When it comes to PA online sports betting, there are many bet types to choose from.
Online betting PA sites provide multi-bet options to get involved with. This allows you to make more than one betting selection. You can opt to use singles, parlays or even round robins. The round-robin option allows bettors the chance to put several combinations on the one betting slip.
Live betting is also popular when betting on sports in Pennsylvania. A lot of people prefer to place their bets before the game starts, but a lot more are interested in live betting. This allows you to wager bets while the action is taking place. Most sportsbooks offer this function on all matches and all leagues.
Here are some of the most popular types of bets used in Pennsylvania:
Moneyline Bet is the simplest way to bet on sports. All you have to do is correctly predict the outright winner of the game. The favorite will have a minus sign in front of a three-digit number. The underdog will have a plus.
Let’s use the NBA as an example. The Chicago Bulls are available at +360, while the Philadelphia 76ers are available at -133. The Bulls are seen as the underdogs here and have higher odds. If you place a wager of $100 on them to win, then you will win $360 if it’s successful.
On the other hand, if you opt to back the favorite – 76ers – then you'd need to wager $133 to win $100.
Sports Betting Futures
Sports betting futures are similar to trading futures with stocks and indices. This is seen as a long-term bet. Future odds allow you to bet on who will win the Super Bowl or MVP award at the start of the season.
Other bets of this nature could include, backing the Philadelphia Phillies to win the National League pennant, backing Sidney Crosby to win the NHL MVP Award or backing Tiger Woods to win the US Masters. Most of these bets are placed before the season starts.
These are straight odds and it is focused on keeping your attention on your bet throughout the whole season.
Point Spread Betting
Point Spread Betting is the most common bet for any team game in America. The different sport betting sites will make their predictions about who they think will win and by how many points.
An example would be, Philadelphia Eagles to be backed at -7.5 over the New York Giants +7.5. The Eagles are the favorites and will have eight points taken off them for the purpose of the bet. The odds for that to happen are -110.
By backing the Eagles, your bet will be successful if they win by eight or more points. You would lose if the Eagles lost or won by less than eight.
A wager on the Giants +7.5 would work the opposite way. They would win your wager if they won the game outright or lost by 8 or fewer points. Your wager wouldn't be successful if they lost by 8 or more points.
Total Bet – Over Under
Another term for totals would be Total Bet and Over Under. Bettors can look at the games and predict how many points will be scored by going over/under. It is basically a 50/50 shot, so the odds on this market will be virtually the same.
The sportsbook will set a total number of points for the game. In an NFL game between the Eagles and Giants, the over under line might be 45.5. You'd either bet on the over or the under. The outcome of the wager is determined by the total points scored by both the Eagles and Giants combined.
Prop Bets are seen as a bit of fun, rather than a serious gamble.
You can bet on things like what color the Gatorade will be that gets poured over the winning coach in the Super Bowl, the opening coin toss to land on tails, or what celebration will be used for the first touchdown or even sack of the game.
Other bets of this nature include the time of the first touchdown/basket/goal, will a player score two touchdowns or will the team that scores first go on and win.
Parlay Bets allow bettors to wager on multiple games at one time. If you opt to back five teams to win, then this will be classed as a parlay bet.
Point Spread Betting, Totals, Over Under, and Moneyline Bets can be included in the parlay. Each game is called a leg. For your parlay to be deemed successful, then all of your legs have to come in. If not, you will lose.
This is a special parlay that is more frequent in ice hockey and baseball. This involves picking the over/under totals in all the games played on a certain day.
This is a baseball wager. It’s basically a point spread bet for baseball. The spread on this market will almost always be 1.5.
The puck line is ice hockey’s version of a run line. Again, in almost all cases, the puck line will be set at 1.5 points.