Sports betting has been around for a long time, and through the years, more and more types of sports have developed, and with it came different kinds of sports bets.
There aren’t just different types of bets but also different times that you can place bets, which is called pre-event and live betting. Pre-event, as the name suggests, takes place before the event or sports start. In contrast, live betting takes place during the event.
Most modern-day sportsbooks will have the option for you to make pre-event and live bets. Some of them might even have their own live-streaming platforms that you can watch during the events. This article will teach you more about the different types of sports bets that you can make.
Outright Win Bet
Platforms like Mrgreen betting allow you to place a bet on the results of a sports tournament instead of on a specific game in the tournament. You can place an outright win bet pre-event or live. The winnings will be paid out once when a winner is announced at the end of the match.
For example, you place an outright win bet on the PGA Championships, and you choose Mickelson as the winner. If Mickelson then wins the tournament, you will be the winner.
An each-way bet (EW or E/W) is a bet that is associated with horse racing. There are, however, some sportsbooks that will offer the option for other sports such as football and golf.
There are two parts to an each-way bet. The first part is a win bet, where you can win if you select the horse that wins the race. The second section is the place bet, where you win if the horse you choose finishes in a specific amount of places from the place you select.
An accumulator bet might seem a bit complex for beginners because it is made up of multiple selections. All the different selections need to come in for the bet to win.
An accumulator bet usually has higher odds than placing each selection as a separate bet. Sportsbooks might stop you from making accumulator bets, but they typically allow it on various sports such as football, horse racing, and tennis.
Forecast And Tricast Bets
You can bet on the first two or three finishing positions in a race with forecast and tricast bets. Different categories form part of the forecast and tricast bets, namely, straight forecast, reverse forecast, straight tricast, and combination tricast.
The straight forecast is a bet placed on the correct order of the first and second position in a race or competition. The reverse forecast bet is placed on the first and second place of a race or competition but in any order.
The straight tricast bet is a single bet on the right order of the first three places in a race, where the combination tricast bet is a bet on the first three places in a race, irrespective of the order of the three.
Half-Time / Full-Time Best
Half-time and full-time best are usually offered in football matches. The bet combines a win in halftime and an overall win at the end of the game.
You can thus choose which team will have the most points at halftime and then which of the teams will be the overall winner of the game. In a single game, you can choose a different half-time and full-time winner.
Other betting types not discussed in this article include match combos, over/under bets, scorecast bets, double chance bets, handicap bets, goal/point scorer bets, and future bets, and of course let’s not forget all the betting tips available out there.
With the mass amount of different bets that you can place, it is essential to do your homework and understand each bet and how it works.