Types Of Sports Bets You Must Have In Your Sports Betting Website

1. Types Of Sports Bets You Must Have In Your  Sports Betting Website    Table of Contents  1. What Is Online Sports Betting?  2. Importance Of Having Diverse Bets On Your Sports Betting  Platform  3. Types Of Sports Bets A Sports Betting Platform Must Have    Several new entrepreneurs while getting their sports betting  platform developed try to incorporate as many features as possible.  While several shoot for top-notch features and functionalities,  several go for the clutter-free and user-friendly platforms to deliver  one of a kind betting experience to their users.     In today’s competitive market, it’s crucial to deliver the best and  every new sportsbook strives to be the finest. Every new sports  betting platform provides its users with lucrative welcome bonuses,  several tools that render ease of access, engaging as well as  clutter-free user interfaces and many more features.     But what about the bet types?     Supporting diverse bet types is equally crucial as equipping your  users with robust features and tools. Hence, we have created a  comprehensive list of must-have types of sports bets on your sports  betting platform that will provide you with complete clarity and will  help you understand the sports betting better.     But before we jump right into it, let’s take a quick look at the basics.     What Is Online Sports Betting? 

2.    Sports betting allows bettors or punters to place wagers on the  outcomes of an event. Why do bettors place bets? To win extra  money. A bet can have multiple possible outcomes and bettors place  wagers by analyzing the odds provided by the bookmaker.     Sports betting involves several popular sports. Punters can place  wagers on several sports such as football, basketball, tennis, golf,  cricket, hockey, wrestling, rugby, and several more. And for placing  the bets, bettors make use of online sports betting websites.     Online sports betting websites provide punters a platform to place  bets. Bettors create an account on the sports betting website and  make a deposit to get started. Several punters bet for fun and  entertainment while for professional bettors, sports betting is a  serious source of income.      Importance Of Having Different Types of Bets  On Your Sports Betting Platform    Sports bets are the heart and soul of the sports betting platforms.  Most successful platforms provide their users with different types of  bets. The more, the merrier. But why should a platform give so much  thought about the types of sports bets? Well, there are plenty of  reasons.     Attracts new bettors   When online sports betting platforms offer several sports bets on  their platform, it enables them to attract new users to their  platforms as it gives bettors plenty of choices to pick the bets they  prefer.     Elevated Engagement  

3. When bettors on the platform have plenty of options, it keeps them  engaged as it enables them to place bets in their preferred betting  styles and formats.     Exploration for Noob Bettors  Multiple type of bets allows noob bettors to explore diverse sports  betting types. In addition to this, these also enable them to get  comfortable with new bet types and help them enhance their betting  skills.     Enhanced Player Participation  Bets boost participation. When you provide multiple bet types your  users prefer, it enables them to participate, which in turn helps you  boost your revenue.     Increased Customer Retention  When you provide types of sports bets to the bettors desired by  them, it keeps them coming back to your online sports betting  platform, which enables you to boost customer retention.     Keeps you Ahead of the competition  In today’s cut-throat competition, several sports bettings platforms  provide hundreds of bets to the punters on their platform to keep  them engaged. When you provide the types of bets that are loved  and preferred by the punters, it enables you to cut through the  clutter and helps you stay ahead of the competition.     Now that we know why it's crucial to have different types of bets on  the platform, let's take a look at the list of must-have types of sports  bets that must be present in a sports betting platform.   Types of Sports Bets a Sports Betting  Platform Must Have   

4. Sports betting platforms provide hundreds of bets to their users to  ensure they stay engaged and keep coming back to the platform.  But there are few bets that are most loved by the bettors around the  globe and these make it to the list of must-have sports bets on your  sports betting platform. Some of these render simplicity while some  of these add excitement and thrill to the betting experience. Let’s  check them all out.     Straight Bet    The straight bet is one of the most common bets among the bettors,  which makes it one of the must-haves on your platform. It is also  one of the most preferred bets when it comes to popular sports such  as basketball or football. This bet involves a betting line, which is  also known as the point spread. This enables players to either bet on  the underdog and earn some points or give up points by betting on  the favorite. To cash-in, the favorite needs to win by more than the  point spread. In the case of the underdog, he has to lose by less than  the set point spread to win the bet. When draws happen in such bets,  these are known as push, which means, no one loses or wins money  in the end.    Parlay Bets  Parlay bets are also known as combo bets, multi, or accumulator.  These are the single bets that tie up two or more bets together.  These can be 2 bets tied together or can be 10. The reason why  bettors go for these bets is that these offer higher payouts, but  these also involve larger risks. To win the parlay bet, punters are  required to win every single bet. If any single one of these is lost,  punters lose the bet. In case of a draw or a “push”, the bet gets  removed from the parlay.     Over/Under   Over/Under bets are also known as Total wagers. And as the name  suggests, the bets depend on the total score of any match. Total 

