An Explanation to the Types of Bets, Betting Lines and Legalities in Betting

So, you are interested in betting and want to learn more about the world of betting including terms such as parlay bets, betting lines, and the legalities of betting in your country. Well, you have come to the right place. Let us give you a brief introduction to the world of betting.

An Explanation to the Types of Bets, Betting Lines and More: The Betting Line
What is a betting line? A betting line is the indicator of the amount of cash you will win and get paid if you bet correctly. On the average, you will find that most of the time, a betting line will be calculated using US$100 as the reference amount. Figuring out how the betting lines work is quite simple as it can be—either - or +. This means that if you have -200, you will have to wager the amount of US$200 as well so that you can win US$100. Of course, you gain that initial bet you laid down of US$ 200 as well as the US$100 you got from winning the bet. The bottom line is you get US $100. So if you find that the betting lines go up to +200 then you bet US$100 and receive the amount of US$200. In this example, your 100 initial amount place will earn you 200. Always be aware of the betting line so that you can keep your bankroll in check. If 100 is even, it means that you bet 100 and earn 100.


An Explanation to the Types of Bets, Betting Lines and More: Types of Bets

1. Proposition bet - This is when a certain wager is made very specific to the outcome of the match.

2. Parlays are the type of bet that involves a lot of bets at the same time. Some of these bets can reach up to 12. The payout is pretty large in this type of betting. So, for example you bet on 4 teams. What will happen is the 4 teams you bet on must win and you get a 10 is 100 payout. This is better than betting individually.

Progressive parlays - Involves multiple bets as well, and the payout is even bigger than the average parlays.

3. Teaser- This allows the gambler to mix and match his bets of 2 or more games. The bettor has the control to template his or her point spreads in the 2 games.

4. If Bet – This means that there would be, at the very least, 2 straight bets which will be combined together on a particular clause or condition.