Betting is done through Sportsbooks (US) or Bookmakers (UK) entities that accept bets. You can bet on the outcome of several sporting events, such as for example; Baseball betting, Basketball betting, Football betting, Tennis betting, Hockey betting, Snooker and Soccer betting games.
To place a sport bet, you visit a sportsbook, physical or online. You could also bet over the phone with many sportsbooks. Remember that a sports book or sportsbook is not exactly like an oddsmaker. The sportsbook simply accepts sports bets. An oddsmaker is a person who sets the sports betting odds.
You have to state everything you are betting on by creating a selection, the type of bet and the total amount you're wagering. Hi88 will obviously be determined by the odds offered, so you will want to examine the number of odds available before you make a decision.
There are many types of bets you can place. Some sportsbooks may offer more betting varieties and combinations than others. Below is a list of the more prevalent types of bets.
Straight bet or Single.
Here is the simplest and most common bet. You bet on a winner at given odds.
Point Spread.
This bet enables you to bet on a winner from two selections who've been made equal by allocating appropriate points to the underdog team. THE IDEA Spread is the amount of points allocated and is shown with a + sign for the favorite and a - sign for the underdog. The favorite must win by a lot more than the Point Spread so that you can win; otherwise you lose your bet even if the team wins. Inversely, in the event that you bet for the underdog, that team must lose by less than the Point Spread for you to win. If the favourite wins by the exact Point Spread, then it is a push or a tie. You obtain your bet back. To get rid of a tie result, the oddsmakers sometimes include a half point spread. Since scores use full numbers only, one team has to win outright.
Buy Points.
Also, to buy Key Points. Move the Point Spread favorably at a price.
The Money line.
This establishes the chances for every team but inversely proportional from what would have been a Point Spread, and is indicated by way of a + for the underdog and a - sign for the favorite. Say team A is favorite and quoted at -180 and B is the underdog at + 120. The bets offered will be 10:18 odds-on for the favourite, and 12:10 for the underdog. For each $180 without a doubt on A you would win $100 or lose $180, but for every $100 you bet on B you would win $120 or lose $100.
Total.
A bet for the number of points scored in the game by both teams combined, including points scored in overtime.
Over/Under.
A bet that the combined number of points scored by both teams in the overall game will undoubtedly be Over or Beneath the total set by the oddsmaker.
Parlay or Accumulator.
A multiple bet. A kind of 'let-it-ride' bet. Making simultaneous selections on several games with the intent of pressing the winnings of the initial win on the bet of the following game selected, and so on. All the selections made must win so you might win the parlay. In case a game is really a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.
Teaser.
It is such as a parlay, but with the option to add or subtract points (called 'moving the line') in one or more Spread bets. When betting a teaser additional points are either added to the underdog or subtracted from the favorite. The odds vary according to the amount of points the spread is moved and the number of teams combined to form the teaser. As in the parlay, all selections must win for the teaser to win. Teasers odds are usually worse compared to the parlays.
If-wager.
A bet which allows the bettor to make a second wager, up to an equal amount, pending a win on the initial selection.
Open Wager.
Open wagers permit the bettor to play teasers or parlays creating a selection at different times and even different days.
Future.
A bet on a future event. At the start of every season, the sportsbooks hand out odds for teams to win a certain championship. The odds change because the game date approaches and generally get shorter, but if you win you obtain paid at the original odds that you took. That is possibly one of the profitable bets in case you have considerable knowledge of the activity that you are betting on including the players, and an excellent sense of judgment.
Exotic Bets.
Betting on unusual events. Some sportsbooks post odds and take bets on a wide selection of other sports related events and activities. Several others will take bets on almost anything you can think about.
Proposition Bet or Prop Bet.
An offer of bets at odds and conditions chosen by the sportsbook, usually on 'Exotic' bets.