96Ace: Types of sports betting in Malaysia
sports betting is one of the most popular game types as it taps into the enthusiasm of sports fans. A bet allows supporters to demonstrate their knowledge of a sport or their loyalty to a particular club or player.
Although football competitions attract a lot of attention, the majority of sports betting takes place on horse racing. Other sports betting events such as boxing, basketball, baseball and cricket are also popular for betting. But not as important as horse racing.
Although online sports betting can be profitable, a sports bettor should familiarize themselves with all the important terms used in this industry before getting started. From then on, the research phase begins. This may include reviewing team tendencies, odds, or selecting the best sports betting lines.
The consultants at 96Ace and SGOnlineCasino will give you a quick overview of the different types of sports betting available.
Money Line Bets
A Moneyline bet is the simplest and most common type of all kinds. In its simplest terms, it is a bet on which team will win a match.
For example, if you want to bet on the baseball team of your choice to win, you would bet on their moneyline. Your bet is successful if the team wins. If the team loses, you lose your bet.
The moneyline is the easiest way to put your college football knowledge to the test. Each year, the largest handful of online sportsbooks are generated by National Football League (NFL) and college football betting.
A point spread bet is another popular type of sports bet. When betting on a spread, you are betting on a team’s winning margin rather than the final score.
A minus symbol indicates your favorite team, while a plus symbol indicates an underdog team. If a team is at -6.5, for example, they must win by more than 6.5 points.
While the opposing team would receive a +6.5 point difference, which means they must either win or lose by less than 6.5 points.
Over/Under (Bet on Totals)
Besides Moneyline and Spread betting, total is also a well-known type of sports betting. A total bet is a bet on the total number of points scored by both sides in a match.
This bet is also known as an over/under bet since you are betting on whether a total will be over or under the total bet. When you bet on the most, you are betting that both teams will score more runs than the stated total. A lower bet, on the other hand, indicates that you think there will be fewer points than the indicated total.
The most basic bet in sports is the straight bet. A straight bet is most likely familiar to sports fans. It is also the most common bet among sports players, especially in sports like football and basketball.
A straight bet is defined as betting on the outcome of a single sporting event. For example, a straight point spread bet is the easiest way to bet on football. When placing this bet, the player must bet on a team that covers the point spread. This indicates that your favorite team must win by a certain number of points, otherwise the underdog will be awarded those points.
Parlays have a special place in the history of sports betting. Parlays are called variously in different parts of the world. This bet is also known as “accumulators” or “multis” depending on the bookmaker and region.
A parlay bet combines multiple bets into a single bet. This is accomplished by carrying over the winnings from each bet to the next “leg” of the bet. For the parlay to be considered a winner, each “leg”, or individual bet, must all win.
Assume a bet of RM100 on a three team bet with first team +170, second team +105 and finally last team +205. The RM100 bet pays out a huge payout of RM1,815 if all three teams win.
Bets on accessories
Proposition betting, also known as proposition betting, has been around for as long as individuals have been able to agree on a bet. A prop bet is a bet made on the occurrence or non-occurrence of an event that does not directly affect the outcome of play during a betting game.
When the point spread or total reaches the exact number you bet on, it is called a push. Unlike a push, most prop bets have a winner and a loser.
Prop bets have become widely available in recent years as player demand for them has increased. The Super Bowl, in particular, has become a test case for bookmakers’ ability.
A futures bet is a type of bet on the outcome of a sporting event in the future. This can include winning a league title or a team’s total number of wins.
When interpreting futures bets, keep in mind that normal bets are often determined by a single game, while futures bets are determined by multiple games. They consider the total result of a season rather than the results of individual matches.
Handicap betting is a way for bookmakers to make a sporting event fairer in terms of betting odds. Bookmakers will provide a ‘handicap’ to one of the participants in an event, which they must overcome in order to win. This mostly happens when one team is significantly better than the other.
This type of bet is used in sports such as rugby, American football, tennis and basketball. Some bookmakers even offer handicap betting on horse racing.
Due to the large amount of betting options, basketball is a great sport to learn to handicap. This type of betting is extremely popular in National Basketball Association (NBA) leagues.
A teaser bet is linked to several bets. The main difference between parlays and teasers is that it is exclusively point spreads and it is supposed to pay the same as a regular single bet rather than a huge payout.
The most popular teaser is a two-team, six-point football game. This bet pays the same amount as a single bet of -110 points and adds six points to those spreads. However, for the teaser to be cashed in, both parties must complete the new spreads.
The option for punters to make further bets after play has started is known as live betting, often referred to as in-play betting or betting in progress. As the game progresses, the odds and your chances of winning change. It lets you enjoy the odds while you watch the game.
It is important to grasp the odds if you plan to start betting on both casino games and sports betting. However, to place smart bets, you will need a thorough understanding of the many types of bets as well as their different formats.