4/7/2022

How Many Types Of Online Gambling Are There

Understanding the Different Types of Sports Bets and How to Use Them

How Many Types Of Online Gambling Are There

How Many Types Of Online Casino Games Are There? 0 Comments Online casino, Online gambling, Slot machine, Table games, Video poker The world of online casinos is so versatile that you’ll never run out of games to play. Types of Online Gambling. Surely, when talking about online gambling, it’s important to make a distinction between certain types. For starters, we could broadly divide the entire world of online gambling into three major categories: online casino games, sports betting and instant win games. However, all these categories have subcategories of. There really aren’t that many, and most of them aren’t that complex. We’ve provided all the information and resources you need in the sections above. You just need to take the time and put in the effort to advance your sports betting career.

One of the first revelations anyone new to sports betting has is that you can bet on a lot more than the winner of a game. This typically engages a rush of excitement quickly followed by an even bigger rush of confusion. New bettors are excited at how expansive their new landscape is, but then quickly realize that they have no idea what they are doing. This usually results in new bettors running from the book with their tails between their legs because they’re lost and not sure how to proceed.

Thankfully, we’re here to help untuck your tail, clear up the confusion, and send you back to the sportsbook radiating with confidence. Whether you’re brand new to betting or just someone looking for a refresher course, you’re in good hands. We’re going to take the time to walk you through every type of sports bet that is available to you. We’ll tell you how the bets work, tips and strategies you need to know for each, and how you can utilize them in your sports betting strategy.

We’ll then walk you through some additional need-to-know tips and strategies to help you utilize this new information properly. Ideally, when you get done with this guide, you’ll have full command of the different types of sports bets at your disposal. You’ll know how they work, the advantages and disadvantages of each, and most importantly when and how to use each type.

If you’re ready to get started, grab a pen and paper, buckle up, and let’s get to learning!

Types of Sports Bets

When most people first get started in sports betting, they usually think it’s only about picking the winner of a game. Most of them don’t realize that that is only a small portion of the betting options you have. Nowadays, thanks to the growth of the industry, you can bet on pretty much any aspect of a game or sport that is measurable. This betting flexibility is not only awesome from an entertainment standpoint, but it provides a lot of great opportunities for you to make more money with all of your predictions.

To help get you started, we’ve compiled a list below of all of the types of sports bets that you need to know. Take the time to read through each of these guides and make sure you fully understand each bet type that is available to you. Whether you choose to use all of these or not, it’s important to know what exists in case you run into some knowledge that can make you some money with a bet type you don’t normally make.

Types of Bets


Betting Flexibility – Why Different Bets Are Important

We mentioned the term “betting flexibility” once already, but we really haven’t gotten into what it means and how it affects your sports betting strategy. In the old days, your only option was betting on the winner of the game. This meant that if you had knowledge or a prediction that did not directly affect who the game winner would be, it was worthless.

If you had a prediction that a certain player was going to do well but you weren’t sure how it would affect the final score, it was worthless. If you knew the game was going to be super high-scoring but had no idea who the eventual winner would be, it was worthless. Sports betting in the old days lacked flexibility. It was a rigid system where picking winners was your only option.

This all changed, though, as technology and the internet helped the sports betting industry to grow and evolve. You now have the ability to bet on pretty much anything that can be measured during a game, match, fight, or season. While this obviously adds a new layer of fun and excitement to betting, it also adds new money-making opportunities.

For example

Let’s say that you believe that a game is going to be exceptionally high-scoring, but you have no idea who is going to win the game. In the past, that information did you no good. Today, though, you could bet the over on a game and cash in on your prediction. What about if you think that a certain player is going to have a big game, but you don’t know if the team will win? Again, in the old days, this was worthless. Today, though, you could place a prop bet on that certain player to have a big game.

If it’s football, that might be on how many touchdowns, catches, yards, or completions they have.

If it’s basketball, it might be how many points they have. These prop bets exist now in almost every sport that wagering is offered on.

This flexibility not only ups the fun factor for recreational bettors but increases the avenues you can take as a serious sports bettor to make more money with your knowledge and predictions.

