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| World Sportsbooks: |
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Top Online Betting Shops
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UK and Abroad Sportsbooks
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European Sportsbooks
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Australasia Sportsbooks
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| Sports Betting Info |
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Types of Bets in Sports Betting
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Singles
The most common betting type is single. That means you simply bet on the outcome of one event. That doesn't have to be a home win, away win or draw bet in a match as there are many single betting options available. If you bet on the first goalscorer, the winner of a song contest or a skier to finish first, that is also a single bet.
It is easy to calculate the winnings from a single bet. Just multiply the stake with the odds and you get your total winning. If you bet £10 on a single bet with the odds 2.5 (decimal), 10 x 2.5, you get a total winning of £25. Net profit is 25- 10 = £15.
Summary: A single bet is a bet on one outcome.
Doubles, trebles and more
If you bet on two outcomes or more, it is called an accumulator in no deposit bingo. A bet on two outcomes is called a double. For you to win, both outcomes have to be correctly predicted.
To calculate your winnings: Say that you bet £10 on a double with the odds 2.5 and 2.0 (decimal). Then you multiply the two odds, 2.5 x 2.0 = 5.0, to get the total odds. Then you multiply it with your stake to get your total winnings; 5.0 x £10 = £50, which is hopefully straightforward. If this all seems too complicated you can always play bingo online or an online game of poker.
If you chose to bet on three outcomes, it is called a treble. Usually you can make accumulators with as many as 10 different outcomes. But remember, each one has to be a win.
Long term and short term bets
A short term bet is the most common form. If the event is finished within in a week, I would call it a short term bet. If on a Tuesday you place a bet on Chelsea to win on Saturday that is short term bet.
If before the season starts, or a short time into the season, you bet on Chelsea to win the Premier League that is called a long term bet. You can already bet on who will win the World Cup 2014, but remember that your money will be locked for a long time.
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The Top 5 Online Betting Shops
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