Betting sides and totals on major sports such as baseball, basketball and football are the most commonly-placed bets across the globe. However, many sportsbooks also provide proposition betting (or props shorter) for gambling on sports that are not team-based, such as golf, tennis, boxing and auto racing – which includes NASCAR due to their growing popularity. Two primary methods of betting on non-team sports is “Betting to Win” an event , and “Matchup Betting” which pits an individual against another individual or a group of people.
Betting to Win Prior to every major event in non-team sports , such as tennis, golf and auto racing, the futures are decided by oddsmakers. They aren’t fixed and are adjusted by sportsbooks several times leading up to the event. Sometimes, they are announced months ahead of the event. The same holds true for sports that are major teams like NFL or college football NBA as well as college basketball, and MLB baseball.
The major benefit of the futures market is that it allows you to enjoy attractive odds when you bet far in advance of when the event takes place. For instance betting in the 2006 Masters golf tournament right now could get you much better value in terms of Tiger Woods, who may be 10/1 at this moment but dip to 6/1 closer to the time of the event in case he’s on a great run.
A good example of teams is NFL futures, where you typically get better odds on a team by betting before the season starts. An NFL future bet that bets on a team to win the Super Bowl might be 20/1 during the preseason, but in midseason, their odds might decrease to 10/1 if they turn out to be legitimate contenders for the championship.
“Betting to Win” an outcome event like The Masters is the most popular method of betting on athletes competing for a particular non-team title. In contrast to team sports like football, other sports offer multiple events throughout the course of a year thus “Betting to win” obviously happens much more frequently than a one-time a year NFL futures bet on The Super Bowl winner does.
It is very important to remember that not every competitor in an event may be included, and a better betting option is the “field” which includes all competitors that are not mentioned. The odds on a “field” bet are generally similar to those of a bet on the favorite to prevent sportsbooks from taking huge losses if an upset happens. In exchange for a smaller payoff, field bettors enjoy the benefits of having more than one entry that can win for them.
Matchup Betting For non-team sports , such as boxing, golf or NASCAR, “Matchup Betting” provides a different option to betting on the event’s winner. “Matchup Betting” usually involves one competing against another in a head to head contest, such as tennis matches and the odds are determined by using the “money line.
For instance, if Serena Williams confronted an unmatched opponent in the U.S. Open tennis tournament A fair amount of money would need Serena betting on bettors to bet $400 to win $100 while placing a bet of $100 on her opponent would earn $360.
Below is the way that the “money line” will be listed: Serena Williams -400 / #102 Ranked Opponent +360.
Every $400 bet on Serena earns you a profit of $100 in the event that she wins (plus the amount of $400 gambled). If her opponent is able to pull off the upset, $100 bet on the underdog would profit $360 (plus the amount of $100 gambled). For more details on how this is done take a look our How to Read the Money Line.
Additionally, a tennis game is a type of tournament head-to-head contest since the players compete directly against one another in the competition. An artificial head-to-head matchup involves participants in an event like golf tournaments or an auto race that are competing against each other since in reality they are competing against everyone else in the field, not just one particular competitor. These matchups made up of artificial information are fake since bookmakers created them , and only for betting purposes – and different books typically offer different matchups.
Group matchups are a different way “matchup betting” is used which is very popular in golf and auto racing events such as NASCAR, where you can decide if a leader or a handful of lesser participants will have a better chance of winning the entire group, with odds based on the money lines. Because golf and NASCAR both have pre-qualifying, many do not make it to the last day of competition, and the group matchups must require all individuals to qualify in order to participate.
Proposition bets for sports that are not team-based aren’t limited in “Betting to Win” an event and “Matchup Betting” but those are the primary ways to bet on these props. Other props that are suitable for non-team sports include what racing team will be the top finisher in a specific NASCAR race (Chevy, Ford or Dodge) or how long will the battle against Mike Tyson and Kevin McBride last (Over/Under 8.5 rounds). Props, also known as exotic wagers, are also extremely popular in high-profile sports events like that of Super Bowl in Las Vegas . In addition, the Imperial Palace Casino’s sportsbook is popular for the huge variety of prop bets available. For example, you can place bets on:
Which team will be the winner of the toss of the coins? Who will score the game’s first touchdown? What is the exact percentage of victory? As you can see, there’s much more to betting than just totals and sides, especially when it comes to gambling on sports that aren’t team-based. Therefore, be aware of the betting options available to you and don’t skip the excitement that sports without teams can bring with prop betting!