This article is intended to explain the different types of bets in a simple manner as to not confuse the novice gambler looking for information and bet types. Please continue reading to find out all the different types of bets.
Straight Bet
A straight bet involves one single wager, whether it is on your team to cover the point spread to win the game straight up on the money line, or to go over/under the total at the end of the game.
Parlay
A parlay is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The main benefit of betting a parlay is much better odds than placing single bets separately since the difficulty of hitting is much higher. Standard payoffs on a two-team parlay are 13/5; while a three-teamer pays 6/1 and a four-teamer 10/1. Parlay cards are also common in sportsbooks and popular with bettors. They are released early in the week with set odds that do not change in return for a slightly lower payoff.
Round Robin
Daring bettors who enjoy betting parlays will sometimes put together a series of parlays called a round robin. A three-team round robin consists...
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