Betting and sports betting has always been very popular. So let us first define betting and sports betting. Betting is the activity of predicting the outcome of a certain event or result placing a wager on the predicted outcome. Sports betting is a similar activity. We predict the results and place a wager on the result we predicted. There are many ways to bet on sports, which, although different, are still related. With the appearance of the Internet, many new forms of betting on sports have appeared which, in addition, have made betting even more interesting than it used to be, and its popularity has kept growing ever since. Additionally, many, if not all companies now advertise bonuses and promotions for new customers! But, how can you navigate all this information when you’re first starting out?
In the following paragraphs, we will explore different forms of sports betting: fixed odds, in play, live betting, exchange betting, spread betting, daily fantasy sports, Pari-Mutuel betting.
FIXED ODDS BETTING
Fixed odds betting is a traditional form of betting on sports, and the most popular among gamblers. So what are fixed odds sports betting? Fixed odds sports betting is when all sides agree on the odds. So when the fixed odds is agreed the gamblers put their wagers. The wager is paid out of the agreed odds if it wins. With fixed odds, you bet on the team that will win, on the player that will win the tournament, etc. You can actually bet on anything you desire. So if you are new at betting, we recommend the traditional fixed odds betting.
IN PLAY BETTING OR LIVE BETTING
In play betting or live betting is a relatively new type of betting and it is a form of fixed odds betting. The difference between the fixed odds betting and in play betting is that you play on the events after they have started. The advantage of in play betting is represented in the variety of betting opportunities. In addition, since you play after the game has already started you can somehow see how the game will turn out to be before making your bet. The internet made live betting extremely possible, so try it and see for yourself.
What is exchange betting? Just like live betting, exchange betting is also a relatively new type of betting which has become popular over the years. With exchange betting the odds are fixed when you place your wager, however, the difference is that there is no bookmaker involved. The wagers are placed between gamblers, you basically gamble other people, not the bookmaker. When you place your wager you take the role of the bookmaker and the person who you are wagering with is your bookmaker. It does sound confusing but you should try it!
Spread betting is a type of betting which is completely different than fixed odds betting. It resembles betting the over or under, or total betting. You predict whether or not a specific value will be higher or lower than the one set by a bookmaker. However, spread betting is not as nearly popular as fixed odds, but we recommend you to try it.
DAILY FANTASY SPORTS
Betting on fantasy sports, sports including a fantasy team of real players based on certain criteria is relatively new. However, over the years they became quite popular. You can bet on your fantasy players or teams.
Pari-mutuel betting also removes bookmakers. The wagers go into a pool, and the winning wagers are paid out of the pool, as simple as that.