There’s no doubt that betting on sports is among the most popular forms of gambling worldwide. There are so many different types of bets you can make in sports. You can bet on a lot more than just the winner of a race, game, or match.
For instance, you can bet on the margin of victory and the total number of points scored, among various other things.
Whether you’re new to online sports betting or just someone looking for a little refresher, this blog is going to walk you through the most popular types of sports bets you need to learn about to help you make informed decisions while placing your bets.
Money Line Bets
Money line betting is the simplest of sports wagers. This is a bet placed on who will win a selected match, game, or race. The points or the margin by which the team wins is secondary. The primary concern is the team or person you selected wins the contest.
However, it is important to note that not all money line bets will win you a similar amount of profit for the right pick. The amount you have to bet to pick the favorite versus the amount you can make if you pick the underdog is what’s at stake during this type of sports bet.
Point Spread Bets
In a point spread bet, you bet on the team’s margin of victory rather than the final result. A favorite is elected by a minus symbol, while an underdog is elected by a plus symbol.
For example, if a team is marked at -7.5, they must claim victory by more than 7.5 points. And the opposing team will be marked at +7.5, meaning whether they win the game outright or lose by more than 7.5 points.
Total Line Bets
Another popular sports bet option, a combined total score of both teams, is set in this type of bet. You then proceed on placing the actual bet going over or staying under the total score that has been set.
For example, in a football game, the total point is fixed at 45.5. At the end of the match, if the score for team A is 17 and team B is 21, then the combined score was only 38. That’s less than the set points. Hence, the under is the winning bet.
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