Types of Sports Betting


Sports betting is a fun way to add an extra level of excitement to a game. The opportunity to win money by guessing a game’s outcome has led to 13 billion dollars being bet legally in the US in 2019. There are a variety of options when it comes to sports betting, so you’re sure to find something that fits your style.

One of the most common types of bets is a moneyline bet. In this type of wager, the bookmaker sets odds on a team or player, indicating whether they are favored or underdog.

Betting on the underdog has a higher risk, but can pay out more if the underdog wins. However, if you bet on the favorite, you can expect to get back less.

Another bet that’s common is the point spread. Point spreads are assigned based on the difference in the expected final score. For example, if the Rams are a favorite to beat the Super Bowl, they’ll be assigned a negative value in the spread.

If the underdog has the edge, it’s called a push. Conversely, a pick is a game that’s perceived as even.

Another option is a parlay, which is when you combine multiple outcomes into one bet. For example, a parlay can be made with two teams with odds of six to one. You’d then receive six to one odds for winning, plus six to one odds for the other part.

Other common bets are over/under and spreads. An over/under wager is typically found on pro football, but can also be found on pro basketball and major league baseball. It’s formulated from the projected total number of runs, goals, or points.