There are many different betting types available at PA online sports betting sites. Since Pennsylvania was one of the early adopters of legal sports betting, it has one of the most developed sports betting markets, giving users many different sports betting options. The only restriction PA sports bettors will experience is that there are no player props available on college sports betting. However, every other type of college sports wager is accepted.
Here is a detailed list of the types of wagers that bettors can enjoy for both professional and collegiate sports in Pennsylvania.
The simplest Pennsylvania sports betting type is a moneyline bet, since it is simply picking the winner of a game or match. Moneyline betting odds have a wide range, and are listed as a minus number for the favorite and a plus number for the underdog.
Betting odds for the favored team will be listed as a negative number, like -160, meaning you have to risk $160 to win $100. For the underdog, the odds will have a positive number, like +145, meaning you only need to risk $100 to win $145.
Spreads, or point spreads, are among the most popular bet types for Pennsylvania sports betting. Spreads give the favorite a points handicap of the expected amount that the seemingly better team will win a game by. Most spreads have -110 odds on both sides.
For example, let's say the Pittsburgh Steelers are a 5.5-point favorite over the Cleveland Browns. This makes the spread Steelers -5.5 (-110). For this wager to cash, the Steelers must win by at least six points. On the other side, Browns +5.5 (-110) would be a winning wager if Cleveland won the game outright or lost by less than six points.
Totals, or over/under bets, are betting whether the two teams in the game will combine for more (over) or less (under) points than the number the sportsbook lists. Pennsylvania sportsbooks offer point totals for full games, halves, quarters, team totals, and more.
Prop bets are wagers on smaller in-game events, rather than something related to the outcome of the game. Pennsylvania sports betting sites offer team props, such as the Philadelphia Eagles' total points scored in a game, or player props, such as wide receiver A.J. Brown scoring a touchdown.
Futures bets are wagers placed on a future event, such as a league championship, season win totals, making the playoffs, or league awards. Futures bets are longer term investments and the odds often offer a larger payout than moneyline, spread or total bets.
A futures bet example is the Philadelphia 76ers to win the NBA Finals. Check out the NBA Championship odds available at any of the PA online sportsbooks.
Parlays combine multiple wagers into a single bet for a potentially larger payout. Each bet within a parlay is called a leg. All legs of a parlay must win for the parlay to cash. A parlay bet can feature moneylines, spreads, totals, and prop bets across different sports.
For example, a three-leg parlay could have Penn State -6.5 (-110), Steelers vs. Ravens under 44.5 (-110), and the Penguins moneyline (-160). If all of the legs hit, you win your parlay. However, if one of the legs loses, then the entire parlay is a loss.
Teasers are similar to parlays in that you string multiple wagers together and that they all must win for the teaser bet to win. However, teasers allow you to collectively shift the point spreads or totals up or down, with the odds becoming less lucrative as a result.
For example, a parlay taking Penn State -6.5 (-110), Steelers vs. Ravens under 44.5 (-110), and the 76ers +4.5 (-110) has +597 odds. A four-point teaser would move the lines to Penn State -2.5, Steelers vs. Ravens under 48.5 points, and 76ers +8.5 for +165 odds.
Live betting, or in-game betting, is when sports bettors place wagers while the event is happening. Sportsbooks will update the betting odds and lines to reflect the ongoings during an event, giving you alternate odds and lines that likely weren't offered pregame.
For example, the Pittsburgh Pirates may have been +200 to win pregame, but following a grand slam in the third inning, their live odds to win would adjust to -125.
PA Sports Betting Tips
- Redeem each sportsbook's welcome bonus.
- Shop for the best odds before placing a wager.
- Spend time on research.
- Set a budget and stick to it.
- Place bets you are comfortable with as sports betting is supposed to be fun.