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Whether it is football betting or basketball betting, there are many types of betting you have to familiarize yourself with when you bet on sports. The top 5 types of sports betting popular in America are proposition bets, parlays, progressive parlays, teasers and if bets. Each type comes with its own advantages and payouts, so understanding each of them will help you get the most out of your bets. There are different ways to place a bet on sports that are widely accepted in America, whether it is football betting or basketball betting you’re indulging in. Betting through a bookmaker is very different from making bets with your friends, you cannot just go up to the bookmaker and demand to place a bet on sports without first knowing and familiarizing yourself with the different types. Each type has a name, and remembering them and the nature of wagers involved should help you make the most out of your football betting and basketball betting. Here are the top 5 different types of betting in sports : 1. Proposition Bets: Proposition bets are wagers made on different but specific outcomes of particular matches. For instance, in football betting, you can bet on the number of touchdowns a Giants player will make, or the number of runs the Red Sox will accumulate in a baseball game. Proposition bet on sports are arguably the most common type of bets, being a favorite with many casual bettors. 2. Parlays: Parlays are bets that involve multiple bets. The number of bets usually goes up as high as 12, and the payouts are huge. For example, in basketball betting, a bettor can bet on 2 different teams in a 2-team parlay, in which he is counting on both teams to win their matches to win both bets. If any of the two teams loses, he loses the whole parlay, and if both teams win, he receives a much higher payout than he would have received even if he had made the two wagers separately. 3. Progressive Parlays: It is the same as normal parlays, with only some differences. A bettor can still win a reduced payout even if he loses some of the bets. Also, the payouts here in general are smaller than normal parlays. 4. Teasers: A teaser bet on sports is somewhat similar to parlays. In a teaser, a bettor combines his bets on two or more different games, with the points spreads adjusted for the games if chosen to. As in a parlay, all the wagers must be won to win the whole bet, though the payouts are smaller in comparison. 5. If Bets: In an if bet, a minimum of two straight bets are joined together by an “if” clause which determines the whole wager process. If the first bet is won, the second one comes into play, with the third next and so on. Those were the top 5 different types of betting in sports popular in America. Like I said, familiarizing yourself with them will prove useful when you bet on sports. Betting is about excitement as much as winning money, so the best thing to do is to take it easy and go to an online sports betting website instead of bothering with a real-world bookmaker. It’s easier and more fun that way. Good luck! Bryan Jones is the owner of Diamond Sportsbook International (Sports Betting Company), and the brains behind the whole organization. He incepted BetDSI with a single all-important ambition – to offer bettors a safe, legal and secure online sports betting environment where they could wager bets on their favorite sports from anywhere in the world.
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