Tackling Teasers and Pleasers: Understanding Exotic Sports Bets

Everyone knows that sports betting is a money-maker. But did you know you can profit more from your wagers by investing in exotic sports bets? These gems allow you to get even better odds from reputable online bookmakers and make more bank. We look at how they work and the basics you should have in place to thrive in these spaces:

Getting the Most of Parlays

Betting on one event and winning is often great. But to make good money from such a wager, you must have substantial money on the line. For example, if team A has odds of 2.20 and you place $10 on it, you get $22. That’s a profit. But if you want a bigger one, you need to increase the capital, e.g., $100, to get $220. You get the gist. Such wagers are risky where the capital investments are high, and the profits are not very alluring. 

So, how do parlays work? Instead of wagering on just one event per ticket, you select several predictions in one ticket. For example, you can have five events riding on one ticket with odds of 2.20, 1.20, 2.40, 1.80, and 1.30. Even with a $10 wager, this ticket would result in $148.26 in winnings! And if you had $100 on the line, you would make $1,482.62! That’s how impressive the winnings can be!

But how do you get your parlays right? To get the total predicted amount, all your wagers must be correct, which begs the following:

• You must research all the teams and narrow down to events with the highest winning chances,
• You should avoid having too many events on one ticket, as one wrong prediction tanks the others, and
• You should not wager too much capital on the tickets, as small amounts still result in big winnings.

And that’s all you need to know about parlays!

Teasing Your Way to Better Earnings

How good are you at predicting spreads? If you get the hang of things, you could multiply your earnings. Here is how teasers work - you predict the point spread between two teams, accounting for positive and negative directions. Teasers come in many forms, including 6-point, 3-game, etc. So, you choose one and hope the teams will cover the point spread. If they do, you win!

But how can you excel in a field where things are mainly out of your control? We have some tips:

• Only wager on teams you have studied. Do not put money on the line if you are yet to assess the teams, including their past and present statistics, injuries, etc. The more you know, the easier it is to make a prudent bet.
• Get the teaser right. As we have said, teasers come in many forms. If you understand the bet type and its odds, you can make informed decisions and avoid wagers with low payouts.

Of course, starting slow is always advisable. While teasers pay out a lot, they are risky, and you should take your time before investing too much money.

Propping Your Chances

Average wagers are fun. But have you ever thought of trying some more exciting options? Feast your eyes on prop wagers. They include the following:

1. The basics: You can bet on things in a single game, like catches. For example, how many catches will player A have during the game? Or what will the coin toss be?
2. The intermediates: These wagers cover extended periods, e.g., how many goals will player X score during the 2023-2024 season?
3. The advanced props: These options vary from how many passes a game will have to which player will get substituted mid-game. Their creativity makes them exciting as almost anything goes!

Given the complexity of these wagers, they often pay out more money than usual bets. But, of course, they are riskier and require adequate knowledge of the game. It’s best to start small as you approach more complicated challenges.