The most common bet you can place since you’re betting on the winner of a game/contest.
With the result of the game irrelevant, this bet essentially asks the bettor how many points/runs/goals are scored in a game. The bettor must bet either Over or Under the line set by the sportsbook.
A wager placed prior to a competition starting. Betting on the overall winner of the Super Bowl tends to be a common team Futures wager. Who will be named MVP come the end of the season is a popular Players Future.
This bet combines multiple individual bets into one bet/card and needs all bets to be successful for the whole bet to win. Typically, a parlay features a minimum of two selections or a maximum of fifteen. The more bets included, the higher the odds and the bigger the payout naturally. One of the more impressive parlay wins of 2019 came in NJ where an online bet of $20 on a 15 game parlay comprising a mix of NCAA and NBA games brought winnings of $178,000! Quite the profit!
This steps away from traditional wagers and betting on the outcome of a game. The majority of prop bets focus on an individual player or an event itself within the game. How many touchdowns a certain player will score is a common Player Prop bet, as is calling the winner of the coin toss. Another example would be a Game Prop where you could bet on the length of the national anthem in the Super Bowl. The number of TD’s scored by the home side is a common team prop bet. It’s possible to tweet some sportsbooks for odds on an event not among the options listed.
Betting on two teams of contrasting quality can offer less-than-appealing odds. A spread acts as an equalizer and helps to address the difference in quality by giving the underdog a headstart. For the purpose of the bet, a set amount of points is taken from the favorite and given to the underdog, prior to the game starting. Odds are given on whether the favorite can overturn a points deficit - typically referred to as covering the spread - and whether the underdog can hold on to the advantage. In turn, this produces better odds on both sides.
Similar to a parlay, a teaser also comprises a selection of two or more wagers as part of one bet. Like a parlay, all bets must also be correct for the overall wager to win. A teaser differs in the sense a bettor may alter a point spread or over/under totals in order to make a wager easier to win. The sport being bet on dictates the point difference which can range from 4 and 10 points.