Best Online Sports Betting 2020
Are you new to sports betting and you don’t know that there are so many online sports betting available for different sports? Are you having a hard time understanding these various types of online sports betting available? Are you a professional bettor who has always tried only one system of online sports betting because you don’t know how to go about the other systems? Do you even know that there are some best online betting sites? In this text, we will set out to examine some of the best online betting sites.
- There are so many sports bet types
- The top online sports betting reduces your betting risks
- Good internet betting sites increases winning chances
Online Sports Bet Types
There are so many sports bet types for virtually all sports. While some bet types are for specific or individual sports like football, basketball, horseracing, golf, hockey, tennis, baseball etc; some can be used for a wide range of sports.
The best sports bet types are as follows:
Each Way Bet
Each way bet is a wager offered by sportbooks. It combines two separate bets into one: a winning bet and a place bet. For you to have a return on the win bet, your selection must win or finish in the first position in the game. For you to have a return on the place part, your selection must either win or finish in any of the top positions for the event, such as first, second or third place. The number of positions on which you can cash out on a place bet differs from sportsbook to sportsbook, but is often the first 4 or 5 places. The odds of place bet are normally in fractions (1/2, 1/3, 1/4 or 1/5) of the win odds.
The major sport associated with each-way gambling is horse racing. It is also used for tournament-based competitions like FIFA World Cup (football), league football, the Masters (golf), Formula 1 (motor racing), greyhound racing, cycling competitions, golf, snooker, NBA, NHL, MLB and NFL.
For more reads and practical examples on this bet, please visit our each way bet page.
Yankee bet is one the most popular online sports betting. Yankee bet is a four-selection wager that consists of six double bets, four treble bets, and a Four-Fold accumulator bet. This betting type holds juicy returns should a punter win all the selections were chosen. The amount won from a Yankee depends on the number of selections that were successful and the odds of each one.
By definition, a Yankee bet consists of 11 bets made from 4 selections in different events. Let’s say the four events selected are events 1, 2, 3, and 4, then 11 bets that made up the Yankee. A Yankee bet example will help illustrate this better:
|Part||Selections (1-4)||Number of Bets|
|Double bet||12, 13, 14, 23, 24, 34||6|
|Treble bet||123, 124, 134, 234||4|
|Total Number of Bets||11|
When you place a Yankee bet (as demonstrated in the Yankee bet example above), you are actually placing 11 bets on four different selections, meaning that a $1 win-only Yankee bet would actually cost $11. Yankee bet shares one major of the System Bet that it belongs to – It affords you the opportunity to see a return on your money even if not all selections are winners. It is important to know that the amount a punter won from a Yankee bet depends on the number of selections that won and the odds of each one. The fact that a Yankee bet does not contain a single bet means that two of the selection made by punter must win in order for a return to be made on the bet.
There are different types of Yankee bet, they include the super Yankee and the Each Way Yankee. For further reviews and examples, please visit our yankee bet page.
Accumulator Bet is also very popular in sports betting. It is also known as Parlays and Multiples. An accumulator bet simply combines a number of different bets of whole games or single events into a single bet that gains a return only when all parts win. The odds of an accumulated bet are usually multiplied to calculate the actual payout. This bet is mostly used in a two opponent’s sport which can only conclude in two or three ways – either one opponent wins, loses or they draw. This bet is popular in football, horse race, basketball, ice hockey and tennis.
All you have to do to win this bet is to pick a number of teams that you think will win their matches, put them all in an accumulator bet and cash out when they win. It is important to note that all your preselected teams must win to cash out, you lose out even if one of the teams fail to win. You can also pick and combine games from more than one league & sport and there is no limit to the number of matches or games you can select although bookmakers sometimes impose limits on themselves.
Lucky 15 Bet, Lucky 31 and Lucky 63
The lucky 15 bet deals with combinations of multiple bet from four selections. It is quite popular with horse racing and greyhounds. This bet is a 4 selection wager in different events. It consists of 15 bets which include 4 singles, 6 doubles, 4 trebles and 1 fourfold accumulator. The bets name originates from the combination of its 15 constituent bets and the target of bookies bonuses. The returns recovered from a Lucky 15 depends on the number of selections which win and the odds of each one. Just one win is required to gain a return on the bet from the four selections because the Lucky 15 bet has no single bet. A typical lucky 15 bet looks like the table below:
|Part||Selections||Number of Bets|
|Single||1, 2, 3, 4||4|
|Double||12, 13, 14, 23, 24, 34||6|
|Treble||123, 124, 134, 234||4|
The lucky 31 on the other hand is a 5-selection wager which consists of 31 bets: 5 singles, 10 doubles, 10 trebles, 5 four-folds and 1 five-fold accumulator. It got its name from its combination of 31 constituent bets and the target of bookies bonuses. A typical lucky 31 bet looks like the table below:
|Part||Selection Permutations (1-5)||Number of Bets|
|Single||1, 2, 3, 4, 5||5|
|Double||12, 13, 14, 15, 23, 24, 25, 34, 35, 45||10|
|Treble||123, 124, 125, 134, 135, 145, 234, 235, 245, 345||10|
|Four-Fold||1234, 1235, 1245, 1345, 2345||5|
The lucky 63 is a 6 selection wager which consists of 31 bets: 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and 1 six-fold accumulator. For more reads and practical examples on the Lucky bets, please visit our lucky 31 bets page.
Bet Types to Avoid
The goal of this betting is to recover any loss incurred during initial bets by doubling your wager on the next bet. This allows you to recover all your initial losses from just the first win. This sounds tantalizing, right? I’m sorry to burst your bubbles, it is not as easy as it seems because you can easily go bankrupt with a run of bankrupt while chasing and trying to recover your losses. For example, if you lost $10 on your first wager, your next bet will be $20, third $40, fourth $80 until you lose huge sums of money trying to recover your loses. The only way this could work is if you have unlimited cash which is quite impossible.
Fibonacci Betting System
The Fibonacci system uses number sequences like 0, 1, 2, 3, 5, 8, 13 and so on. It is based on adding the two preceding numbers together. To apply this system to sports betting, you place a wager of $2 on a match, if you lost the bet, you will increase the wager to $3 in the next match on and on like that. It is very similar to the Martingale system with the gradual increase of the stake, the only difference is that the Fibonacci system is only used for odds on draw results with 2.618 probability and above. It shares the same disadvantages as the Martingale system.
Want to Know more about the Best Online Sports Betting?
The information that has been provided in this text should be more than sufficient to get you started with your betting career. However, it is very much understandable that you may have some other questions in mind that may not be addressed in this text. Thus, it is very important that you check up our Sports Betting Comparison to find out more relevant information about the best online sportsbooks and gambling sites.