Sports’ betting is an activity in which people predict and bet on the outcome of the sports. It is illegal, still, people wager (bet) on sports. The main reason people do sports betting is to wish extra cash. It not only involves sports like cricket, rugby, football and tennis, but also includes betting on the entertainment industry, like who wins the Singing Idols and share market, like share prices of a particular company are going up or going down. Know How to Play Baccarat And Win more money through betting.
Betting can be done on tournaments results or on the events in the tournament. For example, in a tennis match, possible bets include bets on double faults, point’s difference, game difference, and set difference.
An organization that makes arrangements for sports betting is known as bookmaker, bookie, sports book or betting agency. A marketplace for clients to bet on the results of discrete events is called a betting exchange. A person who places bets is called bettor/better, punter. Betting exchange gives the same opportunities to people to bet as a bookmaker with few differences. In betting exchange, you compete against other betters while in the bookmaker, you compete against bookmakers.
There are different types of sports betting. They are:
- Straight Bets
All you have to do to win a straight bet is to effectively bet on the team. A straight bet is made up of point spread or a money line. A straight bet through sports betting an be on the prizewinner of the match or on the match. It also can be made on the total number of points scored.
- Money Line Bets
The money line bet is an easy kind of bet which you can make at a bookmaker. In this, you simply bet on a specific team to win the event. The money line bet is completely about who wins. In a money line bet, if the better chooses the winning team then the bookmaker will have to pay the better.
- Parlay Bets
In parlay bets, bets are placed on two or more teams with much bigger payouts than a straight bet. In order to win the parlay bet, all the teams must win or cover the point-spread. In a parlay bet, the payout depends on the number of teams in the bet.
- Teaser Bets
Teaser bet is similar to parlay bet. Both teaser and parlay bets are made by choosing at least two events to occur. A teaser bet offers the chance to wager on point spreads or game totals, and then “tease” or alter the line to give them a superior possibility of winning.
Head-to-Head Betting is also known as two-way betting. In head-to-head bet, you bet on the result of the game, either win or lose.