Types of Bets

As the name suggests, a single bet is the simplest and most basic type of online betting. It consists of betting on the outcome of a single event.

Because of the result of a game, a single bet can either win or lose. Single bets can be reduced in risk by each-way betting, which pays out if your choice comes out on top.

For example, in a final result bet, also known as a 1x2 bet. This bets on whether the home team will win, draw or lose.

A combination bet, also known as an accumulator bet, is a bet in which a player places several selections in a single bet, but the selections do not need to be combined with each other. Each selection is a separate and independent bet, but are all included in a single bet.

For example, a player can bet on three different football matches in a single multiple bet, but the three selections are independent of each other and do not need to be related in any way, however, all the selections involved must have won for the bet to be considered a winner, if one selection loses, the entire bet is lost.

System bets allow you to place multiple combination bets on a single betting ticket.

These combined bets are organized into a betting system, which may include various combinations of selections and outcomes.

The potential return is higher than on individual bets but lower than on combined bets.

This is because the betting system reduces the risk, as not all selections need to be winners for you to receive a payout. The potential payout depends on the number of winning bets and the odds of each selection.

Handicap betting is a type of bet that balances the winning odds between teams or players in sports such as football, basketball, and tennis, this is done by adding an advantage or disadvantage to the final result.

This type of bet can be advantageous for players who wish to bet on teams with lower winning odds, but can be more complex than simple bets.

For example, in a football match between a very strong team and a weaker team, a bookmaker may offer a handicap of -1 for the strong team and +1 for the weaker team. This means that if a player bets on a strong team with a -1 handicap, the team will need to win by at least two goals for the bet to be a winner. On the other hand, if a player bets on the weaker team with a +1 handicap, the team must lose by one goal or win the match for the bet to be a winner.

Head-to-head bets are a type of sports betting where the player bets on who will win a match or competition between two opponents.

This type of bet is common in individual sports such as tennis, boxing, and horse racing, but can also be applied to team sports such as football and basketball, where two teams compete against each other.

If the bet wins, the player receives the return on the bet based on the odds offered by the bookmaker. Head-to-head betting is a simple option for players new to sports betting.

Odds represent the probability of an event occurring in a sports bet. They are presented as a ratio between the bet amount and the potential return, indicating the amount of money the player can win if the bet wins.

Odds are expressed in different formats including decimal, fractional, and American. In general, lower odds represent a higher probability of the event occurring, while higher odds represent a lower probability.