Types of Sports Betting
Whether you are new to sports betting or you’ve been doing it for years, there are a few things you should know. First, there are legalities, and second, there are types of bets. These include prop bets, money line bets, and over/under bets.
Legality
Whether or not sports betting is legal in the United States is a complicated question. There are many laws in place, and each state has the authority to regulate gaming activities within its own borders.
The Professional and Amateur Sports Protection Act (PASPA) was passed by Congress in 1992 to protect the integrity of collegiate and professional sports. In addition to granting immunity to four states, it prohibited sports betting in the other twenty-two states.
PASPA was ruled unconstitutional by the Supreme Court in May 2018. The Court’s decision opened the floodgates to sports betting in the U.S. However, the federal government maintains its opposition to online sports gambling.
Types of bets
Choosing the right bet type can make a huge difference in your winnings. If you are new to sports betting, you may be surprised at how many different types of bets are offered. Here are a few tips to help you find the right one.
A money line bet is a bet that the team you choose will win the game. Money lines are most often attached to certain teams or competitors. You can bet on a team to win by a certain number of points or to win the game outright.
Over/Under bets
Choosing a sports book isn’t all fun and games. You also need to understand your budget and decide which sports you can and can’t afford to bet on. To ensure you aren’t going broke in the process, check out these tips to get the most out of your dollars.
The over/under bet has been around since the early days of sports betting. However, there are plenty of variants to choose from. For instance, there are bets on moneyline, point spread and margin. It’s a good idea to keep an eye out for a bookmaker that offers multiple betting options.
Prop bets
Using a prop bet as a betting strategy is a great way to make a wager and have some fun at the same time. While props are not as common as they once were, it is not impossible to find them at your local online sports book. Some books even offer a variety of props on the same game.
Most books will not post a prop menu until the primary lines are live. However, some will give you a look. Props are a great way to diversify your bets and increase your chance of winning. Props can be placed on anything from the color of Gatorade to the size of the national anthem.
Money line bets
Regardless of the sport, money line bets are a great way to make money. These bets are very simple to understand, and allow you to choose the team that you think will win.
Money line bets have a wide variety of odds, so you can choose from a number of different betting options. The odds will change depending on the state of the game. If the game is a toss-up, the odds may be relatively close. But if the team you’re betting on has an advantage, you can expect a high payout.