There are various types of bets in sports betting. You don’t have to just bet on which team will win the game, you can bet on the margin of victory, the total number of points scored, as well as many other different types of bets. The different types of bets include the following and they are all available on ILOT BET.
Parlay bet is a combination bet, combination of two or more bets in one. For a parlay to win, every bet in the parlay needs to win for your bet to cash. If you have a four-leg parlay and only three of those bets win, then you have a losing parlay ticket. What makes a parlay an attractive option for many bettors is that it is a way to bet a low amount and win a large amount, as your profits get multiplied after each recorded win.
This type of betallows bettors to combine bets on two or more different games. It is similar to the parlay bet because it has to do with multiple bets in one. The only difference is that it is only for point spreads and is designed to have the same payout as a single regular bet rather than a large payout. For a teaser, it involves “teasing” the spread of multiple games by a few or several points in the bettor’s favor.
Money line bet
These types of bets are bets that are placed on one particular outcome. It is the simplest and common of all the bets. When betting on a team’s moneyline, you are betting on that team to win. For example, if you like the Manchester united team to win, you would bet on their moneyline. If they win, your bet wins. If they lose, your bet loses.
A proposition or a prop bet is a bet that is not directly tied to the final score or result of the game. The most common types of prop bets are player propositions and game propositions. A player prop is a bet on a player’s performance, such as how many passing yards a striker or a defender has in football.
Spread betting are wagers made on an outcome of an event where pay-off is based on the accuracy of the wager. Football spread Betting is when you bet against the spread in markets such as Supremacy, Total Goals, Bookings, Corners, Team Goal Minutes and Player Goal Minutes. Spread betting is a different way to bet on the outcomes of events in Football matches.