Different Types Of Bets
The basic premise is simple: you are betting on the outcome of the roll of two dice. The only thing that makes the game confusing is all the different types of bets you can place. Most of these bets are straightforward, but it’s just the fact that there are so many of them that make the game a. If you’re new to sports betting, you might be surprised by the number of different types of bets you can make. You’re not limited to betting on which team, player, fighter, or driver will win a game, match, bout, or race (respectively). You have many more options at your fingertips. You’re probably familiar with money line. The different Types of Football Bets Explained, from Correct Score, Draw No Bet, Half Time Full time Score to Last Goal Scorers.
The types of football bets facing any punter may be cause for confusion. These days, there are many different ways of betting on football matches. The majority of people only bet on the final outcome of a game based on 90 minutes.
However there are several other ways that you can bet to on football games. In this article, we will explain some of the most common types of football bets.
Once you understand the different types of football bets available, you will be able to make a better judgement on which type of football wager best suits you. This in turn will aid you in making more money from your betting on the great and varied game of football. Read on for our exhaustive football betting guide.
Types of Football bets – The Top 10
Let's now take a look at the Top 10 types of football bets most punters make and explain each one briefly.
Full time result
This is by far the most common type of football bet and is usually based on the match result after 90 minutes. It can normally be called WLD (which stands for Win Lose Draw). Usually, the home team is denoted by 1 while the away team is denoted by 2. So if you believe that the home team will win, you select 1 and for an away team win, you pick 2.
Goals: (Under/Over)
It is also referred to as over/under and it is essentially a two-way bet regarding whether the total number of goals scored will be more than the one quoted or less. In most cases, the bet appears to exceed or even be less than 2.5 goals although there are also many variations such like 0.5, 3.5 or even 4.5. This is also pegged to the end of the normal time. This type of football bet is quite a common one as it only involves two outcomes. In most cases, it is not difficult to predict low and high scoring games even if you do not know anything regarding what the final outcome might be.
Example:
Aston Villa v Arsenal: over 3.5 Goals
Wins if 4 or more goals
Loses if 3 or less goals
Football Accumulator
Since Full Time Result appears quite simple to predict, many bettors try multiple bets in which they bet on several matches and try to correctly predict each of those results. However, it is often very tricky. If you get any prediction wrong, you lose on the bet. To enhance your chances of winning, read football accumulator tips first.
Correct Score (CS)
Under these types of football bets, one has to predict the correct score within the normal 90 minutes of football action. Scores are normally quoted as either Home Team Score or Away team score. The odds tend to be quite high because of the fact that there are several possible score lines for any match. However, predicting the right score and winning is not easy. To win in this football bet, you need to understand the scoring habits of your team.
Example:
Newcastle 0-1 West Ham
- Wins if West Ham wins 1-0
- Loses if the score is any other
Half time/Full time
This is also sometimes called double result and it involves predicting half time score as well as the score after 90 minutes all in one bet.
For example:
Let’s assume that Manchester United are playing Manchester City.
There are nine possible results for this bet. There are three possibilities by half time which can be a win for Man U, a win for Man City or a draw. The same possibilities are also there at full time.
Below is an example of the manner in which the options can be quoted.
Half time score – full time score.
In the case of Man U vs. Man City, Man U-Draw means that Man U will be lading at half time but the final score will be a draw.
First Goal Scorer FGS
This involves predicting that a particular player will score the first goal. It has an option of “no goal scorer” which definitely means that there will not be any goal scored in normal time.
Different Types Of Bets
Example:
Everton v Fulham: Lukaku to score first
Wins should Lukaku score opening goal
Loses in case any other player other than Lukaku opens the scoring
Draw No Bet (DNB)
This bet is pretty much like the full time result bet but does not have the draw option.
You bet on either team winning by full time but if it is a tie, you receive your stake. Its disadvantage is that odds on each team emerging victorious will be reduced as a result of the draw.