Complexity Does Not Equal Profitability

One of the worst things that you can do is start making new bets just because you feel like you have to. Here’s something you have to know: the complexity of the bet type has nothing to do with the likelihood that you’re going to win the bet. In fact, the more complex the bet is, the less likely someone is to win it based on the fact that more people aren’t going to understand what they are betting. Regarding the odds, though, it will not be different.

You do not receive super-secret special odds when you make a more complex sports bet. You can be a successful professional sports bettor and never touch anything but a simple moneyline bet or a spread bet. In fact, a large chunk of professional gamblers do just this. Instead of focusing on using complex bet types, they focus on making great picks with the simplest of bet types. The money from those simple bets is just as real as the money you get from an overcomplicated sports bet.

The point we are trying to make is that you don’t have to use all the different bet types just because they are available. If you have an instance where you need to use them, go for it. Or, if you just happen to need them constantly for your particular betting strategy, that’s okay, too. As long as you aren’t forcing different bet types just to mix things up or because you think it does something special for you.

You see, a lot of sports bettors get wrapped up in the “looking and sounding cool” side of sports betting. They think that walking the walk and more importantly talking the talk will somehow make them more likely to win. They seem to get a rise from spouting off the complex and tricky bets that they’ve decided to make. They discuss crazy parlay bets and wild props strung together in a way that confuses anyone listening. Confusing their audience makes them feel like they are smarter and a cut above everyone else.

The problem, though, is that only makes you look cool for so long. Eventually, if you’re not winning, you’re going to have to confess that you don’t have any idea what you’re doing. People who truly understand sports betting are not impressed by the people that can talk the talk, but more by those who can show winning results. If all you make are moneyline bets and you are crushing, you’re going to be a superstar in our book.

Note

In reality, it doesn’t matter what anyone else thinks of you. All that matters is that you’re making smart bets and winning.

Make Sure You Fully Understand Things Before You Bet

For those of you that do choose to utilize this betting flexibility, it is imperative that you fully understand the different bets that you are making. The worst thing that you can do is make a bet that you aren’t completely sure how it works. Additionally, you need to check with the betting sites you are wagering with to make sure they don’t have any special rules that you aren’t aware of. This is usually more for the prop bets, parlays, teasers, and pleasers. 99.9% of sportsbooks in the world are going to treat moneyline bets, spread bets, and totals bets the exact same. The other bets will usually be treated the same, but we have seen some instances where things were different specifically when it came to how they treated ties.

Just as we advise you never to bet on a team that you aren’t an expert on, you shouldn’t be placing bet types that you don’t fully understand. This is like a surgeon doing surgery with tools that they don’t know how to use. It’s dangerous, and it’s going to cause problems. Luckily, you won’t kill anyone by incorrectly using bet types, but you will most likely put your bankroll on life support.

It doesn’t take you long to get acclimated to the different types of sports bets available to you. There really aren’t that many, and most of them aren’t that complex. We’ve provided all the information and resources you need in the sections above. You just need to take the time and put in the effort to advance your sports betting career. A good foundation of knowledge is the key to being successful in the industry.

How to Choose the Right Bet Type: Predictions Before Bets

The age-old question of which came first, the chicken or the egg, has plagued intellectual thinkers for years. The not-so-old question of which comes first, the bet or the prediction, is one that shouldn’t be plaguing anyone after you get done reading this section. You see, many sports bettors plan their bets out starting with the bet type. They’ll usually say something to the effect of, “All right. I’m probably going to bet the spread on this next game… Not sure which side I’m going to take yet… Need to do some research first.”

The problem with this is that it can lead you to make the wrong type of bet and you can miss out on some other bet types that might be profitable. Your better course of action is to predict everything you can about the game, including the score, the chance of winning, how the game flow will go, and which players will excel. Once you have all of this information, then you should be looking at what types of sports bets you should be making. You may find that the original type of bet you wanted to make is not optimal for the predictions you have.

