There are many different ways to bet on sports betting apps, but the basic idea is to guess what will happen during a game or occasion and bet money on how likely it will happen.
The odds on these things will be set by OKBet Sportsbooks based on how likely they are to happen. It lets you bet on the side you think will win, while the sportsbook takes the opposite view.
Most types of sports betting have two sides, like “team vs. team.” Some bets, like picking which team will win the championship before the season starts, can have more than one way to bet.
Types of Bets in OKBet Sports
As we’ve already said, sports betting is based on a simple idea: you bet on one outcome or another. Notwithstanding, there is a considerable number of various approaches to betting on sports. Most bets are one of the following:
Spread bets, also called “point spreads,” make games fairer. A point spread is given to a game based on how much the final score or result is expected to differ from the point spread. Bettors have to decide how much better one team is than the other.
Favorite point spreads will have a negative (-) value, while underdog spreads will have a positive (+) value. If a game is excessively near set a distance, and both teams are seen as equal, it will be called a “pick or pick’em,” and you have to choose which team will win outright.
Moneyline wagers are the most straightforward sort of sports bet. All you have to do is pick the winner. Moneylines are based on how likely a particular outcome will happen, like one team beating another.
Since there are no spreads or handicaps to even out the game, a Moneyline shows how likely the result is, with low-risk moneylines (favorites) paying smaller returns and high-risk moneylines (underdogs) delivering more significant returns.
Moneyline favorites have a minus sign (-) next to their odds, while Moneyline underdogs have a plus sign (+) next to their odds.
Over/Under bets or totals are based on how many points, runs, or goals. Both teams are expected to score in a game.
Oddsmakers will give a game a total, and bettors can choose whether they think the last score will be Over or Under that aggregate if the capacity is 50 points. A bet on the “Over” must win with 51 or more points. At the same time, a bet on the “Under” must win with 49 or fewer points.
The bets are returned if the final score is the same number of points as the Over/Under total.
Parlay wagers are comprised of at least two linked wagers so that the payout can be more significant. But for the parlay bet to win, all bets must be right.
Parlays can include several bets, such as point spreads, moneylines, and Over/Under totals. Use our parlay calculator if you’re trying to decide which bets to combine and want to understand what sort of payout you can anticipate.
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