Sports’ Betting is the process of placing wagers by predicting outcomes of competitions and sporting events. There are many proponents and critiques of sports betting services that constantly fight over the good and bad of the outcomes of sports betting. There have been cases of match fixing in history of sports, but it has also increased the interest of spectators in games and have increased online as well as live attendance.
Also, there are several different types of bets which are involved in sports betting. Parlays and progressive parlays are a method of placing multiple bets on different teams which can result in large payouts. Proposition bets are wagers placed on particular outcomes of the match. Several more types of bets are detailed below:
• Teasers allow bettors to combine their bets on multiple games. Bettors adjust point spreads for multiple games but ultimately realize lower returns on bets if he/she wins.
• Goal line, puck line or run line bets are wagers which are offered as money line/straight up prices in soccer, hockey or baseball. These wagers feature point spreads (fixed) that generally offer lower payouts for underdog teams and higher payouts for favourite teams. There are also alternates to these goal, puck and run line bets where decreased payouts are offered on favourite teams and larger payouts for underdog teams. An example of the first case in Baseball is Chicago +1.5 (-110) and Milwaukee -1.5 (+50). In this the bettor has to risk 110 dollars on Chicago to win 100 dollars and risk 150 dollars on Milwaukee to win 100 dollars. An pasar taruhan bola example of second case is Chicago +1.5 (+200) and Milwaukee +1.5 (-250).
• Future wagers are based on future events and have a long term definition (like weeks/months). For example, whether a particular team would win the champions league football or not. Such a bet has to be placed before its start in July and the result and payout would be declared in May. The odds for such bets are generally very high (50-1) which means that the winner would win 50 times the amount he/she had bet.
• In head to head sports betting, the bettor tries to predict the result of competitors instead of overall event results. An example of such wager could be Formula One race events where one can bet on how a driver would perform against the other. Sometimes, the bet also get tied if the drivers have same time or they don’t qualify due to a certain reason.