You’re a new sports bettor ready to place your first wager. Then you come across the term “straight bet” and wonder what this means. Of course, as a newbie, you need to learn the ropes before diving into the experience.
In that case, you’re on the right page. Here’s a simple detail to get you started — straight bets are one of the easiest to place. I will explain more about this betting type in this guide, exploring how it works, as well as the pros and cons. Even better, I’ve provided sportsbooks that support such bets. Keep reading to learn more.
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What is a Straight Bet in Sports Betting?
A straight bet is a single bet on a particular game or event outcome. You can use any bet type when placing single bets — moneyline, totals, spreads. The goal is simply to predict the result of that particular event.
Keep in mind that parlays don’t fall under straight bets. In fact, parlays, accumulators, system bets, and multiple bets are the opposite of their straight counterparts. These options include more than one selection. In other words, you’re predicting the outcome of various events, unlike straight bets, where you focus on one game.
Different Types of Straight Bets
Now that you can answer the simple question, “What are straight bets?” let’s explore the different options in this category. I mentioned that it encompasses different types of wagers. In the following sections, I’ll discuss the three most popular betting options you can use to place a straight bet.
Moneyline Straight Bets
Moneylines are the most popular betting options, especially for new players. Their appeal stems from their simplicity, as they involve picking the team or player to win. Each moneyline betting market has two sides – one with a better winning chance and the other with lower odds.
The team or player with higher winning chances are the favorites and is assigned a negative (-) sign next to their odds. Teams or players with lower winning chances are the underdogs, and they have a positive (+) next to their odds.
Consider an MLB game with these odds:
- Seattle Mariners –300
- Detroit Tigers +230
In this case, you simply select the team that you think will win the game.
Point Spread Straight Bets
The point spreads are more technical than moneylines. So, if you’re wondering “what is spread betting,” the answer is simple. For this market, the sportsbook gives the underdog an advantage to level their winning chances against the stronger team. Take a WNBA between Mercury and Sky, where Sky is slightly favored. The sportsbook’s spread might look like this:
A bet on Mecury wins only if the team scores by three or more points. On the other hand, Sky must win the game outright or lose by less than 3 points for a wager on the underdog to pay.
Totals Straight Bets
Totals, also known as over/under, are my go-to options when I don’t favor a particular team. It’s also perfect for a beginner, as it’s less complex than the spread. In
over under betting, you wager on the collective number of goals or points the teams or players score.
Let’s consider a Premier League match between Manchester United and Fulham, where the predicted total number of goals is 5. You then bet on the collective score of both teams being above or below 3.5. So, if the game ends in 2–1 and you bet under, you win.
It doesn’t matter which team wins the game or how the score plays out. As long as your prediction is correct, the sportsbook pays you based on the odds you backed and your ber amount.
How to Place a Straight Bet
I’ve covered “what is a straight bet” and the common betting types under this category. Now, let’s look at how to place them in sportsbooks:
- Browse through our selection:
We’ve recommended the best online sportsbooks with great odds and markets. Choose one of these platforms after evaluating their offerings.
- Create an account:
Once you’ve found a site that impresses you, create an account. The process is usually simple, as you only have to fill out a registration form.
- Fund your account:
After signing up, you must deposit, as you need funds to place bets. To do this, navigate to the cashier, pick a payment method, and follow the prompts to complete the process.
- Claim bonuses if interested:
Check our
sportsbook offers
to find a welcome bonus you can claim as a new player. Before accepting such, read the terms and conditions.
- Navigate to the betting lobby:
Now that you have funds in your account, head to the betting section. Select the sport and choose the event and odds you want to bet on.
- Place and confirm bets:
After picking your odds, the selection automatically appears on your bet slip. Here, you set how much you want to wager a bet and tap on the button at the bottom of the slip to confirm the stake.
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Best Betting Sites Where You Can Place Straight Bets
From my explanation of straight bet meaning, you can easily tell that this wager type is the most popular option at sportsbooks. Basically, every betting site allows you to place a single wager, also known as a straight bet. So, you don’t have to look too far when searching for platforms that support this option. Here are my top five picks:
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Straight Bet Vs Straight Up Bets: What Makes Them Different?
You might come across the term “straight up bets” and mistake them for straight bets. However, both are different. Straight up bets are also known as moneylines. They’re the simplest wager options because they revolve around picking a side you think will win. As I explained, they don’t have spreads or other technicalities besides selecting your winning team.
If you’re comparing straight bet vs moneyline to know which is best, understand that a moneyline is also a type of straight bet. It’s a perfect option for bettors looking to keep the experience simple. However, if you’re looking for something more complex, consider understanding
prop bets meaning
and other betting options.
Calculating the Payouts for a Straight Bet
Your payout from a straight bet depends on two things — the odds and your bet amount. Most online sportsbooks in the United States use the American odds format, which presents these numbers with positive and negative signs. However, sites like Bet365 and Fanduel allow you to switch to other fractional and decimal display options.
Here’s something to note about American odds — the negative and positive numbers determine how much you bet and win. For the favorite, the odds tell you how much you must wager to win $100. In the case of underdogs, the odds show the amount you would win with a $100 bet.
Using this same game:
- Seattle Mariners –300
- Detroit Tigers +230
So, for Mariners, you get $100 profit if you bet $300, and the team emerges successful. That means you receive a $400 payout. If you opt for the Tigers, you get $230 if you bet $100 and the team wins; that’s a $330 payout.
The higher the bet amount, the higher your potential wins. For instance, if your wager on the Seattle Mariners is $450 and the team wins, you get $150 because your bet is higher. Likewise, the potential wins for betting on the Detroit Tigers go up to $230 if you wager $200.
Pros and Cons of a Straight Bet
Here are the upsides and drawbacks I learned from placing straight bets:
- Easy to understand and bet
- Lower risk compared to parlays
- Available at all sportsbooks
- Potential payouts are not as high as those of complex wagers
More Useful Guides
Conclusion
I always advise new bettors to kickstart their sports betting journey with straight bets. As the name implies, a straight bet is straightforward, requiring minimal experience to win compared to more complex options. Of all types of straight bets, the moneyline is the easiest, as you only have to pick the side that will win. Once you have a better understanding of how betting works, you can explore other complex bet types.
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FAQs
A straight bet in football is a wager on a single event. Such events could be a particular match or an entire tournament.
❓ What Does Straight Bet Mean?
When you place a straight bet, you wager on a specific outcome. There are different types of straight bets, including moneylines, point spreads, and totals.
🔎 When is the Best Time to Place a Straight Bet?
There is no best time to place a straight bet. However, you can make the most of your wager by using sportsbooks like Caesars and DraftKings, as these sites have high odds.
