As known from:
VA
  • About Captaingambling.com
  • Our US Squad
  • Our Review Process
  • Gamble Responsibly
  • Get In Touch
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
US Gambling Sites / The Best Betting Types For 2023

The Best Betting Types For 2023

Our Guide to the Best Bet Types

Josh Schwartz
Josh Schwartz
Last Updated on 22/01/2023
Fact checked by: Mark Lewis

Sports betting is massively popular across the world. You have access to dozens of different sports, with countless markets available for each of these options.

In this day and age, there are a staggering amount of different types of bets you can place. In addition to the traditional betting types like outright winner and handicap betting, you can place bets on individual players to score a touchdown or have a certain amount of catches. This guide walks you through some of the most popular betting types on the market today.

Read More
Sportsbook of the month
SI Sportsbook - Get your Free Bet now! Get your Free Bet now!

Compare the best betting sites for 2023

SI Sportsbook
Exclusive
Favicon
4.9/5
SI Sportsbook Promo
BET $20 GET $200 IN FREE BETS
SI Sportsbook Highlights
  • Over 60 years in the business
  • Wide range of sports betting markets
  • Compatible with mobile platforms
Accepts Players in:
Virginia
Virginia
Credit Card
PayNearMe
Bank Transfer
Play+
BET $20 GET $200 IN FREE BETS
SI Sportsbook Review
Copy
Visit Site
T&Cs apply, 21+
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
DraftKings Sport
Hot Offer
Favicon
4.8/5
DraftKings Sport Promo
20% up to $1000
DraftKings Sport Highlights
  • Massive sports bonus
  • Competitive betting odds
  • Good live betting platform
Accepts Players in:
Virginia
Virginia
Credit Card
Skrill
PayPal
Neteller
20% up to
$1000
DraftKings Sport Review
Go to DraftKings Sport
Visit Site
T&Cs apply, 21+
FanDuel Sport
Hot Offer
Favicon
4.7/5
FanDuel Sport Promo
Bet $5, Get $150 in Bonus Bets
FanDuel Sport Highlights
  • Coverage for 16+ sports
  • User-friendly site
  • Competitive odds
Accepts Players in:
Virginia
Virginia
Credit Card
Prepaid Card
PayNearMe
PayPal
Bet $5, Get $150 in Bonus Bets
FanDuel Sport Review
Go to FanDuel Sport
Visit Site
T&Cs apply, 21+
PointsBet
4.
Favicon
4.7/5
PointsBet Promo
PointsBet Highlights
  • Easy to use site
  • Simple live wagering system
  • Powerful variable payouts
  • 17 different betting options
Accepts Players in:
Virginia
Virginia
Credit Card
Visa
Mastercard
PointsBet Review
Visit Site
T&Cs apply, 21+
BetMGM Sportsbook
5.
Favicon
4.7/5
BetMGM Sportsbook Promo
100% up to $1000
BetMGM Sportsbook Highlights
  • Excellent range of sports markets
  • Plenty of betting options
  • Impressive odds
Accepts Players in:
Virginia
Virginia
Credit Card
PayNearMe
Skrill
PayPal
100% up to
$1000
BetMGM Sportsbook Review
Copy
Visit Site
T&Cs apply, 21+
BetRivers.com
6.
Favicon
4.6/5
BetRivers.com Promo
100% up to $500
BetRivers.com Highlights
  • High-quality live betting options
  • Range of sports available
  • Excellent usability
Accepts Players in:
Virginia
Virginia
Credit Card
PayNearMe
Bank Transfer
VIP Preferred
100% up to
$500
BetRivers.com Review
Copy
Visit Site
T&Cs apply, 21+
Unibet Sport
7.
Favicon
4.5/5
Unibet Sport Promo
100% up to $100
Unibet Sport Highlights
  • One of the Biggest Brands
  • Competitive Sports Odds
  • More Than 40,000 Live Streams
  • Loads of ongoing promotions to enjoy
Accepts Players in:
Virginia
Virginia
Credit Card
PayNearMe
Skrill
Neteller
100% up to
$100
Unibet Sport Review
Go to Unibet Sport
Visit Site
T&Cs apply, 21+
WynnBET
8.
Favicon
4.5/5
WynnBET Promo
Bet $100 Get $100
WynnBET Highlights
  • Very helpful risk-free bet bonus
  • Top odds on all major sports
  • Awesome boosted bets available
Accepts Players in:
Virginia
Virginia
Credit Card
Visa
Mastercard
Bet $100 Get $100
+ Bet $10 Get $10 Casino Bonus
WynnBET Review
Go to WynnBET
Visit Site
T&Cs apply, 21+
Bet365
9.
Favicon
3.8/5
Bet365 Promo
Bet $1, Get $200
Bet365 Highlights
  • Extensive Selection of Markets
  • Highly Competitive Odds
  • High-Standard Mobile App
  • Wide Range of Live Betting Options
Accepts Players in:
Virginia
Virginia
Bet $1, Get $200
Bet365 Review
Go to Bet365
Visit Site
T&Cs apply, 21+
Barstool
10.
Favicon
Barstool Promo
up to $10 No Deposit
Barstool Highlights
  • Awesome risk-free bet bonus
  • Top prematch and live odds
  • Cool Quick Pick 6 feature
Accepts Players in:
Virginia
Virginia
Credit Card
PayNearMe
PayPal
Play+
up to
$10 No Deposit
Barstool Review
-
Bally Bet
11.
Favicon
Bally Bet Promo
100% up to $150
Bally Bet Highlights
  • Impressive new customer bonus
  • Clean and efficient website interface
  • Lucrative loyalty and VIP program
Accepts Players in:
Virginia
Virginia
Credit Card
Play+
BankWire
Cash at Casino Cage
100% up to
$150
Bally Bet Review
-
Sportsbook of the month

