Types Of Betting

2021年3月11日
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*Types Of Betting Pools
*Types Of Betting Systems
*Types Of Betting Strategies
Bettors use these types of sports bets to wager on the winner of the league, tournament, or competition before it’s started. Another word for this type of bet is ante-post betting. Here’s what futures and outrights look like: Picking a football team to win the Super Bowl at the beginning of the regular season. Parimutuel betting means you are betting into a pool with everyone else who is betting on the same bet type as you. The odds displayed for each selection prior to the race are approximate dividends and may change. When the race is over, the pool is divided among the winners. Wagering on horse races is the most prevalent form of sports betting, but football matches—including soccer, rugby, and Australian rules football—also are the focus of considerable gambling. And the £1 place portion of the betting stake is multiplied by 1/4 of the odds, so 8/1 becomes 2/1, with the original £1 place betting stake paying out £3 – thus total winnings of £12. But If your horse finishes in second, third or fourth the £1 win portion of the stake is lost and ONLY the £1 place part of the betting stake is.
Regular sports bettors have evolved their game just as the whole world of online wagering has changed over the years and so are well aware of all the world’s sports betting opportunities. For the uninitiated however this can prove to be a minefield.
What you’ll discover is that no one type of sports wager is better than another but rather they all simply cater to people with different tastes and skills.
Exchanges for example are good for those who prefer to take the negative view, especially within horse racing, and like to ‘lay’ horses they are pretty sure will be beaten. Other bettors prefer sports such as basketball or rugby where it’s about points and therefore spread betting is their thing.
Here we’ll cover some of the more common types of online sports bets, from traditional fixed odds and spread betting to the more modern inventions of in-play and exchange wagering to help you better understand what is available out there.Fixed Odds Sports Betting
There are various types of fixed odds, different countries using either fractional odds, decimal odds or moneyline.
Fractional odds are favored in the UK and Ireland and also in the US for things like horse racing, where odds of two-to-one will be displayed as 2/1. This simply means that if you place a $10 wager and it wins, your overall return will be $30 (2/1 = $20 plus $10 stake).
Australasia, most of Europe and also Canada tend to use decimal odds which always include the equivalent of a $1 stake, so 2/1 in this case would be displayed as 3.0 and 5/2 would be displayed as 3.5 etc.
Moneyline is a little different and is used in the States for things like football and basketball wagering. The figure listed can either be positive or negative and is not connected to the point spread (more info below).
If the odds are better than even, then a figure will be displayed based on how much you will win for a $100 wager. The aforementioned 2/1 odds would in this case be listed as +200. If the figure is negative, such as 1/2 in fractional betting or 1.5 in decimal betting, it would be displayed as -200.In-Play/Live Betting
Live, in-play betting has completely changed the way we now bet and is not just seen as convenient for those who couldn’t get their bets on in time for kick-off, but is now used tactically very well by bettors who can see the way a game may pan out before laying down any cash.
As well as being great fun and perhaps increasing your enjoyment of watching a live sporting event, live betting can also help you get better odds. In soccer for example, a team’s starting odds may be 2/1 but if it is 0-0 after 20 minutes this will be reflected in the live odds, so they may now be 5/2.
So long as we remain confident our team can win, we can take the risk of leaving the bet for a while and waiting until the odds increase which adds a whole new dimension to the wagering world.
As part of the live betting revolution we can now ‘cash out’ in play, meaning that if our selection is winning then an amount will be offered by the sportsbook which will be a profitable amount, though lower than the original expected winning amount, which we can bank regardless of the final outcome of the game.Exchange Betting
Growing in popularity since their inception around the millennium in England, exchanges are essentially betting bazaars where players can bet for or against a horse, team, player etc. In other words, on an exchange you can be the bettor or you can be the bookmaker.
Players can ‘back’ the outcome or ‘lay’ the outcome and, going hand-in-hand with the transformation of betting in the internet age; can trade in real time throughout the event too. Some gamblers play both sides on the exchanges, backing a selection when they are confident it can win or laying something they believe has no real chance of winning. The exchange makes its money by taking a small commission from winning bets.Spread Betting
Given its overall nature, spread betting is popular with those not simply looking for a sports bet, but also those looking to place bets on the movement of stocks and shares, commodities or even currencies all of which can be done via most modern sportsbooks.
When using it in this way, spread betting can offer the opportunity for players to get into what was previously a closed world, open only to city workers with access to stocks and shares information and the means to play the markets.
