Betting on sports and horse races has become increasingly popular over the last few years, and it’s now possible to place these bets online. With reliable online sportsbooks and the use of crypto and other convenient banking methods, betting online has become easier. Choosing the type of sports bet to make can be challenging for new players, whether it’s a Union Jack patent bet or a proposition bet. Let’s take a closer look at the popular types of bets to make in a sportsbook.
Union Jack Bet
There are different kinds of sports in which you can place Union Jack wagers, including horse racing, football, tennis, and golf. This bet might be considered an old-school wager, but it has become more popular in recent years. This bet uses a 3×3 grid system with nine selections, and the number of bets ranges from 8 to 80. The bet also consists of different combinations, including trebles, patents, trixies, and round robins. The nine-selection wager consists of 56 bets, which are eight trebles, 24 doubles, and 24 singles.
Over/Under Bet
In sports betting, an over-under bet is also a popular option. You will be betting on whether a specific statistic will be higher or lower than a quoted value. For instance, if the bet is over 2.5 goals, that means that you are placing a bet on the chance that the team will score three goals or more. But if it’s under 2.5 goals, you are predicting that there will be two or fewer goals in total.
Moneyline Bet
A moneyline bet is a straight bet placed on the outcome of a sports game. You basically bet on which team or competitor will win any given match. Since the wager is only on who will win, there are usually two outcomes. This is the simplest way to place bets on sports and is suitable for beginners.
Proposition Bet
In sports betting, a proposition bet is a side wager, and it might not have anything to do with the final outcome of the game.
They are separate from general bets made in sports. For instance, if you’re a fan of basketball, you can bet on the first player to record a basket in an NBA game. Or, for football fans, you can bet on the length of the national anthem at the Super Bowl.
Trifecta
This is one of the toughest bets you can make in horse racing, and it involves predicting which horses will finish first, second, and third in the exact order. This bet is pretty difficult, requiring you to get all three winners right. If one is wrong, then you can lose the bet.
Trixie
In the simplest form, a Trixie bet is where punters make three different selections and place four separate bets on these. The wagers consist of three doubles and one treble, increasing your chances of getting returns from your bet.
For instance, if you are betting on teams A, B, and C. A Trixie bet is three double bets, A+B, A+C, and B+C, and one treble: A+B+C. So, regardless of how it goes, you have a chance to win.
Superfecta
A superfecta bet takes the trifecta bet one step further. It involves predicting the first four finishers of a horse race in that exact order. The superfecta bet must correctly predict the horses that will finish first, second, third, and fourth in that precise order.
Making Exciting Bets on Sports and Horse Racing
Betting on sporting events and horse racing is exciting because there are so many ways to go about it. Regardless of the sports that you enjoy watching, you can make things more exciting with different types of bets, whether it’s on one outcome or different results.