If you’re new to sports betting, it can be a bit of a minefield at times. While most will know that you can bet on any sport you like and place wagers on the winner of the event, those who don’t have prior experiences may not realize just how much is truly possible.
Sports betting is one of the most enjoyed types of wagering on the planet, with people from all around the world engaging in it where it is legalized. Most will have favorite athletes/competitors or sports teams that they follow, and adding a bet on them to win has only helped to add excitement to the sporting experiences fans and punters can receive.
What are the best betting markets for beginners?
However, if you’ve ever looked at the amount of markets that are possible to bet on, you can easily become overwhelmed. A quick look at the most popular sporting events will highlight just how many options a player may have as a potential wagering opportunity.
Let’s take soccer for example and a match in England’s Premier League. The league is argued to be the best in the world for the sport, as it attracts global interest in the millions and millions. Sportsbooks have recognized this and have managed to come up with hundreds of different betting markets that punters can look to wager on.
This is the same for so many of the top sports nowadays, especially as technology has improved and punters have an incredible level of accessibility at their fingertips.
If you’re new, you should be looking to take advantage of any bonuses that are available first and foremost. These can help improve any experiences that you participate in, as they can allow you to get involved with little risk.
If you take advantage of an offer like the Unibet bonus code, you can claim a 100% deposit bonus and earn a free bet. This allows you to maximize the value of the money you deposit and then use a free bet on these six types of bets that should be looked out for as a beginner:
1. Moneyline
The Moneyline bet is one of the easiest bets to understand and one that comes with little risk (in terms of what it actually means). To put things in simpler terms, the moneyline bet refers to wagering on the overall outcome of the event being bet on. You pick a winner, and if it happens, you will see a return.
2. Point Spread
More popular in American sports, the point spread is another friendly bet for people new to sports betting. This market essentially requires players to bet on whether the points will be covered that have been pre-determined by the sportsbook.
For instance, a team might be +7. They would need to lose by 7 points or fewer for the bet to come in. Alternatively, if a team is -7, they would need to win by 7 points or more for the bet to be a success.
3. Parlays
A parlay bet is a combination of several bets placed together as one. It can feature multiple events and different bet types, making it one of the hardest to achieve, but one of the most enjoyable to place. The returns can be significant because of the number of factors that need to be met, making them attractive for beginners.
4. Over/Under props
If you want to delve a little deeper than just placing a bet on the moneyline, prop bets like Over/Under can add further excitement to the betting experience for a beginner. This will require you to choose whether an outcome will be greater or lower than what has been pre-determined by the sportsbook.
5. Player/Team Props
If the Over/Under isn’t quite for you, then you can be more specific with your props. You can place bets based on players or teams, making your betting session more targeted and personal. These bets are easy for beginners to understand and can elevate the experience further.
6. Futures
A futures bet is exactly that – predicting what might happen in the future. They are usually related to winners of tournaments or divisions and can often provide some of the best odds as they usually take the longest amount of time to elapse compared to other betting markets. They are like money-line bets, but usually just over a longer period of time.
Considering the differing rules on sports betting in various countries and regions, it’s important to follow local laws while enjoying gambling.