Here
are some of the types of online bets offered, and a
brief definition of each:
Futures: Wagers made on future events,
such as the winner of a tournament, or outcome of an
entire season.
If-bet: A set of two wagers, where
the second bet is only active if the first bet wins
(or sometimes wins or ties).
In-line bet: Wagers made after the event has already
started.
Halves,
Periods, or Quarters: Sides or totals wagers
placed on one "section" (half, quarter, or
period of the game).
Money
line: The standard bet. You pick who will win
the game.
Parlay:
You make two or more wagers. You win if and only if
all of the individual wagers that make up the parlay
win. Generally, the more individual wagers included
in the parlay, the higher the payout.
Props:
A bet that is "propositioned" and does not
necessarily fall in any of the other categories.
Points
(buying or selling): A modification of another
type of wager where a player either pays less favorable
odds for moving the the spread in his favor or gets
more favorable odds for moving the spread against him.
Round
robin: A combination of parlay wagers, where
you bet all possible parlays for a particular number
of teams.
Reverse: Like an If-bet except that
in the set of two wagers, both bets are active if any
one of the bets wins.
Side: You decide which team will win
the game, including a point spread in your wager.
Teaser:
Like a parlay, except that the line is adjusted a certain
number of points on each one in your favor.
Total: A wager on whether the total
number of points scored by both teams is over or under
a particular number.
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