| |
Types of Gambling Betts
By Noah Mann
This article is intended to explain the different types of bets in a simple manner as to not confuse the novice gambler looking for information and bet types. Please continue reading to find out all the different types of bets.
Straight Bet
A straight bet involves one single wager, whether it is on your team to cover the point spread to win the game straight up on the money line, or to go over/under the total at the end of the game.
Parlay
A parlay is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The main benefit of betting a parlay is much better odds than placing single bets separately since the difficulty of hitting is much higher. Standard payoffs on a two-team parlay are 13/5; while a three-teamer pays 6/1 and a four-teamer 10/1. Parlay cards are also common in sportsbooks and popular with bettors. They are released early in the week with set odds that do not change in return for a slightly lower payoff.
Round Robin
Daring bettors who enjoy betting parlays will sometimes put together a series of parlays called a round robin. A three-team round robin consists of one three-team parlay and three two-team parlays. Example: John likes teams A,B and C – with a round robin he has a three-teamer with ABC and a two-temar with AB, AC, and BC.
Teaser Bet
Teaser bets are similar to parlays. Teaser bets are single bets that link together two or more single wagers, but they are different in that the point spread is adjusted to your advantage on each single wager. In exchange for the points, you get less of a return on your bet compared to that of a parlay.
Example: a 6 point teaser would move the line on a 7 point favorite team from -7 to -1, which means the team would have to cover 6 less points. Each separate wager must win or the bet is a loss.
Above we have gone over and listed the most common types of sports bets widely used and known today. However, as sports' betting continues to grow, sportsbooks will continue to develop creative new ways to place bets.
About the Author
Find out the March madness brackets and the March madness tournament.
Article Source: http://www.simplysearch4it.com/author-articles/6624/1.html
| If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/author-articles/6624/1.html" as shown above and make it hyperlinked. |
| Some other articles by Noah Mann | Sports Betting - Ways to Wager
The most popular of sports to place bets on are NFL and college football games along with NBA and NCAA basketball games. ...
Point Spreads Explained
The first step to learning about sports betting is to understand point spreads. Most people are intrigued by betting lingo but lack the basic understanding of what it all ...
Online Sports Gambling Laws
Prior to delving into the world of sports betting online, many people stop to wonder if they are breaking any state or local laws. In most states, and ...
Money Management for Gamblers
The purpose of this article is to educate and inform gamblers of the aspects of sports wagering. With the hopes of leading ...
How are Betting Lines Made?
Typically there are 4-5 oddsmakers assigned to make lines for each of the major sports (college and pro football and basketball; MLB, NHL, boxing and golf). Each oddmakers bring unique opinions, ...
Online Sports Betting Tips
Online sports' betting is on the rise and growing each and every passing day. It has been estimated that by 2007 the online gaming industry will ...
|
|
| |
|
|
|
