Sports betting is becoming increasingly popular in the USA. It is a form of gambling that involves predicting the outcome of a sporting event and placing a wager on it. With the right knowledge, sports bettors can make informed decisions and potentially reap great rewards. But before you get started, it is important to understand the different sport betting types available in the United States.
Moneyline bets (or ML bets) are one of the most common types of sports wagers in the United States. In this type of bet, you are simply wagering on which team will win the game. This bet does not include any points spread, so the team you pick must win the game outright for you to win the bet.
For example, if the New York Yankees are playing the Boston Red Sox and the moneyline odds are +100 for the Yankees and -120 for the Red Sox, you can bet $100 on the Yankees and if they win the game, you will win $100. On the other hand, if you bet $120 on the Red Sox, and they win the game, you will win $100. Try our betting odds calculator to calculate ML odds.
Point Spread Bets
Point spread bets are another popular type of sports wager in the United States. In this type of bet, a point spread is set by the sportsbook and you must pick a team to cover the spread. The favorite team is usually given a negative point spread, and the underdog team is usually given a positive point spread.
For example, if the New York Yankees are playing the Boston Red Sox and the point spread is -3 for the Yankees and +3 for the Red Sox, you can bet on the Yankees to cover the spread if they win the game by more than three points. On the other hand, if you bet on the Red Sox, they must win the game or lose by fewer than three points for your bet to be successful.
Parlay bets are a type of sports wager in which you are wagering on the outcome of multiple games or events. You can combine multiple moneyline bets, point spread bets, or totals (over/under) bets into a single parlay bet. If all of your selections are successful, you will win a much larger payout than if you had placed each bet individually.
For example, if you combine four moneyline bets into a single parlay bet, and all four teams win their respective games, you will win a much larger payout than if you had bet on each team individually. However, if one of your selections loses, your entire parlay bet will be a loss.
Totals (Over/Under) Bets
Totals (over/under) bets are a type of sports wager in which the sportsbook sets a total number of points that will be scored in a game. You must then predict whether the total number of points scored by both teams will be over or under the number set by the sportsbook.
For example, if the New York Yankees are playing the Boston Red Sox and the total is set at 9.5, you can bet on the total being over 9.5 if you think that the combined score of both teams will be 10 or higher. On the other hand, you can bet on the total being under 9.5 if you think that the combined score of both teams will be 9 or lower.
Futures bets are a type of sports wager in which you are wagering on the outcome of an event that will take place in the future. This type of bet can be placed on the outcome of a single game, a team’s season, or a tournament.
For example, if you think that the New York Yankees will win the World Series, you can place a futures bet on them to win. If the Yankees do win the World Series, you will win your bet. However, if the Yankees do not win the World Series, your bet will be a loss.
These are just some of the different sport betting types available in the United States. It is important to understand each type of bet and the associated risks before placing a wager. Remember to check and compare odds wisely at BetBasics.com before placing a sports bet.
Sports Betting FAQs
What types of sports betting are available in the USA?
In the USA, you can bet on sports such as football, basketball, baseball, hockey, golf, boxing, and MMA. You can also bet on virtual sports and horse racing.
Are there any restrictions on sports betting in the USA?
Yes, sports betting is regulated by each state, so the types of bets and legal age for betting may vary.
How can I place bets on sports in the USA?
You can place bets on sports in the USA by visiting a sportsbook in person or by using an online sportsbook.
What types of bets can I make on sports in the USA?
You can make a variety of bets on sports in the USA including straight bets, parlays, teasers, props, futures, and in-play betting.
What is a straight bet?
A straight bet is a bet on a single outcome of an event, such as the winner of a game. Here's a straight bet odds calculator to help you understand your potential payout.
What is a parlay?
A parlay bet is a bet on multiple outcomes of an event, where all outcomes must be correct for the bet to win. Payouts are much higher, but odds of winning are much lower.
What is a teaser?
A teaser is a bet on multiple outcomes of an event, where the odds of each outcome are adjusted in the bettor’s favor.
What is a prop bet?
A prop bet is a bet on a single event or outcome that is not directly related to the outcome of the game, such as the number of points scored by a certain player.
What is a future bet?
A future bet is a bet on an event or outcome that will happen in the future, such as the winner of a championship game.
What is in-play betting?
In-play betting is a type of bet that is placed while the event or game is in progress.