Get to Know the Different Types of Point Spread Betting

Point spread betting has become very popular in recent years, thanks to the internet. Now, more than ever, placing a wager on any available sporting event is easy. If you’re unfamiliar with point spread betting, don’t worry—we’ll review everything you need to know! This article will give you an overview of the different types of point spread betting and what strategies you can use to help boost your winnings.

Moneyline

A Moneyline bet does not have a point spread. The payout is a set dollar amount for each dollar wagered. For example, if you wagered $1 and your team lost by 5 points or more, you would be paid $5 plus the original $1 you wagered. With a Moneyline bet, the team does not need to win by a certain number of points to have your wager successful; it only needs to cover the specified spread for you to receive your payout. Moneyline bets offer good value when one team is expected to win easily with few risks.

Prop Bets

In addition to standard point spread betting, there are other bets you can make. These are called proposition bets or prop bets. The two most common prop bets are coin tosses and over/under points scoring in a certain amount of time. Other bet types available include popular sporting events like the Super Bowl or presidential elections. Prop bets can also be based on how long an event takes or whether it happens at all. While these types of point-spread betting take some practice, they can provide an opportunity for higher payouts and some clever wagers!

Totals/Over-Under

This type of betting is based on which team will score more points in a match. The Over option means that each team has a chance to score more than their opponents and you predict that one or both teams will surpass their opponent’s total. The Under option allows for the possibility that a team scores less than or exactly as many points as its opponent, and you predict this will happen in one or both matches. To win, your selection must exceed what was expected during your bet.

Parlays and Teasers

One way to gain an edge on point spread betting is by mastering parlays and teasers. A parlay consists of two or more individual wagers in a single line that must win for any wager to cash. In a teaser, you bet on one team and are then offered a point value adjustment with which they’ll need to beat the favourite for your bet to be successful. 

Conclusion

As you know, there are many different types of point spread betting. Choose wisely based on your knowledge, tolerance for risk, and time. The more time you put into research and practice, the better you have at finding an enjoyable type of point spread betting that matches your needs. Parlay betting is the right choice for you if you enjoy sports but want a little less stress with higher odds. If you want something more challenging or adventurous, then long-shot betting is what you need. If short-term bets excite you the most, then penny bets may be perfect for your lifestyle.