Betting is performed through Sportsbooks (US) or Bookmakers (UK) entities that accept bets. It is possible to bet on the results of several sporting events, such as for example; Baseball betting, Basketball betting, Football betting, Tennis betting, Hockey betting, Snooker and Soccer betting games.
To place a sport bet, you visit a sportsbook, physical or online. You might bet on the phone with many sportsbooks. Remember that a sports book or sportsbook is not exactly like an oddsmaker. The sportsbook simply accepts sports bets. An oddsmaker is a one who sets the sports betting odds.
You should state everything you are betting on by making a selection, the kind of bet and the total amount you are wagering. Your selection will obviously be determined by the odds offered, and that means you will want to examine the range of odds available before you decide.
There are many types of bets it is possible to place. Hi88 may offer more betting varieties and combinations than others. Below is a list of the more common types of bets.
Straight bet or Single.
It is the simplest & most common bet. Without a doubt on successful at given odds.
Point Spread.
This bet lets you bet on successful from two selections who've been made equal by allocating appropriate points to the underdog team. THE IDEA Spread is the amount of points allocated and is shown with a + sign for the favourite and a - sign for the underdog. The favorite has to win by more than the Point Spread that you win; otherwise you lose your bet even though the team wins. Inversely, in the event that you bet for the underdog, that team has to lose by significantly less than the Point Spread for you to win. If the favorite wins by the precise Point Spread, then it is a push or a tie. You obtain your bet back. To eliminate a tie result, the oddsmakers sometimes add a half point spread. Since scores use full numbers only, one team must win outright.
Buy Points.
Also, to buy Key Points. Move the Point Spread favorably at a cost.
The Money line.
This establishes the odds for every team but inversely proportional to what would have been a Point Spread, and is indicated by a + for the underdog and a - sign for the favourite. Say team A is favorite and quoted at -180 and B may be the underdog at + 120. The bets offered will be 10:18 odds-on for the favorite, and 12:10 for the underdog. For each $180 you bet on A you'll win $100 or lose $180, but for every $100 you bet on B you'll win $120 or lose $100.
Total.
A bet for the number of points scored in the game by both teams combined, including points scored in overtime.
Over/Under.
A bet that the combined amount of points scored by the two teams in the game will be Over or Beneath the total set by the oddsmaker.
Parlay or Accumulator.
A multiple bet. Some sort of 'let-it-ride' bet. Making simultaneous selections on two or more games with the intent of pressing the winnings of the first win on the bet of the next game selected, etc. All of the selections made must win so that you can win the parlay. If a game is really a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.
Teaser.
It is just like a parlay, but with the choice to include or subtract points (called 'moving the line') in one or more Spread bets. When betting a teaser additional points are either added to the underdog or subtracted from the favourite. The odds vary based on the number of points the spread is moved and the amount of teams combined to form the teaser. As in the parlay, all selections must win for the teaser to win. Teasers odds are usually worse than the parlays.
If-wager.
A bet that allows the bettor to produce a second wager, around the same amount, pending a win on the initial selection.
Open Wager.
Open wagers allow the bettor to play teasers or parlays making a selection at different times and even different days.
Future.
A bet on another event. In the beginning of each season, the sportsbooks hand out odds for teams to win a particular championship. The chances change because the game date approaches and in most cases get shorter, but in the event that you win you obtain paid at the original odds that you took. That is possibly just about the most profitable bets in case you have considerable knowledge of the activity that you will be betting on including the players, and a good sense of judgment.
Exotic Bets.
Betting on unusual events. Some sportsbooks post odds and take bets on a wide variety of other sports related events and activities. Several others will take bets on just about anything you can think of.
Proposition Bet or Prop Bet.
An offer of bets at odds and conditions chosen by the sportsbook, usually on 'Exotic' bets.