When it comes to sports betting, there are a variety of betting options to choose from. For example, you can bet on a favorite or underdog. The odds are generally higher for a favorite than for an underdog. The underdog, on the other hand, has a lower chance of winning, but the return from betting on an underdog is usually higher. Moreover, you can also bet on an even-money team. This is known as a pick.
Prop bets
Prop bets are bets that predict the number of points, runs, or goals scored in a game. They are often more specific than money lines and are usually subject to limits. They are less profitable than money lines but can offer positive expected value.
Pick six
The Pick six is an advanced form of accumulator betting. In this pool game, you are allowed to bet on up to five teams in six different races. If you predict five of the six teams correctly, you will win the prize pool. The prize pool can range anywhere from a few dollars to hundreds of thousands.
Parlays
Parlays in sports betting are a type of betting strategy where you place bets on multiple teams. If all of the teams in the parlay win, the bet will win. While parlays are more complex than straight bets, they are still very beneficial to bettors. However, you should remember to use caution when placing parlays. The payouts are usually lower than straight bets and there is a chance that all of the teams in the parlay will lose.
Over/Under
Over/Under sports betting involves betting on the number of points scored by a team in a particular game. When this number is higher than the number of points scored by the opposing team, you win. The over/under bet is one of the most popular kinds of bets. Over/under wagers tend to win more often than under bets.
Teasers
Teasers are similar to parlays, but with more flexibility. They allow you to adjust the odds on one or more games. Teasers are most often placed on point spreads and totals, and there are multiple ways to adjust the odds. The payouts increase as more games are included in the teaser. However, they come with a higher risk and are not suitable for every bettor.