Types of Bets

Different Types of Bets You Can Place

Are you looking for a new way to have fun and make money? Look no further than Odibet, the best app for placing bets. There are many different types of bets that one can place, each with its own set of rules and payouts. Understanding the various types of bets available can help you make wise decisions when placing your wagers. Download Odibet app today and start exploring all the different types of bets available!


Straight Bets

One of the most common types of bets is a straight bet. This type of bet involves betting on a single game or event outcome at predetermined odds. The most common type of straight bet is a moneyline bet, which involves selecting one team to win the game outright. Other forms of straight bets include point spread betting, totals betting and proposition bets.

Parlay Bets

A parlay bet combines multiple individual wagers into one larger bet and pays out higher potential winnings than would be possible with an individual wager alone. Parlays offer higher rewards due to their greater degree of difficulty; all selections must be correct for the parlay to win. Common types include two-team parlays, three-team parlays or teasers, four-team parlays or teasers and five-team parlays or teasers.

Round Robin Bets

Round Robin Bets are a form of parlay bet that involves multiple wagers. As opposed to traditional parlays, which require all selections to be correct in order for the bet to win, Round Robin Bets divide the parlay into smaller bets, creating several different bets with different combinations of selections. The most common type of Round Robin Bet is the “3-Teamer” where three selections are divided into two 2-team and one 3-team parlays.

In addition to straight and parlay betting, Round Robin Bets offer a higher degree of flexibility as they allow bettors to increase their chances of winning without increasing the risk associated with each individual wager. This can be particularly advantageous when betting on games or events with multiple outcomes, such as golf tournaments or horse racing.

Round Robin Bets can also be used strategically by experienced bettors who want to hedge their bets. By combining a selection from one game with another from a completely different game or event, bettors can create several larger bets that protect against any single outcome failing while still allowing them to potentially win more than they would have with an individual wager alone.


Round Robin Bets offer players greater possibilities when it comes to sports betting, allowing them to combine multiple wagers into one and increase their chances at winning bigger sums of money. With careful planning and strategic decisions, bettors can potentially take advantage of these types of bets in order to maximize their winnings.

Futures Bets

Futures bets are a type of wager in which the bettor predicts the outcome of an event that will take place in the future. These bets can be placed on a variety of events, such as sports matches, political elections, and even who will win awards or become popular in entertainment. Unlike straight or parlay bets, futures wagers don’t have to be placed on a single game or event. Instead, these bets may be placed over a period of time with the potential to win larger amounts than traditional wagers.

In sports betting, futures wagers are commonly used to bet on seasonal outcomes such as which team will make it to the playoffs, who will win a championship title, or who will be named MVP. Political futures bets involve predicting which candidate will win an election while entertainment futures involve predicting who will become popular in music or movies.

When placing a futures bet, you must research extensively before making any decisions as one wrong move could cost you huge potential profits. Futures prices may fluctuate significantly depending on factors such as player performance and injuries so it’s important to remain updated on news developments concerning your selection. Furthermore, long-term trends should always be taken into consideration when placing any type of wager as these can help you identify profitable opportunities over time.

Knowing how to identify different types of bets can help you become more knowledgeable when it comes to choosing where to place your hard earned money when betting on sports or games such as horse racing, blackjack, roulette among others. Taking note of these tips combined with learning more about each type before making your decision could save you time and money in the long run!


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