Types of Bets

Sports Betting can be confusing if you don't have much experience. Below are some of the most popular sports betting markets. 

Straight Bet 
A wager based on the outcome of a single bet

Example: Philadelphia Eagles to win versus the New England Patriots
 

Point Spread 
Represents the margin of points by which favored team must win by “to cover the spread”

Example: You win a point-spread by predicting the winner of a game with the line factored into the final score. For example, if Philadelphia is favored over Dallas with a spread of -6, and you can bet on Philadelphia, Philadelphia will need to win by 7 points or more for you to cover the spread and win the bet. If you bet on Dallas at +6, Dallas must lose by fewer than 6 points or win outright for you to win the bet. In the event of a push, your wager will be refunded.

Money Line
Straight-up winner of the event. There is no point spread.

• The minus (-) symbol is the favorite
• The plus (+) is the underdog

Example: Betting the money line is picking who will win the game outright. In the example below, the money wager is indicated by +160 on Dallas and -180 on Philadelphia. If you bet $100 on Dallas, you will receive $160 plus your original bet ($100). If you bet $180 on the Eagles, you will receive $100, plus your original bet if the Eagles win ($180). In the event of a tie, your money will be refunded.

Prop Bet 
A bet focused on the outcome of a single event within a given game.

Example: Betting on Philadelphia to score the first touchdown.

Parlay 
A parlay is a way to increase your odds and potential payout by combining a series of two or more selections from different events into one combined bet. All bets must win to ensure a payout.

Example: This is when you bet on more than one team on the same bet to increase your potential payout. If can be done with Money lines and spread bets. To win, all outcomes within the parlay must win. For example, if you parlay $100 on the Eagles and Giants money line, you’ll need both teams to win their game to win.
 

Round Robin
A round robin bet is a type of parlay betting that requires making multiple parlay selections at once. You can combine many different selections that include all possible combinations of events.

Example: A three team round-robin parlay consists of four total bets: three two-team parlays (A+B, A+C, B+C) and one three team parlay (A+B+C).
 

Teaser+ 
Two or more selections required for this bet. A teaser allows you to adjust the spreads favorably. In football, you move the posted point spread by 6.0, 6.5, and 7.0 points. In basketball, 4.0, 4.5, or 5.0 point teasers are offered.

Example: Football teasers are offered are 6.0, 6.5, 7 point teasers. In a 6.0 point teaser, the line is shifted 6 points. With the 6 point teaser, if your selections are Philadelphia -6, New York +3, and Baltimore -12, your spreads will be adjusted to Philadelphia Evan, New York +9, and Baltimore -6. All sections must win for your teaser+ bet to win. If a selection is a push, that selection will not count towards your payout.
 

Futures 
A wager placed on an recent typically far in the future such as which team will win next year’s Pro Football Championship or who will the NBA MVP will be.