An explanation of the different types of sports betting

Bookmakers around the world are constantly accelerating their penetration into the daily lives of players. And it is not for nothing that the number of people who are fond of various sports is increasing every day.

No matter what sport you like, you can make money from it if you have the necessary knowledge. But being an expert in a particular sport is not enough, as you also need to learn about the existing types of sports betting. You may also need a guide to the best betting sites in Denmark, read more about it on this resource.

This guide will introduce you to the different betting options in the easiest way possible.

Types of sports betting you need to know about

Currently, there are a lot of bookmakers. Below we will give you an overview of the most common ones.

Single bet

This is the most popular type of betting in the world of sports betting. It's as simple as the name suggests. You can bet on the team that will win or lose or even draw in football.

This type of bet in football is called 1N2, or simply 12 if there is no possibility of a draw. In addition to the result of the match, you can bet on the scorer(s), number of penalties, etc.

Combined rate

This type of bet has a higher risk than the previous one, but we also know that the higher the risk, the higher the reward.

A combined bet is a combination of several bets into one. Thus, it is a combination of simple bets. But one losing bet negates all chances of profit.

You can consider making several single bets and combining them later, but this will not bring you as much as a combined bet. Some interesting features of the online gaming industry that you need to know about are already outlined at this link.

Double, triple, etc.

In this case, the process is the same as for the combo, except for one difference. For example, for a double bet, you win when you get 2 correct results. You get back your original bet plus a profit corresponding to the number of correct results.

Profit is determined by a certain formula. For trebles, quads and other sports betting, the same settlement process applies. Only the minimum number of winning bets differs.

Live bets

Live betting is best known for its dynamic odds. They can change at any time depending on developments on the field. The advantage of live betting is that you can watch matches and bet on the performance of a specific player or team.

Over/Under

This type of bet is useful when you are sure that a certain number of goals/points will be scored in a match. For example, if you are up against two aggressive teams, it would be wise to bet on the over. And vice versa.

Correct Score Bet

A Correct Score bet gives you the chance to guess the score at a certain point in the match. This could be the score at half-time, at the end of the game, after ¼ hour of play, after ¾ hour of play, and so on.

Half/full time bet

Simply put, let's say it's a double bet. In this case, you must predict the score at half-time and the score at the end of the match. But you will only receive your winnings if both predictions are correct.

Make a bet

Also known as a win bet, this is a very simple betting option. In fact, it allows you to predict which team will be champions at the end of the season or cup. You can also bet on sports, for example which team will finish in the top 4.

Handicap bet

This rate is a little more strict. It is widely used in rugby matches and American sports. From the very beginning, the bookmaker gives an advantage to the weaker team or a point behind the stronger one.

Your goal is to predict if the team will overcome the deficit. Let's say Liverpool play Manchester City and City take the lead. This score represents a disadvantage for Liverpool and an advantage for City.