Straight Bet

Definition:

In sports betting, a straight bet is the most common and simplest wager - a single bet placed on one outcome (such as a team winning, covering the spread, or hitting the over/under). Unlike parlays or exotic bets, a straight bet only requires that one outcome be correct to win.

They serve two main purposes:

1. Provide the most straightforward way to wager, with lower risk compared to parlays or complex bets.

2. Allow bettors to focus on a single outcome, making bankroll management easier.

Real-World Example

NFL Game: Green Bay Packers vs. Chicago Bears

• A bettor places a straight bet on the Packers –3.5 point spread (–110).

  • If the Packers win by 4 or more points, the bet wins.

  • If the Packers win by fewer than 4, or lose outright, the bet loses.