Betting on sports has been going on for a long time. Today, there are plenty of sports enthusiasts who want nothing more than for their preferred team to win. But let’s say you want to bet on a football game or perhaps a hockey match – the terms used can be rather confusing, especially for beginners. Here, then, is a guide to the different kinds of bets you can make when it comes to sports games and matches.

What the different betting terms mean

Before you place your bet you should make sure you have read the terms of your bet, so the outcome will be exactly what you expect it to be. Here is a list of the most common bets and how exactly they work:

Betting to “Win”

This is the simplest and most easily understandable form of betting. With this, you are simply betting on your team (or your preferred player, if the game is tennis) to win. If they chance to win, the “odds” are 1/1 (1 to 1) that you would be able to double your money. For example, if you are betting €10, when you win you will receive €20, which is the €10 from your original bet and €10 profit.

If you bet on something that has the odds of 1/4 and you bet the same €10, then you would be able to get €12.50, which would constitute the €10 Euro of the bet you placed and €2.50 profit.

This form of odds where fractions are used is called “fractional odds”, which is most common in the UK and Ireland. In other parts of Europe, the Netherlands included, bettors prefer to use “decimal odds”.

A 1/1 fractional odd would be considered a 2 decimal odd. Basically, it means that if you pay €1 you will receive €2 if you win. The ¼ bet would be considered a 1.25, so your €1 bet would pay out €1 and 25 cents.

Betting “Each-way”

An “Each-way” bet consists of two bets in one, the first bet is similar to the above-mentioned “win bet” and the second part of the bet is a “place bet”. The “place bet” functions like a failsafe in case you lost the “win bet” but the team you bet on came close to winning.

For instance, if you place a €25 E/W, in fact, you will be betting €50 in total. €25 goes to the “win bet” and the other half of the money on a specific place, for instance, 1st, 2nd, or 3rd place. (This part of the bet can differ from place to place so make sure you are aware of the local rules before placing your bet).

Betting on “Place”

When you choose a “place bet” you will win if your favorite finishes 1st or close to the winner. Again, the number of places that payout depends on where you are so make sure you are aware of the house rules before placing your bet.

“Multiple” Betting

If you go for a “Multiple bet”, you will be choosing for several things to happen and all of them must come true. If you go for two different options, for example, your bet will be called a “double” and both your selections will have to win for you to get paid.

You can also choose three selections, which is called a “treble”. Again, all selections need to win for you to win. The last possibility when it comes to “multiple bets” would be a “four-fold. With this, you go with four selections and, like the others, all four need to win. The good news is that you can now play on sport through special sites. Mobile sports betting is entirely possible nowadays, as long as you know sites to go to which are reliable, trustworthy, and offer excellent customer support.