Sports Betting: Various types
In most of the states, sports betting is declared as illegal, but there are some states which allow it. Most of the states ban their players from indulging in betting activities. There are many bettors who generate a decent income by betting on sports. According to these advocates of betting, it increases the interest of public in that particular sport. It is seen that betting is beneficial for the teams as well as players, as it generates heavy income along with huge crowds. Betting is commonly done through bookies.
Types of betting:
1) Proposition Bets involve income made simply by guessing the outcome of a match.
2) In Parleys, there are a number of bets, and the profit made is huge.
3) Progressive parleys are more like the Parleys, but the profit is not that big.
4) In Teasers, the bettor can bet for more than 2 games but you should know that the profits are lower in them.
5) Goal line or run line bets have a set point-spread, which gives a high return on the favorite, or low return on the underdog.
6) Future wagers have long term prospects, which can go for weeks/months. These bets should be done before the season begins. Their profits are paid at the end of the season.
7) Head to head bets are competitions among the bettors and not based on the outcome of the event. And finally,
8) Totalizators are bets that happen on sharing basis where the profits are shared between the bettor and the bookmaker.
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