Betting is performed through Sportsbooks (US) or Bookmakers (UK) entities that accept bets. You can bet on the outcome of several sports, such as for example; Baseball betting, Basketball betting, Football betting, Tennis betting, Hockey betting, Snooker and Soccer betting games.
To place a sport bet, you go to a sportsbook, physical or online. You could also bet on the phone with many sportsbooks. Note that a sports book or sportsbook isn't the same as an oddsmaker. The sportsbook simply accepts sports bets. An oddsmaker is a one who sets the sports betting odds.
You need to state what you are betting on by making a selection, the type of bet and the amount you are wagering. Your selection will obviously depend on the odds offered, so you would want to examine the range of odds available before you make a decision.
There are many types of bets it is possible to place. Some sportsbooks may offer more betting varieties and combinations than others. Below is a list of the more common types of bets.
Straight bet or Single.
Here is the simplest & most common bet. You bet on successful at given odds.
Point Spread.
This bet enables you to bet on successful from two selections who've been made equal by allocating appropriate points to the underdog team. THE IDEA Spread is the number of points allocated and is shown with a + sign for the favorite and a - sign for the underdog. The favorite must win by a lot more than the Point Spread that you can win; otherwise you lose your bet even if the team wins. Inversely, in the event that you bet for the underdog, that team must lose by less than the Point Spread that you can win. If the favourite wins by the precise Point Spread, then it is a push or perhaps a tie. You get your bet back. To eliminate a tie result, the oddsmakers sometimes add a half point spread. Since scores use full numbers only, one team must win outright.
Buy Points.
Also, to buy TIPS. Move the Point Spread favorably at a cost.
The Money line.
This establishes the odds for every team but inversely proportional from what is a Point Spread, and is indicated by a + for the underdog and a - sign for the favourite. Say team A is favorite and quoted at -180 and B is the underdog at + 120. The bets offered would be 10:18 odds-on for the favorite, and 12:10 for the underdog. For every $180 you bet on A you'll win $100 or lose $180, but for every $100 you bet on B you'll win $120 or lose $100.
Total.
A bet for the number of points scored in the overall game by both teams combined, including points scored in overtime.
Over/Under.
A bet that the combined number of points scored by both teams in the game will be Over or Under the total set by the oddsmaker.
Parlay or Accumulator.
A multiple bet. Some sort of 'let-it-ride' bet. Making simultaneous selections on two or more games with the intent of pressing the winnings of the initial win on the bet of the following game selected, and so forth. All of the selections made must win that you should win the parlay. If a game is really a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.
Teaser.
It is such as a parlay, but with the choice to add or subtract points (called 'moving the line') from one or more Spread bets. When betting a teaser additional points are either put into the underdog or subtracted from the favorite. The odds vary based on the amount of points the spread is moved and the number of teams combined to form the teaser. As in the parlay, all selections must win for the teaser to win. Teasers odds are usually worse than the parlays.
If-wager.
A bet which allows the bettor to generate a second wager, up to the same amount, pending a win on the first selection.
Open Wager.
Open wagers permit the bettor to play teasers or parlays creating a selection at different times and also different days.
Future.
A bet on another event. At 123win casino of every season, the sportsbooks give out odds for teams to win a particular championship. The odds change as the game date approaches and generally get shorter, but if you win you get paid at the initial odds that you took. This is possibly just about the most profitable bets should you have considerable knowledge of the activity you are betting on like the players, and an excellent sense of judgment.
Exotic Bets.
Betting on unusual events. Some sportsbooks post odds and take bets on a wide selection of other sports related events and activities. Several others will need bets on just about anything you can think of.
Proposition Bet or Prop Bet.
An offer of bets at odds and conditions chosen by the sportsbook, usually on 'Exotic' bets.