Types of Odds in Online Sports Betting
There are many types of bets that can be placed on sporting events, and each type of bet has its own odds. The odds on a sports bet are the probability of the event happening, as determined by the sportsbook. The odds of an event happening are usually expressed as a number, with the higher number meaning that the event is less likely to happen. The point spread is not the only type of bet that you can make on a sporting event. You can also bet on the money line, which is a bet on which team will win the game. Money line bets are usually expressed as a number, with the favourite being the team with the lower number and the underdog being the team with the higher number
Money line Bets:
Money line bets are the most basic type of online sports betting, and they simply involve picking a winner. The odds for Money line bets are typically expressed as a positive or negative number, spread betting is a fairly popular way to bet on basketball games. When you place a spread bet, you’re betting on whether a team will win by more or less than a certain number of points.
Point Spread Bets:
Point spread bets are a bit more complicated than money line bets, as they involve picking not only a winner but also the margin of victory. The favourite in a point spread bet is the team that is expected to win by more points than the spread, while the underdog is the team that is expected to lose by less than the spread. The odds for point spread bets are typically expressed as a positive or negative number.
Totals Bets:
Totals bets, also known as over/under bets, involve picking whether the total score of a game will be above or below a certain number. The odds for total bets are typically expressed as a positive or number.
Parlays:
A parlay bet is a bet that involves multiple teams or players, and it can be a money line bet, point spread bet, or totals bet. If both teams win, the bettor would win their parlay bet. Parlay bets usually offer higher pay-outs than straight bets on individual games, but they are also more difficult to win.
Teasers:
A teaser bet is a bet that involves multiple teams or players, and it can be a point spread bet or totals bet. The 123BET odds for teasers are typically expressed as a positive or negative number, with the favourite being the bet with the negative number and the underdog being the bet with the positive number.
Conclusion:
There are many types of bets that can be placed on sporting events, and each type of bet has its own odds. Money line bets are the most basic type of sports bet, and they simply involve picking a winner. Point spread bets are a bit more complicated than money line bets, as they involve picking not only a winner but also the margin of victory.