Although the opportunity has arisen for traditional sports bettors to now play the markets, this has led to a crossover also of city types using sports based betting companies to place their spread bets and thus become sports betting customers, increasing turnover of modern sportsbooks.
Famously part of sports betting for years though, spread betting is essentially a way of betting on market movements rather than the overall outcome of an event.
For instance, with a traditional sports bet you are required to bet on the outcome of the event at a fixed odds price set by the bookmaker (or sportsbook) however with a spread bet your success or otherwise is based on how successful you are to predicting how close the game is.
For example if the spread on a game is listed as 14, you are betting whether or not your team will win or lose by more or less than 14 points. If you back your team to win and bet ‘under’ and your team wins 105-95 then you will win your bet. If your team still wins but by 14 points or more, you have lost.Daily Fantasy Sports
Daily fantasy sports, known as DFS, is a subdivision of fantasy sports games which in a more rudimentary sense have been around for the last 70 years.
As was always the case with renowned traditional fantasy sports leagues and games, players build a team of pro players from real life teams and leagues and compete against each other. DFS are an expedited version of the traditional games and conducted over shorter time periods, sometimes even just a single day of competition.
Fantasy baseball, basketball, football, golf, hockey and even congress are all popular in the modern day and attract hundreds of thousands of players.Pari-Mutuel Betting
Given that we’ve known on-track betting as pari-mutuel betting forever, most people think of it simply as a title and don’t really understand where the format comes from.
The term is French and literally means ‘mutual betting’ and is a system under which all bets are pooled together with potential winning odds calculated by sharing the overall pool among all the winning bets.
For example, in fixed odds betting a horse in a race may remain at a short price, say 8/5, because the bookmakers themselves believe it has a great winning chance. In pari-mutuel betting however, should this horse not have many supporters and so not much money in the overall pot is being placed on it then it’s price can drift upwards at a much higher rate.E-Sports Betting
Stylized as eSports, naturally the name comes from electronic sports and they are a form of competition using only video games.
Professional players from the world of video gaming often come together for multiplayer competitions and this has now led to a sports betting subculture given than the labelling of video gaming as a sport, although controversial, has led to people not only wanting to play but also wishing to bet on the outcomes.
Betting on these events is guesswork for most people, however for those who know their stuff this can represent a great opportunity to find good value in what it a very niche betting market.
Betting terminology and the many different types of bets can appear daunting to a newcomer, and anyone looking to place their first ever sports betmay find it all a little confusing.
So to get you prepared, we have compiled a list of some of the key terms and types of bets to help get you clued up in next to no time.BETTING TERMINOLOGYAccumulator (ACCA)
An accumulator is most commonly described as a combination of four or more single bets that combine to offer longer odds, with the possibility of bigger winnings. However, if one of those bets doesn’t win, then you will not be paid out.
Look at how to place an accumulator in our bloghere, and you can also look at how much a potential bet could win using our bet calculator.Ante post
A bet that is placed well in advance of the event taking place. In placing an ante post bet, you can often get bigger odds, therefore boosting your potential winnings.Asian Handicap
It’s a popular bet in sports such as football and tennis where superior sides face inferior opponents and an Asian Handicap provides a balance to uneven match-ups.Back
To back is to place a bet on your selection to win.Banker
A selection which is usually a heavy favourite for an event. Often bankers are used in accumulator bets in order to boost value where the risk of that selection losing is considered minimal.Bar
Bar is a betting term used when contestants in any kind of race, tournament or contest that are not quoted individually in betting shows, simply because they are lower down in the market.Best Odds Guaranteed (BOG)
A concession used by bookmakers whereby if you bet on a selection at an early price, but the SP is bigger, you will get paid out at the SP.
For example if you bet on a horse at 8/1 on the morning of a race, but it wins at a starting price of 10/1, with BOG, your bet swill be settled at 10/1.
Grosvenor Sport offer BOG on all UK and Irish horse racing, and you can find out more about it here.Bookmaker
A bookmaker is the organisation/company which offer you the opportunity to place a bet.Cash Out
Cash out allows you to get money back on your bet before the event has finished. The amount you get back is determined at the time of you cashing out and depends on the likelihood of your bet winning.
