Types of sports betting. What do I need to know?

The types of bets at a betting shop can vary, and there are quite a few options available to the player. And there are all sorts of different types of bets that are created. The only difference here is the number of outcomes and the methods of calculation. Today there is a distinction:

1. Express.
2. Single.
3. System.

But it is necessary to understand everything in details.

Single

This is the most common betting option and is often used at almost every bank. It is a single bet where there is an expected outcome of a single event only. The player chooses an event in the line with specific odds. And if the outcome is successful, the player receives the payout.

Calculation of a single bet

For example, there is a match between Arsenal and Liverpool and the player bets EUR 1000 on Liverpool. In this case, the BC has an odds of 2.0. And if Liverpool wins, the player gets €2000, because the bet amount is multiplied by the coefficient of 2.0.  But if the opponent wins, the player loses the money. As you can see, everything is very simple and clear.

Express

It is a whole combination of single bets including several outcomes. There may be a minimum of 2 of them. This option is preferred because of the high odds, because they are additionally multiplied between them. 

For example, there are 3 matches:

1. In the match Borussia – Bayern, the odds on Bayern are 2.0.
2. Inter – Milan odds are 2.0 for Inter.
3. Chelsea – Manchester City – 2.0 on the city.

The odds here are 8 by multiplication.   And if all events are played, the payout for a bet of 1,000 will be 8,000 euros.  But if 1 outcome is unsuccessful, the player loses.

Of course, the more bets in a parlay, the higher the odds and the higher the possible winnings.

The system

What does it mean? This type of betting is suitable for those who are worried about one or a couple of possible outcomes in a match. A system is a combination of multiple selections of a certain size and number of outcomes. But each game is counted as a single multi. In the end, it is also necessary to determine the proportionality of the system. For instance, 2, 3, 4 matches are drawn, and so on.

If all the events win, the player gets the payment by multiplying the odds and the bet amount. It is important to note, however, that the payout will be smaller here, as there is a proportionality.

Calculation of the 3/5 system

This system says that 3 out of 5 matches should be played for the payout. For example, there are outcomes with a total bet amount of 10 thousand. That is, 10 bets are placed on the most different possibilities, it is 10 trebles. The stake in this case reaches 1/10 of the total, and each Parlay counts as a separate bet. So for each outcome a bet of €1,000 is made.

Looking at the table above, the system does not give you the possibility to go into deficit. But it all depends on the particular system and the number of bets in it.