Basic Bookmaking Tips: Types of Bets Part One
Getting your bookmaking knowledge sharp is vital if you want to make more than losses from your wagering players. One of the very basic things you should know before even attempting to start taking bets is the different types of wagers that are possible to get through online outlets. To make it easier for you, here are some of the most common bets that pay per head software offers and how they work:
• Straight Bets: these are the bets that are made in opposition to spread. In case you need to refresh your knowledge, the spread is the number that handicaps one team and favors another, and is usually assigned by the bookie.
• Proposition Bets: these are the wagers that are made on an extremely exact result. For instance, wagering on the number or goals or score of each team counts as a proposition bet.
• Parlays: these include up to 12 bets at once, although in some case it might be less than that.
• Progressive Parlays: This type of bet includes several wagers at the same time. They are rather similar to regular parlays, although they do not pay as much.
• Teasers: This type of bet allows the bettors to combine bets on more than one different game.
• If bets: This type of bet consists in joining together to straight bets by an “if section” that determines the wager.
• Future Wagers: Although it is name might sound a little bit redundant, since all the bets are made on future events, these types of wagers are made on long terms, usually measured on weeks or months.
• Head to Head: These wagers do not depend on the overall result, rather than that, they are based on the outcome of 2 specific competitors.
• Totalizators: Also known as flexible rate bets, these are based on real time changing odds that depend on the share of total exchange of all the possible outcomes and the return rate of the pay per head bookie.
• Second Half Bets: This type of bet is pretty self-explanatory. These are the bets that are made exclusively on the halftime of a game. It can be placed on, over or under the spread.
• In play wagering: Although it is not a very common type of bet, th ese are those wagers that can be placed on sporting events while they are still in progress.
Hope this guide is helpful to you, and happy bookmaking! Read Part Two of this Series
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