The Different Types Of Sports Wagers
Mon 10 Apr, by Nandeesh Pandey

Exploring The Various Forms Of Sports Wagers

Even if you’re only into sports betting to relax and unwind, knowing the kinds of sports wagers you can place in this space never hurts. It just might increase your enjoyment of the activity even more. This fact goes double for punters who’re in it strictly for the money. Considering that, we’ll closely examine some of the most popular bets you can take in sports today.

The Most Common Types Of Sports Wagers In 2023

Some of the most high-profile bet types that you can take in sports betting at the moment include but aren’t limited to:

#1 – The Moneyline Bet Type

The money line bet is considered one of the most accessible types of bets you can place in sports by many professionals. With these types of bets, you must choose which side you think will come out of a given event as the winner. As such, you must delve into stats relating to both sides’ offensive and defensive capabilities. And, because it’s clear who’s the favorite and the underdog, bettors don’t have to go through much hassle when deciding with this bet type.

#2 – The Over/Under Goals Bet Type

It is a niche and quite an exciting type of sports betting. Over/under goals betting is a type of wager in which a punter bets that the total number of goals scored in a given event will not meet or exceed a specific benchmark. It can get even more niche as the bettor can decide to wager that one side will score a particular number of goals in the event. Making an accurate prediction here can take considerable effort as you’ll have to account for several factors properly before placing your bet.

#3 – Parlay Bet Type

With parlays, a punter has to combine several individual sports wagers into a single ticket. The downside is that you forfeit the total bet (or a sizable chunk) if even one game doesn’t come as predicted. On the other hand, should all your predictions hit the mark, you’ll walk away with a staggering payout. Thanks to this, this market remains quite appealing to many new and seasoned punters. Please note that this is truly a more complex type of bet. As such, beginners should always take their time and prepare thoroughly before approaching this market.

#4 – Futures Bet Type

In this betting market, a punter has to wager on the outcome of a given event in the future. For example, you could bet on the overall winner of the English Premier League 2022/2023 season or the winner of the NBA for this season. These bets carry decent odds and can be profitable. Conversely, it would be best if you kept in mind that anything can happen to change your expected outcome.


No matter which bet type you take in sports, you will have a great time. However, it certainly helps to choose a market that suits your betting style best and work with that.

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