Betting on sports games can be a great way to add excitement to your viewing experience. The most common types of bets are moneylines, spreads, and parlays. However, there are also a number of other betting options available. Prop bets, which are bets on specific outcomes or players, are also popular among sports fans.

These types of bets are based on probabilities, and sportsbooks set their odds and lines based on these probabilities. High probability events will pay out less, while low probability events will pay out more. However, the risk associated with higher probability bets is greater, which means the potential reward is also higher. Some sports betting websites also offer wagers on events other than sports, such as greyhound racing, cockfighting, and reality TV contests.

Another popular type of bet is the “parlay,” which combines multiple bets. If all bets win, you win the entire wager. However, if only one of the bets wins, you lose. Parlays are a great way to protect your bankroll during a bad stretch and to increase your ROI during good spells.

Parlays and round robins are popular types of sports bets. These bets combine two or more teams. In a 3-team round robin, you bet on each team in two 2-team parlays. Most sports bets involve a point spread, which is the number of points a favorite team must win a game in order to cover the point spread. Point spread bets are often offered at 11 to 10 odds. So if you bet $11 on a favorite team, you’ll win a total of $20.

Football betting is a huge industry. The English Premier League is the biggest league in the world, followed by La Liga and Serie A. You can also place bets on the top players in other leagues, such as the NBA or the World Cup. You can also bet on the winner of a major championship.

Moneyline bets are another popular type of bet. Moneyline bets are not subject to point spreads, which make them a more straightforward option. The key to making money in this type of betting is choosing the winning team. You can even make money by betting on the underdog instead of the favorite.

If you’re looking to make consistent money on the long run, unit sizing is key. In general, you should put out $100 for nearly all of your bets. Unit sizing should be one to five percent of your starting bankroll, and is a good way to remain consistent. Besides, it will help you avoid the risk of losing your money on bets that aren’t worth it.

Another way to make money on sports is to place bets on totals. You can use a sportsbook’s projections to make an informed decision. For example, a team with a bad defense will have a higher total. A team with a left-handed pitcher, on the other hand, will have lower totals. Another factor in totals is the weather. A team that plays in colder climates can have a higher total.