Betting is a risky activity, but it can also be an exciting one. Depending on the type of bet you place, you may be able to win more than your stake.

There are a few different types of bets you can place on sports, including proposition bets, parlays, and futures wagers. The most popular are the wagers on a team’s chances of winning a specific game.

Proposition bets are a great way to get value on your bets and can offer a great return on investment. They are usually statistically based and can include things like whether a team will have more goals, if a player on the winning team will run for more yards, and more.

Parlays are another popular form of wagering that involves multiple bets that all have to win for you to earn a payout. These are typically less profitable than individual wagers, but they do have a higher odds and can pay out big.

Futures betting is an interesting concept that combines the excitement of betting on a future event with the potential for a big payout. Unlike traditional bets, futures bets are a little more complicated because they take time to play out, and the payouts can vary based on the team you bet on.

A good rule of thumb is to avoid betting on teams whose prospects don’t look good at the moment. This can be a tough thing to do, but it is necessary for long-term success in betting on sports.