Types of Sports Bets: Complete Guide

 

Sports betting is an in-depth hobby. The majority of that depth stems from the fact that there are numerous options for the type of bet you want to place.  

 

Knowing the different kinds of bets always pays off for every type of bettor. The more you know, the better informed you will be when making day-to-day betting decisions. Here, we'll outline the major betting types available at top platforms like betway Nigeria and others. Of course, you won't need to remember all the details, but a general understanding helps you sift through lines to find your ideal bet.  

 

 

Moneyline bets are the most basic option on the top betting websites, including betway Nigeria. You have to bet on a winning team. That's all there is to it. When you click on any game in a sportsbook, moneylines are usually among the first bets listed, along with point spreads and totals.  

 

Moneyline bets have varying odds because matches can be relatively uneven. But, overall, the moneyline is easy to grasp at a basic level. You're putting your money on that team to win outright.  

 

 

Prop bets, also known as proposition bets, are wagers that do not necessarily concern the outcome of a match. Instead, they frequently include individual player performance stats or team performance that does not affect the outcome.  

 

 

Live betting is also known as "in-play" or "in-game" betting. It simply means that you are betting on a game already underway. Lines change quickly, making live betting popular among sports fans who frequently watch games live. Connect with an expert to know how live-in game betting works. 

 

 

Parlays merge multiple wagers into a single bet, usually increasing the odds and increasing the potential payout. What's the catch? Each leg of a parlay must hit for it to win. If you construct a parlay of five bets, four win while the fifth loses. The entire parlay is a bust.  

 

 

Futures bets are wagers on events that will occur in the (you guessed it) future. The most common example is betting on a team to win the league championship. Futures odds frequently change as the season progresses, so placing them early and locking in a good line is often advantageous.  

 

 

The future of sports betting is very bright in Nigeria. However, it would be best to start small by placing multiple wagers. Check what clicks the most, and this way, you can identify the bet types that best suit your preferences and betting instincts. If you need assistance, visit our various picks pages to determine which bets you should place.