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Types of Bets in Sports


This holiday season, many people will be placing bets on various sports. Before you place any bets, you should be aware of the different types of bets in sports, and the risks involved. By gaining this insight, you can make an informed decision about whether or not to bet this holiday season.


Common Types of Thanksgiving Bets

Placing bets during the holidays is all too easy, since it can be done online, without even having to leave the house. Each sport has different types of bets or variations of popular types of bets to choose from. With Thanksgiving right around the corner, let’s focus on types of NFL bets, since football is the most popular sport to watch on Thanksgiving. This year’s NFL Thanksgiving lineup includes Buffalo Bills vs. Detroit Lions, New York Giants vs. Dallas Cowboys, and New England Patriots vs. Minnesota Vikings.

1. Moneyline Bets

A moneyline bet is a wager where the player bets on the outcome of the game (which team will win), not how many points will be scored. A moneyline bet consists of “the favorite” (the team that is more likely to win), and “the underdog” (less likely to win).

Typically, sportsbooks will offer higher payouts if bettors place a bet on the underdog team, and this team wins.

2. Point Spread Bets

Point spreads allow bettors to place bets on a specific team or player based on how many overall points they score, rather than the outcome of the game.

This means that in this case, the bettor could potentially win their bet even if their team loses.


This holiday season, many people will be placing bets on various sports. Before you place any bets, you should be aware of the different types of bets in sports, and the risks involved. By gaining this insight, you can make an informed decision about whether or not to bet this holiday season.


Common Types of Thanksgiving Bets

Placing bets during the holidays is all too easy, since it can be done online, without even having to leave the house. Each sport has different types of bets or variations of popular types of bets to choose from. With Thanksgiving right around the corner, let’s focus on types of NFL bets, since football is the most popular sport to watch on Thanksgiving. This year’s NFL Thanksgiving lineup includes Buffalo Bills vs. Detroit Lions, New York Giants vs. Dallas Cowboys, and New England Patriots vs. Minnesota Vikings.

1. Moneyline Bets

A moneyline bet is a wager where the player bets on the outcome of the game (which team will win), not how many points will be scored. A moneyline bet consists of “the favorite” (the team that is more likely to win), and “the underdog” (less likely to win).

Typically, sportsbooks will offer higher payouts if bettors place a bet on the underdog team, and this team wins.

2. Point Spread Bets

Point spreads allow bettors to place bets on a specific team or player based on how many overall points they score, rather than the outcome of the game.

This means that in this case, the bettor could potentially win their bet even if their team loses.


Why Spend the Holidays Bet-Free?

With so many deals and promotions for sports betting over the holidays, why wouldn’t you take part in the sports betting festivities?


Here are a few benefits of not betting during the holiday season.

1. Save Money

Although there is the potential to win money from sports betting, there is also a high likelihood of losing money. Once you start betting, it’s hard to stop and if you lose one bet, you may try to chase your losses by betting more and more.

It’s much more beneficial to save your money this Thanksgiving by refraining from sports betting so that you have money to spend on thoughtful gifts for your family this holiday season.


2. Be More Present

Spend uninterrupted time with your family, and put time into fostering relationships with your loved ones. You will have a more meaningful holiday experience if you aren’t consumed with watching sports and placing bets.


Why Spend the Holidays Bet-Free?

With so many deals and promotions for sports betting over the holidays, why wouldn’t you take part in the sports betting festivities?


Here are a few benefits of not betting during the holiday season.

1. Save Money

Although there is the potential to win money from sports betting, there is also a high likelihood of losing money. Once you start betting, it’s hard to stop and if you lose one bet, you may try to chase your losses by betting more and more.

It’s much more beneficial to save your money this Thanksgiving by refraining from sports betting so that you have money to spend on thoughtful gifts for your family this holiday season.


2. Be More Present

Spend uninterrupted time with your family, and put time into fostering relationships with your loved ones. You will have a more meaningful holiday experience if you aren’t consumed with watching sports and placing bets.

This holiday season, many people will be placing bets on various sports. Before you place any bets, you should be aware of the different types of bets in sports, and the risks involved. By gaining this insight, you can make an informed decision about whether or not to bet this holiday season.

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