Betting Online may be the word today, but not everyone is acquainted with all the keywords and the type of bets one can place online...
Betting Online may be the word today, but not everyone is acquainted with all the keywords and the type of bets one can place online. Online Betting is done through Sportsbooks (US) or Bookmakers (UK) sites that accept bets. You can bet on the outcome of several sporting events, such as; Baseball, Basketball, Football, Tennis, Hockey, Snooker and Soccer games. To start with you need to state what you are betting on by making a selection, the type of bet and the amount you are wagering. Different bookmakers offer different betting varieties and combinations. Some common types of bets which any avid player must be aware of are: Straight bet or Single This is the simplest and most common bet. You bet on a winner at given odds. Point Spread The Point Spread is the number of points allocated and is shown with a + sign for the favorite and a - sign for the underdog. The favorite has to win by more than the Point Spread for you to win, otherwise you lose your bet even if the team wins.
The Money Line The money line establishes the odds for each team and is indicated by a + for the underdog and a - sign for the favorite.
Total A bet for the number of points scored in the game by both teams combined, including points scored in overtime. Over/Under A bet that the combined number of points scored by the two teams in the game will be Over or Under the total set by the oddsmaker. Parlay or Accumulator This is an example of a multiple bet. It lets you make simultaneous selections on two or more games with the intent of pressing the winnings of the first win on the bet of the following game selected, and so on. All the selections made must win for you to win the parlay. A parlay bet can yield huge dividends if won. Teaser It is like a parlay, but with the option to add or subtract points (called 'moving the line') from one or more Spread bets. When betting a teaser additional points are either added to the underdog or subtracted from the favorite. However, teasers odds are usually worse than the parlays. If-wager and Open-wager If-wager allows the bettor to make a second wager, up to an equal amount, pending a win on the first selection, where as open wagers allow the bettor to play teasers or parlays making a selection at different times and even different days. Future This is a bet on a future event. At the start of each season, the sportsbooks give out odds for teams to win a certain championship. The odds change as the game date approaches and in most cases get shorter, but if you win you get paid at the original odds that you took. This is possibly one of the most profitable bets if you are the one confident about your knowledge of the sports and the players you are betting on. Exotic Bets Sometimes, betting is allowed on a wide variety of other sports related events and activities or just about anything you can think of.