It only has two outcomes of betting and you can bet on it very easily. That is Draw No Bet Explained.
Example:
Southampton v Leicester City: Southampton (DNS)
Wins if Southampton win the game
You get back your money if the game ends in a stalemate
Different Types Of Bets In Roulette
Half Time result (HTR)
This means correctly predicting the scores at half time. The score here also includes any goal scored even in the injury time of the first half.
Just like full time bet, half time result bet also involves three possible outcomes of Home Team Win, Away Team Win or a draw.
If you feel that it is a tight game with no team willing to take risk of venturing forward, you can bet for a draw at half time.
Example:
Tottenham v QPR: Half Time Draw
You win if the teams draw at half time and you lose if one team leads at half time.
Each Way Bet on First Goal Scorer
This is a later version in which bookmakers give you the chance of winning in case your chosen player nets second or third goal of the match.
Half of the money that you stand to win goes on first goal scorer bet while the other half will be on the player scoring first, second or even third goal.
You will have something such as ¼ outright odds.
For instance, if you bet £10 each way that Alexis Sanchez score first for Chile at 16/1, ¼ odds and Sanchez scores the second goal, you take home £40 (£10 x 4/1 =£40).
That is how Each Way Bet on First Goal Scorer works.
LGS or Last Goal Scorer Bets
This is similar to first goal scorer bets although in reverse. Bookmakers normally quote the same odds for a given player to net last as to net first. You could exploit this bet if you understand your players and your team well.
Cash Out your Football Bets
One of the more recent types of football bets is the Cash Out feature. At Betfred you can Cash Out your football bets when you want. The video above showcases this punter friendly feature.
A new feature becoming common amongst online bookmakers is to cash out your bets while the event is till running. This gives you added control of your money. If you feel the game is about to turn against you cash out your winnings or stake before the match ends.
Types Of Football Bets Conclusion
There are many different ways of betting in a football match through the various types of football bets.
Other than the common full time score bet, you can actually make a return even if your team loses. The above are the main types of football bets available at many betting sites.
Next time you go betting do not restrict your wagering to only one bet. You can choose to spread your bets by trying out some different bets. You just need to know you team very well.
Horse Betting Types Of Bets
Online sports betting provides amazing opportunities to wager on the most popular sporting events. Even veterans of sports betting will find some useful information in our guide about the different types of sports bets. Brushing up on the different styles of betting will ensure that you set achievable betting objectives, bet with your head instead of your heart, and understand your risk tolerance as a bettor.
What are the most common types of bets?
If you’re new to sports betting, you’re most likely to hear about bets such as ‘’moneyline’’ and ‘’over/under’ bets’. These are the most commonly placed bets and are also the easiest to try when you’re just getting started. Let’s break these simple betting styles down a bit, and go into some more detail, so you can get your bets down for all the exciting matchups up ahead.
Moneyline bets
A moneyline bet is the simplest bet of all, and is also referred to as the “win bet”. Simply select who you believe will win the game or match, and your bet has been placed. So, think about an NFL matchup between the Miami Dolphins and New England Patriots – you can place a moneyline bet on who you think will win based either on your research, knowledge of the game, or just because they’re your favorite team. If the team you placed your bet on wins, then you win – it’s that easy! Other types of bets might be affected by factors such as the score or points difference between the teams, but while you are still learning about online sports betting, it is best to keep it simple.
Over/under bets
In the US, sports bettors refer to the over/under bet as the “total bet”. The over/under bet allows sports bettors to bet on a matchup without picking a favored side. Instead, they’re betting on the total points scored in a specific sporting event. Once the sportsbook casino puts up their predictions, sports bettors can decide if they believe that the total number of points scored in the matchup will be over or under the number set by the sportsbook casino.
For example, in a matchup between the Chicago Bulls and Cleveland Cavaliers, the sportsbook may set a totals line bet at 190 points. This means that sports bettors must decide if they think the teams will have a combined score of more or less than 190. If the bettor picked correctly, they will win the totals or over/under bet.
