Sports Betting Strategies

Whether you bet online or at a sportsbook in person, you should know what types of bets are available and what the payouts are. There are also some betting strategies to consider if you want to make a lot of money.

Betting on favorites is one way to boost your profits. However, betting on favorites also carries risk. If you are not careful, you can wipe out any returns you make if your favorite loses. If you have a solid betting strategy, you can bet on underdogs and earn a lot of money.

Point spreads are one of the most popular types of bets. They allow you to bet on both teams. The point spread is the margin of points the favored team must win by to cover the spread. In most games, the point spread is between 11 and 10 odds.

Moneyline wagers are another type of bet. In these bets, players lay money to win $100. If the team you bet on wins, you will be able to receive your money back plus the original bet.

Point spreads also allow you to bet on the exact score. You can also bet on whether the total score will be over or under a certain number.

Totals are another popular type of bet. The total is the combined score of the two teams. For example, if the New York Yankees are favored by 14 points, the Oakland Raiders will have to win by 11, 12, or 13 points to cover the spread.