The 10 Most Famous Betting Types

While there are dozens of different betting types available to you depending on the given event, some are more popular than others. Here are 10 of the most popular betting types in this day and age

1. Each Way Bet: Cover your bases by betting on your selection to place as well as win

There are two parts to an each way bet. There is a Win bet and a Place bet. These bets are of an equal amount and are for the same selection. This type of bet was first made popular in horse racing. The win portion of the bet naturally is based on the horse winning race.

The Place portion of the bet is successful if the horse finishes inside the place positions. The number of place finishes offered depends on the race, with usually 4 or 5 places being paid out by the operator. When placing a $10 each way bet, your stake will be $20 in total. It is a $10 bet on the horse winning and a $10 bet on the horse placing. Most sports allow each way betting in certain markets. For example, if you are betting on who will score the most touchdowns in the NFL season, you can place an each way bet and you will still get a return if the player is in the top three of the rankings come the year end.

The best bookmaker for each-way bets - Unibet!

Sports Promo
4.5/5
Unibet Sport
Sports Promo
4.5/5
100% up to $100
Risk-Free Bet
|
T&Cs apply, 21+
Go to Unibet Sport
Claim Promo

2. Accumulator Bet: Win big with small stakes

The accumulator bet sees you combine five or more selections into a single bet. For this bet to be successful, you need every selection to win. While the odds are lower than most types of bets, the rewards are potentially massive. There are constantly stories about players winnings hundreds of thousands of dollars from an accumulator when their initial stake was only a few dollars. The types of events you can have as part of the accumulator depends on the specific operator. Certain operators for example might not allow you to mix selections together from different sports.

The best bookmaker for accumulator bets - BetMGM!

3. Goalscorer Bet: Bet on specific players to score

The goalscorer bet can come in a few different forms. Effectively, you are going to be betting on a certain player scoring in a given game. There is a First Goalscorer market whereby you are betting on a given player to score the first goal in the game. You also have an anytime and Last Goalscorer market, which are self-explanatory. Usually, you will get good odds for first goalscorer bets, with anytime goalscorer odds being more conservative.

The best bookmaker for goalscorer bets - Betway!

