Types of Sports Betting
Live sports betting is already legal and operating in Pennsylvania, and soon you will be able to bet at PA online sportsbooks. There are multiple forms of sports betting, and you’ll have the opportunity to bet on your favorite teams and sports.
On this page, you’ll learn more about sports betting in Pennsylvania, including the types of sports betting available and what types of bets you can place on sporting events.
Forms of Sports Betting
There are different forms of sports betting in Pennsylvania and around the world. Below is a quick overview of the different types of betting you’ll find.
Fixed Odds Sports Betting – This is your standard form of betting on sports where you’re presented on options to bet and fixed odds in moneyline, decimal, or fractional format. Sports betting in Pennsylvania will primarily use a moneyline format for odds.
In-Play / Live Sports Betting – For this form of betting, you can bet on sports contests as they are unfolding. The odds for this type of betting can fluctuate wildly but allows for changing game conditions. Some casinos may even allow you to cash out early from these bets while they are still winning for a lower payout.
Daily Fantasy Sports – For DFS, you build a team of players for a sport such as football and then compete against other players in contests. This is a fun way to play that isn’t dependent on the total outcome of a single game but rather the performance of the players.
Horse Racing Betting – There are horse tracks throughout Pennsylvania and around the world, and you will be able to bet on some of the world’s largest horse races such as the Kentucky Derby. Note that horse race betting may run on fractional odds as opposed to other forms of sports betting in Pennsylvania.
E-Sports Betting – Electronic sports betting, primarily on video game competitions, is extremely popular and will likely bet an option for sports betting in Pennsylvania. You’ll bet on video gaming teams and their progress through major gaming competitions around the world.
Types of Sports Bets You Can Make
There are multiple ways that you can bet on sports in Pennsylvania. Below is a quick rundown of the types of bets you’ll be able to place at PA online sportsbooks.
Point Spreads – One of the most popular forms of betting, you’re betting on whether your team will cover the spread line. For underdogs, they have to either win the game or lose the game by less than the line provided. For the favorite, they must win by more than the line.
Total Line Bets – These are point, run, or goal totals depending on the sports. For example, if you’re betting baseball and the line is set at 9.5, you will bet whether the two teams playing will score more or less than 9.5 runs.
Moneyline Bets – This is a straight bet where you’re betting on which team will win.
Parlay Bets – These are groups of bets where you pick on two or more teams in a sport. To win this bet, all parts of the bet must win.
Teaser Bets – Similar to parlays but you can adjust the odds to give you a better chance of winning. This means you’ll get less of a payout though.
Head-to-Head Bets – In sports like golf, tennis, or NASCAR, you’re presented two players, and you will bet on which will win finish higher in a competition. For example, if you bet on Tiger Woods vs. Phil Mickelson head-to-head in a golf tournament, you win if Tiger shoots lower than Phil.
Prop Bets – This is a broad category, often based on events that are no dependent on the outcome of the game such as how many penalties a team will get in a football game. It can also include bets on things such as WWE matches or the NBA Draft.
Futures – You’re betting on a future event, such as the winner of the World Series, Super Bowl, or Stanley Cup finals.
Get Ready to Place Your Bets at PA Online Sportsbooks
Online sportsbooks will launch in PA this summer and provided that you’re physically in the state, you can bet on your favorite games and players. Note, you don’t have to live in PA to play, so feel free to make the trip up to the Keystone State to bet your favorite teams. Whether you like to bet on football, basketball, the NCAA, or even NASCAR, you’ll find multiple options at Pennsylvania online sportsbooks.