Fixed odds betting may be very popular way of betting on sports, but certainly it is not the only kind of sports betting available. After internet has entered into this, it has really changed the way people place the wagers.
Internet also has opened up many new possibilities and various alternative wagering types. In this write up, we shall touch upon few of the popular sports betting types so that you may get yourself familiarised while participating during UFA tournaments.
- Fixed odds type sports betting
This type of betting is the most traditional kind of sports betting and most of the people are quite familiar with it.
People are not necessarily conversant with terms like “fixed odds” though. This means that there is agreement between both parties on the odds while wager is placed. If the wager wins, then it will be paid as per the agreed odds.
- In play/live betting
In play/live betting, it is another form of fixed odds betting. Though wagers will be placed during sporting events in the same way at fixed odds, but with one significant difference.
In fixed odds wager is placed before the game whereas here it is possible to place your wager during any time of the event, even right up until the event is completed.
- Exchange betting
Here you can place your wager at an exchange that is essentially same like in traditional type of betting on sports. Here the odds remain fixed while placing your wager, but there is simply one major difference here in the way how exchanges work.
No bookmaker will be involved and it will be between bettors.
- Spread betting
Spread betting is almost similar in few ways with totals betting/betting as over or under. Total betting will involve predicting whether specific value can be high or low as compared to the amount which is set by bookmaker.
- Daily fantasy sports
Well, it will involve drafting certain fantasy team by using real players by considering few specified criteria, and after that entering that team into contest against teams that is drafted by others.
Then teams earn points depending on how their drafted team players performed in “real life.” For example, in fantasy basketball, team will be able to earn points when the player scores, steals, assist or blocks.
- Pari-mutuel betting
Basic principle behind this betting was very simple one however few more complex aspects are the calculations involved. Overall pari-mutuel wagering can be relatively straightforward.
Here, everyone’s wagers for specific betting market will go into “pool.” After the event has already taken place, wagers are settled, and all winning wagers will be paid out of the pool.
- E-sports betting
This betting is relatively the newest kind of sports betting that we are discussing here on this write up. It is in traditional sense not related to any sports, but to a totally new sports form.
Electronic sports, has seen huge increase in their popularity in the recent years, and nowadays you can wager them on competitions almost like any traditional sports.