The world of sports betting is intimidating if you aren't familiar with the jargon. You can get by just fine placing straight bets all day, but at some point, you're going to find yourself tempted by a Pleaser or an If-Bet. To make sure you don't get lost in the shuffle at your favorite Web-based sportsbook, here's a collection of the most commonly-placed wager types along with a short description and guide to placing them.
Total bets: Wagering on totals (also called over/under bets) means placing a bet on whether or not the total number of points scored by both sides will be above or lower than the number posted by the book. If you think the total will be higher than the posted number, that's called taking the over. If you think the total will be lower, you're taking the under.
Straight bets: A straight bet, sometimes referred to as a single bet, is as simple as it sounds, a single wager on an event. Straight bets work a little difference among the big four sports – in basketball and football, side bets include a point spread. Here's how to decode a point spread like a pro.
Money lines: The Moneyline is an alternative to the point spread. The easiest way to tell them apart is to think of their focus. Point spreads are all about which side wins AND by how many points. The Moneyline makes bettors concerned only with selecting the winning side.
Parlays: Parlays are popular wagers in the US for a couple of reasons. For starters, some American states regulate the sale of parlay tickets, which amounts to the only thing close to legal American sports gambling outside of the city of Las Vegas. Parlays look complex if you get ahead of yourself and start looking at strategy advice – but really they're very simple.
Teasers: Teasers are like parlay tickets made up entirely of straight bets and totals. Unlike parlays, only basketball and football bets are available on standard teasers. The other big difference between parlays and teasers is that the line you wager against on each leg of the parlay is moved into your favor by the number of points set in the teaser.
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