If you want to make money from betting on sports, you’ll have to know how to navigate the sportsbook. There are several types of wagers you can make, including Betting outcome on point spreads, Arbitrage, Parlay, and Moneyline bets. Let’s take a look at some of the more popular wager types. This article is meant to give you an overview of all of them. Then, you can go ahead and use these strategies to make big money.
Betting outcome on a point spread
If you’ve ever placed a bet on a game that had a point spread, you’re probably familiar with the concept of point-spread odds. This betting market features different wagers depending on the game’s point spread, as well as the house edge. To determine the value of point-spread bets, you should know the point-spread odds and the sportsbook’s point spread policy.
Parlay bets
In order to win a parlay bet, you must win each leg of the wager. The payout increases as more legs are included in the parlay. Sometimes, sportsbooks give prohibitive favorites longer odds than 1-to-10 to keep the action flowing both ways and from causing the sportsbook to go broke. For example, Alabama is given odds of -800 to win its SEC rival, meaning it has one chance in ten of winning.
Moneyline bets
If you are new to betting on sports, one of the first things you should know about moneyline bets at a sportsbook is what they are. Moneyline bets aren’t necessarily straight up bets, but they are close enough to be worth a look. These types of bets usually have lower vigs. The moneyline bet is made on a team’s ability to win and not the point spread. It can be used to determine a favorite or underdog, as well as the talent and matchup between two teams.
Arbitrage
You may have heard of arbitrage in sportsbooks, but do you know what it is? It is a method of betting in which you bet on the game with odds that are higher than the odds offered by the bookmaker. This strategy is legal as long as the house wins. The key to executing this strategy is to have many accounts, preferably multiple ones. This way, you can hide your arbing activities from the bookmakers.
Sure-betting
The best way to make money with sure-betting at sportsbooks is to find markets with high liquidity. This can be achieved through the use of software called arbing. These softwares place bets on a number of bookmakers at once, freeing you to focus on other aspects of your betting. For example, you can use one of these softwares to bet on football matches, while the other will be used to place bets on other markets.