Types of Sports Betting

July 2, 2010

 It’s not unusual to  hear shouts of excitement and to see a flock  of people gathered around watching TV .  You start out to wonder, if there’s a good show  that you failed to diary and you are missing such a big event.  There is a good chance  many of these people are engaging or enjoying  in sports betting .   The biggest   casinos, restaurants or hotels often have sports betting  shown on big screens.  Sports betting is an activity of predetermining what the result of a game event and to confirm such prediction is to bet on it.
In the United States, sports gambling is legal in many establishments in Las Vegas , while in some European countries it is highly regulated and very common .  Those who engage in sports betting are those believed to have the hobby for sports and their pursuit in the game grows as they  enjoy their favorite leagues, teams and players play and win for them.

There are different types  of sports betting:

1. Arbitrage.  It is to create a combination of bets, wherein if one bet loses the other wins. 
2. Bet to Win. It is wherein a player makes a future bet, most in all likelihood before the start of the event.  The player places his bet to the wager.
3. Futures. Player places bet in advance of the sports event.
4. Group Match up.  It is trying to match how one group will compete and finish the game compared to the other competitors in the group.
5. Hedge. Better tries to bet on the reverse of the original bet made.  This is to offset the possible loss on the original bet.
6. If Bet. It is similar to parlay, because better places a link together to two or more individual bets.  The better instructs the sports book that should the first bet wins, the second bet should be located on the other proposition.  Thus if the first bet loses, second bet will not push through.
7. Parlay. It is a single bet that joins together two or more individual wagers.  The bet is dependant on all of those wagers winning together. There is much better odds in parlay than placing individual bet separately.  Parlay cards are common in sports books and common to bettors.  They are issued out early in the week with the odds set which do not change in return for lower payoff.
8. Round Robin.  A  set of parlays are called Round Robin.  Round Robin is   one three-team parlay and three two-team parlays.
9. Teaser.  A single bet  that joins together  more than one   bets is called a teaser.  But is not the same in that the point spread is  modified to your  benefit on each individual wager. In exchange for the points, you get less of a return on your bet compared to a parlay. i.e , a 6-point teaser would move the line on a 7-point favourite from -7 to -1, meaning the team would have to cover 6 less points. Each of the individual wagers must win or the bet is a loss.

Sports betting is  huge in Great Britain  with companies like  Ladbrokes and Betfair  taking millions of pounds worth of bets each year  and offering attractive rewards to newcomers to the sport in the form of deposit bonuses or on limited occasions such as football game finals or big horseraces  will offer exclusive no deposit bonus deals.

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