FOX Bet allows sports bettors to get in on the action all year long, offering a wide range of wagering options on every major sports league. An abundance of ways to bet on sports online are available at your fingertips.
When learning how to bet on sports, it's important to remember that there are many different ways to bet.
One way to bet on sports is spread betting. This is betting on the outcome of an event where the pay-off is based on the accuracy of the wager rather than on a win or lose outcome. The point spread is essentially a handicap that adds to or subtracts from a team’s score to make betting even on both sides. In a certain game, a strong team may be matched up against a historically weaker team. The point spread takes this into account. Almost every game has a favorite and an underdog. If the wager was simply, Will the favorite win?, then more bets are likely to be made for the favorite, and there might be very few bettors willing to take the underdog. The point spread is a way of making it compelling to bet on both the favorite and the underdog by setting a specific number of points that the favorite needs to win by in order for bets on the favorite to pay out.
A moneyline is a straight wager on the outcome of a game without point spreads. The chosen team has to win the game for the bettor to collect. The team that is favored pays lower odds than the underdog, so there is an incentive to pick the underdog team because of the possibility of a higher payout.
A parlay is a combination of wagers that is dependent on all of those best winning together. One benefit of a parlay is that there are much higher payoffs than placing each individual bet separately, because the odds of hitting all of them together is lower.
Futures refers to an outcome in the distant future. Most future bets involve betting on a team to win a series or a championship, for example, the odds of winning the Super Bowl or the NBA Finals. Because the futures odds are set so far ahead of an event, payouts on them can be quite high. Bettors will often place their future bets near the beginning of a season. During the regular season, plenty of things can happen in any sport that will affect the team’s odds to win a championship. Factors like injuries and player trades can lead to the futures odds being adjusted throughout the season, and those ups and downs can be good times for bettors to take advantage of better odds. If a strong team has a shaky start, their odds might drop, but if the team turns things around, a futures bet on that team might be a wise choice.
Totals bets are some of the simplest odds bettors will find. Sometimes called the over/under, a game total is simply the combined point total between two teams in a sporting event. The oddsmaker establishes a number, which varies widely from sport to sport, and bettors wager whether they think the actual total will be “over” or “under” that amount. Totals bets are particularly useful in sports like football and basketball.