Sport betting, the most common is betting on the result of a certain sport game. If you are interested to bet in this kind of game, you need to know different betting types in online sports betting before you place your bet. Sports betting are very suitable for beginners since it is quick, simple, and easy to play. That is why these sports betting are very popular. You need to know different betting types in online sports betting in order to know which kind of betting that is suitable for you.
Different Betting Types in Online Sports Betting
Fixed Odds Betting
This kind of sport betting is one of the common types that are used by most people. Basically, in implementing this type of betting, both parties agree with the odds of wager that is placed. If the wager wins, the agreed odds will be paid out.
This kind of betting type is very straightforward meaning that the wager will place the odds in a certain team, and if the chosen team wins, the wager will get the payout directly. The wager will be made before the game itself starts.
In Play or Live Betting
In play or live betting is basically the same as fixed odds betting where the player can place a bet in a certain team. The only difference is that his kind of betting can be made while the game has started or the bettor can also make the bet when the game itself is about to end.
This type of betting is considered new since it has only existed for few years. This type of game is very popular nowadays, though it is only available online.
Exchange betting is similar with in play or live betting since it has only existed for few years and it has gained its popularity in the sport betting industry. This kind of betting requires the players to bet among themselves since there is no bookmaker in this type of betting. If you decide to do this bet, you will gamble with other people who take the opposite bet as you.
This type of betting is very different with the traditional betting. In playing it, the bettors will be provided with a certain value by the bookmaker and the wager needs to place a bet lower or higher amount than the bookmaker’s value. Take for example, the bookmaker set the value in 191.5, then you need to decide whether to bet under or over it. If you decide to bet under, you need to place the wager below 191 point, while if you decide to bet over, you need to bet over 192 point.
Different betting types in online sports betting allows you to choose which type of betting that works best for you. By knowing the types, you can also define what type of bet that will bring you to a big win and what type of bet will take you to your own fall. So, which one you like the most?