There are many kinds of betting, from the most conventional to the most outrageous. It seems that betting is more prevalent in places where there are bars and clubs to enjoy the game and drink with your friends. However, other businesses like sports gambling and horse race betting have gained popularity and a good following.
The first kinds of betting are the bet on the outcome of the event. This can be in many forms, from simple bets on the winner or the runner up to large bets on the event itself. Horse race betting, for instance, is perhaps the most common and the most traditional form of betting. However, it is also among the riskiest because there are so many factors that can change race.
The second kind of bet is the win, place, and show a chance. These types of wagers are the easiest to understand and are the favorite with most people. In this type of betting, you wager on the winner, but you also place a bet on the amount of money that will be wagered on the runner-up. This can be considered a combination of the two because you hope you win and make sure that you place a reasonable amount of money on the runner-up.
The following kinds of wagers are more complex, but they are not impossible. Parlay wagers are just one example. This means that you place a bet, then you win, and then multiply that win by the total amount that you bet on the whole bet. The significant advantage of this kind of betting is that if you win, you do not just walk away with all of your money; you can also share the rest of what you succeed with your friends and family. The downside is that this kind of bet requires a lot of patience, and sometimes it requires months before you can see any results.
To know more about sports betting in Kenya, check out this infographic.
