Win or Moneyline bet
This is the most basic type of betting in sports. A win bet is placed on the team that the better believes will win.
Over/Under bets
Over and under bets are also called Total bets in U.S. If the bookmaker has set a total line at 150 for a match between two basketball teams, you can place a wager on over if you think the combined tally of points will exceed 150. You lose total bet if the combined tally of points is less than 150.
Handicap and point spread
Both these kinds of sports bets are very common and also similar. The bookmaker believes a team will win and he assigns a point value to the team. If the team is Miami Heat, it means bookmaker thinks it will win the game by 5 points. You have to assess the situation and placed your wager on either of the two options.
Futures bets
Also called outright bet, this type of bet predicts the future winner of a championship or tournament. Once can place a bet on the possible winner of NBA Finals even before a single game has been played.
Biggest instances of winnings in sports betting and horse racing
In 2014, Rory Mcllroy won the Golf Open Championship. He was naturally very happy after his win. But happier than Rory was his father who had won nearly $130,000 for placing a bet of 200 British pounds on his son winning the open championship in the next 10 years. Gerry Mcllroy placed this bet at odds of 500-1 on his 15 year old son.
Leicester City won the Premiere League as a 5000/1 underdog in 2015. An anonymous man placed a bet of 100 Pounds on Leicester City winning the Premier League in October. At that time, Leicester City was 2000/1 underdog. With the win, this punter won more than $250,000.
In 2012, Connor Murphy, who was only a stable boy, placed an accumulator bet of $75 on five horses owned by his boss. These horses took part in Cheltenham racetrack. Connor eventually won a whopping $1.5 million in this accumulator bet. The reason Connor won such a big amount was that he placed his bet three months in advance so the odds kept on increasing and did his outcome potential.
Most popular online betting platforms
Bet 365 is an online platform for sports betting. It is regarded as one of the most popular sportsbook where anyone can place bets on live games being played across the world. It is also available as a mobile platform.
Betway is a very popular site offering games and sports betting facility to its visitors. Anyone can place a wager in a game on their mobile or a laptop with the help of this online platform. Betway is giving a welcome bonus of up to $60 free bet for those who take its membership.
888Sport
888Sport is another very popular online betting platform. Gamers can place bets on various sporting events using this platform that offers high wagering value and a wonderful bonus program. Currently there is an offer of $30 free bets on 888Sport if you place a bet of $10.
There is also a range of other sites and casinos that provide betting possibilities.
If you are thinking people bet only on outcome of matches between two teams in a sporting competition, you are living under the rock. Betting is today done on not just the outcome of a match but on many different related activities on and off the field. Today, there are so many types of bets available to players that it can be overwhelming for a new individual to understand all of them quickly.