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Different Types of Betting Pools – What Should You Choose?

You may have heard about betting pools, and now you want to engage in this kind of activity. Betting becomes more fun once you get to know all the different types of betting pools out there, especially if you find specific pools that work better for your strategy. In the last few years, betting pools have become very popular, with users rushing to join or host their own.

What makes betting pools so great is their accessibility and the fact that they let gambling enthusiasts make bets without spending any money. People can use fake coins instead, focusing on having fun instead of gaining prizes. WagerLab is one of the apps that allows you to make and  host betting pools, offering a seamless experience that any gambler will fall in love with.

But how do you decide which betting pool type to settle for? Each pool has its own features, so you must make a comparison before making your choice. This article will go into the different forms of betting pools you can settle for, so let’s get started.

What Betting Pool to Choose

One in five adults in the U.S. say that they have placed sports bets in the last 12 months. However, while the number of people who gamble has increased in recent years due to the rise in online betting platforms, some individuals might not be fans of traditional gambling. For example, people on a budget don’t want to lose their hard-earned money on conventional bets. This makes betting pools attractive – you can still bet on sports without the burden of spending money if you are simply looking for the thrill of gambling or want to have some fun.

Believe it or not, you have plenty of options to choose from in terms of pool betting. The types of betting pools you can pick from focus on sports such as American football, horse racing, basketball, and more. That being said, players can bet on the NFL, UFC, MLB, or NBA.

Here is a list of betting pool forms you and your friends or colleagues can opt for when gambling on popular sports events:

1.      Survivor Pools

The Survivor pool is one of the most popular ones. This type is especially prevalent in football, although fans can also find it in the golf, basketball, baseball, NASCAR, and hockey categories. Sometimes, the pool isn’t named Survivor but comes under a different title, such as “King of the Hill,” “Last Man Standing,” “Eliminator,” “Knockout,” or “Suicide.”

In this pool type, gamblers can select a particular team once per season and one NFL team per week. The key is to have their team win the game during certain weeks, allowing the participant to stay in the pool for the next event. However, the player is eliminated from the pool if the team loses. The one who wins is the person who makes it to the end.

Read More: Types of Office Football Pools

2.      Exacta Bet Pools

Exacta bets are very common in horse racing. They involve selecting two horses that will finish in 1st and 2nd places. If you choose the right horses, you win the pool.

Another popular way to do this is to place reverse exacta bets. These are more expensive, but they let you make two selections in any order you want.

3.      Jackpot Pools

Jackpot pools are also widespread in horse racing. With this type of pool, when you make bets, you have to choose the winners of the first 6 consecutive races. How this works is pretty obvious – in order to win the Jackpot, your choices must be the champions in all 6 races.

4.      Salary Cap Pools

Salary Cap pools are a common choice for golf. Basically, you have to choose up to 10 golf players within your budget. Then, if your golfing team makes the most money from the tournament that week, you become the week’s winner. These pools can be made throughout the entire season, but they are especially popular for single-tournament events.

5.      13-Run Pools

Gamblers use 13-Run pools in golf. They can include up to 30 people, each being assigned to a particular MLB team. In order to win, your team must score all the runs between 0 and 13. What is great about these pools is that you can get nightly updates for them and even receive automated score emails. You can also effortlessly reset them and play them again.

6.      33-Point Pools

33-Point pools are popular in football. In these pools, 32 players are assigned weekly to different NFL teams. When your team scores 33 points, you receive a point in the pool. When the season ends, you will all have a certain number of points, and the one with the most points wins the pool. Check out some different types of football pools.

 

7.      One and Done Pools

NASCAR fans love to do One and Done pools. Every week, you must select a certain driver and add their cup points to your total. Everyone in the pool will do the same. When the season ends, whoever has the most cup points wins the pool. What makes these pools special but also a bit challenging is that you can only select one driver throughout the whole season.

The Bottom Line

In 2023, it was estimated that around 73.5 million Americans would bet on the NFL season. With so many people excited to bet on the NFL, they surely need the right betting pools. However, the NFL is not the only league you can find betting pools for. If you are a fan of other sports, you can join pools for golf, basketball, NASCAR, hockey, and baseball. Whether you choose the 33-Point, One and Done, Salary Cap, Jackpot, Survivor, or 13-Run pools, you are bound to have a great time with your friends and colleagues. So, select your preferred types of betting pools and let the fun begin!

Read More: How to set up and run a simple wagering pool