This is often popular in football accumulators, when for example, four of your five selections have won, and you are set to make a profit, and you decide to cash out ahead of the final game taking place. Your winnings are then paid out, irrespective of that final result.Dead heat
Where two or more selections tie in an event.Decimal Odds
A format in which your odds can be displayed. Decimal odds include both your stake and winnings. For more on betting odds, click here.Dutching
Dutching is a betting strategy that involves the backing of multiple selections in the same event. The stake is split and placed in such a way so that whichever selection wins, an equal profit is made. If none of the selections win, all stakes are lost.Each-way bet
A single selection which is comprised of two bets – a ‘win’ bet and a ‘place’ bet. An each-way bet is often placed on a selection at larger odds, so a good profit can be made even if the selection doesn’t win the event.Evens bet
Odds of 1 to 1, where you would effectively double your winnings if the selection comes out on top. E.g a £10 bet on odds of 1/1 would return £10, plus your original stake.Types Of Betting PoolsFixed odds betting
Securing a bet at fixed odds means your potential returns are guaranteed and will not change, regardless of any market fluctuations following you bet being placed.Fractional odds betting
A common format of UK betting, fractional odds give you your profit, excluding your stake.
For example: £10 at 4/1 = £40 (your profit), plus your stake back (£10) = £50 (your total return).Handicap betting
Handicap betting involves giving one selection a virtual deficit (handicap) to overcome at the start of an event. Conversely, choosing another selection in the same market will usually involve that selection effectively receiving a virtual start. If you chosen selections score is greater than its opponents after the handicap has been applied, your chosen selection is deemed the winner.In-play betting
On most events, live betting can take place after the event has started.Long odds
Odds offered on a selection which is deemed unlikely to win e.g 100/1.Nap
A selection which is deemed to the strongest selection of the day from a particular tipster/correspondent for whatever sport you are placing a bet on.Non Runner No Bet
If your Antepost horse racing selection doesn’t take part in the event it is scheduled to, you will get your stake back if there is a NRNB concession on the race.Types Of Betting SystemsOdds
Another name for the price, and reflect the bookmaker’s thoughts on the possibility of that selection winning.Odds on
A betting price where the odds are less than Evens, meaning the selection is expected to win.Outright bet
These bets are placed on the outcome of a whole competition e.g Premier League winner, Champions League winner, winner of Wimbledon tennis tournament.Outsider
Similar to long odds, this is the opposite of the favourite and is the selection that is least expected to win the competition/event.Placed
A selection that finishes within the place terms for a particular event. As well as the winner, this may include the second, third, and fourth, or more depending on the sport/event.Returns
The total amount you will receive for winning a bet.Stake
How much money you have placed on a particular selection.Starting Price (SP)
The final price of the selection before the event gets underway. With an online bookmaker you can opt to take the price on offer at the time in which you bet, or take your chances by backing the starting price – something which is uncertain at the time of the bet.Tic Tac
A term used for bookmakers who are trying to express odds with their hands, often used at horse racing meetings to inform other bookmakers of the prices of horses in crowded areas.TYPES OF BETS
There a number of types of bet that can be placed, anything from singles to Yankees to Lucky 15.
Here is a guide through some of the more popular types.Basic – Singles, Doubles, Treble, Accumulator
These are fairly straightforward ones with singles relying on just one selection with doubles (two selections) and trebles (three selections). Accumulators are most commonly described as a bet with more than three selections, where you need all selections to come in for the bet to be successful.Trixie
This consists of three selections in different events and are combined to produce four bets derived from a treble and three doubles.Yankee
A Yankee consists of four selections which are combined to produce 11 bets derived from 1 x four-fold accumulator, 4 x trebles and 6 x doubles.Canadian
A Canadian consists of five selections which are combined to produce 26 bets derived from 1 x five-fold accumulator, 5 x four-folds, 10 x trebles and 10 x doubles. Alternatively known as a Super Yankee.Patent
This bet consists of three selections, and are combined to form 7 bets from 1 x treble, 3 x doubles and 3 x single bets.Lucky 15
This is where four selections are made, producing 15 bets deriving from 1 x four-fold accumulator, 4 x trebles, 6 x doubles and 4 x single bets.Lucky 31
Another to consist of five selections, but this time is combined to produce 31 bets derived from 1 x five-fold accumulator, 5 x four-folds, 10 x trebles, 10 x doubles and 5 x single bets.Lucky 63
Based on six selections and combined to produce 63 bets, drived from 1 x six-fold accumulator, 6 x five-folds, 15 x four-folds, 20 x trebles, 15 x doubles and 6 x single bets.
Sports betting is more popular than ever in the UK, and a leading trend is the accumulator – multiple bets on multiple events which can bring wins for little outlays.Types Of Betting Strategies
Work out how much you can potential win using these type of bets with our bet calculator.Comments
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