Combining but two favourite pastimes, that of the love of gambling and the world of sports, is a winning combination each time and one that is hard to resist. The marriage of the two disciplines is a staple at most online casinos these days, where players can place bets on their favourite games, be it football, horseracing, cycling, boxing, martial arts, baseball, basketball or anything really.
The concept being rather simple, wagers are placed on different disciplines to predict the results of the game. Bets are placed most often through a bookmaker or a sportsbook, and rely largely on the odds. Bets are most commonly paid up front, and paid out once the results are announced. For more information about betting, click here to get a better overview of the concept.
There are several various types of wagers, these being the following:
Money line bets are quite straightforward in the sense that there’s no allowance for handicaps, and the staked-on team is required to win outright. To balance the payoffs and odds, it’s the underdog team that would be offering a better reward.
Spread line betting differs in the sense that one team is handicapped and another favoured in placing the bets. The odds for the stronger team are lower, and the score is balanced by having the favoured team rake in points from the final score, and the weaker lose them.
Total Bets are based on the overall score.
Proposition Bets predict specific outcomes.
A Parlay includes numerous bets that guarantee larger rewards if all the given wagers win.
Lastly, teasers are parlays that favour the bettor rather than the bookie or sportsbook, giving a lower, but still advantageous payout.