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It is possible to place a bet for every sport that exists, and you can try your luck for any outcome that can occur in a match. In this regard, we can say that there are dozens of betting options: if you want, you can even bet on the total number of penalties in a football match.
But predictably, some betting options are more popular than others. Bettors predominantly prefer them because of their simplicity and still get satisfactory payouts. If you are wondering what these betting options are, keep reading: we are listing the most popular types of bets for you below. You can find all of them on the VulkanBet bookmaker site.
Win Bet
This one is also called a moneyline bet. We can easily say that it is the most popular bet in all sports because you are betting on a very simple and basic outcome: who will win the match? In America, this is often called a moneyline bet, while the rest of the world simply uses the term “win bet”.
If you correctly guess the team (or player) that will win the match, you win this bet – it is that simple. However, it is often difficult to get high odds due to its popularity, and favorite/underdog teams can be identified easily.
| Pros | Very simple |
| Cons | The odds are not that high:everyone can find out which team is the favorite and which one is the underdog. |
Outright Bets
We can say that this is a special type of win bets. This time, however, instead of a single match, you’re betting on which team will win a particular tournament or event. Almost always, this tournament or event is held in the distant future.
We are now in 2020: if you are for tennis betting online on who will win the 2021 Wimbledon tournament, for example, you will be placing an outright bet. It is as easy as a win bet, but the odds can be much higher.
| Pros | As easy as win bets, and the odds are higher |
| Cons | Harder to win: you need to make quite long predictions, and lots of things can happen while waiting. |
Accumulator Bets
The reason these are called “accumulators” is that they contain multiple matches and bets in a single coupon. For example, if you place three different win bets on a single coupon, you are making an accumulator bet. The most important advantage of this type of bet is that it can provide a very high profit.
If you add enough matches to the coupon and win, you can even become a millionaire. However, the disadvantage is that it is quite difficult to win, as all your picks in the coupon have to win in order to win an accumulator bet. If even one of them loses, you’re considered to have lost the whole bet.
| Pros | Extremely high payouts |
| Cons | Almost impossible to win: you need to win all your selections to win this bet. |
Handicap Bets
Although they are a bit complicated, once you understand how they work, we are sure that you will enjoy handicap bets, as it is possible to get high payouts. Simply put, every match has a favorite and an underdog team. Teams get + and – points calculated by the bookmaker based on their positions.
These scores represent their handicaps. For example, in a match between Team A and Team B, let’s say Team A is the favorite and Team B is the underdog. It will be offered, for example, this: Team A +2 / Team B –1. This means if you bet that Team A will win, it is not enough for this team to win the match alone – it must win by at least a 2-point difference. If you bet on Team B, even if this team loses the match, you can still win your bet if there is no more than a 1-point difference in the final score. In short, in this type of bet, the outcome of the match is calculated according to the handicaps.
| Pros | Good payouts and high odds |
| Cons | May seem complex to beginners |
Place Bets
These are used mostly in horse racing, greyhound racing and golf bets. Simply put, you pick a horse/dog/player and claim that it will finish the event in a specific position.
For example, if you place a “Place 3” bet, this means you are betting that your selection will finish the event in the top three. The actual position is not important: as long as it is in the top three, you win the bet.
| Pros | Easy to win |
| Cons | Available only in specific sports |
Now that you know all the most popular types of bets, you can choose the one to your liking or try them all. Follow us to learn more about online sports betting.