With more states introducing sports betting to their residents, the sportsbook market is exploding. There are dozens of options to choose from, and each offers different sign-up bonuses to entice players. Sign-up bonuses are designed to encourage players to visit a sportsbook’s website or download its mobile app. The goal is to help new players become familiar with the site and its offerings.
Moneyline bets
Moneyline bets are an excellent way to place a bet on a team or game. They have a low house edge and are often worth placing, but it is important to read the rules and understand the odds before making a decision. You can also place a parlay bet, which combines several individual wagers into a single bet. This type of bet is more complicated than straight bets, but can be incredibly profitable when used correctly.
The key to winning a moneyline bet is to understand the odds for both teams. The moneyline odds give you the favorite and underdog team’s odds against each other. These odds can affect the prices of the bets, as well as the commission charged by sportsbooks. It is also important to understand the sports betting laws in your jurisdiction.
Parlay bets
Parlay bets at sportsbooks combine several bets to make a larger bet. If one of the individual bets loses, the whole parlay is a loss. Otherwise, all the bets win. Parlay bets are not profitable over the long term, but they can be profitable over a short period of time.
Parlay bets are typically paid out at higher odds than a single game bet. However, these payouts are below “true” odds. For example, a common 2-team NFL parlay on the spread pays out at 2.6, while the true payout is 3:1. That means that the house makes a profit of approximately 20-30% on spread parlays, and around 4.5% on individual sports mix parlays.
Implied probability bets
Implied probability is a great tool for adjusting your bets at the sportsbook. For example, if you have a 60% chance that a team will win a game, you should adjust your bet accordingly. Using implied probability can help you recognize pricing errors and value opportunities.
Implied probability bets are also known as fractional odds and are most popular in the UK and at horse racing tracks in the United States. For example, suppose you want to bet on the Chargers to win a game. In this case, the futures odds for the game would show you that you will make $15 if you bet on the Chargers. Likewise, if you bet on the Bengals to win the game, you would make $12. The odds conversion calculator will also provide the implied probability.
Free bets
Free bets at sportsbooks are a great way to try out a new sportsbook before depositing your own money. These offers usually range from $5 to $10 and will allow you to try out the site before deciding to deposit any money. However, beware that free bets are often tied to terms and conditions, so it’s vital to check them before committing to any wagers.
Most free bet offers have an expiration date. However, some don’t. Generally, free bets expire seven days after the issue date, and they may be subject to playthrough requirements before cashing out any winnings.
Enhanced odds
Enhanced odds are special prices that bookmakers offer to players in order to attract new customers. These odds can be found on a variety of fixtures, including basketball games, NHL matches, and some tennis events. These prices are limited to a maximum bet amount, so be sure to check the terms before placing your bet.
There are multiple sportsbook websites that offer enhanced odds. However, only a select few stand out as the best in terms of terms and generous odds. Some of the top sportsbooks that offer boosted odds include 888sport and 888bet. When you’re choosing a bookmaker, it’s worth checking the terms and conditions to see if your sportsbook’s boosted odds are applicable to you.