Your selection will obviously depend on the odds offered, so you will want to examine the range of odds available before you make a decision. There are many types of bets you can 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. This is the simplest and most common bet. You bet on a winner at given odds. Point Spread. This bet lets you bet on a winner from two selections who have been made equal by allocating appropriate points to the underdog team.
The favorite has to win by more than the Point Spread for you to win, otherwise you lose your bet even if the team wins. Inversely, if you bet for the underdog, that team has to lose by less than the Point Spread for you to win. If the favorite wins by the exact Point Spread, then it is a push or a tie.
You get your bet back. To eliminate a tie result, the oddsmakers sometimes include a half point spread. Since scores use full numbers only, one team has to win outright. Buy Points. Also, to buy Key Points. Move the Point Spread favorably at a price.
The Moneyline. The bets offered would be odds-on for the favorite, and for the underdog. A bet for the number of points scored in the game by both teams combined, including points scored in overtime. A bet that the combined number of points scored by the two teams in the game will be Over or Under the total set by the oddsmaker.
Parlay or Accumulator. A multiple bet. A kind of 'let-it-ride' bet. Making simultaneous selections on two or more games with the intent of pressing the winnings of the first win on the bet of the following game selected, and so on. All the selections made must win for you to win the parlay. If a game is 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. It is like a parlay, but with the option to add or subtract points called 'moving the line' from one or more Spread bets. When betting a teaser additional points are either added to the underdog or subtracted from the favorite.
The odds vary according to the number of points the spread is moved and the number of teams combined to form the teaser. Multi-bets, Parlays, Teasers. Whatever you like to call them, do not bet them. Sure they offer the promise of the big score, the big pay day, but in terms of value, they are terrible. Stick with single bets and think long term.
It would be great to get rich quick, but its not going to happen. Think long term. If you want to make money, you need to start with a betting bankroll capable of absorbing potential losses. Sounds small time I know and you want to be a high roller as soon as possible. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.
This is the first in a series of articles on the 7 golden rules, first, an overview. Understand the concept of value This is the first and most critical factor! Learn how the bookmakers set the odds This depends upon the popularity of the event, but in general, bookmaker odds will be more a reflection of what they expect the general public to play, rather than on the actual probabilities of either outcome.
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