4. Handicap Betting: Get better odds when betting on strong favorites

Handicap betting is a popular bet type in most sports. It gives one of the sides a handicap that they need to beat in order for you to win your bet. This is usually a popular bet option when there is a strong favorite in a given game. Therefore, for a football game if the clear favorite that has short odds can be given a handicap of a goal or two and then you can have a bet at longer odds. There are different types of handicap betting including split handicap, single handicap, level handicap and Asian handicap.

The best bookmaker for handicap betting - Bet365!

Sports Promo
3.8/5
Bet365
Sports Promo
3.8/5
Bet $1, Get $200
Free Bet
|
T&Cs apply, 21+
Go to Bet365
Claim Promo

5. Spread Betting: Make more when your selection wins by more

Spread betting in sports will see a bettor place a bet on whether a certain outcome in a sports game will be greater or fewer than the outlined spread. The amount of profit or loss that you make depends on the extent of the result. For example, if you are betting on an NFL game and your team beats the spread, you will make a profit that is determined by how many points they win by. The more points they win by, the more profit you make. The opposite is also the case if the bet goes against you. Therefore, you are liable to lose more money than you initially staked with sports spread betting. This is a game type that can be dangerous for players if they are not careful.

The best bookmaker for spread betting - Betfred!

6. Live Bet: Place bets in the middle of the live sporting event

Live betting is becoming more popular as the years go by. The advent of smartphones made this possible, as people can place bets instantly from their mobile devices no matter where they may be. People can react to what is happening in a game and place a bet accordingly. For example, they may place a bet on a given team to score the next touchdown. This is a great way to make a game more exciting when you are watching it.

The best bookmaker for live bets - Tipico!

7. Lay Betting: Bet against an outcome from happening

Lay Betting is a form of betting where you bet against something happening. For example, if you don’t think that the New England Patriots are going to win their game, you will make a lay bet against them. You are betting on them either losing or drawing. Most regular sportsbooks don’t offer this lay option, but it is popular on sports betting exchanges.

The best bookmaker for lay betting - MaximBet!

8. Double Chance Bet: Eliminate the potential of a draw ruining your bet

This type of bet gives you the ability to make sure you cover two of the three outcomes in a given game. You can bet on a team to win the game or to draw the game. The double chance bet is effectively the opposite of a lay bet.

The best bookmaker for double chance bets - Sugarhouse!

9. Draw No Bet: Provides insurance in the case of a draw

The draw no bet will see your stake being refunded if the event you are betting on ends in a draw. You will be backing one of the participants in the fixture to win the game. You will therefore only lose money with this type of bet if the opposition wins the game.

The best bookmaker for draw no bets - FanDuel!

Sports Promo
4.7/5
FanDuel Sport
Sports Promo
4.7/5
Bet $5, Get $150 in Bonus Bets
Welcome Bonus
|
T&Cs apply, 21+
Go to FanDuel Sport
Claim Promo

10. Yankee Bet: Combine numerous multiple bets into one

A yankee bet is made up of four selections and comes together to make 11 separate bets. This includes 6 double bets, 4 trebles, as well as a single fourfold accumulator. A $1 Yankee is going to cost you $11. This is a popular way to combine numerous selections into one with having some form of insurance in case one or two of these selections are not successful.

The best bookmaker for Yankee bets - DraftKings!

Our Top 5 Sports Betting Sites

There are countless sportsbooks on the market today. Therefore, it can sometimes be a difficult task trying to narrow down those operators which suit your specific needs the best. Thankfully, we’ve done the hard work for you and reviewed each popular sportsbook and given them appropriate ratings.

As you can see, there are many different markets for sports betting. You will be able to keep matters fresh and interesting, as well as discovering certain niches where you seem to make the most profit. Getting started exploring these markets is very exciting and we have already reviewed the best sports betting sites for you. Therefore, you should get started trying out these markets today and see where they can take you.

