10 Types of Sport Bets

Sports betting has become increasingly popular in the last couple of years. It's easier to access sports betting sites, and the use of crypto has made it easy to finance bets from all over the world. Choosing which type of sports bet to use may be somewhat challenging for a new player since there are so many options to choose from.

In this article, we'll discuss some of the most popular sports bets out, how they work, and what kind of odds they provide.

Moneyline Bet

A moneyline bet is the most common type of bet on crypto football betting sites featured on CCN. It's also the simplest one and, therefore, the one that most novice players try out first. With this bet, the player simply chooses which team will win, and if they choose correctly, they will get a payout.

The odds for this bet depend on the chance a team has of winning and can range from certain to very lucrative. As is the case with betting on any sports event, no outcome is certain, and underdogs can often surprise everyone.

Point Spread Bet

Point spread bets are equally common sports bets. The wager is made on the margin of victory. This means that a player not only chooses which team will win but the advantage in points or goals with which they'll win. The favorite needs to win by a set number of points, but the underdog can win or lose within the spread.

These wagers came about to make the matches with a clear favorite more interesting. The odds for such a wager are higher than when simply betting on a favorite to win, providing an incentive for players to wager.

Over/Under Bet

Over/under bets are usually a wager on the overall number of points scored in a match by both teams. The betting site provides a number, and a player chooses if the combined number of points will be over or under said number. A similar wager can be made on any other measurable statistics within a match.

This wager can be the only one a player makes, or it can be used as a side bet. That way, the player bets both on the outcome of the game and on the number of points. The odds and payouts for such a combined wager are much higher than those for a simple moneyline bet.

Parlay Bet

A Parlay bet is a single bet that links together wagers on two or more individual wagers. In order to win – a player must win all bets stringed together in a parlay bet. The potential payout for a parlay bet is much higher than a wager on any individual event.

There's no limit as to how many events the players can wager on within a single parlay bet. The risk becomes greater as more wagers are added. Many sports betting sites also provide a variety of bonuses based on how many wagers are added to the bet.

Teaser Bet

A teaser bet is a type of wager in sports betting, similar to a parlay, but with a crucial difference: the bettor can adjust the point spread or totals in their favor across multiple games. The term "tease" refers to how you "tease" the odds by making it easier for your selections to win. However, this comes at the cost of a lower payout compared to a standard parlay.

Teaser bets can be a great strategy when you believe multiple games will be close but still want a cushion on the spread.

Proposition Bet

A proposition bet is a wager on a specific outcome or event that may happen during the game. For instance, a bet can be made on whether a particular player will score a game or whether a red card will be issued. These events could be suggested by sports betting sites or by players themselves.

The odds on a prop bet are usually very high, but they also depend on the previous outcomes and trends. Proposition bets are often used as side bets that increase the payouts within a parlay bet, but they can be a separate wager.

Future Bets

Future bets are made on the outcome of an event that will happen in the future. For instance, players can place a bet on who will win a tournament before it starts. The same can be done for every possible event in that tournament, such as who the MVP will be. The odds are made based on previous performance.

Since this wager is placed well before the event even starts, the odds for it are much higher than for most bets. It's a lucrative wager but often much more difficult to make than it seems since favorites rarely win tournaments as was planned.

Live/In-Play Bets

Live or in-play bets are the wagers that are made while the game is still in progress. It can be any of the wagers that we've mentioned before. The odds for these wagers change during the game based on the events on the field or in the ring.

It's an exciting and dynamic way to place a wager since the players can follow the game and make split-second decisions. Sports betting sites allow the players to cash out their winnings before the match is over and, therefore, save a portion of their wager or quit while they are ahead.

Handicap Bets

Handicap bets are another wager that's created to make the games with a clear favorite more interesting. One team is given a virtual advantage or disadvantage to even the playing field. The bettor then wagers based on this adjusted scenario.

The odds on this wager are usually higher than usual as the team needs to overcome the handicap so that the wager is successful. The bets can be made on a single match or an event, or they can be a part of a parlay bet.

Round Robin Bet

 A round-robin bet is a versatile and strategic way to bet on multiple outcomes, offering the chance to win even if not all of your picks are correct. It involves creating smaller parlay bets from a larger set of selections. This approach spreads out the risk and provides more chances of a payout.

The best thing about this type of bet is that a player can still win even if a portion of the games they wager on don't come through. It's, therefore, a more balanced bet than parlay, with less risk and, therefore, lower reward.

To Sum Up

Sports betting offers a wide range of options, from simple moneyline bets to complex round-robin wagers. Each type of bet has its own appeal, depending on how much risk and reward you're comfortable with.

New players often start with straightforward bets like moneyline or point spreads, while more experienced players might prefer the excitement of parlays or live betting. Understanding how these bets work can help you make smarter decisions and enjoy the game more. No matter which type of bet you choose, it's important to always bet responsibly and stay informed.