When Matthew Tripp sold his stake in BetEasy for AU$151 million last year, he predicted that online, phone and app-based sports betting would boom. He wasn’t wrong!

There are many different types of sports bets available, and each offers a unique perspective on the game. Some bets are safer than others, and some have a larger profit potential. However, it is important to remember that profits are only realised if you win the bet. Therefore, assessing risk-to-reward ratio is vitally important to making optimal betting decisions.

The best way to increase your chances of winning is to keep track of your bets (a standard spreadsheet works fine) and to research stats and trends. This will give you a better understanding of how each bet type works, and you can identify angles that may work for your betting style. Also, be sure to consider team and player injuries as well as weather conditions. For example, a star player nursing an undisclosed injury could spell disaster for a favorite, opening up a high-value bet opportunity for you.

Another popular type of bet is the over/under, which focuses on the total number of points scored in a game. These bets are popular among football fans and offer an extra level of excitement as they do not hinge on the outcome of a specific team. However, be warned that these bets can be expensive to place and often have a low win probability.