Straight Bet
What is straight bet?
A straight bet is the simplest type of pick a punter can make. A straight bet, also known as a straight pick, is where you pick one outcome, and one outcome only.
How straight bet work?
When it comes to sport wagering or betting, straight bets are the most common type of bets. Also known as “pick a team” or simply side bets, they involve choosing to bet on a contestant, team or the outcome of a game. In general, competitions or games are identified by a team or contestant that is favored over the rest. Normally, the favored team or contestant is referred to as the “favorite” to win the game and is identified with a negative sign (–). The team or contestant that is less likely to be victorious is known as the “underdog”, and is identified by a plus sign (+). The standard straight bet offers a bettor the option of picking the favorite or the underdog in a contest or game while risking -110 odds. This simply means, you risk $110 to win $100 or $11 to win $10. Nevertheless, it does not necessarily have to be those exact figures.
As aforementioned, the standard straight bet offers bettors an option of picking the underdog or the favorite in the game and risking -110 odds, which means you risk $110 to win $100. You do not have to stick to those exact figures. You can scale that number up or down as you wish. For instance, you can risk $22 to win $20 if you are a recreational bettor or $222 to win $200 if you have made betting your occupation.
Now, it is important to note that some online bookmakers offer reduced vig betting, which means the cost of betting is reduced by a certain amount depending on the odds the bookmaker is offering. Straight bets are an excellent choice especially if you plan to be in sports betting for a long time. They are low in vigorish and enable you to be a single game.
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