Our favorite betting sites for 2023

Stake.us
1.
5.0/5
Rating
Bitcoin
5% Rakeback
Stake.us Social Casino Promo
5% Rakeback
Stake.us Review
Copy
Visit Site
T&Cs apply, 21+
Highlights
  • Weekly reload bonuses
  • Redeem for Crypto
  • Earn Stake Cash for logging in!
BetRivers.net
2.
4.9/5
Rating
Credit Card
Daily Rewards up to 10k VC$
BetRivers.net Social Casino Promo
Daily Rewards up to 10k VC$
BetRivers.net Review
Go to BetRivers.net
Visit Site
T&Cs apply, 21+
Highlights
  • 200,000 Free for New Customers
  • Extensive Slots Available
  • Great-Quality Tables Games
Wow Vegas
3.
4.8/5
Rating
Skrill
30 SCs on 1st Purchase + 4.5 SCs FREE
+ 30 Sweepstake Coins
Wow Vegas Social Casino Promo
30 SCs on 1st Purchase + 4.5 SCs FREE
Wow Vegas Review
Go to Wow Vegas
Visit Site
T&Cs apply, 21+
Highlights
  • Top table games
  • Fun Megaways slots
  • Acclaimed game developers
Golden Hearts Games
4.
4.8/5
Rating
Google Pay
Join GOLDEN2000 for 2,000 FREE coins
Golden Hearts Games Social Casino Promo
Join GOLDEN2000 for 2,000 FREE coins
Golden Hearts Games Review
Copy
Visit Site
T&Cs apply, 21+
Highlights
  • 100% match bonus in coins on your first donation
  • Use this on slots or bingo
  • VIP subscription allows you to get more coins
Pulsz.com
5.
4.7/5
Rating
Credit Card
30 Free Sweepstakes Coins
Pulsz.com Social Casino Promo
30 Free Sweepstakes Coins
Pulsz.com Review
Go to Pulsz.com
Visit Site
T&Cs apply, 21+
Highlights
  • Lots of promos
  • Great game variety
  • Casino-style slots

Betting Types FAQs

What type of bet allows you to win big form a small stake?

Accumulators are very popular among players because you only need to stake a very minimal amount and obtain massive odds. The more selections you add to an accumulator, the greater the odds are going to be. You can stake as little as a dollar and be in with a chance of winnings thousands of dollars if your accumulator is a success.

What are the riskiest type of bets?

Sports spread betting is the riskiest type because you can lose more than you initially staked. This is because for spread betting, the amount you win or lose depends on the margin of the result.

What are the most exciting types of bets?

If you are watching a game and want to make it more exciting, then placing a live bet on one of the available markets is a great way to achieve this. You can bet on the likes of the next goalscorer, the correct final score and much more.

What are good bets to hedge your bets?

There are a few markets that allow you to minimize the potential downside of your bet. A Draw No Bet option gives you your stake back if the game ends in a draw. A Double Chance bet allows you to cover two of the three potential outcomes of a game.

What is the best way to bet on strong favorites?

Handicap betting will be your port of call if you wish to bet on a strong favorite. This will give the favorite a penalty before the game begins that they need to overcome in order for you to win your bet. This will give you much better odds than if you were backing them outright.

