Whether you’re a sports fan or just love to place a few wagers here and there, there’s no denying the importance of knowing the rules of the game. You’ll need to know the types of bets you can make, and how to use the sportsbook to your advantage.
Spread bets
Whether you want to make money or just have fun betting, sportsbooks offer a wide range of options. In addition to traditional betting options, sportsbooks also offer bonuses and promotions. Some of these bonuses are designed to increase your bankroll after you make your initial deposit. Some of these offers come in the form of free bets, while others offer a percentage boost to your balance.
Money line bets
Whether you are a sports aficionado or just want to make a little extra cash, you can bet on sports using a money line bet. These wagers are very simple. They involve picking the winning team and placing a wager. You will get paid if your team wins and if the game ends in a tie, your wager will be returned.
Unlike point spreads, moneyline bets are not affected by the number of points scored. In fact, they are generally used for games where the total number of points scored does not matter.
Longshot bets
Considering there are more than enough sports betting options to choose from, it’s no surprise that many betsetters are opting to take the short shuffle to the local tavern or bar. The competition is less than intimidating, so you will have plenty of time to sample some of the finest brews in the area. The best part is that it’s free to boot, no deposit needed.
Half-time bets
Whether you’re betting on a soccer match or an NFL game, half-time bets are a great way to boost your chances of profiting from the action. While there are no guarantees, halftime betting can deflect losses, lock in a winning bet, and give you more options.
You can place half-time bets on almost any sport that’s played in two halves. Halftime bets are typically better than money line bets.
Exchange betting
Unlike traditional sports betting, exchange betting at sportsbooks gives the bettor more control over their stakes. This is thanks to the absence of in-house odds makers. The absence of an in-house odds maker gives a betting exchange the opportunity to offer better odds and lower commissions. Ultimately, this translates to higher profit margins for the bettor.
One of the most popular betting types is the moneyline bet. It allows a bet to be placed on certain metrics, such as the number of points scored by a team. This type of bet is similar to the over/under wager, but with one key difference: the amount of money you can win is determined by the liquidity of the market, rather than a set amount.
Legalisation of sports betting in the US
Several states are looking to legalise sports betting in the US. While a handful of states have made progress, others are still mired in disagreements with stakeholders. The legalisation of sports betting in the US will be shaped by consumers, but it will also be shaped by other players.
In addition to the states, there are also sports betting operators. These include DraftKings, FanDuel, BetMGM, BetRivers, and Bally Bet. These operators have agreements with sports leagues, state lotteries, and state casinos. They will be able to choose which sports to bet on, and they will be allowed to offer mobile betting.
