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Different Types of Sports Betting

A sports wager placed on the outcome of a single event, such as a game or fight. Straight bets are the most common form of betting and involve placing a bet on a team or individual to win.

A wager on an over/under total. The total is set by the sportsbook and reflects how many points, goals, or runs are expected to be scored in a game. Generally speaking, a higher total means a more defensive game, while a lower total indicates a high-scoring contest.

Odds boost — A special offer from a sportsbook that increases the payout of a bet. The boost is usually offered when a particular team or player is considered to be the odds-on favorite.

Profitable sports betting is possible, but it takes a lot of work and patience. A solid bankroll management strategy, thorough research, and discipline are essential to success in sports betting. It’s also important to be aware of the different types of bets and how each one works.

Using Sharp, our new analytics tool, you can compare teams’ profitability on the moneyline, against the spread, and when betting totals (over/under). It allows users to see how profitable each team is at home and on the road as well as when they are favored or underdog. It’s a great way to identify undervalued teams and unearth some surprising trends. The best part is that it’s free to use! Try it for yourself here.