Betting is done through Sportsbooks (US) or Bookmakers (UK) entities that accept bets. It is possible to bet on the results of several sports, such as; Baseball betting, Basketball betting, Football betting, Tennis betting, Hockey betting, Snooker and Soccer betting games.
To place a sport bet, you visit a sportsbook, physical or online. You might bet on the phone with many sportsbooks. Note that 78WIN casino or sportsbook isn't exactly like an oddsmaker. The sportsbook simply accepts sports bets. An oddsmaker is a one who sets the sports betting odds.
You need to state what you are betting on by making a selection, the sort of bet and the amount you are wagering. Your selection will obviously depend on the odds offered, so you would want to examine the range of odds available before you make a decision.
There are many forms of bets you can place. Some sportsbooks may offer more betting varieties and combinations than others. Below is really a list of the more common types of bets.
Straight bet or Single.
Here is the simplest & most common bet. You bet on a winner at given odds.
Point Spread.
This bet lets you bet on successful from two selections who've been made equal by allocating appropriate points to the underdog team. The Point Spread is the number of points allocated and is shown with a + sign for the favorite and a - sign for the underdog. The favourite has to win by a lot more than the Point Spread that you should win; otherwise you lose your bet even if the team wins. Inversely, if you bet for the underdog, that team must lose by less than the Point Spread so you might win. If the favourite wins by the precise Point Spread, then this is a push or a tie. You obtain your bet back. To eliminate a tie result, the oddsmakers sometimes add a half point spread. Since scores use full numbers only, one team has to win outright.
Buy Points.
Also, to buy TIPS. Move the Point Spread favorably at a price.
The Money line.
This establishes the chances for each team but inversely proportional to what is a Point Spread, and is indicated by way of a + for the underdog and a - sign for the favorite. Say team A is favorite and quoted at -180 and B may be the underdog at + 120. The bets offered will be 10:18 odds-on for the favourite, and 12:10 for the underdog. For every $180 without a doubt on A you would win $100 or lose $180, but also for every $100 without a doubt on B you'll win $120 or lose $100.
Total.
A bet for the number of points scored in the overall game by both teams combined, including points scored in overtime.
Over/Under.
A bet that the combined amount of points scored by the two teams in the game will undoubtedly be Over or Beneath the total set by the oddsmaker.
Parlay or Accumulator.
A multiple bet. Some sort of 'let-it-ride' bet. Making simultaneous selections on several games with the intent of pressing the winnings of the first win on the bet of the following game selected, etc. All the selections made must win for you to win the parlay. In case a game is really a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.
Teaser.
It is such as a parlay, but with the option to add or subtract points (called 'moving the line') from one or more Spread bets. When betting a teaser additional points are either added to the underdog or subtracted from the favorite. The odds vary according to the number of points the spread is moved and the number of teams combined to form the teaser. As in the parlay, all selections must win for the teaser to win. Teasers odds are usually worse than the parlays.
If-wager.
A bet that allows the bettor to make a second wager, around the same amount, pending a win on the first selection.
Open Wager.
Open wagers allow the bettor to play teasers or parlays making a selection at different times and even different days.
Future.
A bet on another event. At the start of every season, the sportsbooks hand out odds for teams to win a certain championship. The odds change as the game date approaches and in most cases get shorter, but in the event that you win you get paid at the initial odds that you took. That is possibly probably the most profitable bets should you have considerable knowledge of the activity that you will be betting on like the players, and an excellent sense of judgment.
Exotic Bets.
Betting on unusual events. Some sportsbooks post odds and take bets on a wide selection of other sports related events and activities. A few others will need bets on just about anything you can think about.
Proposition Bet or Prop Bet.
An offer of bets at odds and conditions chosen by the sportsbook, usually on 'Exotic' bets.