Soccer betting options
It is in your best interest to know all your options before placing a bet. Straight betting is more of a long-term type of bet. You’re not going to pack on the big dough right away, but over time, it will add up. The parlay bet is more of a hope for bigger faster payouts. These are more of a weekly bet. The teaser bet can be used in various ways. You won’t win much from teasers because the payouts are lower, but they are a good way to “hedge” your bet. “Coverage” will be explained in more detail later. Finally, the round robin bet is a combination of straight bet payouts and parlay payouts. They can keep you in it long-term or they can be a very quick payout. The following explanations should help you make the right decision and hopefully find a betting option that you really enjoy.
The first and easiest football betting option is straight betting. Let me rephrase that, placing the bet is simple, choosing the bet you like is even simpler if you have the right selections or knowledge. Straight betting is exactly what it sounds like…straight. You find a team or an over/under that you like and bet on it. It is a single team bet.
For example, he likes the Bengals -5 over the Texans. You would go to the casino or place a bet online and tell the sportsbook that you would like 50 units on the Bengals. If they cover, you will receive your original bet plus another 45.5 units. The same goes if you like an over/under. Let’s say you like the over on the Chief game, which is 50. You would make the same bet as you would on the Bengal game and the payout is exactly the same. Straight betting is a betting option that you participate in throughout the season.
This is not the biggest bet lucrative betting books have to offer. This is a bet where if you stick with it for the long haul, the profits will eventually start to show. Most handicappers choose this betting option.
The money line bet option is much like the straight bet with just a little twist. When you bet on a football match on the money line, this involves a simple bet on the true winner of the game with no margin of points. Let’s go back to the example we used in the straight bet. In straight betting, the Bengals liked us -5 over the Texans. With the money line bet, we could make two choices. We could bet that the Bengals are going to win the game or the Texans are going to win the game. No point spreads, just win the game!
That’s called the money line bet. However, there is a difference between the two options. If you decide to bet on the favourite, you must bet more than you have to win. The reason for this is that you are taking away the point spread and making it easier to win the bet. If, on the other hand, you decide to pick the underdog, you’re saying the underdog will win the game, not just cover the spread. In this case, you can win more than you bet.
The next betting option is the parlay. Easy to do, a little harder to win. Parlay is a way of betting on multiple games in the hope of getting a big payout at the end if all the games win. The point spreads for the games are the same as for straight bets, so nothing changes there. For example, let’s say you like the Dolphins +2 against the Eagles and the over in the game at 37. You would go to the sportsbook and tell them parlay and the Dolphins and the over for 50 units. If both bets cover, you will receive your 50 units plus an additional 180 units. A much higher payout than the standard straight bet but again a little harder to win. If only one game does not win or draw, you lose the entire bet, that’s why it is considered a little more difficult.
With a parlay, you can bet more than two bets. Two bets is the minimum, and depending on the casino, the maximum number of bets will range from 5 to 8. Of course, the more teams you bet on, the higher the payout. These are some of the payments. For a three team parlay, the payout is 6 to 1 plus your original bet.
That means if you put 50 units on three or more/less different teams, you will get 300 units plus your original 50. For a four team parlay, the payout is 10-1 plus your original bet. For a five team parlay, the payout is 20-1 plus your original bet. Of course, the more teams you add, the harder it will be to win. Parlay is a quick way to get a big payout if you have the right knowledge and choices.
After parlays, the next football betting option would be teasers. Teasers are like combo games in that you pick multiple games and have to win them all. Teasers are wagered in the same way as parlays, except you will get more points for your wager. There are a couple of types of betting options for soccer teasers. Usually, depending on the casino, there are 6-point teasers and 7-point teasers.
You may be thinking to yourself if these are any good. You will get two separate answers for this. For college football, people don’t think they’re good because the games are usually blowouts and 7 extra points won’t do me any good. For professional soccer, people seem to enjoy the teasers and the extra points they receive because the professional games tend to be a bit closer.
Here’s an example of a teaser bet: Let’s say you like the Raiders beating the Bills this week, but you don’t think they’ll cover the -7 spread. So you would like to do a 7 point teaser and now you have the Raiders as Pick em’. Of course, you would have to add at least two more teams to place the bet. Again, a teaser is bet in the same way as a parlay, you need more than one team to place the bet. Another thing to remember with a teaser is that you can bet on both the favorite and the underdog of the same game.
