There’s no doubt that sports betting is one of the most prominent and popular forms of gambling in the world, yet there are a number of different ways to bet on games.
The different kinds of sports bets
There are multiple ways of betting which is one of the reasons why sports betting has become so popular. Whether you’re a novice or a professional gambler everyone can find the type of bet that’s right for them:
The so-called “single” bet
A single bet may be a winner or loser depending on the outcome of the chosen event. The person who places the wager must decide the sum of money that they wish to bet, then the more the stakes are raised, the greater the potential amount to be won. If the selection is a winner, the bet is multiplied by the odds (fractions) in order to determine the profit, and the profit and the bet are returned to the client. Bookmakers offer higher odds on the selections that they believe are less likely to win.
The combined bet
A combined bet is one in which the punter must predict several outcomes simultaneously. If at least one outcome of a combined bet is incorrectly predicted, the whole combined bet is lost. By multiplying all the odds of events included in a combined bet, you get the total odds of the combined bet.
The live bet
These refer to bets placed on a game that’s already in progress but has not yet been completed. Most of the time, sports bets post scores during breaks in the game such as during commercial announcements and down time, or between periods, innings and quarters.
The so-called “double chance” bet
A double chance bet allows you to cover two or three possible outcomes of a football game with one bet. The home team and a tie game – your bet is a winner if the home team wins or draws the match. The visiting team and tie game – your bet is a winner if the visiting team wins or draws the match.
The “over/under “ bet
The “total” in a given sporting event is the final combined score of the two teams. The total of these games is an amount that is defined by those placing the bets depending on the way that they consider that a game is played out in terms of the odds. For the “over/under” bet, punters must predict whether or not the final score will be HIGHER than the fixed total or UNDER the fixed total.
There are also other kinds of very popular bets like the “correct score”, so-called “mid-point/end of the game” bets (or half-time/full-time), so-called “winner” or “placed” bets and handicap bets. To begin betting properly and to understand the betting system, first start by familiarizing yourself with each one of these two before determining the kind of bet that suits you best.