The Wrap-Up

By now, you should feel much more confident about stepping into (or logging into) a sportsbook to place some bets. Remember, betting flexibility can help your bottom line immensely as long as you utilize it properly. If you’re content keeping it simple and sticking to one or two bet types that you like, awesome. If you’re someone who likes to mix things up and has a lot of predictions that require that flexibility, awesome.

The takeaway is that we want you to choose the bet types that work best for you. Find the strategy that gives you the biggest edge and the best chance to turn a consistent profit. Remember, you can always bookmark this page if you want in case you want to get into some other types of sports bets down the road. Whatever you do, make sure that you fully understand the bets you are making and what you need to accomplish for those bets to pay off. There is nothing worse than making a bet with great information and losing because you accidentally made the wrong type of bet.

If there’s one thing you can say about casinos, it’s this: you’ll never run out of stuff to do. There’s no shortage of games to play. And new games are coming out all the time.

This is great if you play online, because with just a few clicks of your mouse, you could be playing a different, unique, or brand new game – one of hundreds (if not thousands) available at any ONE casino.

How Many Types Of Online Gambling Are There Us

How Many Types Of Online Gambling Are There

The question we have for you now is this: do you know all the casino games that are available to you? All the variations you can play? If not, then start with this brief guide. We’ll fill you in on all the types of casino games you can find and play online and at land-based venues.

Overview of Casino Game Types

Let’s start with an overview of the games you’ll usually find at a casino.

But before we list the games, we want to quickly explain how an online casino might list them on their website. That way, you know exactly where to find the games you’re most interested in if playing online.

Each casino will list their games differently. Here’s an example.

  • Slots – This includes all variations, like 3D or progressives.
  • Table Games – This includes all card games, like blackjack, baccarat, and pai gow poker. It also sometimes includes dice games like craps, as well as roulette.
  • Video Poker – This includes all poker games played on a machine similar to slots.
  • Specialty Games – This includes anything that doesn’t fit in the categories above, such as keno, scratch tickets, lottery games, and bingo. It may also include roulette or craps.

Some casinos also have an arcade or games section. Others list bingo or scratch card games separately. Some might have their own, unique categories.

Generally speaking, though, what we’ve listed here broadly covers all the main types of casino games.

Many popular casino games come in several variations. These variations sometimes come with just minor differences, while others have more significant differences.

Let’s take a look at some of the main variations of the most popular casino games. Many of these are available at both online casinos and land-based venues, while some are only available at one or the other.

Slots

  • 3, 5, 7 reel machines
  • Classic slots
  • Video slots
  • Fruit machines
  • 3D slots
  • Progressive slots
  • Single and multiple payline slots

There are more, too. And then there are the various features that you’ll find with some slot games but not others. These included multipliers, free spins, cascading reels, and bonus rounds.

You could even add licensed slot titles to the list. This would expand to cover licensed movie, video game, celebrity, and board game slots. In short, slot games come in MANY variations.

  • Perfect Pairs
  • Spanish 21
  • Pontoon
  • Blackjack Switch
  • Chinese Blackjack
  • Super Fun 21
  • Atlantic City Blackjack
  • Bonus Blackjack
  • European Blackjack

These are just a few examples, and there are several other blackjack variants. You’ll also find payout variations such as 6:5 or 3:2 for a natural blackjack.

  • Bonus Deuces Wild
  • Bonus Poker
  • Deuces Wild
  • Bonus Poker Deluxe
  • Double Jackpot Poker
  • Jacks or Better
  • Joker Poker
  • Loose Deuces

Again, these are just a few examples. In many land-based casinos, especially the large ones in Las Vegas, you might find dozens of different video poker games. Most of the online casinos we’ve reviewed have at least ten or so, and many of them have a lot more.

Some common video poker variations you’ll find everywhere, while others are exclusive to a specific online casino or software provider. Other variations also include progressive and multi-hand video poker machines.

  • American Rouette
  • European Roulette
  • French Roulette
  • Live Dealer Roulette (online only)
  • 3D Roulette
  • Multi-Ball Roulette
  • Multi-Wheel Roulette

Almost hard to believe a simple game like roulette could have so many variations, huh?

