There are many different kinds of bets when it comes to sports betting on sites like Joocasino. These include: Prop bets, Spread bets, Parlays, and Futures bets. Understanding what each of these types of bets is and how they work can help you decide which ones you like to place a bet on.
Table of Contents
1. Moneyline Bets
A Moneyline bet is a bet on a team to win a game. It is one of the easiest ways to wager on a sporting event. Unlike spread betting, you aren’t required to bet a certain amount of money to get the payout. In addition, you won’t have to worry about any backdoor covers.
There are three main types of Moneyline bets. These include a straight bet, a parlay, and a money line combination. Each type has its own advantages and disadvantages. However, they all have a similar basic function: to make you money.
When it comes to the Moneyline, you can expect a small payout for the underdog and a bigger payout for the favorite. The payouts can vary depending on your sportsbook. Most betting & gambling sites (where by the way, you could try to win Daily Drop Jackpots) will adjust the odds to ensure a fair line. This will include adding vig to the line.
2. Spread Bets
Unlike other betting odds, spread bets are not tied to the actual outcome of the game. Rather, they are used to predict the numerical separation between two competitors.
In order to make a successful point spread bet, you have to understand the three outcomes that can result from a bet. The three options include a winning bet, a losing bet, and a push.
The winning bet is the best possible outcome for a bettor. In this scenario, the favorite wins by a certain number of points, and you get your entire wager back.
3. Prop Bets
Prop bets are a great way to increase your odds of winning. The most common props are ones that focus on scoring, total points, or rebounding. A few unique markets are available, too, like one for the fastest offensive player or the start of the season for a quarterback.
Prop bets can be a fun and exciting way to approach the game of sports. But to make them a successful investment, you have to learn about the basics of odds.
If you’re looking to earn some extra cash with a fun prop, you can bet on a number of different things, including the number of TD passes, the first player to score a goal or the length of the national anthem.
4. Parlays
A parlay in online sports betting is a combination of multiple odds and wagers on a single game. Usually, these wagers include totals, point spreads, money lines, and props. The payout on a parlay can be huge, but it’s also a risky proposition.
For most sportsbooks, the maximum number of games or events a parlay can contain is typically ten. Some sites allow for more.
One way to win a parlay is to predict all the right outcomes. This is a bit like picking the winners of the lottery. But there’s more to it than that. You can increase your odds of winning a parlay by adding favorites on the Moneyline, for example.
Another way to win a parlay is to bet early in the game. For instance, bet the first half over and the total over. This gives you a good chance to cover a large amount of money on a single bet.
5. Futures Bets
If you’re looking to make some money betting on futures, it’s important to know how and when to make a bet. While futures bets can provide you with significant payouts, they can also tie up your bankroll for weeks or months.
Unlike regular bets, futures bets involve wagering on multiple events. They can be on individual sports or teams. They’re usually presented in fractional odds, which are easier to understand.
