Sports Betting 101 – Understanding the Different Types of Bets

Before you place your first sports wager, it’s important to understand the different types of bets that are available. There are a variety of options to choose from, including moneylines, spreads and parlays. You can also make bets on individual team or player performance in a game, or even place bets that relate to unique aspects of a sporting event.

The most basic type of bet is a straight bet, which is simply placing a bet on a particular outcome in a game. If you pick the winning team, you will receive payment. This is one of the most popular types of bets and can be a great way to add more excitement to your sports viewing experience.

Spread bets, or point spreads, are a form of handicapping that oddsmakers use to even out the playing field between two teams when they’re expected to win by a wide margin. The point spread is calculated by determining how many points the favorite should win by and subtracting that number from the total score of the underdog team. The resulting number is then divided by the amount of money wagered on each side to determine how much you can expect to win from a bet.

When it comes to making a successful sports betting wager, you should always remember that you’re not smarter than the market. As such, you should be objective when it comes to making your decisions and avoid betting on teams or players simply because they’re your favorites. Instead, focus on the numbers and the unique circumstances surrounding each game and you’ll be a lot more likely to come out ahead.

Over/under bets are another type of bet that focuses on the total amount of points, goals and so on that will be scored in a game. When it comes to betting on over/unders, it’s a good idea to keep in mind the old saying: “It’s never over until it’s over.”

Futures bets are similar to straight bets but are placed on events that will take place in the future. These bets can include betting on a team to win the World Series; a country to win soccer’s World Cup; or a golfer to win the Masters tournament. Futures bets tend to offer better odds and larger payouts than straight bets.