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You can join as many online sportsbooks as you want, but you first need to understand the various sports betting wager types for online betting in NY. Many bettors, both beginning and experienced, make the mistake of only focusing on what they believe is the “best” type of wager to place. Truthfully, no one wager is better than the other, as several factors go into placing the right wager. The key to making a smart bet is knowing all of the types of sports bets that you make, and then choosing which one fits the situation. For example, if the Buffalo Bills are heavy favorites but are 5-1 ATS the spread that season, you may find more value on betting the Bills to cover the spread. Likewise, in baseball betting it may be more profitable to make a bet for the first five innings rather than the full ball game.
Soccer attracts audiences fro nearly every country in the world to come together and watch a match that is happening. People around the globe not only love to watch matches, but to bet on soccer. We explain how to bet on horse racing including detailed explanations on win, place, show, and exotic bets.
While the odds will change, sports betting wager types remain consistent throughout online sportsbooks. Those new to sports betting can benefit from our detailed wager type explanations, where we also provide examples of real betting lines that you might come across. Always understand the type of wager that you’re making before laying any money down. In addition to reading about types of sports wagers on our page, all New York sports betting sites have wager type guides that you can use as backup.
Types Of Wagers At New York Sports Betting Sites
Learning how to read betting odds is a feat in its own, but now it’s time to learn the types of wagers at New York sports betting sites. There are a wide range of wager types accepted at online sportsbooks, with some more complicated than others. Typically, the more complex the wager, the greater the potential payout. For example, winning a 3-team parlay will payout much more than three bets laid out separately. We will walk you through the various sports betting wager types that you will find at NY online sportsbooks.
Moneyline
Moneyline bets are the most straightforward of sports betting wager types that you can place. Also called a win bet or a side, you put money on which team you predict will win the game. One side will be favored, which will require you to put more money down, while the other side will be an underdog. Here is an example that can be applied to all types of sports:
- Arizona Coyotes +152 vs New York Rangers -168
To bet on the New York Rangers, you would need to risk $168 in order to win $100. Betting on the opposing team would win $152 on a $100 bet.
Point Spread
The point spread is one of the more popular sports betting wager types, especially with NFL and college football betting. You will also find point spreads in basketball, hockey, and soccer. In spread betting, each side will be assigned a number of points and you will wager on if the team can cover the spread. The favorite must win by a greater margin than indicated by the spread, while the underdog can either win or lose by a margin less than indicated by the spread. Here is an example of an NFL point spread:
- Atlanta Falcons -5 vs. New York Jets +5
The Falcons are favored to win, meaning they must win the game by at least 6 points to cover the spread. If you bet on the New York Jets, the team can either win outright or lose by no more than 4 points. If either team wins or loses by exactly 5, the bet would be considered a “push”. It is common to see point spreads listed with a ½ point in order to prevent a push, i.e. 5 ½ points vs 5.
Totals Betonline ag promo code. Sports money app.
Totals is one of the more common sports betting wager types available across most sports. You will also see totals referred to as the over/under. The bookmaker will set a total number of points, runs, or goals to be scored by both teams. You will wager on whether the total will go over or under this amount. Take a look at the example below:
- Brooklyn Nets 220/o vs New York Knicks 220/u
If you want to bet that the game will go under 220 points, you can bet on the New York Knicks. If you want to take the over, put money on the Brooklyn Nets.
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Wager Types Round Robin
Run-Lines
Run-Lines are a type of baseball betting wager. It is similar to the point spread and the moneyline combined. All lines formed are based on listed pitchers, which is why if the pitchers change your bet will be graded as no action. The line for run-lines is 1.5, where the favorite must win by more runs and the underdog must win or lose by only 1 run.
- Houston Astros -1.5 (+145) vs New York Yankees +1.5 (-165)
A $165 bet on the New York Yankees would win $100. The Yankees must win the game or lose by up to 1 run. A $100 bet on the opposing team would yield $145, and the Astros must win by 2 or more runs.
First-Five Innings
First-five innings bets are one of the sports betting wager types exclusive to baseball. With these wagers, you bet on which club will have the most runs at the end of the first five innings. These wagers can be advantageous as you only need to consider the starting pitchers rather than the bullpen as well.
- New York Yankees -135 (Gray) vs. Houston Astros +105 (McCullers Jr.)
With first five innings lines, you will also see the starting pitchers listed. The bets will be graded as no action if the listed pitchers do not start. For this first five innings lines, you could bet $135 to win $100 on the Yankees.
Puck-Lines
As the name suggests, puck-lines are a type of wager for betting on hockey. The bet combines the point spread and the moneyline.
- Arizona Coyotes +1.5 (-170) vs New York Rangers -1.5 (+150)
To win a bet on the Rangers, the team must win by 2 or more goals. The Coyotes can lose the game by up to 1 goal to be considered a winning wager.
