Sports betting is one of the most popular forms of gambling today. Did you know that there are several ways to wager on sports? It is important that you know the different types of sports bets before you look for sportsbook pay per head solutions. That way you make smarter decisions with your wagers.
Here’s the list of the various types of sports bets. Make sure you understand each one before making your first wager.
Straight Sports Bets
A straight wager is the most common type of sports bets. You bet whether a team beats the point spread set by the bookie at the time of the wager. Sportsbook reviews state most sportsbooks will pay their players $100 for every $110 bet. If the match is tied, then there’s no action and the wager will be redeposited into the player’s account.
This is the second most preferred type of wager in sports. The sportsbook sets a number for the combined score of both teams. Then, players bet on whether the actual total score will be over or under the number. Also, some bookies accept bets on the total line for each half of the match, especially for basketball and football games.
The money line is the type of sports bet where you choose a team to win without worrying about the point spread. This type of wager is available for all sports, but they are commonly offered for hockey and baseball.
A parlay is a set of wagers combined into one. To win a parlay bet, you need all individual wagers to win. In addition, you can mix different types of sports in a single parlay. The payoff depends on the teams chosen and their odds.
These are some of the common types of sports bets available for players. You should also know the sport wager types if you want to learn how to start a sportsbook.