Sport betting will be the general term for forecasting the outcome of some sporting events for example football (better known as soccer), American football, basketball, volleyball, hockey, horse racing, etc. As a rule, supporters of authorized bookmarking believe that it’s like a hobby for several. It adds the interest in online sports bet competitions and in this way sports betting is good for teams and individual players. In contrast, opponents are afraid that because of lots of money involved gambling can blur the boarders between real and fixed games and the true quality of sports games will be affected.

There are several formats for presenting odds:

Decimal odds format (is also know as the European format) which is popular in Europe, Canada and Australia represent the ratio of complete pay-off to the stake. The even bet in this particular format is 2.00.

Fractional odds format (some professionals call it the UK format) which is preferred in Great Britain represent the ratio of the sum that was won to the stake. The even bet in this particular format is 1/1.

Money line odds format (most of US based sites name it “the American format”) which is popular in the United States. Money line odds will be the sum won a hundred stake if positive and also the stake must win 100 if negative. The even bet in this format is 100.

Propositional bets are placed on predicting the specific result of the match. For example, a bettor tries to predict the range of scored goals by a football-team or some individual player.

Parlays bets are a combinational bet which usually consists of several bets as well as in case of success the bettor get a big pay-off. Let’s look at the example. If you want to bet for the outcomes of five different football matches, you can include five different wagers in a five-team parlay. If you fail to predict even one outcome correctly, you lose your bet. But if you manage to predict correctly all of the results you are going to get a large pay-off.

With teasers you may combine your bets on two or even more games. You can customize the point spreads for two different games, but in this particular case you certainly will get a lower return on your bets in the event of winning.

Goal line, puck line or run line bets are alternatives to money line prices in football, hockey and baseball, correspondingly. For example, let’s analyse the baseball game between the Kansas City Royals and Colorado Rockies. The run line may look like this: Kansas City Royals -1.5 (+100), Colorado Rockies +1.5 (-120). In case you are taking Royals on the run line, you may avoid risking $200 to win $100 on the moneyline, but will collect only if the Royals win by 2 runs or even more. Similar to this, a run line wager on the Rockies are going to pay if Rockies loses by no more than a run, but it takes the bettor to risk $120 to win $100.

Future wagers (in line with the name) are your bets on future events. By way of example, you are sure that Team A are sure to win the championship within the next season. It’s important to place this bet ahead of the beginning of the season. You won’t get your hard earned money (if you win) before the end of the season. As a rule, odds for such bets are calculated as a ratio of paid units to wagered units.

In head-to-head bets you attempt to forecast competitors results against each other. You don’t bet on the general result of the competition. These types of bets are mainly used in Formula One races whenever you try and predict the position of drivers among-the others (as a rule, you bet on 2 or 3 drivers).

In totalizators your odds vary in real-time determined by the percent of total exchange that every possible result received. The return rate of the bookmaker is additionally taking into account. By way of example, if the return rate of the bookmaker is 90%, 90% of the total money placed on the winning outcome will return to bettors and 10% will go to the bookmaker.