Futures
Futures are advance bets placed on events that may happen in the future. For example, you may bet on the winner of next year’s Super Bowl the day after the current season ends. You might wager on the next World Series winner starting in December. There are futures posted on every major sporting event. Here is an example of an NBA futures bet:
Odds To Win the Atlantic Division
- Brooklyn Nets +5000
- New York Knicks +6600
Propositions
Proposition bets are wagers on scenarios other than the final outcome of the game. You might find play props on a specific player, game props on two teams, or a wide variety of novelty props on unique situations. An example of a novelty prop might be whether the coin toss during the Super Bowl is heads or tails, or what color the Gatorade shower will be. Props cover a wide range of scenarios and are available for football, baseball, hockey, basketball, and the majority of other sports. In baseball you might see a prop on if extra innings will be required, while in basketball there may a prop on which team reaches 20 points first. The possibilities for prop bets are endless.
Parlays
A parlay bet is when you combine several different bets into one ticket. All of your bets must win in order for your parlay to pay out. This means that if you have a 3 team parlay and one of your teams fails to cover the spread, you have a losing ticket. On the flipside, if all three of your bets are correct you get a much larger payout than you would if the bets were made separately. New York sports betting sites can allow anywhere from 2-team to 23-team parlays. Most bettors stick to no more than 3 selections to avoid shifting the edge significantly in favor of the house, but the more selections that you have, the more prolific the payout.
More Ways To Wager On Sports In New York
With familiarity of the more typical sports betting wager types, you can explore some of the other ways to wager on sports in New York. You may see “if-bets”, which are bets made contingent upon the results of another wager. You may bet on the New York Yankees to win against the Diamondbacks, IF they first win against the Astros. Another exotic wager type includes round robins. These wagers are essentially multiple parlay bets at once with several possible combinations.
Though not technically a wager type, live betting is another way to bet on your favorite sports. With live betting, the bookmaker will update odds in real-time during a game. This is more interactive and exciting way to bet on sports, with odds changing after each and every play. With live betting odds, your wagering options will include game props, moneylines, totals, even/odd props, and more.
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What Wager Types Are Available for AFL and Which Does MoS Use?
Punters can wager on a startling variety of aspects of an AFL game including which team will be the first to score and whether they'll score a goal or a behind, which team will lead at the end of each quarter, which team will be the first to score 25 points, which player will be the first to kick a goal, how many points will be scored in the entire game, and so on.
For the first 10 years, 2006 to 2015, MoS concerned itself only with three forms of wagering:
- Head-to-Head Wagering in which the object is to correctly predict the winning team. Prices in this wagering market are expressed as returns per dollar wagered, so a bet, for example, on Carlton at $2.20 in the head-to-head market would return $2.20 for every $1 invested, including the $1 invested.
Prices expressed in this way - as return per dollar invested - can be expressed as odds by subtracting 1 from them. Carlton at a price of $2.20 is therefore equivalent to odds for Carlton on 1.2/1 or 6/5 against.
One technicality that's important to recognise is that head-to-head wagers pay off at half price in the event of a draw. A team with a head-to-head price of $3.50 (say) then would return $1.75 for every $1 invested in the event of a draw.
As a bookmaker's opinions about the relative strengths of the two teams varies - say because of the withdrawal of a key player or a forecast of heavy rain - he or she will alter the prices of the two teams.
Sports Betting Wager Types
- Line Wagering in which the object is to correctly predict the winning team after taking into account the points start (or 'spread') being offered for the teams. Points start can be positive (for underdogs) or negative (for favourites) and are typically expressed from the home team's viewpoint.
An example of a 'line market' would therefore be Geelong -12.5 ($1.90) vs Fremantle ($1.90) and this would be read as the home team, Geelong, offering the away team, Fremantle, 12.5 points start. So, to win a bet on Geelong in this market you would need them to win by at least 13 points. Conversely, a wager on Fremantle would be successful if they won, drew or lost by fewer than 13 points.
Wagers in this market would be paid out at $1.90 for every $1 invested. Since starts always include a one-half point, there is no need to provide for the possibility of a draw in this wager type.
There are two ways that a bookmaker might choose to alter a line market to reflect changes in his or her opinions about the relative strengths of the two teams: by changing the prices on offer or by changing the points start. The TAB Bookmaker, which is the reference bookmaker for MAFL, almost always changes the prices and leaves the start fixed.
- Margin Wagering in which the objective is to correctly predict the outcome of a game in terms of the final margin of victory. Victory margins are grouped into points 'buckets' and a price is associated with each bucket. A number of Margin markets are available, differing in terms of how victory margins are grouped, more details of which you can find on this blog.
MoS moved out of Margin wagering in the 2015 season and the, starting in 2016, moved into Overs/Unders wagering.
Water Types In Unova
- Overs/Unders Wagering in which the objective is to predict whether the total points scored in a game will be over or under some specified value, which usually ends in a half-point to avoid the possibility of ties.
An example of an Overs/Unders market would be 165.5 Overs ($1.90) Unders ($1.90) with an Overs bet paying out at $1.90 for $1 if the total score in the game was 166 points or more, and an Unders bet paying out at $1.90 for $1 if the total score was 165 points or less.
As for the Line market, in the Overs/Under market the TAB Bookmaker can adjust either the threshold total score (eg 165.5 in the example above) or the prices offered for the Overs or Unders side of the wager.