When you bet on sports, recognizing the different betting options you can make are necessary to be successful. There are many different types of bet you can make but the top 3 types of bets popular in America are the Money Line Bets, Point Spread Bets and the Total Bets. Each type comes with its own advantages and payouts, so understanding each of them will help you get the most out of your bets.
The Money Line Bet
Money line is simply placing bet on the team which you think will more likely to win. It is easy to simple and easy to understand that’s why it is recommended for beginner bettors. For example, Team A is -150 while Team B is +130. This means that the Team Ais the favorite team or the team which is more likely to win the game (with “–” negative sign), and of course, Team B will be considered as the underdog team or the team that is predicted to lose the game (with “+” positive sign).
Betting on Team A means risking $150 to win $100 while betting on Team B means placing abet of $100 to win $130.
The Point Spread Bet
If you wish to bet on sports with a more bit of challenge, then you will love beating the point spread or also known as the spread betting. With this type of bet, you have to predict whether the the team winning will be able to beat the point set by oddsmaker. For instance a point spread of -9, would mean that in order for you to win your bet, the team you bet on require to win by 9 points or lose by less than 9 (which would appear as a win in the final tally).
You will see this type of bets in this format
Indianapolis Colts -9 (-110)
St. Lous Rams +9 (-110)
In this illustration, the second number represents the amount of money you have to bet to win $100. If you bet on the Colts to win and win by more than 10 or more, you win your bet of $110 plus another $100.
But if they win by just 8, you then lose your $110 bet.
The Total Bets
The total is the combined scores of both teams involved in an event. Rather than betting on which team will win the event, you can bet on whether the game will go over (o) or under (u) the specified amount - which is why this type of line is also known as an over/under.
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