- Published in From the Desk of the Chairman
Examining Various Types of Sports Wagering Options
The global sports betting market is trending now more than ever. Every year, millions of people join the exhilarating world of sports wagering. Whether it is sports fans that place bets on their favorite teams or players, or gambling enthusiasts looking to test their luck, the options are endless. Before we dive into the many sports betting options, we should mention the indispensable player in this arena – the sportsbook. This is where the betting happens.
If you are interested in betting today, you can find hundreds of types of sport bets listed at sportsbook not on Gamstop. This gives you easy access and a lot of flexibility in addition to the many choices. In this article, we’ll delve into different types of sports bets ranging from traditional forms to the latest emerging trends. There’s no such thing as the luckiest or best type of sports bet, but knowing your options can always help when you make your predictions for a match.
Traditional Types of Sport Bets
People have been betting for a very long time. In the past, there were only basic, straightforward types of bets available to players. Now that the global sports betting market makes up 40.3% of all online betting activities, the options for punters have reached hundreds.
Even so, the basics never ceased being popular in sports betting. Why would they, when they are the simplest and yet very promising predictions to make? For many people today, the bets that existed for decades are the best type best in sports. When we talk about traditional types of bets in sports, we talk about point spread, over and under, moneyline bets, etc.
Let’s take a closer look at these options:
- Moneyline bet. A moneyline bet is pretty straightforward. All you need to do is pick a team – or a player – that you believe will win the game or match. Depending on the odds assigned to the team you choose, you can calculate your potential payout.
- Over/under bet. Also known as totals, these bets predict whether the combined score of the teams in a game will be over or under a value predetermined by the sportsbook.
- Point spread bet. A point spread bet levels the playing field. When there’s a clear favorite in a match, the sportsbook assigns a spread i.e. margin of victory for the favored team. You can choose to wager on that team to win by a specific number of points. Or, you can bet on the underdog, but not to win – to keep the margin of defeat within a predetermined range.
- Parlay bet. When you place parlay bets, you are combining more than one wager into a single bet. You can win more money with this type of bet, but the level of risk is significantly higher. If one of your wagers is unsuccessful, you lose the entire bet.
- Futures bet. A futures bet involves wagering on a future outcome. For example, you can place a bet for the end of a sports season or tournament. These are placed well in advance. In many cases, bettors will predict the champion of a league or tournament, often even before the season starts.
- Teaser bet. Teaser bets are variations of point spread bets. Basically, you can adjust the point spread in your favor by adding or subtracting a certain number of points from the original spread for the games you include in your wager.
Emerging Trends: Modern Sports Gambling Type of Bets
The global betting market is already big and growing really fast. Estimates show that the global sports betting market will grow to $155.49 billion by 2024. With the increase in interest grows the number of sportsbooks, as well as betting options. As the number of sportsbooks grows, and especially since online betting became an option, there’s a new type of sports bets popping into the market regularly.
That being said, the market has many emerging and new trends for punters. Let’s take a look at some of them.
- Prop bet. Prop bets or proposition bets focus on a specific occurrence within a game that might not affect the final outcome directly. For instance, you can predict the number of goals a specific player will score. You can bet on other things, too, such as the duration of the national anthem performance at an event like the Super Bowl. Prop bets are exciting and entertaining, and often very different from traditional bets.
- eSports bet. With the growth of competitive gaming or eSports, betting on these events has emerged as a popular trend. In this case, you’ll be placing bets on eSports competitions where players compete in games like Dota 2 or Counter-Strike.
- Micro-market bet. Micro-market betting happens when you place a wager on discrete, specific events or outcomes within a sporting event. Basically, you are betting on smaller-scale events instead of the overall game outcome. For instance, you can bet on the number of fouls in a quarter.
- Live bet. Also known as in-play betting, this form of placing wagers is very popular these days. When players bet live, they can watch the game in real-time and predict the outcome or make predictions for the rest of it. Sportsbooks accept the wagers while the game – or event – is in progress, offering players more dynamic wagering based on unfolding circumstances in the game.
Sports wagering has changed a lot in the last few decades, and especially in the last few years. Ever since it became available online, sports betting has become more versatile than ever. Today, punters can choose from hundreds of bet options. In this article, we listed the most popular traditional options, as well as the emerging trends in recent years. But, this is just the tip of the iceberg. If you are a sports bettor and would like to test your luck, hop on to your favorite sportsbook and roam through the many betting options it offers. Good luck!