1000 Ways to Win: The Most Important Betting Options
Introduction Betting Options: If you’re thinking of having a punt on sports betting, you may find yourself overwhelmed. The truth of the matter is that there are so many ways to bet that if you are a newbie, you may not know where to begin. Seasoned sports bettors may still find this guide to the various types of betting options out there useful, but for rank amateurs, our guide to the most important betting options is an invaluable resource. We have chosen to list the various types of betting options open to you at your average sportsbook alphabetically (it just seems easier that way), so if you’re ready to begin, let’s crack on it with. First, let’s look at Accumulator bets.
Betting Options: Accumulator Bets
Accumulator bets are incredibly popular in the European sports betting market. Some major bookies have special offers on accumulator bets, but what are these types of bets? In short, an accumulator bet is a series of bets placed on multiple sporting events. To pocket a win, though, you need all (or, in the case of promotional accumulators, at least the vast majority of your bets to come good). The accumulated winnings are usually magnified if you can pull off all your betting ticket, so this is an appealing prospect for players who like to bet on “dead-cert” sporting events.
As we’ve said, some bookies are more than comfortable offering you special deals with accumulator bets, so they are worth keeping an eye out for. These deals may require you to wager specific amounts or avoid specific match-ups on your betting slip, though, so read through and terms and conditions of special accumulator offers before deciding to partake in these hugely popular sports betting options.
Betting Options: Combination Bets
Combinations bets are a form of betting which can see you able to reduce risk, whilst at the same time maximizing your potential to win. There is a lot in common between accumulator bets and combination bets, although unlike an accumulator bet, combination bets do not require players to have success with every single bet on their slip. There are several types of combination bets out there, so which one is ideal for you?
Players will note that Lucky 15 bets are more popular with players who prefer a bet on the nags. These bets get their name from the fact that the bets contain 15 constituents. Generally, speaking, Lucky 15 bets will consist of single (4 bets) double (6 bets), treble (4 bets) and four-fold bets (1 bet), and are specifically aimed at horse racing enthusiasts.
Patent bets are also popular combination bets. There are just 3 selections in this bet, spread over a total of 7 bets (3 single bets, 3 double bets and a single triple bet). This full-cover bet can be hindered with just one wrong call, though.
If you like Patent bets, you may prefer Trixie Bets. This is also a 3-selection bet and one that consists of 4 separate bets, namely 3 doubles and a single treble. Players will still get a return even if one selection fails, with just two winning bets enough to land a win with this full-cover bet.
Yankee bets, on the other hand, are much more complex. This a 4-selection bet, and one which features 6 doubles, 4 trebles and a four-fold bet). The bet allegedly comes from an American soldier who placed the bet in the UK and won hundreds of thousands of dollars. Origins aside, the bet is also a full-cover stake and one which guarantees a prize with two or more winning selections.
Now, there are plenty of other types of combination bets out there, but let’s move onto some alternative types of bets you can place in the betting world, starting with Money Line bets.
Betting Options: Money Line Bets
Money Line bets are most popular in the United States. With a Money Line bet, you can forget about dealing with points/goals or the specifics of a match up. The only thing you are concerned about is who wins and who loses. The Money Line bet is ideal for betting on favorites, particularly those who are almost dead-certs to win. For example, betting £11 on a 1/10 bet to receive winnings of £1.10 (plus your stake back). That doesn’t sound like much, but if you were to expand those bets (you’d need a considerable wad to do so) you could win larger sums. For instance, if you were to bet £1,100 on the same bet, you could winnings of £110 plus your stake. It’s a risky game, but worth it if you know that a team is certainly going to win. Of course, if it goes wrong – you could find yourself up a certain creek without a certain paddle.
Betting Options: Point Spread Bets
Again, another American type of bet you have probably often heard of are point spreads. These are common as they are relatively simple to understand. Point spreads are bets which are based on the amount of points a team gives or receives during a match. In theory, you are betting on the number of points which turns out to be the factor between the winning and losing team. Not every sport utilises a point spread system, but most of the major American sports (barring baseball) do, which is understandable given the point-based nature of those sports.
Betting Options: Parlay Bets
Parlays are virtually identical to accumulators. In fact, most bookies consider them the same thing. However, whereas the UK prefers to refer to these bets as accumulators, the Americans prefer the term parlays. Just like accumulator bets, players are at liberty to stake multiple bets on a betting slip, and the amount you can win dramatically increases based on the number of games you get right. Unlike combination bets which don’t require a complete slip, and accumulators which may or may not do (depending on the offer and the bookie) parlay bets always require the entire betting slip to be correct. Because of this, they offer massive winnings if you’re bets all come good.
Betting Options Prop Bets:
Prop bets are another easy-to-understand betting option. Prop bets involve wagering on several outcomes in a match, though not necessarily the outcome of the game. Usually, these bets will consist of something silly, such as determining how many corners will be given to a team in a football match, perhaps who will win the coin toss in an American football game, how many knockdowns a boxer may receive in a fight, or the number of foul bowls in a tennis or baseball game. Bookies love to offer these bets, and players can generally win vast sums of money betting on prop bets. However, the reason for that is because they also have a rather considerable chance of losing.
Betting Options Teaser Bets
Teasers are another type of sporting bet which is most popular in the United States, particularly with NFL fans. With a teaser, players can “take away” points from the favourite, and add them to the underdog. The number of points you can add to a game varies from match to match and sportsbook to sportsbook, and although common in the USA, the bet is virtually unused in the European gambling sector. Teasers are combination bets, often made on two teams on the same betting slip.
Betting Options: Single Bets
There is no good name for these types of bets, but they are nonetheless the bets that most rookies start off with. Do your homework if you like, prepare as well as you can, but at the end of the day, these bets are solely based on the outcome of a match, much like Money Line bets. However, with Money Line bets, there is a specific type of bet you are looking for. With single bets, there isn’t. Single bets are your basic “bet-on-a-winner” type of bet, and they can consist of any sport, any team, favorites or underdogs, you name it.
Betting Options: Total Bets
Totals are a popular type of bet, no matter where in the world you happen to be. Total bets involve betting on the final score of a game, particularly one which involves a ball, such as football, rugby or basketball. The bettor is basically slapping money down that Team A will beat Team B by X goals, runs or points. Of course, you can go Over or Under with your totals, and this is a process that does require a fair degree of research. However, players who like simple bets (such as singles) but want a little added-excitement (especially when they’ve got a good idea of the final score) may decide to go for a total bet.
Are you ready to get started? There are, of course, many other ways which you bet too. Each sporting event (be it horse racing, Formula One, rugby, football, American football, baseball, cricket, or what have you) has its own special bets and these are far too numerous to ever list here. The bets we have listed are the most popular across most betting markets, though, and reading up about each one of them in greater detail should help you understand that although you have a wealth of options open to you in the online betting world, not everything is as complex or puzzling as it first seems.
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