Getting familiar with sports betting is an exciting hobby that can be fun and rewarding. But before you begin to place your bets, you need to understand the different types of bets and the payouts.

If you want to get a feel for the betting market, start off with simple bets such as “daily double” or “pick six”. Depending on the size of your bankroll, you can also move on to more complicated bets such as “superfecta” or “trifecta box.”

Point spreads are the margin of victory assigned to teams by oddsmakers. The team that is favored has a higher chance of winning. But if the favored team wins by a certain number of points, it can “cover” the spread. Similarly, the underdog has a higher chance of losing but can also cover the spread if they lose by a certain number of points.

Most sportsbooks offer multiple types of bets. These include moneyline, point spread, total, and overtime. You can also bet over or under the bookmaker’s score. The bookmaker’s score is the score that is calculated by subtracting points from the total score of the two teams.

The bookmaker’s score can also be a prop bet, such as betting on the first team to score. Other types of bets include the banker bet and round robin.

The most common types of bets are those based on point spreads. In the case of point spreads, the favorite team must win by a certain number of points in order to cover the spread.