Common Bets You Can Make When Betting on Sport Events

As much fun as it is to watch sports events on TV, it’s even more fun if you have a wager on your favorite team. Every time your team has a winning play, it becomes more exciting knowing that you have money riding on the outcome. You can bet on sports such as basketball, baseball, football, tennis, hockey and soccer at sportsbooks, either physically, online or in some cases, even through the phone. However, betting on sport events can be complicated, since there are many types of that you can make. Here are some of the common bets that sportsbooks offer.

* Straight Betting. Also known as a single, this is the simplest kind of bet that you can make. You simply bet on the team that you believe will win and the given odds will determine how much you will win.
* Point Spread. This is the second most popular sportsbook bet. In a point spread bet, the oddsmaker gives the favored team a handicap in order to make the two teams equally attractive to bettors. This handicap is called a spread and is usually expressed as a negative number beside the favored team. In a point spread bet, you win if the favored team’s winning score is more than the spread. If you on the underdog, the wager pays off if the team wins or if they lose by less than the spread.
* Buying Points. When you buy points on a point spread, you pay an extra amount to move the spread. Hence, you get more points when you bet on the underdog or give away fewer points when betting on the favorite, which can spell the difference between a winning or losing bet.
* Parlay. When you bet parlay, you’re betting on the outcome of multiple games. All of the teams you’ve bet on must win for your bet to pay off. If even one team loses the entire bet is lost.
* Teaser. This is similar to a parlay bet, except that points are added to an underdog’s spread or subtracted from a favorite’s. This increases the chances of a successful bet but also decreases the odds, resulting in a smaller payoff if your bet wins.
* Over/Under. You bet on whether the total number of points scored by the two teams is over or under the total set by the oddsmaker.

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