Arizona sports betting features many different kinds of bet types for both professional and collegiate sports. With no restrictions on betting types in the state, other than college props, both the retail and online sportsbooks in Arizona feature many different ways to bet on a game. Here is a detailed list of the types of wagers bettors can enjoy at Arizona betting sites.
Spreads, or point spreads, are one of the most common bet types for sports betting in Arizona. For spreads, the matchup's favorite is given a handicap, in order for the sportsbooks to receive action on both sides of the bet.
For example, let's say the Arizona Cardinals are a 5.5-point favorite over the Seattle Seahawks. The Cardinals would have a spread of -5.5. Betting on them would mean they must win by six or more points for you to win the bet and cover the spread. For the other side, the Seahawks spread would be +5.5. A wager on that side would hit if Seattle won the game or lost by fewer than six points.
Totals bets, or an over/under bet, if most often used when picking whether the two teams will combine to score more (over) or less (under) than the number provided. Arizona online sportsbooks offer totals bets for full games, halves, individual periods, and more.
For example, if you see a total for the Arizona Diamondbacks game set at 8.5 and bet the over, the two teams must combine to score nine or more runs to win the bet. If the two teams combine to score fewer than nine points, you would lose the bet.
The most simple bet type for sports betting in Arizona is the moneyline bet. For this, you are simply picking the winner of the game or match. Odds for moneyline bets on Arizona sports betting sites can range from +100 (even money) to plus or minus numbers as high as 2000, in extreme circumstances for games that are expected to be lopsided.
The betting odds listed 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 +185, meaning you only need to risk $100 to win $185.
While you can wager less than $100 on a moneyline bet on Arizona sportsbooks, American odds are based on betting or winning $100.
Prop bets ware wagers on smaller in-game events instead of the outcome of the entire game. Betting on props could include team props, such as betting a team's points scored, or individual player props, such as a player hitting a homerun. Props allow sports fans to have action on a game without predicting the final result.
Futures bets are wagers placed on a larger future event. The most common type of futures the Arizona users place is on a league's championship, such as the odds to win the 2023 NBA Finals. Other examples of futures bets may include individual awards, such as Coach of the Year or league MVP, whether a team makes or misses the playoffs, the first pick in a league's draft, and more.
Since futures wagers are often placed weeks or months in advance of the bet being graded, it makes them risky, but the odds reflect this.
Parlay bets are wagers that combine multiple different bets together to create a larger payout, but all legs must win for the entire parlay to cash. This makes parlays more difficult to win, which is why the odds are longer. AZ sports betting parlays can feature moneylines, spreads, totals, and prop bets across different sports.
For example, a three-leg parlay could have Cardinals -7.5, Suns-Lakers over 209.5 points, and Coyotes +185. If all three bets in the parlay hit, it could lead to a big payout. However, if one of the bets loses, then the entire parlay is graded as a loss.
A teaser bet allows you to shift the spreads or totals in a parlay collectively up or down in order to make it easier to hit. While this reduces the risk of the parlay, it also makes the betting odds less profitable.
For example, a parlay taking the Cardinals -7.5, Suns-Jazz over 209.5 points, and the Arizona State Sun Devils +2.5 has +597 odds. A four-point teaser would move the lines to Cardinals -3.5, Suns-Jazz over 205.5 points, and Arizona State +6.5 for +165 odds
AZ sports betting offers live betting, or in-game betting. Live betting allows bettors to place wagers on an outcome while the game is taking place. Based on what is happening in the game, the spread, total, and other odds and bets will update. This creates opportunities to place wagers on different odds and outcomes than were previously available.
For example, let's pretend the Arizona Wildcats were -5.5 against the USC Trojans. However, after the Trojans began the game on a 12-0 run, the Arizona sportsbooks may have updated the spread to Arizona -1.5. This gives bettors the opportunity to bet on the Wildcats or Trojans at the updated spread and odds.