You can use a sportsbook for all types of wagering, not just sports bets. These include Spread bets, Exotic wagers, Betting exchanges, and non-sports events. Before you can bet, you must know what types of wagers you can make with a sportsbook.

Bets on non-sports events with a sportsbook

In addition to sports, sportsbooks also offer a variety of other events for bettors to place wagers on. For example, you can wager on a hockey game with a low point spread, or you can place a wager on the first organization to land on Mars. Most major sportsbooks offer prop bets, such as the winner of the Oscars.

Spread bets

Sportsbook spread bets offer many different options, and are a great way to make some money. These wagers are not pure luck but rather based on historical performance. In the NBA, for example, players’ props are often based on scoring, but they can also include assists and rebounds.

Exotic wagers

Sportsbook exotic wagers are a great way to maximize profits, but they come with a price. For example, you can place a bet on three horses to win the Kentucky Derby, but this can be risky because you will be taking on more horses than you would in a regular bet. To reduce your risks, try placing a teaser bet. These types of wagers can be found at most sportsbooks, and some even offer zero-commission periods or free accounts.

Betting exchanges

Betting exchanges for sportsbooks function much like traditional sportsbooks, but with lower overhead and no in-house odds-making team. These exchanges allow you to make bets on any sport or event and pay a commission if you win, usually between two and three percent of your total bet. Some exchanges offer zero-commission bonuses for a limited time or a cap on your winnings.

Betting units

When betting on sports, you need to understand the betting units. These units are made to protect your bankroll. Typically, a unit is equal to one percent of your bankroll. Therefore, if you wager $10, you would place ten units.

Bonuses offered by sportsbooks

Sportsbooks offer a variety of different bonuses to their customers. A popular bonus is a risk-free bet, which is an incentive for new players. The sportsbook will then load the credit into your betting wallet, so that you can place wagers with it. When you win, the money is deposited into your account.