Best Cricket Betting Strategies to Win
October 17, 2024
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[wpdatatable id=10] Example: In a match between India and Australia, if the pitch is turning…
Different Types of Bets – Online Betting
Online betting is getting popularity in all around the world, providing sports enthusiasts with the thrill of predicting outcomes while offering the potential to win big. Whether you’re a newbie bettor or a beginner, understanding the different types of bets available across various sports is crucial. From traditional wagers to more complex options, each type of bet caters to different preferences and strategies.
Today, we’ll break down the most common types of bets in online sports betting, organized by sport, and explain how they work. By the end, you’ll have a solid understanding of how to diversify your betting strategy to maximize your chances of success.
Also Check: Best Cricket Betting Site in India 2024
1. Common Types of Bets in Sports Betting
Before we dive into sport-specific bets, let’s explore the general types of bets that apply across different sports:
| Type of Bet | Description |
| Moneyline Bet | A straightforward bet on which team or player will win. |
| Point Spread Bet | Betting on the margin of victory. The favorite must win by a certain number of points for the bet to win. |
| Over/Under (Totals) | Betting on whether the total score or points will be over or under a specified number. |
| Parlay Bet | A combination of multiple bets. All selections must win for the parlay to pay out. |
| Prop Bet | A wager on specific events within a game (e.g., player performance or first goal scored). |
| Futures Bet | A bet on events happening in the future, like betting on the winner of a league before the season starts. |
2. Types of Bets in Cricket
Cricket betting is extremely popular, especially in countries like India, where the sport is deeply loved. There are numerous betting options in cricket that cater to both Test matches and limited-overs formats like ODIs and T20s.
| Bet Type | Description |
| Match Winner | A simple bet on which team will win the match. |
| Top Batsman/Bowler | Betting on which player will score the most runs or take the most wickets in a match or series. |
| Over/Under Runs | A bet on whether a team or player will score more or fewer runs than the specified number. |
| Man of the Match | A wager on which player will be awarded Man of the Match. |
| Total Runs in Over | A bet on how many runs will be scored in a specific over. |
| Method of Dismissal | Bet on how the next wicket will fall (caught, bowled, LBW, etc.). |
| Session Betting | Bets placed on the performance in a specific session (e.g., runs scored in the first 10 overs). |
3. Types of Bets in Football (Soccer)
Football, or soccer, is one of the most widely bet-on sports in the world. With leagues spanning across Europe, South America, and beyond, the opportunities for betting are vast.
| Bet Type | Description |
| Full-Time Result (1X2) | A bet on the match result – 1 for home team, X for a draw, and 2 for away team. |
| Double Chance | A bet that covers two of the three possible outcomes in a match (win, draw, or loss). |
| Both Teams to Score (BTTS) | A bet on whether both teams will score at least one goal. |
| Correct Score | Betting on the exact final score of the match. |
| First Goal Scorer | A wager on which player will score the first goal in the match. |
| Total Goals (Over/Under) | A bet on the total number of goals in the match, either over or under a specified figure. |
| Handicap Betting | A bet where one team is given a "handicap" in terms of goals to level the playing field. |
4. Types of Bets in Tennis
Tennis offers exciting betting opportunities with matches played year-round across the globe. Tennis bets are often placed on individual matches or tournaments like Wimbledon or the US Open.
| Bet Type | Description |
| Match Winner | A straightforward bet on which player will win the match. |
| Set Betting | A bet on the correct score in sets (e.g., 3-1, 2-0). |
| Total Games | A bet on the total number of games played in the match (Over/Under). |
| Handicap Betting | One player is given a games advantage to level the betting field. |
| First Set Winner | A bet on which player will win the first set. |
| Exact Score in Set | A bet on the exact game score of a particular set (e.g., 6-4). |
| Number of Aces | A prop bet on the number of aces a player will serve during the match. |
5. Types of Bets in Basketball
Basketball offers plenty of betting opportunities with its high-scoring nature and globally followed leagues like the NBA.
| Bet Type | Description |
| Moneyline Bet | A bet on which team will win the game outright. |
| Point Spread | A bet on the margin of victory. The favorite must win by more than the spread, while the underdog can lose by less. |
| Over/Under Points | Betting on whether the total combined points of both teams will be over or under a set number. |
| First Quarter/First Half Bet | A wager on which team will be leading at the end of the first quarter or half. |
| Player Points | A bet on the number of points a particular player will score in a game. |
| Team Total Points | A bet on the total points scored by a team during the game. |
| Double Result | A bet on who will be leading at halftime and who will win the game. |
6. Types of Bets in Horse Racing
Horse racing is one of the oldest forms of betting, and it remains popular due to its excitement and wide range of betting options.
| Bet Type | Description |
| Win Bet | A simple bet on which horse will win the race. |
| Place Bet | A bet on a horse to finish in the top two, three, or four positions, depending on the race size. |
| Each-Way Bet | A combination of a win and place bet. If the horse wins, both bets pay out. If it places, only the place bet pays. |
| Exacta | A bet on which two horses will finish first and second in the exact order. |
| Trifecta | A bet on which three horses will finish first, second, and third in the exact order. |
| Quinella | A bet on which two horses will finish first and second in any order. |
| Superfecta | A bet on which four horses will finish first, second, third, and fourth in the exact order. |
7. Types of Bets in Esports
Esports has gained tremendous popularity, offering betting options on competitive video games like Dota 2, Counter-Strike, and League of Legends.
| Bet Type | Description |
| Match Winner | A bet on which team or player will win the match. |
| Map Winner | A wager on which team will win a specific map in games like CS: GO or Dota 2. |
| First Blood | A bet on which team or player will make the first kill in a game. |
| Total Kills | Betting on the total number of kills in a game, either over or under a specific number. |
| Handicap Betting | One team is given a kill or map advantage to level the playing field. |
| Tournament Winner | A futures bet on which team or player will win the entire tournament. |
Lotus Exchange offers a vast number of options, allowing bettors to choose from simple win bets to more complex wagers like parlays and prop bets. Whether you’re into cricket, football, basketball, tennis, or even esports, understanding the different types of bets is key to creating a successful betting strategy.
Also Check: Lotus Exchange Betting
By diversifying the types of bets you place, you can make more informed decisions and enjoy the thrilling world of online betting to its fullest. Always remember to bet responsibly and keep track of your wagers.
