Types of Sports Bets: Guide and Explanation of Betting Options Offered by Sportsbooks
What is a single bet, a parlay bet, or a system bet? What is an Over/Under bet, a Both Teams to Score bet, or a handicap bet? Find all the explanations in our dedicated articles on the different types of sports bets.
Learn About the Betting Options Offered by Sportsbooks
When you’re new to sports betting, understanding the different betting options can sometimes be challenging.
On one hand, there are betting markets offered by sportsbooks (moneyline bets, Over/Under bets, Both Teams to Score bets, goalscorer bets, etc.), and on the other hand, there are specific betting mechanisms (single bets, parlay bets, system bets, etc.). Thanks to our articles, which are explained and illustrated with examples, you’ll quickly grasp all the key concepts.
To avoid mistakes, it’s essential to understand the type of bet you’re placing. A system bet, for example, does not work the same way as a multiple bet, and knowing the differences is crucial.
Betting Options Vary by Sport and Sportsbook
Understanding the different sports betting markets is essential, especially since they can vary from one sport to another and from one sportsbook to another. Let’s take the example of the winner bet, also known as the moneyline bet.
In soccer, this type of bet can have three possible outcomes: 1 (home team), X (draw), or 2 (away team). However, in other sports like tennis, volleyball, or badminton, only two outcomes are possible, as there is no draw. There are also other differences between sportsbooks when it comes to betting mechanics.
For example, on one sports betting site, you might have the option to place a 2/5 system bet, while another site might require at least 3 winning bets out of 5. This is why reading our articles is important—to master all the different types of bets available.
