Understanding Different Types Of Bets

Morten
24 May 2023
224 Views
understanding-different-types-of-bets

Sports betting is a popular activity that has been around for decades. If you’re new to sports betting, navigating the different types of bets can be confusing. In this article, we’ll break down the three most common types of bets: spread betting, money-line betting, and over/under-betting.

Spread Betting

spread-betting

Spread betting, also known as point spread betting, is a popular type of bet in sports like football and basketball. It’s a type of bet where the betting site will set a point spread, which is a handicap given to the underdog team to level the playing field. The point spread is expressed as a number, such as “+3.5” or “-7.5.”

When placing a spread bet, you must choose which team to cover the spread. If you bet on the favourite team, they must win by more than the point spread for your bet to be successful. If you bet on the underdog, the team must either win or lose by less than the point spread. If the game ends in a tie, your bet is refunded.

For example, if Manchester United is playing Liverpool and the point spread is set at -1.5 in favour of Manchester United, you would need to bet on Manchester United to win by more than 1.5 goals for your bet to be successful. If Manchester United wins the game by two or more goals, your bet wins. However, if Manchester United wins the match by 1 goal or less, or if Liverpool wins the game outright, your bet would be unsuccessful.

Money-Line Betting

money-line-betting

Money-line betting, also known as straight-up betting, is a more straightforward type of bet than spread betting. In this bet, you pick which team you think will win the game outright. The odds for money-line betting are expressed as a money line, such as “3/10” or “9/4.”

If you bet on the favourite team, you will need to risk more money than you can potentially win. For example, if Manchester City is playing Tottenham and the money line is set at 1.50 in favour of Manchester City, you would need to bet £200 to win £100 if Manchester City wins the game.

If you bet on the underdog team, you will risk less money than you can potentially win. For example, if Tottenham is playing Manchester City and the money line is set at 2.50 in favour of Tottenham, you would need to bet £100 to win £150 if Tottenham wins the game.

The odds for money-line betting can also vary depending on the sportsbook and the betting volume for each team. If a lot of people are betting on one team, the odds for that team will become more expensive, and the odds for the other team will become cheaper.

Over/Under Betting

over-under-betting

Over/Under betting, also known as totals betting, is a type of bet where you bet on whether the total points scored in a game will be over or under a specific number. The bookmaker sets the total, which can be expressed as a half-goal, such as “Over/Under 2.5 goals.”

For example, if Arsenal is playing Chelsea and the over/under is set at 2.5, you can bet on whether the total goals scored in the game will be over or under 2.5 goals. If you bet on the over, you would need the total goals scored in the game to be 3 or more for your bet to be successful. If you bet on the under, you would need the total goals scored in the game to be 2 or less for your bet to be successful.

Over/Under betting can also be applied to other sports, such as rugby, where the total is based on the number of points scored, or cricket, where the total is based on the number of runs scored.

Conclusion

Understanding the different types of bets in sports betting is crucial if you want to make informed and successful bets. Spread betting is a popular type of bet in sports like football and basketball, where the bookmaker sets a point spread to level the playing field.

Moneyline betting is a more straightforward type of bet where you simply pick which team you think will win the game outright. Over/Under betting is a type of bet where you bet on whether the total points or goals scored in a game will be over or under a specific number.

When making bets, it’s essential to do your research and consider factors such as injuries, team performance, and weather conditions. It’s also important to manage your bankroll and only bet what you can afford to lose.

With a solid understanding of the different types of bets and careful consideration of the relevant factors, you can enjoy sports betting as a thrilling and potentially rewarding activity.

Featured In This Article

LeoVegas

4.1/5
  • Trusted payment methods
  • Branded games
  • Real-cash bonuses
  • Large game selection
  • Fined for RG violations
Up To £100 + 50 Free Spins
GET BONUS
Author Morten

After being a recreational gambler for over 10 years, my professional gambling career started at LeoVegas in January 2019. I am now Head of SEO & Content at Casinogrounds, responsible for what you read on UKCasino.com, Casinogrounds.com, and Casinoscores.com.