Wyoming Betting Types
Every wager on a Wyoming sportsbook falls into one of eight bet-type families. Each guide below covers the math, real Broncos and Cowboys examples, when to use the bet type, and which licensed Wyoming book prices it sharpest.
Moneyline
The simplest sports wager, pick which team or player wins, with no points or margin involved.
Point Spread
Wager on whether one team covers a handicap. The most popular NFL bet type in Wyoming.
Totals (Over/Under)
Wager on whether the combined score of both teams will be over or under a number set by the book.
Parlays
Combine two or more independent wagers into one ticket, all legs must win, but payouts multiply.
Same-Game Parlays
A parlay where every leg comes from the same game, correlation is priced into the payout.
Live Betting
Place wagers while the game is in progress. Odds update continuously based on score and time remaining.
Futures
Wagers on season-ending outcomes, Super Bowl winner, MVP, division champions, win totals.
Player Props
Wagers on individual player performance stat lines, passing yards, points, rebounds, strikeouts.
Which bet type should a new Wyoming bettor start with?
Start with moneylines and spreads. They are the simplest, the highest-liquidity markets, the easiest to line-shop, and the fastest to learn. Once you're comfortable, experiment with player props on games you already watch closely.
Avoid large straight parlays as your primary strategy, the house edge compounds faster than most bettors realize. If you want multi-leg upside, use same-game parlays, where correlation actually pays.
How bet types compare on hold (book's edge)
Lower hold = better long-term EV for the bettor. Approximate average hold across Wyoming books:
- Moneyline, 4-5% (lowest hold, best long-term value)
- Point spread, 4-5% on -110/-110 standard pricing
- Totals, 4-5% on -110/-110
- Player props, 6-9% (typically -115/-115)
- Live betting, 6-9% (slightly wider than pre-game)
- Same-game parlays, 10-15% (correlation pricing premium)
- Straight parlays, 15-25% (vig stacks across legs)
- Futures, 15-30% (longest tail = widest book margin)
This isn't a strict ranking of "what to bet", futures can hold real value when you have non-consensus reads, parlays make sense when correlation works for you. But all else equal, lower-hold bet types preserve more of your bankroll over a season.