cparker
06-12-2010, 11:15 AM
Found these bets the most common types of bets in sports betting.
1. Proposition bet
2. Money Line Bets
3. Spread Bets
4. Over/Under Bets
5. Parlays
6. Teasers
Feel free to elaborate guys. I will edit this later once I have read enough. Anyway, just wanted to share with everyone here. :)
Have a great weekend!
cparker
07-01-2010, 12:48 AM
Descriptions to some of the types of bets I posted above.
Proposition Bet
A Proposition Bet is offered by the bookie at odds and conditions of its choosing. It may be exotic bets. For example which team will score the most home runs, which team will have the most assists, which running back will rush for the most yards, etc.
Most proposition bets are offered at 11:10 odds, but some of the exotics will be offered at better or worse odds, depending on the bet.
Money Line Bets
A money line bet is on the straight up total of an event or the odds for a straight up proposition bet. There are two totals given for either side on a money line bet. A negative and a plus side. For example,
Boston -170
L.A. +150
What this simply means is that for every $17 you bet on Boston, you get only $10 if they win. For every $10 you bet on L.A., you get $15 if they win.
Spread Bets
Spread Bets are the standard bets made. This is generally a proposition bet at 11:10 odds with the condition that you give or take points on the team you bet on in the hope that the modified total score of your team beats the opposing teams straight score. Bets on the spread are also known as straight bets because it pays even money. For example,
Giants +19 1/2
Cowboys -19 1/2
What is meant by the above example is that if you bet on the Giants, the team needs to score at least 20 pts. more than the Cowboys to cover. On the other hand if you bet on the Cowboys, the score must be at least within 19 for you to win.