You can bet in a variety of different ways… which is what makes betting so fun. If you get bored of one way, you can always consider a new way to megapari and see if you can still enjoy winning in that new way. Other times, it might make more sense for you to bet in a different way. Single win: The most popular type of bet is called a single win bet. It is called this it is a single bet (that is, you’re not betting on a whole bunch of different factors) and it is a win bet because you’re betting that the result of the game will be that the person (or team) either wins or loses.
For example, if you are betting on a game at Wimbledon, you’re not betting that Player A will drop their tennis racquet. You’re betting that Player A will win. This is the most popular and most “tried and true” method of betting for many bettors, whether novice, intermediate, or expert. But there are other types of betting, too.
Multi (Parlay) or accumulators: This is where you place one bet but you bet on a number of things to occur consecutively. In order to win the bet, you have to get all of the factors correct. Obviously, if you get even a single factor wrong, you’ll lose the bet so – as you can imagine – the odds are against you and the potential winnings are higher.
For example, you might place a multi bet on several play-off games, betting Team A will win the first and second game of the semi-finals but lose the third and then win the first and third games of the finals but lose the second. Each way: This is where you place two bets (of equal stakes) on two teams: usually the first and then either the second or third. For example, if you were betting on the Stanley Cup hockey play-offs, you might put an Each Way bet on Team A for first place and Team A possible coming in second or third.
Spread betting: This is where you bet on a spread of numbers that might occur during a particular event. Spread betting differs between Europe and North America. In North America, you bet based on the possible difference between the scores. A spread might be stated as “3” and the bettor then bets that one team’s score will be either less than or greater than 3 points above the other team’s score. In Europe, the spreads are stated in the score, not in the spread itself: A spread of 12-15 would mean that the bookie believes there will be a total of 12 to 15 goals made during the game. Bettor A who believes that the score will be greater than 15 will buy 15. Bettor B who believes the score will be less than 12 will “sell” 12. Then, if the score is greater, than 15, Bettor A will win money and Bettor B will lose money. If the score is lower than 12, Bettor A will lose money and Bettor B will win money.
The Tote: This is not a type of betting but rather a method of betting! That means rather than going through a bookmaker, all bets are placed in a pot and shared among those who bet correctly and won. For example, if 10 people each bet $100 (Six of them on team A to win and 4 of them on Team B to win), all that money is placed in a pot. If Team B wins, then the 4 will split the pot between them, receiving back their stake and splitting the additional $600 from the losing bettors between them. Exchange betting: Like the tote, this is not a type of betting but rather a method of betting. Financial markets have exchanges and now the internet offers bettors a number of betting exchanges allowing you to place bets on a variety of things around the world.