If you’re looking to bet on sports, you can bet online, at a brick-and-mortar betting facility, or even at a local racetrack or casino. Each sportsbook offers different types of wagers for various sports. However, the most common types are moneyline, point spreads, and over/under bets.

Moneylines are the simplest type of bet. The betting amount is based on how much money the team you’re betting on would need to win to break even on the bet. For example, a -200 favorite has odds of winning about a dollar for every two dollars you bet. On the other hand, an underdog has a payout rate that is higher.

Point spreads are used by many sports. For example, if you bet on the Patriots to beat the Rams, you’re going to have to pick them to win by three or more points.

Over/under betting is similar to the totals betting mentioned above. It involves betting on the total score of a game, like the number of points a football player will score. Depending on the sports, you might be able to bet on things such as total rushing yards for running backs or strikeouts for pitchers.

Sportsbooks have different rules about wagering. They may offer different odds, and some states prohibit betting on college players. Some also prohibit wagering on in-state college teams via mobile.

When betting on sports, it’s important to learn as much as you can about the games you are choosing to bet on. You should also not pay more than you can afford.