Types of Sports Betting

sports betting

Sports betting is now one of the fastest-growing gambling markets worldwide, and it’s no surprise why. However, it’s important to remember that all betting comes with some element of risk and that there is no such thing as a guaranteed winning tip. That said, there are many things that can be done to improve your chances of winning — from doing research and seeking advice from winning bettors to practicing bankroll management and avoiding common mistakes.

The most basic type of wager is a straight bet, which is simply placing a wager on the winner of a specific game or event. Typically, the odds for a straight bet will be listed on your betting slip (both online and in person), and you’ll want to shop around for the best possible odds and payouts.

Another popular type of bet is a futures bet, which is placed well in advance of a sporting event. These bets usually have longer odds than a straight bet, and they can include wagers on a team to win a particular championship (such as the Super Bowl or the World Series) or a player to be named MVP of a given season.

Totals bets, also known as over/under betting, focus on the total number of points, goals or other statistics scored in a given game. For example, a Los Angeles Rams-Seattle Seahawks matchup might have an over/under total of 42.5 points. If you think both teams will combine for more than that amount, you place a bet on the over; if they score fewer than that amount, you make a bet on the under.