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How to Bet on Sports-How to Bet Parlays-Sports Betting 101 A Beginners/Novice Guide Sports Betting for beginners.


January 13, 2020 | Posted By - Google+

Sports Betting 101
A Beginners/Novice Guide
Sports Betting for beginners can be a bit overwhelming. There are so many types of wagers, terms, sports that it is hard to sort through it all. We have put together a guide to help sort through all the information. Today we will be touching base on the different types of sports wagers/bets.

TYPES OF SPORTS WAGERS/BETS

STRAIGHT BET- A straight bet is an individual wager on a game or event that will determined by a point spread, money line or total.
PARLAY- A parlay is a single bet that links two or more wagers/bets; the player must win ALL the wagers in the parlay. If you lose just one of the wagers, you lose the entire bet. However, if the player wins ALL of the wagers in the parlay, the player wins a higher payoff than if the player had placed the bets separately.
FUTURES- A futures bet is a wager placed on an event typically far in the future, example which team will win next year’s pro football championship game or pro baseball championship series.
PROPOSITIONS aka PROP BETS- Proposition bets or “prop” bets, focus on the outcome of events within a given game. Props are often offered on many games. These include Sunday and Monday night pro football games and pro playoff championship games. An example of a prop bet is “Which team will score the first touchdown?”

TEASER- A teaser is a type of basketball or football wager in which the point spread is adjusted by additional points in the player’s favor on more than one game. In football, a player may move the posted point spread 6.5, 7, 10 or 14 points. In basketball 4,5, 6-point teasers are offered.

ROUND ROBIN- A round robin is a series of parlays. For example, a 3-team round robin consists of four total bets -three 2 team parlays(A+B,A+C and B+C) and one 3-team parlay (A+B+C)

IMPORTANT TERMS

POINT SPREAD- The most popular sports bets are based on the point spread. The point spread represents the margin of points in which the favored team must win by to “cover the spread”. Bets on the point spread are usually offered at 11-to-10 odds. Example, a player must bet $11 to win $10 for a total payout of $21 or $110 to win $100 for a total payout of $210.

MONEY LINE- The money line represents the odds of a team winning the game outright without the use of the point spread. The money line is expressed as a 3-digit number. Example, -150 mean a player must bet $150 for every $100 they wish to win, $15 for every $10 and so on. Or +140 mean a player will win $140 for every $100 they bet.

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