SPBO betting offers excitement with every pitch and agony with every turnover. But for a novice gambler, understanding some of the terminology can be a barrier to getting in the game. Really, sports betting is easy, and with a little basic explanation most of the lexicon is easily understood. There are basically four types of bets: sides, totals, futures, and props. We will explain all of these and a bit more.
Side Wagers
Side wagers are perhaps the most common sports bet. And Side wagers, also called straight wagers, are bets where you pick a team to win. Side wagers have two variables – the pointspread and the moneyline. The pointspread is the number of points either add to the underdog score or subtracted from the favorite to determine whether the bet wins or not. The moneyline describes how much a winning bet pays the victor.
Sports like baseball are play almost exclusively on the moneyline. In other words, the pointspread is assume to zero. Many sportsbooks offer a runline, where the pointspread is 1.5 runs, meaning the favorite has to win by two, not a single run. Soccer and hockey are also highly reliant on the moneyline.
Football and basketball use the pointspread to great extent. Unlike baseball, the moneyline is often fix or only changes a little.
Total Wagers
Other than SPBO betting on a team to win — or cover the spread, you can bet on the total number of points/runs/scores in a sporting event. The sportsbook sets a totals which is just a number which they feel will generate bets over and under the total. If you bet over, you are betting that the sum of the competitors scores will be higher than the total. Conversely, if you bet under, you are betting fewer points are score than the total.
Futures
Sides and totals are available for most conventional sporting events pitting Team A against Team B. But how does that work for golf tournaments or nascar races? Tennis matches can bet with sides, but how about predicting a tournament champion? Or betting on the eventual super Bowl champion? Bets with more than 2 competitors are bet by futures. Each option has a moneyline associated with it to determine the payout – the longer the underdog the better the return. If you can correctly pick a longshot — and win — even a small bet can pay off many times over.
