introduction
The sports betting market has been in a golden age in the past quarter century, with hundreds of new markets emerging. Sports betting companies are competing for different elements, but those who innovate and find new betting markets have the golden ticket to success. However, this is more difficult in the sports betting market, as there are only a limited number of them, except for the virtual market.
Some sportsbooks prioritize other areas of their platform: while they won’t ignore the importance of offering a wide range of betting markets and bet types, others will cite payout speed or a strong social media presence as the factors they value most.
Expert review sites WSN.com Recognizing the importance of both, a solid sportsbook will be able to offer a service with several great features, such as fast payouts (example in the link above), rather than one standout category, without leaving other parts of their site or mobile app lacking.
In-play betting
Mobile apps have completely transformed the way gamblers place bets online. Popular sports like soccer, American football, tennis, basketball, horse racing and more have all been transformed by the dramatic development of in-game betting and mobile app gambling.
In soccer, you can find markets on a variety of in-match outcomes, such as the next goalscorer, the next player to receive a booking, which team will win the most corner kicks, which player will receive a red card, and more.
In basketball, you can bet on each quarter and which player will score the most points or assists. Tennis markets operate on an even more micro level, allowing you to bet on individual rallies and whether a player will break serve or fault on their first serve.
All of these markets didn’t exist 25 years ago. They are the very markets we’re referring to in this introduction. It doesn’t matter if we’re talking about combat sports or other smaller markets. They may not have as wide a range of in-play markets as soccer or American football, but they all play a role in ensuring that in-play betting is a standalone, multi-billion dollar part of the industry.
Traditional sports betting market
If you look back to the pre-internet era (if you’re old enough to remember), the sports betting market was much smaller and the options were much more limited than they are today. However, all of the markets you could find in brick-and-mortar stores in the 1980s and 1990s can also be found online, and the most common ones are:
Money Line/Straight Bets
One of the most common types of bets is the money line bet, which is a bet on one outcome of the game, such as a team winning or the game being tied. This is the most common bet found on big one-off games like the Super Bowl, which has a huge betting market. FA Cup Final In the UK.
Accumulator Betting – Multiple Bets/Parlays
It may have a few different names, but a multiple bet or accumulator is the combination of one or more selections. All selections must be successful for the wager to be paid, but many sports betting companies now offer cash out options or early payouts if a team leads by two or more goals or a specified number of points.
Futures/Outrights
Some bettors want to get a bit more out of their bets. Futures bets are bets where you bet on who will win a particular competition. An example of this would be which team will win the NBA playoffs before the new season begins. In soccer, you bet on which team will win the league or cup before the season starts. Some outright markets extend to a range of other markets such as: film And on TV, you can even bet on which movie will win an Oscar, for example.
Handicap betting
Another market that has proven to be very successful is the Handicap betting market, where a pre-determined amount is subtracted or added to the total when betting on a team. So a -3 handicap on a soccer match means that the team needs to win the match by 3 or more goals for the bet to be successful.
lastly
There are hundreds of markets in today’s burgeoning gambling industry, and today we’ll cover a few of them and hopefully give you some insight into just how many betting markets there are. Learning about the types of bets, at least from our perspective, focuses on two different elements of sports betting: in-play betting and the more traditional markets.
While there is certainly some overlap, and bettors will often bet on both elements depending on where they can find the best odds, it can be said that there are certainly more betting markets available today than there were a few decades ago.
It’s hard to imagine where the market is headed in terms of the avenues available to bet on. It feels like it’s hit a bottleneck or plateau, but if you want to analyze sports betting and discern what the market has in store for you, there is a wealth of knowledge you can draw on.
Source: Our Culture – ourculturemag.com
