Do you want to know how to place a bet on SportPesa? If so, it is crucial to understand how different types of bets work and their advantages and disadvantages.
We will discuss the various types of sports betting and their respective pros and cons. We’ll cover all the bases from straight wagers, parlays, teasers, pleasers, props & futures.
Knowing how each type works can help you decide which best fits your needs when it comes time to cash down on your favourite team or player. So let’s dive in!
Types of Sports Bets
Before we dive into the advantages and disadvantages of each type of bet, let’s take a look at some of the most common forms of sports wagers:
Straight Bets: A straight bet is one where you bet on either team or individual to win outright. This could be anything from a single game to an event like the Super Bowl or World Cup; whichever team wins will pay out your bet.
Parleys: Parleys are multiple bets lumped together as one unit. You select multiple events or teams that you think will win, and if all selections come through for you, then you collect your winnings multiplied by however many choices you made.
The higher risk means the potential payout is much larger, but there’s also greater risk involved in this type of betting.
Parlays: Parlays are similar to parleys in that they include multiple selections (teams or events) combined as one unit; however, they differ in that they also have an adjusted “point spread,” meaning that if any selections fail to meet the point spread then your entire parlay is lost (which makes them particularly risky). Parlays have become increasingly popular due to their higher payout potential but with greater risk comes a much lower chance of success overall.
Teasers: Teasers are similar to parlays in that they combine multiple selections into one unit; however, these involve adjusted point spreads that make it easier for players to hit their targets (and therefore increase their likelihood of success).
The downside is that these payouts tend to be smaller than parlays because the odds favour players.
Moneylines: Moneyline bets involve placing a wager on either team based on how likely they are to win (in other words, if Team A has +250 odds, then you would receive $250 for every $100 wagered should it win).
These typically involve less risk than other forms of betting since there’s no need to guess at point spreads, but they require more research since teams’ probabilities can change quickly based on last-minute news or injuries.
Advantages & Disadvantages Explained
Straight Bets: Straight bets offer a simple way to place a bet without having too much knowledge required about point spreads or odds calculations etc., though this does mean there’s often less potential payout compared with more complex wagers as teasers and parlays.
On top of this, straight bets may also have lower limits imposed by certain bookmakers, limiting how much money you can stake per bet and, therefore, how much money you can potentially make from winning bets.
Parleys & Parlays : Parleys and parlays offer significantly higher potential payouts compared with straight bets; however, this does mean there’s a much greater chance that one selection could let down your entire ticket due to the nature of these wagers being lumped together into one unit with no room for error. This makes them far riskier than other forms of betting, which could lead to significant losses should something go wrong during any given event/game.
Teasers: Teasers offer less profit potential than parlays but have lower risks because they involve adjusting point spreads, giving players more chances at hitting successful outcomes (though obviously still not guaranteed).
They’re great for hedging against an existing bet using different point spreads/odds combinations between both teams. Even if one loses, the other still provides a chance at winning part/all back, depending on what was chosen initially before making adjustments.
Moneylines: Moneyline bets require more research than other types as teams’ probability may change quickly leading up even prior events/games due to injuries so being able to register accurately and predict who will come out victorious takes considerable effort/skill – though these do tend to have more negligible risk levels associated with them since selecting only one team rather than multiple selections across multiple events like in say teasers/parlays.
