Betting is an extremely thrilling activity guaranteed to give you the excitement you seek. Over the years, we have witnessed this industry evolve from simple structures to a more complex system containing several components.
In this article, we cover the various types of bets, from match winners to player props. So sit back and be sure to read through to the end to get a better understanding of betting. Let’s jump straight into it.
Match Winners (Moneyline Bets)
This is perhaps the most common type of bet, and you probably have placed one or two on Betway. Moneyline bets simply ask punters to wager on the winning team. For instance, if you are a soccer fan watching Newcastle battle it out with Liverpool, you can place a money line on the side you feel confident will win.
This bet type is most suitable for people who want a more straightforward bet. To go the extra mile, before you bet, you can review certain tips, like which team is in better form and who has won most of the times they clashed.
Player Props (Proposition Bets)
Under player props, it gets slightly more complicated. In this betting type, punters bet on the likelihood of a player impacting a game. You could bet on LeBron James having the most three-pointers during a game, for instance.
If you follow a particular sport and are more invested in an individual’s journey, this betting type is perfect for you. Before hopping on a site like Betway and placing your bet, be sure to know factors such as their injury status and position played.
Totals (Over/Under)
This betting type tries to predict whether a team will score above or below a certain set digit. Unlike the first two options we’ve discussed, Totals focuses more on the game flow rather than individual players and the team.
When you hop on a site like Betway and want to place an over/under bet, factor in elements such as the weather and players who might shift the game’s trajectory. This bet type will have you on the edge of your seat, especially if it’s a really tough fixture.
Handicaps (Spread Betting)
In this type of game, there is always a favorite choice team and the underdog. What makes handicaps unique is the virtual disadvantage imposed on the underdogs. The disadvantage introduced is done to literally level the playing field.
While they are rewarding, you want to do your research before you wager. If you take a chance on the underdogs, be sure that they can rise above the occasion and beat the imposition.
Futures
This type of bet has characteristics similar to investing. Here, you place long-term bets that can’t be determined by a single game’s outcome. For instance, you can bet on who will win the UEFA Champions League.
When using this bet type, the bet strategy is getting in early to get the best odds. Futures will also require you to follow the game since how you feel mid-season may not be the way you started.
Final Thoughts
The betting industry has evolved significantly, introducing different types of bets to break the monotony and offer more inclusivity. Some popular bet types you can try include moneyline bets, player props, and handicaps.
