Moneyline betting is the most popular format as it is easy to understand and applies to all major sports. Only one outcome needs to be picked, the outright winner, which is why hockey, football, baseball and recreational bettors enjoy the simplicity of moneyline markets.
Point spread betting is particularly prevalent in football and basketball because the point spread offers more even betting opportunities when there is a large perceived difference in quality between the two teams. Bettors assess which team will cover the spread rather than just which team will win, adding another layer of strategy to the contest.
Totals wagering is attractive to those Nova Scotia gamblers that like studying scoring tempo, team leanings and game flow instead of picking a straight winner. Available in hockey, basketball, football and baseball, totals betting allows savvy punters to capitalize when they have a good feel for offensive or defensive crazes.
Parlays continue to be one of the most popular bet types available as they allow gamblers to increase potential payouts by linking several selections together. They are prevalent during football weekends, large hockey slates and multi-game wagering days. Bettors, however, should know the risk associated with parlays.
Player props continue to expand as they allow bettors to wager on specific performances rather than the game outright. Basketball, football and hockey allow users to wager on points, assists, shots, yards or other stats related to just one player.
Live betting is employed by those bettors who prefer to respond as the game progresses. Live wagering allows bettors to jump on momentum swings, injuries, penalties, scoring runs and more during a given matchup. This type of wagering is most commonly used with fast paced sports such as basketball and hockey.