Let’s go back to the Raiders example: Raiders -7 over the Bills. We have a 7 point teaser, you could take the Raiders as a pick em’ and the Bills as a 14 point underdog. You could win both ways. People enjoy teasers for other reasons, like “hedging a bet.” Let’s say you have a 100 unit 5 team parlay for Monday night’s game. You have already hit 4 teams and if the fifth team hits you will get a payout of 2000 units. But you want to make sure you win something. If that fifth team does not cover the differential, there will be no payment. So this is where you would “hedge your bet”. You could also “hedge” with a straight bet, but a teaser is a better way to go. “Hedge” means betting on the opposite team from your original team in your original bet. This way, you are assured of winning something no matter what.
The only time you would want to “cover” is when it comes to a parlay. Some people may find it strange to bet against your original bet, but the only difference between you and them is that you will walk away with units in your pocket using this betting option. The only downside to an off-board teaser is that you can’t over/under it. You can tease more/less than one card, but we’ll cover those later in the article. You may think that this is a great bet by receiving extra points, but the player ends up paying these points at the end in the form of lower payouts than in the parlay. This is not a betting option where you want to make poor choices with a lower payout.
The round robin is a form of parlay betting option. With round robin, you would bet like a parlay only now you are combining all your teams. This can be confusing to someone at first, but once you get the hang of it, it’s one of the best betting options out there.
The reason this is a good football betting option is because you don’t have to win every game to get at least some of your money back. Of course you have to play all the games to win a big prize, but if you win some of the games, you could get your money back or even a small win. A round robin parlay consists of two to eight teams. When you choose the number of teams you want to bet on, they are divided into two combined team combinations. Before all the confusion starts, let me explain: let’s say you want to bet a 3 team round robin. Your bet would consist of 3 teams. For this quick example, let’s call the teams Team 1, Team 2, and Team 3. I’ll move on to a better example when we start talking about betting units. A 3-team round robin is team 1 and team 2 (two-team parlay), team 1 and 3 (two-team parlay), and team 2 and 3 (two-team parlay).
Each team is paired with each other only once. Realize that every parlay is a bet. The more teams you bet on, the more parlays you will have and the more it will cost you.
Now here is your complete 3 team round robin betting option example:
Suppose you want to bet 100 units on a three team parlay. That will result in 300 units due to the three different combinations.
These are the teams you want to bet on:
Panthers -1
Rams -10
Patriots-2
If all three teams get it right, this is what their payout would look like:
Panthers and Rams bet 100 units to win 260
Bet 100 units on Panthers and Patriots to win 260
Bet 100 units on Rams and Patriots to win 260
Your total bet was 300 units and if all three win, you would win 480 units plus your original 300 for a total of 780.
Now let’s say that only two of the teams covered their roll:
Panthers and Rams bet 100 units to win 260
Bet of 100 units of Panthers and Patriots without profit
Bet of 100 units of Rams and Patriots without profit
Your total bet is still 300 units and you will collect 260 in total. So, in reality, you would only lose 40 units. That’s the difference between a round robin and a normal parlay, that chance to hit two out of three and lose a little.
Now remember, the more teams you bet, the more parlays you will have. Another added feature of round robin is that it can do more than just a two-team parlay. You could do two and three. What that means is that you want to bet all two-team parlays and three-team parlays. Let’s use our simple example of a 3 team round robin: Team 1, 2 and 3. All the accumulator bets on the two teams remain the same: 1 and 2, 1 and 3, and 2 and 3. Now you are adding another bet to the round robin with three: 1 and 2 and 3. Now, depending on how much you bet, your bet has increased by that amount. You now have 4 bets instead of 3.
It’s more of a gamble, but if everyone guesses right, your cashout also increases. Round robin is just another betting option offered to you by sports books.
There are so many betting options that you can choose from when it comes to betting on soccer. Hopefully these last few pages of information have helped you figure out which style of betting best suits your needs or maybe you’ve found a new betting option you want to try. Whether you’re in it for the long haul or for a quick payout, soccer betting is fun and exciting!