bet double chance will play, you’re guaranteed to receive a win. Let’s look at a concrete example:

• victory of the first team and a draw – 1.02;
• victory of the second or first team – 1.11;
• victory of the second team or a draw – 4.7.

Here the options for betting “double chance” are offered by a bookmaker. A player chooses the second bet and bets 10 dollars. If one of the teams wins, then he or she will receive winnings of $11.1. If a match ends in a draw, then he or she will lose the money put. Note that on such types of bets as “double chance” bookmakers offer the minimum odds. This trend is understandable, since it’s much easier to forecast here.

Handicap bets

Considering the types of bets on sports, it’s necessary to stop at a handicap. This variant of a bet provides for equalizing the forces of the teams. Why? First, betting shops introduce variety in types of bets. Secondly, they equalize the cash flows from bettors to bet on certain matches.

When is a handicap there? For example, when meeting an absolute leader and a complete outsider. In this case, fans have no doubt that a winner will win. However, they’re guessing, with which score a match will end. As a result, bookmakers expose odds, which are always minus on a clear leader and plus on an outsider.

Let’s look at example by choosing the best sport for betting – football. For an upcoming match, bookmakers offer the odds of 1.97 with the handicap -2.0 for the first team, and for the second – 1.83 with the handicap +2.0. To make the first bet, it’s necessary that a favorite scored three goals more than an outsider. In the second case, the bet will bring profit if a weak team won’t score more than one goal.

Total bets

What other types of bets are there? Totals are very popular among players. Here is betting on how many goals will be scored in an upcoming event. In this case, there is no need to predict the exact number. Bookmaker simply offers “total over” and “total under”, and you choose one of the options.

To better understand these types of bets on sports, let’s take an example. Let’s suppose, for an upcoming football match, a bookmaker offers the following bets: total Over 2.25 and total Under 2.25 with the odds of 1.8. A bettor decided to choose the first option. If within a match 3 or more goals are scored, the bet will play; if less, then you will be left without money. Betting on total Under, to get a win you need 2 or less goals to be scored within a match.

Express bet

We will continue to consider the types of bets in bookmakers, now we will stop on express. They’re in demand among bettors, since they allow you to get a weighty win at minimum bets. What is express? It’s a combination of ordinar bets. Accordingly, when a player decided to bet on several outcomes that aren’t related, then he or she can combine them into express and make one common bet.

Why to do this? When bets are combined into expresses, then their odds multiply among themselves. In the end, if all the outcomes are predicted correctly, you will be able to get much larger winnings than with ordinary odds. Let’s give an example where express included three outcomes:

• victory of Manchester City – 1.2.
• victory of Everton – 1.5.
• victory of Stoke – 1.3.

If a player bets $100 on express and it plays, he or she will receive a prize of $234. If the ordinars were made for $100 (33 for each event), then the total payout would be only $117 – the difference would be substantial. That’s why players often choose the most predictable sport for betting and make express. As a result, betting turns into a profitable action.

System-Parlays

Considering the types of sports betting, the system deserves special attention. It’s a modified express or expresses in combination – everyone chooses explanation themselves. Let’s look at example. A player decided to choose the following outcomes for bets:

• Manchester wins against Liverpool – 2.10.
• Dynamo wins against Odessa – 1.32.
• Chelsea and Arsenal will end up in a draw – 3.4.

Based on these events, a player composes three express. The first express includes two outcomes: the victories of the clubs Manchester and Dynamo; the second one: the victory of Manchester and the draw of Chelsea and Arsenal; the third one: the victory of Dynamo and the draw of Chelsea and Arsenal. All these expresses form a system. However, if one of the selected outcomes doesn’t play, then the system will remain working and bring a win if other forecasts in expresses prove successful.