05.06.2023 - Sports betting has become increasingly popular over the past few years as more people look to capitalize on their knowledge of sports and make some extra money. But with all of the different types of bets that you can place, it can be difficult to know which ones are the safest.
Moneyline Bets
Moneyline bets are some of the simplest and safest bets to place. These bets involve picking one team to win a game or an event outright. As long as you do your research and pick a winner, these types of bets can be very profitable.
With moneyline bets, you don’t have to worry about spreads or other factors that can make betting more complicated. Just pick a winner, and you will be rewarded if you are right.
Over/Under Bets
Another type of bet that is relatively safe is an over/under bet. These bets involve predicting whether the total score in a game or event will be more or less than the set line that the sportsbook has established.
Over/under bets are a great way to maximize your chances of success because they don’t require you to pick a winner or loser. All you have to do is predict whether the total score will be higher or lower than the set line, and if you are right, you will be rewarded.
Parlay Bets
Parlay bets are also a very safe bet to place. Parlays involve combining multiple bets into one, and if all of your picks come through, you can earn big rewards.
However, parlays can be risky because if any of your picks fail to come through, then you will lose the entire parlay. That being said, if you do your research and make smart picks, a parlay can be an incredibly profitable bet.
Handicap Bets
Handicap bets are also a safe bet to place. These bets involve giving one team or player a “head start” in points over their opponents.
For example, if Team A is heavily favoured to win a game against Team B, then the sportsbook may set a line of -7.5 points in favour of Team A. This means that if you bet on Team A, they must win by 8 points or more for your bet to be successful.
These types of bets are particularly safe because even if the heavily favoured team doesn’t cover the spread, you still may be rewarded if your handicap bet is correct.
Draw No Bet
A draw no bet is also one of the safest bets to place. This type of bet allows you to bet on which team will win without having to worry about a draw or tie.
If your pick wins, then you will be rewarded. However, if the game ends in a draw or tie, you will receive your stake back. This makes draw no bet a very safe bet to make because you will never lose your entire stake.
Double Chance Bets
Finally, double chance bets are also a safe kind of bet to make. This type of bet allows you to pick two outcomes, and if either of them is correct, then you will be rewarded.
Double chance bets are particularly useful when betting on two teams that have an equal chance of winning. They can also be used in combination with other bets, such as moneyline, to maximize your chances of success.
For example, if you are betting on a game between two teams that have an equal chance of winning, then you could place a double chance bet to ensure that your money is not lost even if one team fails to win.
Overall, there are many different types of bets that can be made in sports betting. Each type has its own advantages and disadvantages, but some of the safest bets to make are moneyline, over/under, parlay, handicap, draw no bet, and double chance.
Doing your research and making smart picks is essential to maximize your chances of success when betting on sports.
How To Bet Responsibly
In addition to making safe bets, it is also important to bet responsibly. Sports betting can be very addictive, so it is important to remember that you should only ever bet with money that you can comfortably afford to lose.
Setting a budget and sticking to it is essential if you want to avoid getting into financial trouble while betting on sports.
It is also important to remember that betting on sports should be fun and not taken too seriously. If you find yourself getting too emotional or stressed out about your bets, then it might be time to take a break and come back when you have a clearer head. By following these tips, you can make sure that your sports betting experience is both safe and enjoyable.
