Types of Sports Betting

If you want to bet on sports, there are many different types of betting options available. These include point spread, Exotic bets, and Online sportsbooks. You can also find out more about bonus offers from these sportsbooks in this article. It is important to read the betting odds before placing any bets.

Online sportsbooks

In recent weeks, New York legislators introduced a bill to legalize and expand online sportsbooks. If passed, the new legislation would increase the number of online sportsbooks in New York from nine to sixteen by 2024 and reduce the tax rate on online sports betting from 51% to 25%. Although the tax rate was a sticking point under Governor Andrew Cuomo’s administration, the lawmakers hope to move the industry toward a more sustainable model.

Bonuses offered by sportsbooks

Sportsbooks offer bonuses to attract players. Most of these bonuses come in the form of free play. You can use part of the bonus money without wagering the money, but you will have to meet a certain rollover requirement. Some sportsbooks also have special days for their customers and offer additional bonuses.

Point spread bets

Point spread bets are a type of wager where you can bet on the outcome of a game. They differ from moneyline bets in that the spread doesn’t necessarily match the final score of a game. This means that if you bet on a team that loses, it could still cover the spread, making it a winning bet. If Kansas wins by 51 points, for example, the spread is -9.5.

Exotic bets

When betting on sports, sportsbook exotic bets are an excellent way to increase your winnings. These bets come with higher odds than traditional bets, but the payouts can be huge. These bets are offered by many sportsbooks, but they should be placed only with a US-licensed sportsbook. This is because offshore sportsbooks may use your money for illegal activities.

Futures bets

Sportsbook futures bets offer a great way to place a wager on a future event. Typically, you can wager on the outcome of a particular game, league title, or individual award. You can also place bets on favorite teams. For instance, you can place a bet on the New York Jets to win the Super Bowl at odds of 80-1. The bet would be good from the first game of the season to the final play of the Big Game.

Arbitrage

Sportsbooks allow you to place bets on a wide variety of sporting events. Some offer different incentives to boost betting activity, such as risk-free betting. In such cases, you can bet up to five times your bankroll with little or no risk.