Sports Betting 101 – Understanding the Different Types of Bets

sports betting

Whether you’re new to sports betting or have been a bettor for years, it pays to understand the different types of bets that you can place. Not only can you increase your chances of winning, but you can also boost your bankroll. You’ll also need to learn about the legality of sports betting in your state.

A common type of bet is a money line bet. In this type of bet, you are betting on the outcome of two paired teams. A money line bet is refunded if the team you bet on wins the game. For example, if you bet on the Philadelphia Flyers to win the NHL, and they win, you’ll receive a refund at odds of 1.00.

Another common type of bet is an over/under bet. In this type of bet, the oddsmaker will predict the total number of goals that will be scored in the game. During a game, an oddsmaker can make mistakes that can give you a good deal. In this case, you’ll want to bet only on the team you believe has the best chance of winning.

Other common types of bets are futures bets and prop bets. These bets are usually used in conjunction with league championships or the future of a team. In these bets, the oddsmaker is predicting how a team will perform in the future. You can also bet on how many points a team will score in the future. You’ll also be able to place bets on whether a player will score a goal in the future.

Aside from the money line, you can also bet on the total number of points that a team will score in the game. This type of bet is commonly used for sports that involve a lot of overtime. The oddsmaker will predict how many goals will be scored in the overtime period. This type of bet is usually used for soccer and football.

Some sportsbooks also offer a Both Teams To Score (BTTS) bet. In this type of bet, your prediction will determine whether both teams will score a goal in the game. Some sportsbooks will even offer a BTTS bet in conjunction with the winner of the game. This type of bet is usually offered by sportsbooks that offer futures bets. If you’re unsure about what types of bets are available, contact your sportsbook’s customer service team.

If you bet on a team that’s a non-starter, you’ll receive a refund if the player withdraws. You will also be refunded if the player does not make a start in the game. A non-starter is a player who is not listed in the teams’ official roster.

In Running (“Live”) bets are only available for matches that are labeled as “live.” If the map is replayed, all live bets will be voided. The operator may also suspend markets and refuse to accept bets. If the Operator suspends a market, bets placed on it prior to the suspension will stand.