Navigating the world of betting can be daunting, but understanding the different types of bets available is a crucial step towards maximizing your winnings. This guide explores the most popular bets, providing insights and strategies to help you make informed decisions.
Straight Bets
A straight bet is the most basic type of bet, where you wager on the outcome of a single event. This could be as simple as predicting the winner of a game or the over/under on a specific statistic.
Type of Bet | Description |
---|---|
Moneyline | Betting on the winner of a game |
Spread | Betting on the margin of victory in a game |
Total | Betting on the combined score of both teams in a game |
Parlay Bets
A parlay bet combines multiple straight bets into a single wager. If all of the bets in the parlay win, you win the entire parlay. However, if even one bet loses, the entire parlay loses.
Type of Bet | Description |
---|---|
2-Team Parlay | A parlay bet with two straight bets |
3-Team Parlay | A parlay bet with three straight bets |
4-Team Parlay | A parlay bet with four straight bets |
Teaser Bets
A teaser bet is similar to a parlay bet, but the points spread or over/under is adjusted to increase your chances of winning. However, the payout is also lower.
Type of Bet | Description |
---|---|
6-Point Teaser | A teaser bet where the spread or over/under is adjusted by 6 points in your favor |
7-Point Teaser | A teaser bet where the spread or over/under is adjusted by 7 points in your favor |
8-Point Teaser | A teaser bet where the spread or over/under is adjusted by 8 points in your favor |
Round Robin Bets
A round robin bet is a series of parlay bets that combine different selections from a group of games. This allows you to reduce risk while still giving you a chance to win multiple bets.
Type of Bet | Description |
---|---|
3-Team Round Robin | A round robin bet with three teams |
4-Team Round Robin | A round robin bet with four teams |
5-Team Round Robin | A round robin bet with five teams |
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