In sports betting, the probability of an outcome is a key element to consider. For example, if you bet on the underdog, you’re more likely to win, since the odds favor the underdog. However, you’ll also be exposed to more risk. The reward, however, will be much greater. In general, odds for most sports are low, while those for high-risk events are usually higher.
Other betting options include betting on totals. The popular “over-under” wager is one example of this. In football, the Over bet, for instance, would mean that the Seahawks would win if the Rams scored 42.5 points. Futures betting is also a great way to bet on sports, since it’s based on events that will take place in the future.
Parlays are another betting option. Unlike straight bets, parlays pay out more money than a single wager, but they’re more difficult to hit. A teaser, on the other hand, gives the bettor an advantage by selecting two or more teams with the same points. If all of your picks win, you win.
Another way to bet on sports is spread betting. This type of betting is used to even out unbalanced games. The point spread is the difference between expected scores for two teams. You place your bet on a favorite or underdog, and most betting institutions have a handicap for the two teams. If you are betting on a team and the point spread is low, you want to bet on the underdog.