Before you place a bet, you must understand the mechanics of the market. The "Big Three" bet types form the foundation of all sports wagering strategies.
Answer-first
The three primary Sports Bet Types are the Moneyline (betting on who wins outright), the Point Spread (betting on the margin of victory), and the Total (betting on the combined score). Mastering these allows you to exploit different angles of a matchup beyond just "who will win."
1. Moneyline (Winner)
The Moneyline is the simplest wager: Who wins the game? However, the payout depends heavily on the odds.
[Image of moneyline odds comparison]
SCENARIO: NBA GAME
Celtics (-200): You must bet $200 to win $100. (Favorite)
Heat (+160): You bet $100 to win $160. (Underdog)
> Strategy: Use Moneyline for Underdogs with value, or heavily favored teams in Parlays.
2. Point Spread (Margin)
The Spread is the great equalizer. It handicaps the favorite to create a 50/50 proposition.
SCENARIO: NFL GAME
Chiefs (-7.5): Must win by 8 or more points.
Raiders (+7.5): Must win outright OR lose by 7 or less.
> Strategy: Use Spreads when you believe the market has overestimated a Favorite's dominance.
3. Over/Under (Totals)
This bet ignores the winner entirely. It focuses on the pace and offensive efficiency of the game.
SCENARIO: MLB GAME
Total: 8.5 Runs
Over: Needs 9+ runs combined.
Under: Needs 8 or fewer runs.
> Strategy: Bet Unders in high-wind conditions; bet Overs when defenses are fatigued.
Choosing Wisely
Don't force a bet type. Let the data dictate the market.
- If you have an edge on Pace, bet the Total.
- If you have an edge on Motivation, bet the Spread.
- If you have an edge on a specific Matchup, look at Player Props.
FAQ
Can a spread bet end in a tie?
Yes, if the spread is a whole number (e.g., -7) and the favorite wins by exactly 7, it is a "Push" and your money is refunded.