5. here stands for the sum of scores of both the teams. Odds providers  come up with a figure and bettors place wagers on whether the sum  of the scores would be over that provided number or under it. The  winnings in this bet majorly depend on the odds provided.     Full Cover Bets  Full cover bets go by different names. And the names depend on the  selection. The selection of three is called Trixie, selection of four is  Yankee, selection of five is Canadian, selection of six is Heinz,  selection of seven is Super Heinz, and selection of eigh is known as  Goliath. The biggest reason why bettors love full cover bets is it  comes with an advantage. The advantage of splitting the bet in  multiple selections. When the bet is placed in this format, players  earn the payout even when they don’t win all selections. This enables  bettors to make a profit without taking much risk and hence, this  makes full cover bets one of the most preferred bets by amateur  bettors.     Futures Bets  Future bets involve placing wagers on outcomes based on events  that will occur in the future. This involves placing bets on WorldCup,  college football championships, MLB world series before they even  commence. Bets are placed on the entire season and these also  involve plenty of games the outcome of which influences wins or  losses. These bets are best for boosting the engagement of players  on your sports betting platform as they go on for weeks and  sometimes even for months.      Handicap Bets  Handicap bets are also known as the spread, line betting, or points  betting. These bets allow bookmakers to even the field by giving  disadvantages or advantages to certain competitors. This enables  them to transform a sports event consisting of varying odds into an  even money match.   

6. Money Line Bets  Money line bets are the simplest form of bets and in these bets, a  punter just picks the team he/she expects to win. That’s it. These  bets are represented in negative as well as positive values. The  negative values represent the favorite team and also tell the punters  how much money they need to wager to win $100. Positive values  stand for underdogs. Higher positive values show that the teams are  expected to lose according to the predictions of oddsmakers.    Head-to-Head Bets  Head to head bets are also known as two-way bets and belong to  the traditional group of the bets. These bets enable bettors to bet on  wins, lose as well as draws. Draws are the third type of outcome in  these bets and bettors can place wagers on these outcomes as well.  The simplicity of head to head bets make them favorable among  amateur as well as professional bettors.     Teaser Bets  Teaser bets are similar to parlay bets. Both types of bets involve the  selection of multiple events. In order to cash-in, bettors need to  make all the right choices. The teaser bets are common in football  and basketballs.     Pleaser Bets  Pleaser bets allow bettors to move the line in the favor of a  sportsbook. And this is done in the exchange for better odds. This  gives sportsbooks a better line and also provides the opportunity to  the bettors to receive higher payouts. The more points bettors give  away, better the odds they receive.     Looking For A Comprehensive Solution That  Supports All The Must-have Bets?    

7. GammaStack ​can help. GammaStack is one of the well known as  well as well established organizations that specializes in iGaming.  Equipped with 8+ years of experience in the iGaming industry and a  team of highly skilled and seasoned professionals, we deliver  best-in-industry solutions that drive success to your business.     Our key offerings include ​sports betting website development​ and  sports betting app development​ that supports all the must-have bet  types to ensure maximum engagement of the bettors. Our solutions  deliver a best-in-class betting experience to your users and enable  you to maximize customer retention. Over the years, we have armed  several businesses with comprehensive sports betting solutions and  have enabled them to achieve their business goals and reach new  heights.    Want to join the hub of most successful sports betting businesses?  Contact us today​!    Sources:     https://www.gamblingsites.com/sports-betting/introduction/bets -wagers/  https://www.onlinegamblingsites.com/betting/wagers-bets/  https://www.worldcasinodirectory.com/articles/different-types-o f-sports-bets