There is little argument about the fact that online betting is a big thing around the world. The big question is what new approaches people are taking, and what the hottest methods are these days. As the practice evolves, more and more people are furiously trying to crack the code of odds-making.
While there is no one magic bullet when it comes to mastering the betting game, it is worthwhile to look at what people are doing these days. As the practice evolves, people are shifting their ideas to try to beat the odds makers. You can get a piece of the action on 1xBet Tanzania today.
Popular betting types this year
With this in mind, let’s take a look at the most popular types of bets this year and how people are approaching them.
Moneyline bet
A moneyline bet is the most straightforward type of bet. With a moneyline bet, you put your wager simply on which team will win. For beginners to the betting game, this is the wisest type of bet to make because you don’t have to include many different factors in your decision making. If your team wins, you win. In making this type of bet, the focus should be on the value that you will win.
There are other types of situations in which you might also use a moneyline bet:
- When you bet on an underdog. You would only do this, of course, if you really believe that an underdog has a good shot at winning. In this case, the payout will be handsome.
- When you are confident in a favorite. In this case you don’t necessarily stand to make as much, much your bet is more secure as there is a high chance of your team winning.
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Point spread betting
In point spread betting, the bookie gives a handicap to the favorite team so that the odds are more even. In this way, bettors have more of a challenge in trying to guess what the outcome will be. The job of the bettor is to try to guess how much the margin of victory will be. In this type of bet, if you bet on the favorite then they need to win by more than the predicted point spread, whereas the underdog simply has to win for you to win your bet.
The following situations are good for betting on point spreads:
- When you bet on a heavy favorite. In this case, the point spread will provide a generous payout.
- When you back a competitive underdog. If you think the underdog may pull off a win, you could win big from the victory.
Over/under
In over/under betting, you place a bet on the total number of points scored by both teams in a game. The bookie will make a prediction about the final score, and your job is to predict whether the final score will be over or under that number.
Over/under betting is best for the following types of situations:
- Games that might be affected by the weather. If severe weather is predicted, then guessing under might result in a big win as the scoring might end up being significantly different than the prediction.
- When a game is particularly fast-paced or slow-paced. In the former situation, guessing over can be profitable, whereas in the latter, guessing under can be.
Parlay betting
Parlay betting involves the combination of different kinds of bets together in a single bet. With this type of betting, you really need to have a strong grasp of what the factors are that play into the game. It involves a lot of risk, but also a potentially big payout. In parlay betting, the different components are called “legs,” and you need to get each of the legs correct to win.
The following situations are potentially good for parlay betting:
- When you want the potential to earn a lot without taking a big risk.
- When there are two heavy favorites among the legs of a bet that you can potentially combine.
It takes practice
All of these might seem like foreign concepts at first, but it all becomes clear as you go along. Start out with simpler bets as this will help you get the feel for the betting process in general. As you learn how it works and start to develop a solid strategy, you can branch out into more complex types of bets. As you go along, be sure to pick up as much information as you can from the news, statistics sources, and anything else you can find as this will increase your chances of winning.