Regardless of whether you are betting on sports online or in person, there are several different types of bets you can place. Understanding the various types will help you make better informed decisions on your wagers.

The most basic type of bet is a moneyline. This bet consists of betting on a team to win a contest. Depending on the odds the team is offered, the payout may be a fraction of a point or more.

Another popular form of bet is a parlay. A parlay consists of multiple wagers in one bet. The bettor must win all of the bets in order to receive the payout. The parlay can be a round robin or a series of two or three 2-team parlays.

Another common bet is an over/under bet. This bet is placed on the total score of a game. This is commonly found on Sundays when the NFL is in action.

In addition to betting on a game, bettors can also bet on the outcome of an in-state college game. In the past, Illinois and Iowa have prohibited wagering on in-state college teams.

The best sports betting sites offer a variety of sports markets. You can also choose to bet on tournaments or specific events. The most popular sports in the United States are football and basketball.

Aside from these, you can also bet on auto racing, golf, and other championships. Some online sportsbooks allow you to wager on soccer leagues around the world. The site’s homepage displays upcoming games for that league.