Sports betting gives bettors a lot of opportunities to bet on their favorite sports. And any given game, people can bet on almost everything that happens in a game- from who makes the first goal, to the final score, and everything in between. Whether you are a sports bettor or a bookie using a pay per head sportsbook software to manage your online sportsbook, you need to know which are the most popular bets.
Naturally, the most popular sports that people bet on vary per region. In some continents, soccer is king. In some, its basketball. In the US, football is the top sport people bet on, followed by basketball, then baseball. So when the respective college and professional leagues of each sport is in season, bookies can earn a lot from bets made each game, and futures bets, or wagers on the long-term outcome of a sports event or tournament.
The Most Popular Bets in a Sportsbook
When it comes to sports betting, your bookie pay per head software will offer you dozens of betting options per game. The three most popular wager types are the Spread, the Moneyline, and the Totals. The Spread is similar to a Moneyline bet where you choose which team you think will win. The difference is, there is a handicap to make it more exciting. If you bet on the Lakers to win a moneyline bet, then an outright Lakers win is an outright win for your bet. For a spread however, a winning bet will depend on the Laker’s score difference versus the other team when they win.
Then you have the totals, which is also called over/under. Here, your sportsbook will give odds on a combined score of both teams of a game. You simply choose if you think the final combined score will be over, or under the number the sportsbook set. Next, you have prop bets, which are bets that are not dependent on the outcome of the game, but rather on specific things within the game, like who scores the first touchdown.
You also have parlays, which are very lucrative because these are high-risk wagers. It is essentially making a series of bets of the same type, like 3 spread bets on each NFL game happening in a day, for example. If one leg of that bet loses, you lose the bet. However, if you win all of it, then your winnings will be higher than if you had made plain bets on each team. There are other more uncommon sports people bet on, as well as rarer bet types, which we will talk about in future tutorials. For now, familiarize yourself with these popular bet types so you can win big in your next bet.
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