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The best bookmakers offer a range of bet types, with some offering more value than others. Those new to betting on sports may be satisfied with the more common bets. So, what types of bets are better than others? The key to success is to find a bet type that suits your betting style. The aim of this guide is to give a thorough explanation of all types of bets. There are many types of bets available on a range of sports.
You have plenty of choices when it comes to football betting, basketball betting, and more. The most common bet in online sports betting is the moneyline bet. Also known as the win bet, with this type of wager you choose the result of a specific game.
We head to the online sports betting site and click on the game. We see the moneyline odds as follows:. With this example, we see that the bookies are predicting a win for the Warriors. With the moneyline bet, you simply pick who you think will win the game outright. With some sports, a third option is available.
In a soccer game, you can pick either side to win or bet on a draw. West Ham are taking on City at home. Think City have it in the bag? There is also the possibility of a draw. Another popular bet, spread betting is slightly more complicated than the standard moneyline bet at first glance. Once you understand how spread betting works, it can offer more value than a win bet. Also known as the points spread or handicap betting, this type of bet focuses not on a team to win, but how much they win by.
What does this mean? For the purposes of the bet, the Packers have been given a 3. The Chicago Bears have, hypothetically, been given a 3. In order to win this bet, the Bears need to win by four or more points. Like point spreads, totals bets can offer more value than a standard moneyline wager. The online sports betting site will set a number, such as total points or total goals. This bet requires you to bet on over or under this number. From the odds offered, we can surmise that the bookmaker believes this will be a low-scoring game.
This market is using 2. If you expect three or more goals, bet on the over odds. With these types of bets, you bet on both the result and how many goals will be scored, over or under the given amount. Parlay bets, or accumulators, involve betting on two or more selections as part of the same bet.
Each selection on your parlay bet needs to be correct in order for you to win. There are plenty more types of bets available. Futures and special bets are popular, along with arbitrage betting, each way betting and various types of horse racing bets. Outright betting involves placing a wager on the outcome of a tournament or competition. These types of bets are also known as futures. Manchester City to win the EPL? You can place these types of bets at the start of the season and throughout.
Prop bets, or specials, are available at most online sports betting sites. These types of bets consist of betting on markets not necessarily to do with the final score, but rather events that can happen during the game. Examples of these kind of online bets can include first rushing touchdown, time of first goal, time of first point, will a penalty be awarded, and so on.
Some in-play markets also incorporate props bets. Time of next goal and next point scorer markets are common in live betting, amongst many other markets. Progressive parlays are similar to standard accumulators, but can give you the opportunity to still win your bet, even if one or more selections lose. If we were to place a progressive parlay bet on all players to win, but one lets us down, we could still win part of our bet.
The amount you win in this instance is greatly reduced than if all selections were correct. Generally, though, these types of bets need at least four selections. Some progressive parlays allow for more than one losing selection, depending on how many selections are in your accumulator. Teasers and pleasers are variations of combined bets.
These types of bets allow you to change or adjust point spreads, either in your favor teasers which reduce the odds or against your favor pleasers which increase the odds. Full cover bets are relatively rare in the United States, but we expect that more online sports betting sites will start to offer these types of bets in the future. What are they exactly? One type of full cover bet is the Lucky As you can guess from the name, a Lucky 15 covers 15 possible outcomes on your bet.
With this bet, you make four selections. A Lucky 15 covers the accumulator as normal. A calculator can help you assess how much should be wagered and the potential profit you can make. If you bet regularly, you may have come across if bets and reverse bets.
This bet asks you to make selections in a certain order. The first selection is your first bet. If this bet is successful, you get paid out and move on to your second selection with your initial stake. Two selections must win to ensure any returns. A Goliath is a bet on eight selections taking part in various events consisting of 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, eight sevenfolds and an eightfold accumulator totalling bets.
This is a bet on six selections composed of 26 bets: two patents 14 bets , one yankee 11 bets and a sixfold accumulator one bet. A Single Stakes About is an Any To Come bet consisting of two selections from events, these are then compiled to produce two bets derived from two singles. Any return on each single up to the original stake amount is used to fund a further single on the other selection. A Double Stakes About is an Any To Come bet consisting of two selections partaking in different events, which are compiled to produce two bets derived from two singles.
Any return on each single, up to double the original stake amount, is used to fund a another single on the other selection. The Round Robin is a three selection wager compiled of ten bets: three doubles, one treble and three up-and-down single stakes about pairs. This forms three horizontal trebles, three vertical trebles and two diagonal trebles. A straight forecast is correctly predicting the finishing order of the horses in first and second in a race.
It costs double that of a traditional win bet and will yield some sort of return if the selection wins or is placed. The Placepot is another favourite for racegoers. Select a horse in each of the first six races at a specific racecourse on a single day, and if that horse finishes in the placings you win a share of the total pool.
One unplaced selection and the bet is off! Quite possibly the hardest bet to win. Correctly predict the first six winners at a specific racecourse on a single day to win a share of the pool. One wrong selection and the bet is off! If you want to work out your winnings from a multiple bet such as an accumulator, we recommend you use a betting calculator to do it for you.
See our list of betting calculators here. Home Types of bets. Betting Types Single Arguably the most common betting type. A straight win bet, placed on a single event. Double A single bet on two outcomes in different events. Accumulator An accumulator comprises of four or more selections in one bet. Trixie A bet comprising three selections and four bets — three doubles and a treble. Patent A bet involving three selections and seven bets — three singles, three doubles and one treble.
Yankee A bet consisting of four selections and 11 bets — six doubles, four trebles and a fourfold. Lucky 15 A popular betting type among punters, it consists of four selections and 15 bets hence the name — four singles, six doubles, four trebles and a fourfold. Lucky 31 A wager consisting of five selections and 31 bets — five singles, ten doubles, ten trebles, five fourfolds, and one fivefold.
Super Yankee Also known as a Canadian, a Super Yankee is a bet on five selections consisting of 26 bets — ten doubles, ten trebles, five fourfolds and a fivefold accumulator. Heinz The Heinz bet is a six-selection bet consisting of 57 bets: 15 doubles, 20 trebles, 15 fourfolds, six fivefolds and a one sixfold accumulator.
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