Anyone new to the world of sports betting will quickly find themselves totally overwhelmed by the amount of choice that is suddenly available for their favourite sport. Betting has come a long way in the last few decades, with the internet creating an abundance of choice for the average bettor, allowing him to find something that truly fits his needs.
This means that there are a lot of different bets to choose from, each one offering its own, unique pros and cons. For those that are enjoying sports betting for the first time, these are the most common types of bets that are just as thrilling for beginners as they are for seasoned bettors.
Money Line Bet
Money line bets can be found for most of the world’s sports and are offered by bookies around the globe. Here, the bettor will wager money on a team winning an event or tournament, and apart from a few minor details here and there, there really isn’t too much more to this kind of wager. It’s among the safest on offer, where failing the wager usually doesn’t mean losing too much money, but it’s also one that can quickly become boring to those that have some experience under their belt. Regardless, a money line bet is a good choice for anyone that just wants to put down a bit of money on their favourite sports team.
Accumulator bets are long-term wagers that usually take place over a series of events, sometimes over an entire season. Often, they are made up of a set of much smaller bets, each taken out on a particular event that is part of a much bigger tournament. Accumulator bets are aimed at those that have some experience in the sports betting world, and can lead to some seriously big wins, as long as the bets play out in the right order. It should be noted that the higher rewards come with higher risk, and that accumulator bets rely on each wager being successful consecutively. If just a single one fails during the season, then the entire wager is called off and the bettor can stand to lose a fair amount of money. If, however, it does play out in the bettor’s favour, it can end up being a major payday.
Prop bets, also known as novelty bets, are wagers that are taken out on specific conditions being met during a game. These conditions can be just about anything imaginable, which is what makes them so appealing to beginner bettors. Some good examples include putting money on which team will score a goal first, which team will reach a certain score first, the timing of events taking place during an event, and much more. Prop bets can be adjusted to just about anything that takes place during a particular game, and it makes them an extremely versatile bet that keeps everyone on the edge of their seats waiting to see if the bet will ultimately be successful.