In sports betting, the odds for events are set by sportsbooks based on probability. Events with a high probability will pay out less, while those with a low probability will pay out more. Similarly, high-risk events will pay out more, but also come with a greater risk. In general, most sports betting options offer two sides to a game, while some allow you to bet on more than one side.
Parlays
Parlays are a great way to multiply your initial investment. However, parlays are not always as beneficial as they seem. Sometimes, the sportsbooks’ payouts are less than the true odds, which means the house advantage is much higher. That’s why you should be cautious when choosing a parlay.
Teasers
The teaser bet is a type of bet in which a sports bettor combines his bets on two different games. By doing so, he adjusts point spreads and realizes a lower return on his bets in case of a win.
Run line
When sports betting, the Run Line is a useful tool in assessing a game’s chances of winning. Baseball games, for example, are often low-scoring affairs. For this reason, you’ll find that the point spread for baseball games is low.
Goal line
The goal line is one of the most popular options for sports betting. It’s a common option for football bettors who want to bet on the number of goals scored in a game. Most betting companies set the goal line at under 2.5 goals, but you can also bet on the game to end with more than 2.5 goals. The reason for setting goal lines at 2.5 is that it allows bookmakers to offer decent odds and earn a good return.
Over/Under
Over/Under sports betting is a popular way to place bets on sports. Typically, there are three tiers of over/unders for different types of games. One tier features three separate numbers: the point total, the point spread, and the moneyline. When placing your bets, look for an over/under of at least 3.5.
Futures
In sports betting, futures are wagers on a long-term event. The futures odds are higher than regular season games and payouts are usually larger. For example, the odds for a game in January are much higher than those for the Super Bowl in February. You can also place a straight bet on a single game, team win or loss, or an individual player’s statistics.