In any discussion of the basic types of wagers that are used to construct the concept of sports betting, it is vital to start with a serious piece of advice. Punters really should make sure that they are fully aware of the types of bets that are available. Any measure of success will be more achievable if the punter is aware of how many weapons he has at his disposal.
Sports betting is, after all, a sport in itself and thereby subject to the fact that practice and knowledge makes perfect. In order for any punter to enjoy their wagering the way they deserve, a thorough understanding of the betting available is utterly crucial. Punters should make sure they are au fait with these types of bet as they form the very basis of sports betting and key to understanding and making full use of the sports betting online reviews that are available to assist punters in Australia.
Straight Bets are wagers that are made against the spread. The spread, or line, is a number assigned by the bookmakers which handicaps one team and favours another. For example, in any sports league, when two teams play each other, one is perceived as being more likely to win. To make wagering on the underdog desirable, bookmakers will give them additional points. To determine who wins against the spread, the line is either added or subtracted from a team’s final score. This is the most common type of bet in sports.
Proposition bets are wagers made on a very specific outcome of a match. Examples include predicting the number of boundaries a batsman will achieve or whether a player will score in a rugby game in accordance with NRL Premiership odds.
Parlays involve multiple bets and will reward a successful punter with a large pay-out. For example, a punter could include four different wagers in a four-team parlay, whereby he is wagering that all four bets will win. If any of the four bets fails to cover, the punter loses the parlay, but if all four bets win, the bettor receives a substantially higher pay out than if he made the four wagers separately.
A teaser bet allows the punter to combine his bets on two or more different games. He can adjust the point spreads for the two games, but must get all the games correct to win and recognizes a lower return in comparison to parlays.
An ‘if’ bet consists of at least two straight bets joined together by an if clause which determines the wager process. If the players’ first selection complies with the condition, then the second selection will have action; if the second selection complies with the condition, then the third selection will have action and so on.
Future wagers. While all sports online betting wagers are by definition on future events, bets listed as ‘futures’ generally have a long-term horizon measured in weeks or months; for example, a bet that a certain rugby team will win the Super 15 tournament. In general, most sports books will appreciate this type of wager due to the low winning probability, and also the longer period of time in which the house holds the player’s money while the bet is pending.
In Head-to-Head bets, punters predict competitors’ results against each other and not on the overall result of the event. One example is Formula One races, where you bet on two or three drivers and their placement among the others.
If punters are comfortable with these types of bet, then the various and invaluable reviews will make sense and give them a far better understanding of the capabilities of the various sites, as well as the odds that are being offered.