Point spread
The point spread is quite a popular bet in the United States. In Europe, this type of wager is typically referred to as a handicap bet. With the point spread, the sportsbook will determine which team they think is the favorite to win the game. After making their selections, the oddsmakers will decide what the margin of victory is most likely to be. The sports bettors will then make bets based on whether the pick or margin predicted by the sportsbook is over or understated.
For example, in an upcoming NBA matchup between the Chicago Bulls and Miami Heat, a sportsbook casino may post a point spread of 5 points in favor of the Bulls – this means that the sportsbook expects the Bulls to win by 5 points. If sports bettors choose to place a point spread bet on this game, they’d choose whether the sportsbook prediction is high or low.
Futures bets
Futures bets, or outright bets, allow sports bettors to pick the winner of the overall tournament, competition, or league. This means that, in most cases, the bet is placed way in advance of the actual sports event taking place, hence the name “futures’’. Sports bettors will need to do thorough research on teams and players before placing a futures bet.
These are some of the toughest bets to pick correctly, although the payouts are definitely enticing. Sports bettors should keep in mind that because futures bets have attractive payouts, it also means that they are quite risky.
Prop bets
For those looking for variety and something more fun, compared to the standard sports bets, consider placing a proposition bet. Sports betting can get quite bizarre with prop bets as you can wager on just about anything. Some examples of prop bets include predicting the time of the first goal in a soccer match, or the first team to score a touchdown in an NFL match. These examples barely scratch the surface of the types of prop bets that can be placed on different sports. Prop bets are great for sports bettors who are into the more obscure happenings or occurrences of a game that will not necessarily affect the end result.
Here are a few examples of some more interesting prop bets:
- Will a baseball team score in the first inning or not?
- Will there be a hole-in-one in a golf tournament?
- Who will win the opening coin toss?
Parlay bets
If you’re feeling extra courageous, and like you’re getting the hang of sports betting, the parlay bet is the wager for you. It is probably best for beginners to avoid these at first, as they can be quite complicated and risky compared to some of the other types of bets. The reason it is so complicated is because a parlay bet involves selecting a string of picks which are all counted as one bet.
For example, sports bettors can place a parlay bet on three different NFL teams. The parlay ticket could include a point spread, moneyline, and totals bet. The odds for each game remain the same though, as if you were making another kind of individual bet. In order for the parlay bet to pay out, all three picks for all matchups must win. In the event that one pick is incorrect, the entire bet is lost. Parlays are considered very risky, which is why it’s best to have some experience before trying them out. The added risk, however, does mean you’ll be collecting grand payouts if you win!
Popular odds in football
The most popular type of bet made in the NFL is the point spread. By setting the point spread, sportsbooks will try to even things out in a game when the two teams facing each other are mismatched. For example, the Houston Texans (10-2) vs Miami Dolphins (3-9) matchup would see many sports bettors betting on the Houston Texans to win. To prevent one-sided betting, these spread bets can level the playing field for bettors.
When you’re placing your bets online, you’ll see a + and – symbol given to the teams:
Miami Dolphins +14 (-110)
Houston Texans -14 (-110)
The above numbers show that the Houston Texans are a 14-point favorite, meaning they will need to win by a margin of 15 points to cover the spread for Texans bettors. For those who bet on the underdog, the Dolphins must lose by 13 or less for the bet to win. The numbers in the brackets indicate that the bettors must risk $110 in order to win $100.
Popular odds in golf
Golf is a great sport to bet on as the season is seemingly endless, with so many tournaments and opportunities to place bets. The futures bet is a popular golf wager, and the sportsbook will set their own odds for each player to win. This means that bettors get to choose from the field of players, with individual odds set for each player to win the tournament outright. In a field of 70 players, choosing the winner can seem impossible and like the odds are stacked heavily against you. However, the payout can be huge if you know your golf and make the right pick.
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