Sports betting involves placing wagers on the outcome of a match. While this description does not paint a clear picture, there is a lot involved in sports betting. If you are unaccustomed to sports betting, there is a lot which needs to be learnt to avoid making costly choices.

One of the important and vital things to learn about sports betting is the types of bets. Here are some common types of sports bets offered by most bookmakers.

Fixed Odds

This is one of the oldest types of bet, and most people tend to be quite conversant with it. Fixed odds essentially refers to a betting practice where both parties, the player and bookie, agree on the odds when placing a wager. The player is expected to place the bet before the game starts.

Live Betting

Live betting is a particular type of fixed odds sports betting. Unlike the traditional fixed odds betting, live, or in play betting, allows the player to place their bets after the event has started. You can even place your bet just when the game is about to end. This type of bet is relatively new and is only available to online players thanks to the internet.

Betting

Total betting is more than just predicting the outcome of an event. Ideally, one is expected to predict whether the result will be higher or lower than a specific value.

Total betting is mostly used in football. For instance, if a player bets that the total number of goals will be “over 2.5” he or she can only win if both teams score a total of 3 goals or more. If both sides score two goals or less, then the bettor loses their wager.

Bettors are served with other betting options such as spread bets, Asian bet, draw-no-bet, and many more. The most important thing is to understand how they work before placing your wagers.