Top 3 Types of Sports Betting

Sports betting is a popular activity among gamblers who love winning regularly. However, you always have to make sure that you are betting at a legal casino with a license from reputable authorities. Most casino games in Europe and the best games you will find on Estonian gambling sites are designed to help you maximize your winnings over a short period. While there are many types of bets that you can place online, some are more popular than the rest. 

Whether you are a seasoned bettor or a newcomer to the scene, you can always rely on top casino sites to land the biggest reward and participate in sports betting. For instance, knowing how to make a deposit at an online casino platform will help you start your gambling journey seamlessly. Is Slothunter any good for betting, and will you get a bonus if you sign up for an online gambling portal? As you study your betting preferences, you can finally answer these questions with confidence. 

In this overview, we will explore the top three types of sports betting, which include moneyline bets, point spread bets, and under/over bets, each of the bets carrying its own significance and being staples in the world of online casinos.

Moneyline Bets 

Moneyline bets are the most common and direct bet types, popular among beginner gamblers, as they are quite simple to use. This is an excellent choice for someone who has never wagered on sports teams or players before. You pick a team that you will root for or bet on individual players, and the deed is done. The benefit of this method is that there are no point spreads or totals that you need to consider – only the final outcome of the match or a game. Despite its seeming simplicity, this method is widely appreciated by hockey fans, baseball fans, football lovers, and basketball bettors around the world.

How the Bet Works

Each team or player will be assigned odds that reflect their likelihood of winning. The odds are introduced in three main formats – American, decimal, and fractional. American odds might place a favorite at -200, while the underdog might be placed at +140. The minus sign will always indicate the favorite, while the plus sign is a mark of the player who has fewer chances of winning. The number means how much you need to bet to win $100 (the champion) or how much you will win if you bet $100 (the underdog).

Benefits and Downsides

There is no need to spend hours learning what a point spread is or how many total points you need to predict to understand the essence of the game and the capabilities of two teams or players. The wagering process is pretty straightforward, with no obvious restrictions or limitations. However, the only downside to the moneyline bet is the larger amount of bet required for wagering on a team that remains everybody’s favorite.

Point Spread Bets

If you are a bettor who can spend hours watching a football match or admiring the way your favorite basketball players compete against each other, the concept of the point spread bet is something you might be familiar with already. The way the point spreads are constructed can be challenging at first, but once you get the hang of what it means, you will know how to wager on the margin of victory. The bet will always be determined by the sportsbooks and online casinos and is meant to balance out the winning chances between the teams.

How the Bet Works

In a point spread bet, the bettor follows certain rules and wagers on a specific number of points, also known as the spreads. If the team does not demonstrate the required level of skill and is considered to be on the losing side, it can only win by gaining fewer points compared to the previous matches. The bettor’s goal is to see how they can even out the chances between the teams and analyze if they have varying degrees of abilities when matched up against each other.

Benefits and Downsides 

Point spread bets are more thrilling compared to moneyline bets. They are helpful when it comes to balancing the odds, giving equal chances to teams with varying strengths. However, the downside of the point spread is that you have to be very knowledgeable about the way these spreads work and how your favorite teams match up against one another. Point spread bets will also introduce the concept of the bookmaker’s commission, known as “betting juice” or “extra.”

Over and Under Bets 

Over and under bets, also known as total bets, are a unique form of betting. Here, you don’t have to wager on individual players or teams to become successful. You are not betting to cover the spread, either. Instead, the players will be invited to a world where they will wager on the total number of points, goals, and runs that have been scored in the game. The oddsmakers usually set a line, and you are betting on whether the total bet will exceed or go lower than the established number. 

How the Bet Works

The bet itself is not very complicated, but it has certain rules that you need to follow. The sportsbook sets a line for the combined score of both teams in a game. The bettors will have to decide whether the total score will be higher (the over bet) or lower (the under bet) than the line that has been previously established by the oddsmakers. 

Benefits and Downsides

These bets are great because they don’t require you to pick a side or choose a winning team at once. Instead, you are assessing the scoring potential of the team and their overall chances. However, the accurate prediction that you need to make about points can be hindered by different conditions, such as the weather conditions, the offensive and defensive tactics of the team, the player’s injuries, and the team’s strategies for the season.