Here are some of the types
of online bets offered, and a brief definition
of each:
Futures: Wagers
made on future events, such as the winner of
a tournament, or outcome of an entire season.
If-bet: A
set of two wagers, where the second bet is only
active if the first bet wins (or sometimes wins
or ties).
In-line bet: Wagers made after
the event has already started.
Halves, Periods, or
Quarters: Sides or totals wagers placed
on one "section" (half, quarter, or
period of the game).
Money line:
The standard bet. You pick who will win the
game.
Parlay: You
make two or more wagers. You win if and only
if all of the individual wagers that make up
the parlay win. Generally, the more individual
wagers included in the parlay, the higher the
payout.
Props: A bet
that is "propositioned" and does not
necessarily fall in any of the other categories.
Points (buying or selling):
A modification of another type of wager where
a player either pays less favorable odds for
moving the the spread in his favor or gets more
favorable odds for moving the spread against
him.
Round robin:
A combination of parlay wagers, where you bet
all possible parlays for a particular number
of teams.
Reverse: Like
an If-bet except that in the set of two wagers,
both bets are active if any one of the bets
wins.
Side: You
decide which team will win the game, including
a point spread in your wager.
Teaser: Like
a parlay, except that the line is adjusted a
certain number of points on each one in your
favor.
Total: A wager
on whether the total number of points scored
by both teams is over or under a particular
number.
