Sports betting is one of the most popular things to do while online casino gambling. Like traditional brick and mortar establishments, the online bet makers offer a wide variety of betting options. One can pick winners and losers, the point spread, and in most cases the total points of a contest. This can be done with a straight bet, a multi-bet parlay, or even teasers in certain sports. Casual bettors can even choose futures betting as a way to place their wager.
Like a traditional casino, online gaming offers your ability to place wagers on sports contests while setting odds and payouts just like a Vegas line would. One can place their wager on a variety of sports including professional football, basketball, baseball, and hockey. College athletics also is an option along with virtually any sporting event like MMA, boxing, and soccer. If there is a contest between two or more participants, then you can place a wager on it. When placing a wager on sports, online casino gambling allows you to bet straight up on the contest. Commonly known as the moneyline, you pick the winner or loser of the contest based on odds set by the house. The spread is referred to as the difference in the final score.
Based on the odds a wager can be placed as to whether a team will win by more or less points than the house sets as the standard. For example if the spread of New York and Miami is 3 points, then a wager can be placed upon whether either team meets or beats the expectation set by the house. The final aspect of sports betting is that it allows someone to bet the total score of the contest. Generally referred to as the over/under, a wager is placed that the total score will be higher or lower than the standard set by the house. So if in football the over/under is set at 35. a wager is placed on whether the total final score of the game is less than or more than 35. Usually if the number is hit exactly then the wager is returned as a no bet.
One does not simply have to place a single wager at a time. Many people do and that is great. They may get more than they bet back if picking a straight underdog or less than the wager if they pick a favorite. The total win is the initial bet plus the odds winnings. Those who are a little more adventurous however like to combine their wagers into a combination bet commonly called a parlay. In a parlay, multiple wagers are placed and combined together to multiply the odds of winning and therefore the payouts. Most casinos have two to twelve way parlays. These type of bets can have huge payouts as they are exponentially harder to pick, therefore multiplying the payout. In the example of a three way parlay, three single bets say New York, Miami, and Chicago to win are placed in the same wager.
If all three components of the bet come in, then the casino will pay a larger payout for the same amount bet. An experienced gambler can parlay a single bet to big payouts if they correctly chose the outcome of a contest. The interesting thing about a parlay is that any type of bet can be parlayed depending on the house rules. Moneylines, Over/under, and Spreads can be added together to increase the payout. Intricate bets require very specific outcomes of the contests and if you pick them right larger rewards are achieved. A teaser bet is a parlay that allows the odds to be altered in your wager with a smaller payout. There is less risk in this bet and therefore less reward.
Sports betting can also accommodate the casual or cautious bettor when placing a wager via online casino gambling. Futures betting can allow a single wager to be placed on an outcome way in advance. For Example one can chose a certain team to win the division, league, or world championship very early in the season or pre-season. So if I choose Miami to win the world title in pre-season and it comes to fruition, then the payout can be much greater than betting the same action after the regular season has ended an Miami is guaranteed to be one of the participants in the championship. This option appeals to many as they may only want to place a “loyalty bet” for their favorite team in hopes that bragging rights can earn them a few extra dollars.
So as one can see, online casino gambling offers a wide variety of ways to place wagers on sports and sporting events. One can bet on the outcome, total score, or point difference. One can bet straight up or parlay the action into a larger payout. What you bet and in what combination is up to the individual and is what makes sports wagering such a popular activity.