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SPORTS BETTING EXPLAINED – TYPES OF SPORTS WAGERS

Are you interested in the different kinds of betting on sports? Read William Hill’s guide on betting on sports, covering all essential subjects and terms. Find out the most popular forms of betting options, such as parlays, teaser bets, prop bets, and the real need to know about betting on sports.

Parlay – What is a Parlay Bet?

Parlay is a bet that connects two or more wagers. For the parlay to succeed, the player must win all wagers within the parlay. If the player loses a single bet, it will forfeit the whole bet. However, should the player win all bets placed within the parlay, he receives more than if he had placed each bet separately.

What is a Straight Bet

Straight bets are individual bets placed on a game or other event determined by a point spread or a money line.

Futures Betting

A futures bet is a bet that is placed upon an event, usually further from the present, for example, which team will be the winner of the next pro football championship game or the pro hockey series.

Propositions – Prop Bets

Prop betting, also known as “prop” bets, focus on the outcome of the game’s events. Props are typically available on marquee events with great significance. They include Monday and Sunday night football matches, numerous high-profile college football matches, major bowl games in the college league and championship and playoff games. One illustration of prop betting would be, “Which team will score the first touchdown?”

Teaser Bet

A teaser can be described as a basketball or football bet where additional points modify the spread in the player’s favour on more than one occasion. In football, the player can shift the point spread posted by 6, 6.5, 7, 10, or fourteen points (10 and 14 point teasers tie lose). The 4, 5 and 6 point teasers on Sports betting are offered in basketball.

Round Robin Bet

Round robins are an arrangement of parlays. For instance, the round-robin of three teams is comprised of three parlays for two teams (A + B, A + C, and B and C).

Point Spread

The most well-known sports bets are dependent on points spread. The point spread is the spread of points that the favourite team has to win the game in order the amount necessary to “cover the spread.” Bets on the spread typically come at odds of 11 to 10. For instance, players must place bets of $11 to win $10 to earn the total prize of $21 or $110 to get $100.

Money Line Bet

The money line is the probability of winning the game without using the spread of points. It is described in terms of a 3-digit number. For instance, -150 means that the player is required to wager 150 dollars for each $100 that he hopes to take home, 15 cents for each $10, and multiples thereof.