Learn about Exotic Bets
When you use a software sportsbook, you have access to thousands of betting options. If you want to be a successful bookie, you need to know the types of wagers you can offer. One of the advanced wagers available is exotic bets.
Most major sportsbooks offer exotic bets. They are not a money line, under/over, or a spread. Also, some exotics include props, futures, parlays, mixed parlays, and teasers.
Introduction to Exotics
Aside from the types mentioned above, exotics include wagering opportunities involving politics, TV shows, and current events. Some exotic wagers involve the US presidential race and popular TV shows, such as The Biggest Loser, Survivor, and American Idol. Some bookies even accept bets for the gender of an actress’ soon-to-be-born baby.
The Super Bowl is a popular sporting event that offers a lot of exotic wagering opportunities. If the bet is out of the ordinary, you can classify it as an exotic according to the Internet Gambling Wiki.
The problem with exotic wagers is that they are hard to analyze. Also, the results depend on chance or judgments made by other people. As a bookie, it provides your sportsbook with variety. Some players do enjoy betting on exotics even if there’s no logical way of figuring out the best outcome for them.
Thus, pay per head providers make sure that their platform supports exotics. Even if players bet on them infrequently, it gives your sportsbook great value. Also, players love talking about exotics. It will bring more action, especially during significant events such as awards shows or championship matches.
You can make a lot of money off exotic bets. However, consider limiting your exotics on sports. Even casual fans love wagering on exotics during big games, such as the Super Bowl, NBA Finals, or the World Series.
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