Intro to Bet Types

Sports betting offers a variety of bet types beyond just picking winners, each providing different ways to engage with sporting events. Understanding these common bet types is essential for navigating BettorEdge's social betting marketplace and finding opportunities that match your knowledge and strategy with no high fees like traditional betting platforms.

The simplest form of betting:

• You're betting on which team will win the game outright
• No point spread or margin of victory matters
• Odds indicate how much you'll win based on a team's likelihood of winning
• Example: Chicago Bears +150 vs. Green Bay Packers -150 means a $100 bet on Chicago pays $150 profit, while you'd need to bet $150 on Green Bay to win $100

*Commonly available on BettorEdge

Designed to create a more balanced betting proposition:

• The favorite (marked with -) must win by more than the spread
• The underdog (marked with +) can lose by less than the spread and still win the bet
• Typically pays close to even money (around -110) or +100 on BettorEdge
• Example: Los Angeles Lakers -6.5 means they must win by 7 or more points for that bet to win

*Commonly available on BettorEdge

Bet on the combined score of both teams:

• The community sets a total number of points
• You bet whether the actual total will be over or under that number
• Has nothing to do with which team wins
• Example: In an NFL game with a total of 47.5, any combined score of 48+ wins for the over, while 47 or less wins for the under

*Commonly available on BettorEdge

Combine multiple bets into one wager:

• All selections must win for the parlay to pay out
• Offers higher potential returns but higher risk
• Each additional bet increases both potential payout and difficulty
• Example: Combining Celtics -4, Yankees moneyline, and Rams/49ers over 45.5 into one bet
• Do some planning with the Parlay Calculator to see your payout and likelihood to win.

*Coming soon to BettorEdge markets

Similar to parlays but with adjusted point spreads:

• You get more favorable spreads in exchange for lower odds
• Typically available in basketball and football
• Common teaser amounts are 6, 6.5, or 7 points in football
• Example: Moving Chiefs -7 to Chiefs -1 and Raiders +3 to Raiders +9 in a two-team teaser

*Not Available on BettorEdge today

Props focus on specific events within a game rather than the final outcome:

• Player Props: Bet on individual player performance metrics
  • Example: LeBron James over/under 28.5 points
  • Example: Patrick Mahomes to throw 3+ touchdowns
• Game Props: Bet on specific events in the game
  • Example: Will there be overtime?
  • Example: Which team will score first?
• Team Props: Bet on team-specific outcomes
• Example: Dodgers to score over/under 4.5 runs
• Example: Steelers to have more than 18.5 first downs

*Commonly available on BettorEdge across key player/stats

Bet on longer-term outcomes:

• Results typically determined weeks or months later
• Examples include:
• Super Bowl champion before/during the season
• NBA MVP winner
• Stanley Cup winner
• Tennis Grand Slam tournament winner

• Offers potential for significant returns on smaller wagers
• Ties up your funds for extended periods

*Commonly available on BettorEdge for key markets

Bet while the game is in progress:

• Odds update in real-time based on the action
• Offers opportunities to capitalize on momentum shifts
• Available for most bet types (moneyline, spread, totals, props)
• Requires quick decision-making as odds change rapidly

*Commonly available on BettorEdge across popular games

Modified versions of standard spreads and totals:

• Alt Lines give bettors more options with different risk/reward profiles
• Example: Standard line might be Warriors -5.5, but you could bet Warriors -8.5 at higher odds or Warriors -2.5 at lower odds

*Commonly available on BettorEdge across popular games

Conditional wagers:

• If Bet: Second bet is only active if the first bet wins
• Reverse Bet: Two if-bets in opposite order, providing some insurance

*Not Available on BettorEdge today

Create multiple parlays from a set of bets:

• Offers partial payouts even if not all selections win
• Less risky than traditional parlays
• Example: From 3 selections, a round robin creates 3 different 2-team parlays

*Not Available on BettorEdge today

To effectively use various bet types on BettorEdge:

1. Start with single bets (moneyline, spread, totals) to build understanding
2. Practice calculating potential payouts for different odds
3. Keep track of which bet types work best for your knowledge base
4. Gradually explore more complex options as you gain experience
5. Take advantage of BettorEdge's social marketplace to find favorable odds with no high fees like traditional betting

Remember that different sports may have specialized bet types unique to their rules and structure. Understanding these fundamentals will help you navigate BettorEdge's offerings with confidence and develop a more sophisticated betting strategy over time.