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.