ALTHOUGH SOME OF THE AMERICAN TYPES OF BETS HAVE A BIG SIMILARITY WITH THEIR EUROPEAN EQUVALENTS, THERE ARE CERTAIN TYPES OF THEM THAT ARE EXCLUSIVELY UNIQUE IN THE AMERICA’S ORIENTED SPORTSBOOKS, AND DESERVE A SEPARATE EXPLANATION
Here are the basic types of American’s bets, which are most commonly used.
- PARLAY- this is kind of a “cousin” to the European “multiple” bet, or the so-called accumulator bet, or combo bet. Both are basically the same thing, only the terms differ. This is basically a selection of two to twelve bets that are linked together. Winning the bet is dependent on all of the bets winning. If even one of the bets loses, the entire parlay loses. Adding more bets, or teams, to your parlay increases your potential payout - with more risk, there's also more reward. If your accumulator or parlay has one leg of the bet that is a 'non-runner' then that part of the leg is ignored.
- TEASER- You can reduce the risk in a parlay by placing a teaser instead. A teaser is a combination of two to ten football or basketball bets in which you adjust the point spreads and/or totals in your favor in exchange for a lower payout. When your teaser includes a point spread, you can decrease the spread for the favorite or, conversely, increase the spread for the underdog. When it includes a total, you can increase the "under" or decrease the "over". Like a parlay, winning the bet is dependent on all of the bets winning.
- PATENT/TWIST/- This is very similar to the European “Trixie” bet, which is in effect four bets: three doubles and one treble. A patent (or twist) is seven bets and it applies to three selections. The seven bets are the three singles on the three selections, the three possible doubles on the three selections and the one treble.
- IF BET- Like a parlay, an 'If' bet links together two straight bets. However, where a parlay is only a win if both of the bets win, in an if bet progressing to the second bet is dependent on the first bet winning. If the first bet wins, the second bet is placed; if the first bet loses, the second bet isn't placed. With this type of bet you can increase your betting power while limiting your risk. Additionally, you can make an 'If' bet when you want to place two bets but don't have enough money to cover the second bet unless the first bet wins.
- REVERSE- When you place a reverse bet, two "Action" 'If' bets are placed for you - one in the original order and the other in reverse order.
- ROUND ROBIN- a Round Robin is a convenient way to make multiple parlays at one time. You can select between three and eight lines and then combine them in parlays of two to six teams. The advantage is that generally you need to hit on only one winning combination to make your money back for the entire Round Robin.
- BUYING POINTS- You can "buy points" on NFL, NCAA football, NBA or NCAA basketball point spreads. When you do, you move the point spread by half a point so that you give away less points with the favorite or get more points with the underdog. In the NFL and NCAA football, the cost of buying half a point depends on the point you are buying onto (i.e., 3, 7 or other) and whether the odds are standard (-110) or off-standard (e.g., -120). There is no such premium in the NBA or NCAA basketball. Please note that you can buy half a point onto a flat number only (e.g., from +4.5 to +5 or from -5.5 to -5).
- PROPOSITION- Proposition bets are similar to future bets, but instead of betting on the future of a team, the bet is made on an individual player or event. Sports books will describe a scenario and offer odds on this scenario actually happening. Prop bets can be made on anything from how many goals, runs or touchdowns certain players will score, to which team will score the first in a specific game, etc.
These are the most widely exploited types of bets, as far as our American audience and American Sports are concerned. With the knowledge, gained from this article we believe you will have a bigger confidence, betting on American Sports.