The Different Types of Sports Bets and Their Payouts
Many different types of bets can be made on sporting events, and each type of bet has its odds and payouts. The most common types of bets are Straight Bets, Parlays, Teasers, If Bets, Action Reverse, Futures, and Propositions.
Straight Bet: A straight bet is the most common type of sports bet. You are betting on a team to win or lose with a straight bet. The amount of points a team wins or loses does not matter. If the team you bet on wins, you win the bet. If they lose, you lose the bet. So, think and play at Mwplay888.
Parlay: A parlay is a bet that combines two or more straight bets into one bet. The odds of each bet determine the odds and payouts of a parlay. For example, if you bet on two teams to win their respective games and both teams win, you will win the parlay. However, you will lose the parlay if one team wins and the other loses.
Teaser: A teaser is a bet that allows you to adjust the point spread or total in your favor. For example, if you bet on a team to win by 7 points and they only win by 3, you will still win your bet. The downside to betting on a teaser is that the payouts are reduced because the odds are in your favor.
If Bet – It is a bet that combines two or more straight bets into one bet. The first game determines the first part of the bet, and the second game determines the second part of the bet. If the first team wins, the second bet is placed. If the first team loses, the second bet is not placed.
Action Reverse: An action reverse is a bet combining two or more straight bets into one. The first game determines the initial portion of the wager, while the second game determines the latter. If the first team wins, you win the first part of the bet and lose the second part.