When you are betting on sports, the odds for an event are set by a sportsbook based on probability. Events with low probability pay out less, while those with high probability pay out more. The risk associated with these events is higher, but the rewards are higher as well. Most sporting events have two sides, while some allow you to place bets on multiple sides.

Daily doubles

If you’re new to sports betting, a daily double bet is a great way to get started. You can play with a budget of as little as $10 per bet, and it will give you a good chance to build up your bankroll. Daily double payouts tend to be steady and generous, and they’re good for multiple races.

Over/Under

Over/Under sports betting is a popular type of wager that enables you to bet on the outcome of a contest without picking the winner. This is a great option for those who are unsure of the outcome of a game or for those who are betting on a favorite with poor odds. The concept is easy to understand and works for any sport. The bookmakers set a line, and then show you two different betting options. You can then choose which you want to bet on. Some betting sites also make the market a two-way one by adding.5 to the line, ensuring that you have two choices in the event of a tie.

Pick six

If you enjoy betting on horse races, you may want to try Pick Six sports betting. This bet involves picking the first six runners in a race. The races are likely to feature stakes races, claimers, and handicaps, so choosing the right six runners is a tough task.

Futures bets

In sports betting, futures bets are bets on upcoming events. For example, you can bet on whether the Braves will win the World Series or whether LeBron James will win NBA MVP. You can also place a futures bet on a team’s win total, such as whether the Bengals will win more than 6.5 games. These are the most straightforward bets.

Parlay cards

Parlay cards are a popular way for sports bettors to make more than one bet. These cards are usually available during football season, and there are many different types to choose from, including teasers, ties, and pleasers. Many sports wagering apps also offer parlay cards.

Mixed systems betting

Mixed systems betting for sports betting is a betting strategy in which bettors place a combination of wagers on the results of two teams or games. This type of bet relies on a number of factors, including team or player statistics, public opinion, and team psyche. These factors include past performance, team chemistry, and motivation.