Most common Sport Betting Types

The types of sports bets are simple and straightforward so that you can focus on the game. Here we will take a look at the most common types of bets and how they work.

• Moneyline

  The most common type of sports bet is the moneyline bet. When you place a moneyline bet, you are betting on a team or person to come away victorious. If that team or person wins, you win your bet.
• Over/Under

  Betting totals are often referred to as "over/under" bets. The concept is simple: Sportsbooks offer their estimate of the total number of points scored in a particular contest and bettors can wager on whether or not it will be higher or lower than that number.
• Point spreads

  Point spreads are used to determine whether a favorite will win a game. Oddsmakers set the point spread based on their predictions of how much better their favorite is than the underdog. The point spread represents how much bigger one team is than another.
• Parlay Bet

  Made up of a number of smaller bets placed together so they are treated as one big bet. For example, if you had four legs in your parlay and only three of those legs won, then your parlay would be considered losing because it didn’t win all four legs.
• Prop Bets

  A prop bet or proposition bet is a type that isn't directly tied to the final score or result of the game. Props are considered novelty bets since they can deal with individual player or team milestones.
• Futures

  Futures bets are wagers that are placed on an event that typically takes place several weeks or months later. A futures bet is a wager on the future outcome of a sporting event. This can include winning an MVP award, winning a league championship, or the total number of wins a team has.