As easy as sports gambling sounds, the different kinds of bets offered require an understanding of their use to ensure that you have a good chance of winning. There is no doubt that even beginners who learn the use of strategic bets can alter the course of the game. An online sports betting company 99exch sports betting provides a variety of options in order for the betting players to customize their bets according to their skills and preferences. This blog will illustrate some common types of bets and how to use them on 99exch App and enhance your betting experience.

Why Understanding Betting Types Matters

Apart from \\sums\\, it is always good to know what other bet types exist as this gives the bettors a way forward and develops a plan to be successful in the betting. Instead of hoping for the best, players can mix and match possibilities, bet types, and strategies making them less prone to risks and more likely to reap profits. It can also assist when betting when it comes to betting quickly in live because those split seconds can really make or break situations. At 99exch, the long list of bet types makes it hard for the users not to be amused because there are so many markets to play around with and so many systems of bets to try out boosting the chances of success.

Let’s go into the different kinds of bets and their functions.

1. Moneyline Bet: The Basics.

The simplest of all bets is the Moneyline bet which is sometimes referred to as a straight bet. These bets only require the gambler to choose the outcome of one event in a match or competition. Bets are made using odds that are regular for each team and they estimate the maximum amount of the winning team’s payout and its potential. 

Example

• India vs Australia (Cricket)

• India:1.80 | Australia:2.10

If a gambler makes a Moneyline bet and chooses India to win, they receive a payout based on the 1.80 odd if India wins. Such type of betting is ideal for novices since they only need to guess the results without worrying too much about other convoluted factors. 

2. Point Spread: Leveling the field

A point spread bet adds a handicap to one side to enable gamblers to bet on two teams with unequal strength. Although in this kind, a superior squad has to win by a certain margin for bets to be considered winners, an underdog has to win or lose by a certain limit to be deemed a winner.

Example

• Team A: -5.5

• Team B: +5.5

Okay, let’s say you placed a wager on Team A at a spread of -5.5. The wager will only be a success if Team A wins by six points or more. If we go with Team B, they must either win the game or lose by less than 5 points. This form of betting is quite common when it comes to the sports such as, football or basketball.

3. Over/Under (Totals) Bet: Predicting Scores

An Over/Under bet involves predicting whether the total score of a game will be higher or lower than a specified number set by the bookmaker. This type of bet is ideal when you are unsure which team will win but have a good sense of how high or low the scoring will be.

Example

• India vs. Pakistan (Cricket) – Total Runs: 300.5

If you bet on the “Over,” the combined score must exceed 300 runs for your bet to win. If you bet on the “Under,” the combined score must stay below 300. Over/Under bets are popular in cricket, football, and basketball.

4. Accumulator Bet: High Risk, High Reward 

An accumulator bet or parlay betting is when there are so many selections that the called for a single bet. It follows that for the accumulator to pay out, all the selections have to win which makes it quite risky. An advantage of this type of bet is that the odds of each selection are multiplied and hence the payout is larger. 

Example

• Match 1: India wins.

• Match 2: Manchester United wins

• Match 3: Australia hits more than 250 runs in the match. 

In case all the three selections are correct, one gets a higher returns than if he placed a bet on each game separately. In case where one selection is defeated, the entire bet is forfeited and lost. This bet strategy is good for someone who is looking for huge amounts to be paid after investing small amounts. 

5. Prop Bets: Betting on Specific Outcomes

Prop bets, or proposition bets, focus on specific events within a match rather than the overall outcome. These bets are often creative and fun, making them especially popular during major sporting events. Examples include betting on the first player to score, the total number of corners in a football match, or whether a cricket player will score a century.

Example

• Will Virat Kohli score a fifty? Yes/No. This is very popular among bettors who have good understanding of a specific player or a game situation.

6. Futures bet: It is a long term prediction. 

A futures bet comprises predicting an event’s outcome which is expected to be held at a long time frame. For instance, a specific team winning the IPL or one player becoming the highest goal scorer in the premier League. 

Example

• Who will win the FIFA World Cup?

The odds in futures betting are usually more favorable at the start of the season, as there is more uncertainty. However, futures bets require patience since you may need to wait several months for the outcome.

7. Live betting: Relating to real time action.

Also referred to as in-play betting, this kind of betting allows users to place bets on matches as they progress. This kind of betting is intense as splitting seconds matter. Odds change constantly based on the action resulting into a thrilling experience and a good way to interact with sports. 

Example

• Betting on the next goal scorer in a football match that’s still in progress. 

99exch App and live betting bring together situations when one can make the most out of the ongoing events in the match allowing the user to have an entertaining experience.

8. Hedge Betting: How To Minimize Risk

At its core, hedge betting refers to gaining multiple outcomes in the same bet to lock in and minimize potential losses. This strategy comes in handy for a bettor during live games when there is a possibility of losing. By making opposite bets at an odds that are favorable, users will come out with profit regardless of what unfolds. 

Example:

If you made your first bet on India to win, but during match play, you see better odds for Pakistan, you can cover your bet by placing a hedge bet on Pakistan to ensure you make some return, no matter the game outcome.

Tips for Getting the Best Out of 99exch Wins

• Understand the Odds and Markets: Try to understand all the teams, players and the odds before placing any bet. You can make better decisions through understanding how the market works. 

• Create a Pot: A pot to keep for all betting amounts should be set and adhered to. It remains enjoyable to participate in betting if there are set limits created and maintained.

• Make Use Of The Live Betting Feature: This feature of 99exch is particularly very interesting because it allows users to make changes to their bets as the game progresses. This way, you can benefit from the ups and downs of the game.

• Mix Bet Types: Let it not be said that you refrain from gambling with the bet types. The aim is to combine Moneyline, spreads, and futures into a single strategy that will yield the most profit while decreasing risk.

• Track Your Bets: You should keep track of the activities that you have taken in the hope of winning. Look for repetitive chances and ways why you win or lose so that you can reshape what you do in the future.

Conclusion

In order to be any sort of bettor that is going to yield some profit, he or she needs to understand how the different types of bets work. 99exch is one of the platforms out there with various betting types, including the simple Moneyline, and the more sophisticated accumulator, thus allowing players to strategize for any situation. Grasping these various types of bets can not only make betting more fun, but can also allow you to better control your exposure to risk.

The 99exch App features a number of tools and markets for all kinds of bettors, including Moneyline and live wager fans alike. A quick glance at each of these type of bets could help you make sound wagering decisions with the potential of yielding positive returns.