Sports betting and its prominent types

Mike Page
Authored by Mike Page
Posted Monday, May 25, 2020 - 7:53am

For as long as people are playing sports, they have been betting on sports. Today owing to technology, we have both offline as well as online sports betting options. You can get access to William Hill offers that allow you to bet on your favorite sports from the comfort of your house. If you are new to sports betting, then this is the perfect guide for you. In this blog, we are sharing different types of sports betting -

Fixed Odd Betting 

Fixed odd is one of the most preferred types of sports betting. Fixed odd is a term that implies that both the players agree on the particular odds while the wage is being placed. Subsequently, a wager is paid out on the basis of those odds, even when there are movements on those odds. This is a straightforward way of betting wherein the wager is put on the basis of the current happenings of the sports event. 

Exchange Betting 

Exchange betting is a comparatively new type of betting in the domain of sports gambling. Essentially, the wager you bet at an exchange is similar to the one in traditional sports betting. During the time of the wager, the odds remain fixed; however, there is no bookmaker involved here. Eliminating the need for bookmakers, in exchange betting the wager is put between bettors. 

Daily Fantasy Sports 

Fantasy sports are not exactly a sports betting form. There are no direct wagers on the results of the sports; however, it continues to be referred to as a form of sports betting. Similar to other betting types, you have to put your knowledge of sports, and you risk your money in an attempt to earn more money. 

Basically, fantasy sports betting is about creating a fantasy team of different players then enter in a contest or league against other teams. And the team can earn rewards based on how the players perform. 

In-Play or Live Betting 

Live betting or in-play betting is a type of fixed-odds betting. While the wagers are placed in a similar manner as in a fixed offer, there is one prominent difference. In traditional sports betting, the wagers are placed prior to the sports event has started. Live betting, on the other hand, adheres to different rules as it allows players to put the wager any time during the sports event until it gets over.

This is a relatively new form of sports betting but has gained tremendous popularity due to the potential of the internet. This type of betting is only available online, yet it has an extensive following. A majority of online sports gambling platforms offer live betting options and cover a wide variety of sports as well as events. 

Spread Betting 

Spread betting is somewhat similar to totals betting or better the under/over. This form of betting requires players to predict whether or not a particular value will be lower or higher than the amount, which is marked by the bookmakers. Irrespective of how the event unfolds, the results will be clear. If your prediction is right, you will be rewarded with the odds, but if you lose, you have to give up your stake. 

Pari-Mutuel Betting 

Pari-Mutuel sports betting was invented back in the 19th century. It is very straightforward where wagers of all the players involved in a particular betting market are collected in a pool. The wagers are settled post the completion of sports events out of the pool. 

Sports betting has been around for centuries, and with passing years, we are experiencing new and exciting ways of sports gambling. Above, we have mentioned some of the popular types of sports betting. 

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