To give an idea of how it would work in practice, let’s take a look at an NBA example below. Another would be that Novak Djokovic will beat Roger Federer in a tennis match. You stand to win more money if you bet on the underdog than you would on the favorite.Īn example of a moneyline bet would be to wager that the Denver Broncos will beat the Oakland Raiders in an NFL game. When betting moneyline betting, you are wagering on who will win the sporting event outright. Let’s start with the simplest type of wager you can place, a moneyline bet. This will give you a great overview to help you choose which types of bets to employ in any given scenario. Here we will describe the common bets that you will find at all of the best online sportsbooks in the US. Now that we have a basic comprehension of the subject let’s take a look at the most popular bet types in some detail. This is where the various types of sports betting come into play. The bottom line is that betting on sports can involve much more nuance than wagering on what team will win a game. In addition, sportsbooks offer live betting options which enable you to place wagers on sporting events that have already started.

These types of wagers are different than standard moneylines, point spreads, and totals, and we will get into detail on them later. There are also entirely different types of bets, such as futures and props.

Another method to bet on sports is to combine multiple betting picks together into multi-leg bets such as parlays. We will get into more detail on these bet types later. Other ways that you can wager on the outcome of a single game include point spreads and totals (over/under). The simplest example is betting on the moneyline (which team/player will win the event outright). When you are putting your money down on a sporting event, sportsbooks offer a variety of methods for you to place your wagers. In reference to various types of betting, the basic idea is straightforward. Let’s start by looking at a high-level overview of common sports bet types and how they differ. We will analyze how they all work in detail to help you better understand the betting options.

Here we will get into the specifics of various bet types that are available at top US sportsbooks. Sports gambling is not as simple as betting on who will win a game, as you can make many other types of bets. Bet types, often called “markets” outside the US and in more sophisticated sports gambling circles, are crucial to comprehend. When getting into sports betting, one of the first things to understand is what types of bets exist.

Types of sportsbook bets