These wagers venture beyond the standard game outcome predictions, delving into specific aspects of the event. They are often harder to predict but are also a great way to increase the entertainment value of sports betting.
Prop Bets (Propositions)
Proposition bets, often called props, focus on specific occurrences within a game or event, independent of the final score. These bets offer a diverse range of possibilities, catering to different interests.
Example: In the Super Bowl, a prop bet might be “Which team will score the first touchdown?” with odds of (+150) for Team A and (-200) for Team B.
The world of sports betting offers a vast array of options, appealing to diverse preferences and risk tolerances. While traditional bets on sportsbooks such as Betcris, including moneyline and point spreads remain popular, many seek the thrill and potential high payouts associated with exotic bets.
Betting Tips
Source: sportinglife.com
For player-specific props, analyze their recent form, matchup history and potential injuries. This can give you a better understanding of their likelihood to meet or exceed the prop bet’s requirements.
Look at factors like weather, playing styles and potential score disparities when betting on game-related props. For example, if a team is known for its strong defense, you might consider betting on the under for the total points scored in the game.
Shop around for the best lines to maximize potential returns. Different sportsbooks may offer different odds for the same prop bet, so it’s important to compare and find the most favorable odds.
Parlays
Source: bet-experts.com
Parlays, also known as accumulators in some regions, combine multiple individual bets into a single wager. All selections within the parlay must win for the entire bet to pay out. The potential rewards can be significant, but the difficulty of correctly predicting multiple outcomes increases exponentially with each additional leg.
Example: A parlay might combine the following bets:
- The Kansas City Chiefs to win the Super Bowl (moneyline)
- Travis Kelce to score two touchdowns
- Total points scored to be under 43
Betting Tips
Begin with parlays containing only a few selections to enhance your chances of success. While larger parlays offer higher potential payouts, they also come with a higher risk of losing. Starting with smaller parlays can help you gain experience and confidence in your betting strategy.
Prioritize individual bets with strong win probabilities to increase the overall parlay’s viability. Look for bets with favorable odds and a high likelihood of winning.
Choose bets that may influence each other, like a team winning and their top scorer exceeding points. Correlated bets can increase the overall chances of winning a parlay, as the outcomes of the individual bets are related. However, be cautious with correlated bets, as they can also increase the risk of losing the parlay if one of the bets does not go as expected.
Teasers
Source: typesofbets.com
Teasers, similar to parlays, combine multiple bets. However, teasers allow you to adjust the point spread or moneyline slightly in your favor, reducing the risk but also decreasing the potential payout.
Example: A 6-point teaser might adjust a -7 favorite to a -1 favorite and a +3 underdog to a +9 underdog in a parlay.
Betting Tips
Be aware that teasers typically reduce potential payouts significantly compared to standard bets. While teasers can offer a lower risk of losing compared to parlays, they also come with a lower potential reward.
Employ teasers when you are confident about the overall outcome but unsure of the exact margin of victory. Teasers can be a useful tool when you have a strong opinion on the outcome of a game but are less certain about the point spread or total.
Keep the teaser concise to avoid diminishing the potential returns further. While teasers can offer a lower risk of losing compared to parlays, adding too many selections can reduce the potential payout significantly.
Futures
Futures are bets placed on events occurring in the future, often pertaining to season-long outcomes. Examples include predicting championship winners, individual player awards, or season records.
Example: A future bet might be, at the start of the season, on the LA Lakers to win the upcoming NBA championship at odds of (+800).
Betting Tips
Analyze historical data and recent performance to identify teams or players with strong chances of reaching your desired outcome. Look for teams or players with a history of success or a strong track record in similar situations.
Look for bets offering higher potential returns compared to the perceived likelihood of the outcome. Value bets are bets where the odds are higher than they should be based on the probability of the outcome.
Odds typically shift closer to the event, so placing bets earlier might offer more value. By placing bets early, you can lock in favorable odds before they change. This can help you get the best possible value for your bets and increase your overall profitability.
Round Robins
Round robins are a unique parlay variation that allows for multiple winning combinations within the same set of selections. This mitigates the risk of losing the entire bet if one selection falls through.
Example: A 3-team round robin creates three separate 2-team parlays, ensuring at least one winning combination as long as two out of three selections win.
Betting Tips
Round robins become complex and expensive with too many selections, diminishing their benefit. While round robins can offer a way to hedge your bets and potentially increase your chances of winning, adding too many selections can make the bet too expensive and complex.
Consider round robins when unsure of the exact winner in close matchups between evenly matched teams. Round robins can be a useful tool when you have a strong opinion on the outcome of a game but are less certain about the point spread or total.
Round robins can involve multiple bets simultaneously, so manage your bankroll accordingly to avoid overexposure. While round robins can offer a way to hedge your bets and potentially increase your chances of winning, they also come with a higher risk of losing. It’s important to be cautious with round robins and avoid betting too much on them to avoid overexposure and potential losses.
