The money line is expressed as a 3-digit number. The money line represents the odds of a team winning the game outright without the use of the pointspread. For example, a player must bet $11 to win $10 for a total payout of $21 or $110 to win $100. The point spread represents the margin of points in which the favored team must win the game by to “cover the spread.” Bets on the point spread are usually offered at 11 to 10 odds. The most popular sports bets are based on the point spread. For example, a 3-team round robin consists of three 2-team parlays (A + B, A + C and B + C). Round Robin BetĪ round robin is a series of parlays. In basketball, 4, 5 and 6-point sports betting teasers are offered. In football, a player may move the posted pointspread 6, 6.5, 7, 10 or 14 points (10 and 14 point teasers ties lose). An example of a prop bet is “Which team will score the first touchdown?” Teaser BetĪ teaser is a type of football or basketball wager in which the pointspread is adjusted by additional points in the player’s favor on more than one game. These include Sunday and Monday night pro football games, various high-profile college football games, major college bowl games and playoff and championship games. Props are often offered on marquee games of great interest. Proposition bets, or “prop” bets, focus on the outcome of events within a given game. Futures BettingĪ futures bet is a wager placed on an event typically far in the future, such as which team will win next year’s pro football championship game or pro hockey championship series. What is a Straight BetĪ straight bet is an individual wager on a game or event that will be determined by a pointspread or money line. However, if the player wins all the wagers in the parlay, the player wins a higher payoff than if the player had placed the bets separately. If the player loses one wager, he loses the entire bet. Parlay – What is a Parlay Bet?Ī parlay is a single bet that links two or more wagers to win the bet, the player must win all the wagers in the parlay. Learn about all popular types of bets, including parlays, teaser bets, prop bets, and all the need to know terminology for betting on sports.

Sports Betting Explained – Types of Sports WagersĬurious about the types of sports bet? Check out William Hill’s guide to sports betting, which covers all the need-to-know topics and terms.

How to play parlay betting