Basketball Betting Tips – Other Basketball Bets (Teasers, Futures, Prop Bets)
For those who prefer betting on basketball enjoy purchasing exotic or specialty bets, this section is for you. Traditionally, basketball bets are straight bets with or without point spreads or moneyline wagers. Exotic bets are newer forms of basketball betting wherein different events during a game are bet on. Rarely are exotic bets plain vanilla straight bets which predict the final outcome of a game. Some of the most popular basketball betting types are teaser, futures and prop bets.
Basketball Teaser Bets
Basketball teaser bets have several sub types. Typically, a teaser bet entails that gamblers must correctly predict the outcomes of two or more events. Teasers are more or less similar to parlay bets. However, an important difference lies within the fact that while gamblers who purchase parlay bets are allowed the option of betting against the point spread, in a teaser bet gamblers must follow the point spread. However, they can re-align the point spread in a manner that suits their risk appetites. The point spreads can be adjusted by upto 5 points in some instances.
Like parlay bets, even teaser bets will pay only if all the selections come through. If even one of the selections does not go as predicted, the entire teaser bet will lapse and the gambler will lose his stake. If one of the game results in a tie, most bookmakers would consider it as a loss. However, some teaser bets could come with such terms that ties could be adjusted in the total payouts.
Two of the more popular basketball teaser bets are monster teasers and super teasers.
A monster teaser bet involves just three teams. What sets apart the monster teaser bets from regular teaser bets is that the punters get an additional 7 points. Ties are normally considered as losses. The payoff rates for monster teasers are usually 120/100. A Super Teaser bet is used for 4 teams only. Punters who purchase super teaser bets get 10 additional points. The payoffs are usually around 130/100.
Basketball Parlay Bets
A parlay bet is a single bet which comprises the outcomes of multiple individual events or games. For gamblers who engage in betting on basketball, parlay bets are an excellent way to make money. Often they are viewed as ways to earn quick money. A new form of exotic bet is the round robin bet. This basketball betting variant is a combination of two or three parlay bets, each of which involves at least 3 playing teams. Extremely complex, these kinds of bets offer higher payouts in order to attract the serious gambler.
Basketball Proposition Bets – Prop Bets
Proposition bets are purchased by gamblers who wish to bet on specific occurrences during a game. These are offered by individual basketball betting website. As such the betting odds for proposition bets are not as standardized as other bets. The events for which proposition bets are formulated could be diverse, ranging from which player is most likely to score the maximum three points during a game to which team could commit the maximum faults during a game. Because of the highly individualistic nature of these kinds of bets, proposition bets are best invested in after careful analysis of the efficacy of the betting odds devised. Past player performances and other historical information need to be studied carefully before purchasing a proposition bet.
Basketball Futures Betting
Betting on basketball has been redefined with the advent of futures betting. Futures basketball betting is akin to trading in futures in the stock exchange. The bets are placed for a game that is not yet played. The games will be slated to happen at a distant point in the future. For example, several bookmakers already offer futures basketball betting odds for the 2010 NBA season. Because of the lengthy time frame involved, these bets are also high risk bets.
Futures basketball betting odds are constantly updated and players need to check the latest odds before deciding whether they need to purchase them or not. The NCAA March Madness future odds are also available at several popular bookmakers. Futures odds are normally straightforward fixed odds. The NCAA March Madness futures basketball betting scene is quite popular, often attracting more interest than current odds. The odds are quite simple
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