The beauty of sports betting is the variety of betting markets available, and today, we have many different types of sports betting to enjoy. Whether it’s football, tennis, or cricket, there are numerous types of sports bets to satisfy everyone.
On this page, you will discover the best types of sports bets and we will explain how each of them works, allowing you to choose the best type of sports bet for online gambling. Continue below as we present the leading types of sports betting markets.
1. Outright Sports Betting
Outright sports betting is one of the most popular betting markets. If you ask any punter about the different types of sports bets, outright sports betting is sure to be included. In the outright market, your option is to pick the team or individual you believe will win the league or tournament.
For example, using types of football bets, you can bet on which team will win the Champions League or the English Premier League using the outright betting market. This is the best type of sports bet for newcomers because it is simple to understand, and if you follow the sport, you will have an idea of which team or player to back in the outright sports betting market. However, if you prefer sophisticated bets, you can also explore available football transfers betting markets to bet on the transfer window.
2. Match Result/To Win Betting
The match result betting market and the to win betting market represent the same type of sports bet. For instance, if you were betting on a football match, you would use match result betting to predict the winner of the game. When betting on football, you have three options known as full time result betting: you can bet on either of the two teams to win, or you can bet on a draw.
Similar to outright sports betting, match result betting is popular because it is straightforward and accessible for everyone. The terms in different types of sports betting allow you to also engage with the to win betting market, typically used for individual players in sports like tennis or boxing.
The same basic principles apply: you can choose which of the two players will win, or in some sports, such as boxing, you can opt for a draw. For tennis, we highly recommend familiarizing yourself with tennis betting tips 1×2 before placing any bets.
3. Over/Under Betting
As we discuss the types of betting, the types of online sports betting markets become slightly more complex but are easy to grasp with a brief explanation. Over/under betting is best illustrated with football, as you can wager on the number of goals to be scored in the game.
However, you don’t have to bet on the exact number of goals; you can bet on whether the number will be over or under a specified amount set by the bookmaker. We recommend learning about the variants in over/under betting, as it can help in making more informed decisions later on.
The most common is over/under 2.5 goals, where you choose to back over or under based on the teams playing. The Over/under betting market is also applicable in many other sports, including boxing, cricket, and tennis, among others. This is one of the most popular types of sports bets as it spans across various sports and facilitates statistical analysis of teams and players.
4. Asian Handicap Betting
Asian handicap betting is a type of sports betting designed to equalize the chances of either team or player for betting purposes. For instance, if Real Madrid were to play a lower league Spanish team in the cup, Real Madrid would be clear favourites in the match result betting, and backing them to win would not be worthwhile due to low odds.
However, the Asian handicap betting market gives the other team a head start, such as a 2.5 goal advantage. Therefore, Real Madrid would need to win by three clear goals if you backed them in the Asian handicap market.
This makes the Asian handicap an interesting concept in betting markets. If you would like to learn more, please check the advanced guide to Asian handicaps for detailed information.
5. In-Play Betting
In-play sports betting comprises several markets, but we focus on the concept of in-play betting when discussing different types of sports betting. Also known as live sports betting, this type allows you to bet on an event while it is in progress.
Betting odds fluctuate as events unfold, and major incidents, like a goal scored in football or a wicket falling in cricket, will cause immediate odds changes. In-play sports betting is thrilling because you can watch the event unfold and place bets based on real-time observations. You don’t need to stress over statistics and past performances. For example, during the Champions League, you wouldn’t necessarily need Champions League bonus codes predictions. Instead, you can simply focus on the game as it progresses.
6. Where to Bet on Sports Online
When betting on sports online, you have many options. With numerous online bookmakers at your disposal, you can take steps to ensure you choose only the top ones. Reading online bookmaker reviews is a good starting point, but you should always conduct your own checks regarding licensing and regulations for your location.
Knowing where to bet and having a solid strategy is essential. Luckily, our experts at BonusAndCodes publish a variety of guides and strategies to assist you. We also highlight some of the best strategies employed by top tipsters, such as analyzing odds data over extended periods for specific sports. This may be too advanced for most casual bettors, but that’s no issue. We provide the best deals for players of all levels through our bonus codes.
Using promo codes is an excellent way to maximize value when signing up at an online bookmaker. Many leading brands, such as Singapore 1XBET with their sports welcome bonus, offer enticing promotions to help you get started. Additionally, ensure the bookmaker covers the sports and types of bets you wish to place before joining. We recommend our top picks to save you time and rely on our expertise:
7. Different Types of Sports Betting – FAQ
7.1 💵 What is sports betting?
Sports betting involves placing a wager on the outcome of a game, match, or competition, which may also include specific events within a game or match.
7.2 ✨ What is the best type of sports bet?
The best sports bet is outright sports betting, as it is the most common and easiest to understand.
7.3 📟 What are sports betting odds?
Sports betting odds are the numbers used when placing a bet. They determine the potential winnings based on the bet amount and the odds given for the outcome.
7.4 ⚽ What are the best types of football bets?
The different types of sports betting for football include match result, over/under betting, Asian handicap, and in-play betting markets.