How Many Types Of Online Gambling Are There People

Anyway, these casino games have the most variations. Most other games either don’t have variations, don’t have nearly this many variations, or don’t have variations you’ll find at more than one or two casinos.

Other than what’s listed above, here are the most popular casino games you can play today.

  • Baccarat
  • Pai Gow Poker
  • Craps
  • Let Em Ride
  • Caribbean Holdem
  • Caribbean Stud
  • Three Card Poker
  • Vegas Three Card Rummy
  • Keno
  • Scratch Cards

One of the biggest variations you’ll find with these games (the table games, at least) will be side bets. They’re often exclusive to brick-and-mortar casinos, but you will find side bets for these games at some online casinos. In terms of value for money, they’re hit or miss.

Other than side bets, other types of variations or twists to casino games you’ll find include the following

  • Live Dealer – Available online. A real person deals and the action is streamed live. Read more here.
  • 3D
  • Progressive – Every (max) bet contributes a small portion to a single jackpot that can be won at random by someone making the max bet.
  • Video
  • Multi-line

The options you have will vary from casino to casino. Online, the variations depends on the software provider(s) being used.

Another thing to keep in mind is that some games will have a different name due to licensing and/or copyrights. For example, tri-card poker is identical (or nearly identical) to 3-card poker.

When reading or talking about casino games, you might hear someone refer to them as skill games or games of chance. For example, blackjack is considered a skill game. Slots are a game of chance.

The difference between skill games and games of chance is there’s more or less a right and wrong way to play games of skill, and if not right or wrong, then definitely optimal and not optimal. You can learn these by studying various books and websites, then practice what you learned at the casino.

But games of chance? These are totally random. There’s not anything you can really do outside of cheating to gain an edge playing those.

That all said, skill games are only skill games if you yourself become skilled at them. Otherwise, they might as well be games of chance.

On top of that, few games can truly be beaten for a profit. Blackjack is one of those games. Some video poker variations can be, too.

Crash Gambling

Other games, such baccarat, pai gow poker, or craps, have strategies or optimal plays or optimal bets you can make to get the house edge down. Add in some bonuses, and you might turn a slight profit. But you shouldn’t count on it.

We point that out because unless you choose a game that can be beaten for a profit – and you’re willing to put in dozens or maybe even hundreds of hours learning it, and hundreds or probably more like thousands of dollars practicing it live – you’re unlikely to become skilled enough to beat the house for a profit.

Our point? We just recommend that you don’t choose a game for any other reason than that you like to play it. Because you’re most likely going to lose while playing it – at least in the long run.

Finding and Playing Casino Games Online

Let’s talk a minute about finding casino games online.

Most casinos will have the same options – blackjack, various table games, video poker, and slots. There are few exceptions.

Those exceptions include variations, like live table games, 3D slots, or something “rare” like multi-wheel or multi-ball roulette.

It also includes exclusive games or titles. Since many casinos work with different and/or multiple software companies, you’re likely to find a different selection of casino games at every casino you join.

This will also affect game rules, payouts, and odds – but on a much lower scale.

And it’ll affect the number of games you can play. Some casinos only have a few dozen games. Others have hundreds. Some more than a thousand. Seriously.

Then you’ll have casinos that offer full-blown mobile casino apps (for smartphones and tablets), while with others you might be lucky to have five or ten mobile friendly games. Some casinos – if you can believe it – won’t have any.

The point of all this is that you’ll have to do some research if there’s a specific game or variation you want to play. One of the best things you can do is join a casino that works with several software companies.

That way you have a wide variety of games to choose from.

There are so many types of casino games you can play. It can be overwhelming.

If you already know what games you like to play, and want to play online, we highly suggest looking for software companies that have them. From there, find out which casinos work with those software companies. Then read our casino reviews.

For everyone else?. Find a casino with LOTS of games to play. Then get busy. You’ll find the type of casino game you like to play in no time. Here are some of our recommended casinos that have a great selection of games, and they all offer bonuses too new customers, too.

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