There is no question that sports betting is one of the most significant and most common forms of gambling in the world, but there is a range of different ways to generate action by wagering on the games. We will discuss a few types of sports betting in this article.
The most simple bet in sports, the straight bet, is possibly familiar to most sports fans. It is also the most popular wager made by sports bettors, especially in sports such as basketball and football betting in Singapore. A betting line, also known as a point spread, is created, and you can either bet on the favourite and lose the points or bet on the underdog and win the points. In order to cash in, the favourite must win by more than the point spread. To “cover” and win the bet, the underdog must win outright or lose by less than the point spread. In this case, ties are referred to as a “push,” and no money is lost or gained.
Bets on the Total Line
The total line is the second-most common bet in many sports. A number is set for the aggregate final score of both teams in this form of a sports bet, and you then bet on the actual score remaining “under” or going “over” the set number. When it comes to football and basketball, you can always bet on a total line by each half of the game.
A parlay is an act of combining two or more picks into a single wager. It can range from as few as two different picks to the fixed limit of a specific sportsbook (10-12 picks). The betting odds on a parlay payout are adjusted based on the total number of picks combined. They usually begin at a 13-to-5 return in your favour for a two-team parlay and can reach as high as 645-to-1 for a ten-team parlay. The secret to cashing out on a parlay is that all of your picks must win, or the entire parlay is forfeited. Parlays are a high-risk/high-reward sports gamble that is not always suitable for the faint of heart.
A popular way to bet on sports like NASCAR, horse betting, and professional golf is to bet on the head-to-head results between only two competitors. Whoever comes in first place at the end of the race or tournament wins. Sometimes, a money line will be assigned to each player in order to handicap the match. Given how difficult it is to pick an outright winner in such a wide field, this form of bet is very common for sports like these.