What are the most common types of sports bets?
The three most common types of sports bets are money line, spread, and totals (over/under). Moneyline is simply picking a team or individual to win. Spread is when one team is given a “head start” by the bookmaker to even out the betting (for example, if Duke is playing North Carolina, Duke might be -12, meaning they need to win by 13 points or more for you to win your bet). Finally, totals (over/under) are when you bet on whether the total combined points scored will be over or under a certain number set by the bookmaker.
How do I know how much to bet?
The amount you bet is entirely up to you. Most sportsbooks will allow you to bet anywhere from $0.50-$500 on a single bet, and some even go up to $5000 or more. If you’re starting, it’s recommended that you only bet a small amount until you get a feel for how the betting works.
What are the odds?
The odds are the probability of an event, as set by the bookmaker. The higher the odds, the less likely it is for that event to occur (for example, if Duke is playing North Carolina again and Duke is -12, that means Duke has an 88.89% chance of winning, according to the bookmaker). If you win a bet with high odds, you stand to win a lot of money. Know odds before playing at Mwplay888.
What is a parlay?
A parlay is when you bet on two or more events, and all of them must win for you to win your bet. For example, if you wanted to bet on Duke (-12) vs. North Carolina, the New York Yankees (-140) vs. the Boston Red Sox, and the Green Bay Packers (-250) vs. the Minnesota Vikings, that would be a three-team parlay.
If all three teams won their respective games, you would win all three bets and receive a payout accordingly. Parlays are generally considered to be high-risk/high-reward bets.
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