A Straight bet is the most common bet, where you pick a single side to win. It could be the team to cover the spread or the game total to go over or under. The format of line will vary depending on the sport that you're betting on.

A Parlay bet is a single wager involving multiple propositions. The bettor must chose the winner of each proposition in order to win the Parlay. Pay-out odds increase as the number of included propositions increases.

A Teaser, like Parlay, involves multiple propositions. When betting a Teaser additional points are either added to the underdog or subtracted from the favorite. Odds are changed in accordance to the number of points the spread is moved and the number of teams combined to form the Teaser.

A Pleaser is similar to a Teaser, only you give, versus receive additional points: additional points are either subtracted from the underdog or added to the favorite (e.g., if the regular line on your selection is -4 and you select a Pleaser, then your line would be -10).

If the first game wins, ties, cancels or is suspended, etc., you have action on the remaining team or teams. An If bet is a combination of 2 - 6 teams.

If the first game wins, ties, cancels or is suspended, etc, you have action on the remaining team or teams. A Reverse is a combination of 2 - 8 selections.

A Proposition bet is a bet offered with conditions and odds determined by an oddsmaker. These bets are usually exotic bets like quarterback will complete the most touchdown passes, which team will score the last points in a game, or which will complete the longest field-goal. Many Prop bets are offered at 11-10 odds, but some will be offered at better or worse odds, depending on the bet.

Futures are single wager on the outcome of an event that will be determined sometime in the future. For example, picking the winner of the NFL championship, the Stanley Cup, or the World Series.

A Round Robin is a series of parlay-type wager built from all possible groups or the specified round robin group size. The selections can be any combination of sides, over/under, money lines, run lines, or puck lines. Currently, up to 9 teams can be grouped by either 2's or 3's. Each round robin series has the "Grouped by" number of teams in it and some series can win and other series loss. Each individual series is graded like a parlay. With 4 selections (A, B, C, D) grouped by 2's then you would have the following groups of 2's: A and B

A line on only the first half, or only the second half scoring of a football or basketball game.

A Total Wager is a bet on the number of points scored in the game by both teams combined. You can bet on whether the actual number of total points scored is over or under the line posted. The total points scored includes points scored in overtime. You can also bet whether the combined number of points or goals scored by the two teams in the game will be over or under the total set by the oddsmaker. For example, if the total is 32 and you believe that the combined points scored by the two teams will exceed that number, you would bet over 32.

The Point Spread is the number of points that the favored team is expected to win by. For example, say the New York Knicks are favored to beat the LA Clippers by a point spread of 7. That means that if you pick the Knicks to win, they have to win by more than 7 points for you to win your bet. If they win by fewer than 7 points or lose the game, you lose your bet. If they win by exactly 7 points (the point spread), the result is a push or tie. That means that you don't win or lose, your original bet is refunded.

The difference between a point spread bet and a money line bet is that there are no points involved. Instead, money odds are wagered on the favorite or underdog. There is a different money line total for either side on a money line bet, a negative side (the favorite) and a positive side (the underdog): Dallas -170 Washington +150 What this means is that Dallas is the favorite and for every $17 you bet on Dallas, you win $10 if they win. For every $10 you bet on Washington, the underdog, you win $15 if they win.

When wagering against the point spread, if you think that the spread is low or high you may wager 11/10 for each point you think the spread or total will go over or under. Buy Points: Buy Points means that you can move the point spread so that you give away less points with the favorite or get more points with the underdog, for both football and basketball. To do this you must pay an extra 10% for each 1/2 point you buy in your favor. For the NFL and NCAA football, you will pay an additional 20% to buy on or off of 3, or 10% to buy on or off of 7 points - also know as Key Points.