Sports Betting Types
Interactive Map: Sports Betting in the U.S.
AGA’s interactive sports betting map provides state-level detail on the types of wagering allowed, key regulatory details, legal retail sportsbooks and online/mobile, and more.
Sports betting activity
Live, Legal* (20 States + DC)
Legal - Not Yet Operational (5 States)
Active or Pre-Filed Legislation in 2021 (14 States)
Inactive sports betting
- No Legislation in 2021 (11 States)
- Dead Legislation in 2021 (0 States)
Two of the most common sports betting terms are favorite and underdog, which are often the two sides to a bet that you can wager on. The favorite is the one side, team, or outcome that has the. In the sports betting world, futures bets and outright bets also mean the same thing. With this type of sports wager, you’ll be selecting the winner of an overall tournament, competition, or league. In most cases, you’re making your pick well in advance of the actual sporting event happening. A round robin bet is one of the most complicated types of sports bets since it will allow you to wager multiple parlays at the same time with just a single bet. While round robin bets are offered in every sportsbook, they are not actually made by sports bettors very often due to their advanced nature. Asian Handicaps are a type of Soccer market where you place a handicap bet on a specific team. A variety of Asian Handicaps are available under Asian Lines within selected fixtures. If you placed a -1.0 Whole Line Asian Handicap bet on a team, then you would deduct one goal from that team's score once the match is over. E-sports betting is the newest type of sports betting discussed on this page. It’s not related to sports in the traditional sense, but rather to an entirely new form of “sports.” Electronic sports, or professional video gaming, has seen a huge increase in popularity in recent years, and these days you can wager on competitions just like.
Legal Landscape as of February 2, 2021
“Live, Legal” denotes states where single-game sports betting is legally offered to consumers through retail and/or online sportsbooks. States classified as “Legal – Not Yet Operational” have authorized sports betting, but have yet to launch. “Active or Pre-Filed Legislation” denotes jurisdictions where bills to legalize single-game sports betting have been pre-filed/introduced in the state legislature or where a voter referendum is scheduled. Sports betting provisions, revenue, and location data are sourced from state regulatory agencies.
Sports betting activity
Live, Legal* (20 States + DC)
Legal - Not Yet Operational (5 States)
Active or Pre-Filed Legislation in 2021 (14 States)
Inactive sports betting
- No Legislation in 2021 (11 States)
- Dead Legislation in 2021 (0 States)
Legal Landscape as of February 2, 2021
Points spread and asian handicaps have their own page.
Money line
Money line, also called:
- Head to head.
- Match odds.
- Result.
- Winner.
- 2 way (if a draw is not possible).
- 3 way (if a draw is possible).
- 1×2
Is simply betting on the outcome of a game. Will the home team win or will the away team win?
In some sports also included the option for a draw which is sometimes referred to as a 3 way, or 1X2.
Draw no bet
A draw no bet market is betting on the result of a game by choosing which team will win. A draw means the bet is canceled and your stake is refunded.
Draw no bet is a popular option for games like soccer and cricket where draws are common. This bet type is not offered on games like basketball or baseball where there can be no draw due to overtime.
Totals over/under
Totals over/under (sometime written as “+/-“) is betting whether the total amount of points scored in a game will be over or under a given number. For example, in an NBA game will there be over 191.5 points scored or under 191.5 points scored?
This can be an exciting bet because it keeps the interest going right till the end of the game even if the game is not close.
You will normally be betting over or under a number of points with a .5, called a “hook”. This is to eliminate the possibility of a draw. If a sportsbook took bets on over or under 191 points being scored, and exactly 191 points were scored, they would have to refund all the bets, this is called a “push”. But there can never be 191.5 points scored so points totals with a hook can never end in a draw.
Sports Betting Explained
When the over/under total points number represents the market’s view of exactly how many points will be scored the odds are 50:50 or pick’em. That is to say the same for over as for under, for example
| Bet selection | Odds |
|---|---|
| Over 191.5 points | 1.95 |
| Under 19.5 points | 1.95 |
The same bet type can work for over/under anything you can count, not just the score. For example will there be over or under 4.5 quarterback sacks in an NFL game.
Futures markets for tournament or season winner
Sports Betting Types
Futures refers to betting on the overall winner of a season or tournament. New bettors are attracted to these markets because they provide interest for the duration of the season. People think there would be less variance because although the best team can lose on any given day, over the course of a season the cream should rise to the top.
This is a classic rookie mistake. If you think a selection will win something that involves them winning a number of individual games, you are better off to back them in individual games with a staking plan. Futures markets have higher sportsbook’s overround which means less value for you.
If you are right about that team being the eventual champions you have found an edge. Betting on individual games gives you more chances to take advantage of your edge and to apply a staking plan to it.
Types Of Sports Betting
This is true for leagues as well as knock out tournaments like the FIFA World Cup or a tennis grand slam. The same applies for “Tournament Goals Per Team” or “Total Tournament Red Cards” or any futures bet where you can bet on the same thing in individual games.