Understanding Sports Betting Types

Moneyline is the simplest and most common form of placing a sports bet; this is where you place a bet on who you think will win.

3-way moneyline (also known as Match or 1X2) is for sports and events that might finish in a draw. There are three possible outcomes to consider. This sort of betting is often referred to as a 1×2 wager. You can choose between win, lose, or tie.

Correct Score (also known as Result Betting) is where you place a bet on what you think the exact score will be at the end of the game or event.

Over/Under” (also known as Totals) is where you place a bet on the partial or definite amount of an event (for example, you may choose how many touchdowns will happen in the Super Bowl).

Odd/Even is where you have the opportunity to place a bet on odds or evens of a game (for example, you may bet that the total points in a game of basketball will be even).

A Head-to-Head is where you place a bet on two players against each other (such as in tennis or snooker).

Triple-Head is where you place a bet on a competition between three players (such as in a golf tournament).

Half time/Full time is where you can place a wager on who you think will win the first half and second half of an event (for example, you can choose that one team will win the first half of a game, then the other team will come back and win in the second half.

Same Game Parlay is a betting option that allows you to place numerous different bets on a game all in one bet slip.
As an example, you can choose the home team to win the first half, lose the second half, that the quarterback will throw over 200 yards, the point difference will be under 6 points, and there will be more than two touchdowns all in the one single $1 bet!
These types of bets carry far greater risk and are not for the faint of heart, but if you win, the profits are much better than a simple bet such as Moneyline.

A Bet Builder is where you can place a bet on different sporting events; for example, you can choose to bet on different Football, Basketball, and Baseball games all on the one betslip.
The odds decrease the more bets you add to the betslip; however, the profits also increase, very risky but significant if you win!

Period betting is where you bet on the outcome of each separate period of a game or event (for example, an ice hockey game scores 2-0 / 0-1 / 1-1, the winning outcome is 1/2/tie0, this is where things become complicated and are not designed for novice bettors.

Spread betting (Points spread in Basketball and Football), also known as Runline in Baseball, and Puckline in Hockey (also known as Handicap in Hockey).
You place a bet on the team you think will win within a certain amount of points.
For example, you could bet on a particular team to win by less than 5 points.

A 2-way spread is where you place a wager on a team by giving them a “handicap” against the other team.
The final resulting score difference must be higher (for example, you could choose the home team to have a score of -4 which means that the home team needs to have a final score difference of 5 or more).
However, if the resulting point difference is the same as the handicap, the bet is void and refunded.

Alternative lines/Spreads (commonly also known as Teasers) is where you can place a bet at less favorable odds than the main spread by essentially “buying” extra points (kinda like a reverse handicap).
Effectively you will give yourself better odds of winning for a smaller payout.
Sportsbooks such as BetRivers New York usually offer a few different spreads/handicap lines on games and events listed.

Double Chance is where you have the option to bet on two different outcomes of a game (for example, you may choose that the home team will win and tie but not lose).

Futures betting ( also known as Outright or Place betting) is precisely what it sounds like; you can place a bet on the likely outcome of an event you think will happen in the future, such as choosing who will win the NBA next season.

Each Way bet (aka EW) is commonly found in horse racing but can also be found in events such as formula 1 betting.
This is where you place a bet on a horse or competitor to come first or place 2nd or third.

Again this is typically used in soccer; Goal Minutes is where you place a bet on the total sum of the minutes that goals have been scored.
Goals scored in injury time are counted as being scored in the 45th and 90th minutes (again, this form of betting isn’t recommended for novice bettors).