Since 2009, parlay cards have served as the only type of wager available for Delawareans. While, this was still more than most states could offer, such is the difficulty in calling a parlay right, rarely do bettors yield winnings of any note. Thankfully, this is now a thing of the past.
You’ll be glad to know that all types of wagers are now available in DE, bringing greater variety and, most importantly, a greater chance of winning.
If you’re new to betting or even an avid punter, it’s useful to familiarize yourself with the various forms of wagers you can now make in your state – some you may not have come across before.
There’s often little difference in the types of bet found in a sportsbook, be it physical or online. Thus, expect to eventually find the same options available online, as you’re likely to come across in the land-based casinos currently.
Most popular types of sports wagers in DE:
A straight bet is an individual wager on a game or event determined by a point spread, moneyline or totals bet. Given the potential to win and its simple nature, this is by far the most popular way to bet.
- Point spread
Here, you’re calling the margin of points in which the favoured team must win by. If the team you back fails to cover the spread set, your bet loses.
No need to call the margin of victory, just simply who is going to win. The odds offered represent the team’s perceived chance of winning the match based on form, strength of team, home advantage etc. The favourite is assigned a minus value, the underdog a positive value. Naturally, if you decide to back the team deemed favourites, you will need to stake more money on them to yield a sizeable return. Since they are expected to win, odds will be lower and represent less value, making a larger stake necessary to make more than just a few bucks.
An alternative to calling the victor or winning margin, betting on the total amount of points or goals is also considered a popular straight bet. The lines set by the sportsbook are based on form, stats, player availability, pretty much any factor which may influence the total amount of points accumulated or goals scored. The bet comes with two options: Over the line or Under the line.
Your bet will comprise of an occurrence or non-occurrence happening within the chosen game or event. For instance, which team will score the first touchdown? This type of bet comes to prominence around big events such as the Superbowl.
As the name suggests, this is not a bet that will be determined straight away. Typically, a bet is placed prior to a competition starting with the wager decided on conclusion of that event. You may want to wager on which team or teams makes it through to the Playoffs of the Stanley Cup, or where the NY Knicks will finish in the Eastern Conference, for example.
If you’re not familiar with a parlay, are you really a true Delawarean? All jokes aside, there’s the potential for a large return to be made from small relatively small bet. However, the chances of winning are relatively small compared to other forms of wagering.
To play, you choose between two and ten teams to parlay, with all selections needing to come true for the bet to win. The difficulty lies in having to rely on too many teams for a bet to get over the line. So even if you choose nine correct selections of a ten-team parlay and one team fails, the bet is a losing one.
Often called a “two-team teaser”, this type of bet featured as part of the parlay system so you may have heard of it or even played it before. A player may adjust the point spreads of two games in his/her favour in exchange for a lower return in the event of the bet winning.