Before placing a wager, it is best to be informed about all options. Straight bets are more long-term. Although you won’t make a lot of money right away, it will build up over time. Parlay betting offers more chance of bigger payouts faster. These bets are usually a weekly one. You can use the teaser bet in many ways. Although you won’t make much on teasers due to the lower payouts, they can be a great way to “hedging” your wager. We will explain “hedging” in greater detail later. Round robin betting is a combination of straight and parlay bet payouts. These can either keep you on the edge for the long-term or provide a quick payout. These explanations will help you make the right decision and you’ll find a betting option that you enjoy.
Straight bets are the easiest option for football betting. I will simplify that: making the bet is easy, but picking the right bet for you is much easier if you have the right picks and knowledge. Straight bets are exactly what they sound like. It’s as simple as that. You just find the team you like, and then you bet on it. It’s a single-team wager.
You might like the Bengals -5 to the Texans. You would then go to the Casino or place an Internet wager and inform the Sportsbook that you would like 50 units for the Bengals. If they cover, your original bet will be refunded plus 45.5 units. The same applies if you prefer an over/under. Let’s say you like the Chief’s over, which is 50. The same wager would be made as with the Bengal’s match and the payout would be the same. Straight bets are a way to wager on the entire season.
This isn’t the most lucrative bet book has to offer. If you keep your bets in place for the long-term, the profits will eventually begin to show. This is the most popular option for handicappers.
Money line betting is similar to the straight bet but with a twist. This is a straight bet that bets on a football match on the money line. It involves placing a bet on the winner without any spread. Let’s return to the straight bet example. We liked the Bengals -5 to the Texans in the straight bet. We have two options when we place the money line wager. You could either bet on the Bengals winning the game, or the Texans winning the game. There are no point spreads. Just win the game.
This is known as the money line wager. However, there is a distinction between these two options. You must place a greater amount than what you are likely to win if you choose to bet on the favorite. This is because you’re removing the point spread, making it easier to win your bet. You can choose to pick the underdog if you want to prove that the underdog will win and not just cover the spread. You stand to win more than what you bet in this instance.
Parlay is the next option in betting. Parlays are easy to make, but can be difficult to win. Parlay allows you to place multiple bets with the possibility of big payouts at the end, if all the games win. Point spreads for all games are the same as straight bets, so there is no difference. Imagine that you like the Dolphins +2 to the Eagles, and that the over is at 37. You would then go to the sportsbook and tell them parlay, the Dolphins and over for 50 units. You will get your 50 units back and an additional 180 units if both bets are covered. This is a much larger payout than the standard straight bet, but it’s also a bit more difficult to win. It’s considered harder if only one of the games doesn’t win, or draw.