Betting on sports is a way to watch sports’ events. It makes the process of watching exciting and fascinating, you can feel your belonging to your favorite team or a particular athlete.
Of course, betting on sports is a risky activity, you can win a lot and lose a lot. Understanding it, bettors should examine the mechanics of betting itself, features of the sport he/she wants to bet on, etc. It can also be useful to get to know the teams, how they play in general, and what are their last results in tournaments.
There is another way to minimise betting risks – use sport betting tips from predictionists. These potential outcomes are made by professionals, and you don’t need to find the best result to bet. It will certainly be helpful both for first-timers, and for experts.
Betting Types
Sports wagering is not only about sports, teams, and the possibilities of winning a particular one. There are many types of betting, which a bettor should know not only for using them, but also to understand how betting actually works and what he/she can do for success.
These types include: moneyline, parlay, point spread, teasers, pro, middle, and future bets, live betting, etc.
Below we will go through one of the most popular types of sports betting – parlay. It’s very attractive among bettors because you can bet a small amount of money and win a lot more.
Parlay
A parlay bet means wagering on multiple bets, or ”legs”. For a parlay to win, every bet in your parlay needs to win, so you can earn on this bet. In case you have a 5-legs’ parlay, but only 4 of them win, then you have a losing parlay.
After each successful ”leg”, your profit multiplies, even if your first bet is, for example, 1 dollar.
Many bettors don’t like parlay, because they think the reward isn’t worth the risk. But the rest, work with this type actively, attracted by the opportunity to risk little money to win big sums.
Sports betting is enjoyable, especially when you’re watching your favorite game, and parlays can increase excitement. There are several types of parlay. You’ll find a short guide below.
Same Game Parlay
Most parlays combine other two types of betting, which we mentioned at the beginning: moneyline and point spread.
Same game parlay allows bettors to bet point spreads, moneylines, totals, and/or prop wagers from one event into one bet.
Progressive Parlay
This type can be called unique because you can win even if some of your “legs” lose. For example, if your bet consists of a 10-leg parlay and 2 of them lose, you may win a part of your potential outcome. For smaller parlays with 2 or 4 legs, you can lose only 1 leg.
Round Robin
Round robin means a combination of a range of bets into a smaller parlay. For example, a 3-team round robin includes 3 separate 2-team parlays.
In most cases, to win, you’ll need to have 2 of the 3 two-team parlays.
So, before betting, every bettor should conduct research and learn about betting types, find examples of such betting, and learn about winning potential. Betting is an interesting activity that can make you an expert in this field and help you to earn money, while watching sports’ events from all over the world, but it should be reasonable.