Sportsbook of the month
SI Sportsbook - Get your Free Bet now! Get your Free Bet now!
Top Betting Sites
Top Betting Promos
SI Sportsbook
SI Sportsbook
SI Sportsbook Review
4.9/5
DraftKings Sport
DraftKings Sport
DraftKings Sport Review
4.8/5
FanDuel Sport
FanDuel Sport
FanDuel Sport Review
4.7/5
PointsBet
PointsBet
PointsBet Review
4.7/5
BetMGM Sportsbook
BetMGM Sportsbook
BetMGM Sportsbook Review
4.7/5
BetRivers.com
BetRivers.com
BetRivers.com Review
4.6/5
Unibet Sport
Unibet Sport
Unibet Sport Review
4.5/5
WynnBET
WynnBET
WynnBET Review
4.5/5
Bet365
Bet365
Bet365 Review
3.8/5
Barstool
Barstool Review
4.5/5
SI Sportsbook
SI Sportsbook Promo
BET $20 GET $200 IN FREE BETS
T&Cs apply
4.9/5
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
DraftKings Sport
DraftKings Sport Promo
20% up to $1000
T&Cs apply
4.8/5
FanDuel Sport
FanDuel Sport Promo
Bet $5, Get $150 in Bonus Bets
T&Cs apply
4.7/5
BetMGM Sportsbook
BetMGM Sportsbook Promo
100% up to $1000
T&Cs apply
4.7/5
BetRivers.com
BetRivers.com Promo
100% up to $500
T&Cs apply
4.6/5
Unibet Sport
Unibet Sport Promo
100% up to $100
T&Cs apply
4.5/5
WynnBET
WynnBET Promo
Bet $100 Get $100
T&Cs apply
4.5/5
Bet365
Bet365 Promo
Bet $1, Get $200
T&Cs apply
3.8/5
Barstool Promo
up to $10 No Deposit
T&Cs apply
4.5/5
Bally Bet Promo
100% up to $150
T&Cs apply
4.5/5
Top Online Casinos
Top Casinos Bonuses
Stake.us
Stake.us
Stake.us Review
5.0/5
BetRivers.net
BetRivers.net
BetRivers.net Review
4.9/5
Wow Vegas
Wow Vegas
Wow Vegas Review
4.8/5
Golden Hearts Games
Golden Hearts Games
Golden Hearts Games Review
4.8/5
Pulsz.com
Pulsz.com
Pulsz.com Review
4.7/5
Stake.us
Stake.us Promo
5% Rakeback
T&Cs apply
5.0/5
BetRivers.net
BetRivers.net Promo
Daily Rewards up to 10k VC$
T&Cs apply
4.9/5
Wow Vegas
Wow Vegas Promo
30 SCs on 1st Purchase + 4.5 SCs FREE
T&Cs apply
4.8/5
Golden Hearts Games
Golden Hearts Games Promo
Join GOLDEN2000 for 2,000 FREE coins
T&Cs apply
4.8/5
Pulsz.com
Pulsz.com Promo
30 Free Sweepstakes Coins
T&Cs apply
4.7/5
Our Team
Mark LewisJosh SchwartzDrew the DFS Guy
Mark Lewis
Mark Lewis
Editor
Josh Schwartz
Josh Schwartz
Editor
Drew the DFS Guy
Drew the DFS Guy
DFS Expert
Latest Social Casino News
Bonus Buy Megaways Slots
Looking for bonus buy Megaways slots? Then check ...
Dog House Megaways Bonus Buy Casinos
Welcome to our guide to the Dog House ...
Chaos Crew Bonus Buy Casinos
You can’t help but love Chaos Crew and ...
Wanted Dead or a Wild Bonus Buy Casinos
We’ve found an amazing Wanted Dead or a ...
Gates of Olympus Bonus Buy Casinos
Welcome to our guide to the Gates of ...
Madame Destiny Bonus Buy Casinos
Madame Destiny is an amazing slot game from ...
Sweet Bonanza Bonus Buy Casinos
Want to know what the Sweet Bonanza bonus ...
Bonus Buy Slots
Welcome to our guide to getting the best ...
$1 Paypal Casino
Welcome to our guide to finding a $1 ...
Sites like Stake US
Want to know if there are any other ...
Games like Stake US
Looking for more games like Stake US? Aren’t ...
Stake US Alternative
Welcome to our guide that helps you find ...
Games like Global Poker
Global Poker is a great online gaming site, ...
Sites Like Global Poker
Global Poker is an undeniably great social casino ...
Games like Gambino Slots
Do you like Gambino Slots? Then you’ll love ...
Funzpoints Alternative
Looking for a Funzpoints alternative gaming site? Don’t ...
Slotomania Similar Games
Slotomania is such a fun social casino that ...
Games Like Skillz
We loved the games at Skillz so much ...
Sites Like Skillz
Love Skillz and want to play at more ...
Sites Like Funrize
Like Funrize but want to know what else ...
Get the latest updates in Sports and Casino via our Newsletter

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

sdfgfdgcsdfgfdgcwww
Move to Top
Close
Stake.us Exclusive Bonus
5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 21+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Weekly reload bonuses
  • Redeem for Crypto
  • Earn Stake Cash for logging in!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site