Since betting became legal in Colorado in 2020, more and more people are starting to pick up an interest in various forms of betting. Today’s betting industry makes it possible to bet on many things, but for someone new to the hobby, it can take time to know where to start.

For many, playing at an online casino for real money is a way to wind down or add some extra excitement and spice to a big game. If you want to have a try check out online casino real money for a place to start. Below we have listed some of the most common ways to bet and what they entail.

Picking the winner

Picking the winner of a game is a very simple way of betting, but it is something that many enjoy. In this form of betting, one simply picks which team is going to win. The bet then pays out if the guess is correct. This type of bet often only pays out after regular time, and if the team you have picked wins in overtime, you might not receive your payout. Therefore you need to make sure that you understand the conditions of the particular bet and how it works. 

Parlays

Parlays are one of the most popular forms of betting there is, because it allows for more complex analysis and also higher odds than most other forms of betting. Parlays are a form of combination bet where the bettor puts together different things that can happen during the course of a game, such as a particular football player rushing for a certain number of yards or a defense having a set number of sacs. These parlays can become incredibly complex and, therefore, also receive quite high odds.

Longer bets in the style of fantasy

Many sportsbooks also offer up their own version of fantasy leagues that one can partake in. This has become a popular choice for those wishing to be a little more involved in their fantasy leagues or simply as something to keep track of during the season.

One can also place long-term bets active during an entire season, which has also become very popular amongst bettors. Placing a bet that one can then keep track of as the season progresses is preferred by many as it’s a slower and more methodical way of gambling.