Are you also willing to be a part of the exciting world of betting? Then, the first thing you need to do is set up your account with any authentic online betting platform like the Betway app. You can create multiple accounts with different betting sites to grab the best opportunities out there. However, online sports betting requires proper attention and awareness of different aspects of betting.
Do you know which bets you should place on? Yeah! Online betting sites offer a wide range of bets that you can try with, But, before that, you must be aware of different betting types and how they work. Only then you can take advantage of it. So, in this article, you will learn about various betting options.
It’s one of the most common and simplest bets to understand. Here, you simply bet on the team that you think will win. If the team wins you win the bet, and if it loses, you also lose. You only need to understand the odds which are more likely to win. There are two options- favorites and the underdogs that tell how much money you need to stake to win $100 or how much you can win on a stake of $100.
Sometimes, it’s difficult to decide which team will win. In such a case, totals or the Over/Under bet is safe.
Here you don’t bet on one team, but you bet on the total score of both teams in the game. The limit is set by the sportsbook. You have to bet on whether it will be over or under that limit.
It is also simple to understand but a bit tricky than other bets. Here you have to predict whether a team will lose or win with the certain margin of points suggested by the sportsbook. This bet is popular with most of the sports, including basketball, baseball, football, and others. This net is most suitable to choose when there is an unbalanced competition between two teams.
Parlays are also known as multiple bets. These bets are more suitable for experienced bettors as you stake your money on multiple bets together. However, the expected profits are always higher in this bet but it could be risky. As if you lose any of the single bets, you’ll also lose all the money placed on other bets involved.
Live betting is very popular nowadays, You place the bet while the game is being played. You get several odds there that keep constantly changing and you are free to place your bet anytime on the most favorable odds.
Prop bets are also interesting and a bit different. Here, you don’t bet on the team or the final score. In fact, the bet is placed on individual players’ performance. For instance, you can bet that XYZ player will score 60 points in the game. If he does, you win, and if fails, you lose the bet.