Exploring Sports Betting Options: From Traditional Bets To Exotic Wagers

Exploring Sports Betting Options: From Traditional Bets To Exotic Wagers

The betting industry is enormous, and it’s only expanding. Because of that, they need to constantly update their games and make new ways you can bet. After all, if you were to only bet on the moneyline, you would probably become bored after some time. That’s why we have such a wide array of types of bets. In this article, we will cover some of the traditional bets suitable for rookies and more complex and exotic bets for experienced bettors.

Traditional Bets: The Classics Never Disappoint

Everyone knows how to play traditional bets when it comes to sports betting. They stood the test of time and became a foundation of sports betting. They are usually simple and easy to understand, so here are the three types of bets that you are among the oldest.

Moneyline Bets: Straightforward And Simple

Moneyline bets are the simplest type of bet there is. You have to pick a winner of a match. For example, you choose team A to win at 2.0 odds in teams A and B. If team A wins, you double your money. If team B wins, you lose.

Point Spread Bets: Leveling The Playing Field

The point spread is a bet to level the playing field. Here, you are not betting on the winner of a match but on what team will cover the spread. The spread is a predetermined number of points the favorite must win by, or the underdog must not lose by to win a bet.

Over/Under Bets: Total Points Or Goals

Over/under bets are known as totals; they involve betting on a total goal or number of points scored in a match by combined teams. The bookmaker sets a line, and you bet on whether the total will be over or under that set line.

Exotic Options: Venturing Into The Uncharted Territory

These bets are for people who are seeking unique and adventurous betting experiences. These types of bets usually involve complex scenarios and require a thorough understanding of the sport and everything around it. Here are the three most exotic options to consider:

Futures Bets: Predicting Long-Term Outcomes

Future bets involve you guessing the winner of an event before it even starts—for example, the winner of the Champions League in soccer. The odds are great; if you hit it, you will roll in cash, but the likelihood of that happening is extremely low.

Live Betting: Real-Time Action

Live betting, also known as in-play betting, allows you to bet on ongoing games. With live betting, you can take advantage of changing dynamics and place a bet before the algorithms pick up on that change.

Parlay Bets: Combining Multiple Bets

Parlay bets involve combining a lot of bets into one. You win this parlay bet only if all smaller bets are winners. If, on the other hand, one bet is lost, you lose everything. This type of betting is popular because the odds are multiplying with each other, giving you an enormous profit if you manage to win it.

Closing Thoughts

That’s a list and explanation of traditional and exotic betting types. We are sure you are familiar with some of them, if not all. Just remember that if you are a rookie in sports betting, you shouldn’t immediately go and make a future or a parlay bet. With experience, you can widen your pool of bets and even combine them sometimes.