For example, if you bet $10 on a five-leg parlay that includes: What makes a parlay an attractive option for many bettors is that it is a way to bet a low dollar amount and win a large dollar amount, as your profits get multiplied after each win. If you have a four-leg parlay and only three of those bets win, then you have a losing parlay ticket. For a parlay to win, every “leg” or bet in the parlay needs to win for your bet to cash. Parlay BetsĪ parlay bet is a bet on multiple bets winning. If the final score is Eagles 21, Giants 17, only 38 combined points were scored. For example, in a football game between the Philadelphia Eagles and New York Giants, the point total is set at 45.5 points. These bets are frequently referred to as an over/under bet because you are betting on a total to go over or under.įor a total bet, you are betting on the combined number points scored between both teams. Outside of moneyline and spread bets, the most popular sports bet is point total. In this case, the opposing team would be priced at +7.5, meaning they must either win the game outright or lose by fewer than 7.5 points.

For example, if a team is priced at -7.5, they must win by more than 7.5 points. When betting on a spread, you are betting on a team’s margin of victory rather than the final result.Ī favorite is designated by a minus symbol, while a plus symbol defines an underdog. Point SpreadĪnother common type of bet is a point spread bet. When betting on a team’s moneyline, you are betting on that team to win.įor example, if you like the New York Yankees to win, you would bet on their moneyline. Of all the bet types, the simplest and most common is a moneyline bet. You don’t have to just bet on which team will win the game, you can bet on the margin of victory, the total number of points scored, as well as many different types of bets.īelow, I go through a brief overview on what each type of bet is. One of the things that makes sports betting great is that there are many ways to bet on a game.

Sports bet daily guide