In sports betting, the odds of a particular team winning are set by the sportsbooks. The odds of a particular team winning are greater if they are considered a favorite. Obviously, the higher the odds, the more risk you’re taking and the lower your payoff. The same rules apply to bets on non-football events, such as horse racing. In sports betting, odds are usually set on two sides of an event, but some books may offer more than one side.

Another popular type of bet is the point spread. This is the amount of points a favorite team has to win a game to “cover the spread”. The point spread is generally around 11-10, with a bet of $11 on a favorite team to win $10 winning $11 will produce a $21 payout. The total number can be set at any point between zero and one hundred. The totals of the games are usually listed on the sportsbooks’ website.

A creative type of betting is prop betting. One famous example is betting on the time the national anthem will take during a Super Bowl game. The singer typically takes about two minutes and two seconds, so an under-under bet wins if the singer finishes in less than that amount of time. In addition to sports events, people can bet on various non-games, such as Bingo and Dead Pool. Card games are also popular and involve betting. Popular card games include Three-Card Brag, Faro, and Texas Hold’em. Some electronic games, like BlackJack, include betting opportunities for specific outcomes.