Types of Sports Betting


When it comes to sports betting, it is important to understand the different types of wagers. Proposition bets are bets on specific outcomes, such as how many goals a team will score in an association football game or how many yards a team will gain in an American football game. Other examples include betting on how many times a certain baseball player will hit a batter. Parlays involve multiple bets, which reward you if all your bets win. A parlay requires at least two different bets and as many as the bookmaker will allow.

Parlays are similar to teasers, but they pay out more than a straight bet does. Parlays are also more difficult to hit than single wagers, but if you win a parlay, you’ll be rewarded with a higher payout. Teasers, on the other hand, pay out less than a parlay, so you should always shop the lines before you place a bet on a teaser.

In a matchup between two teams with similar point spreads, the final result is a push. A push is when a favorite loses by the same margin as the point spread. In this case, the bettors who bet on a Ravens’ win get their money back. A push is also called a “voided bet” by online sportsbooks. A “hook” is a half-point that can swing a betting outcome.