MONEYLINE BET: A simple bet on which team or player will win the game or match. Odds are provided for each side, indicating the potential payout for a correct prediction.

POINT SPREAD BET: In point spread betting, the sportsbook sets a margin of points by which the favorite team must win or the underdog team must lose. Bettors can choose to wager on the favorite team to win by more than the point spread or the underdog team to lose by less than the spread.

OVER/UNDER (TOTALS) BET: This bet involves predicting whether the total combined score of both teams in a game will be over or under a specific number set by the sportsbook.

PARLAY BET: A parlay is a combination of multiple bets, where all selections must win for the bet to be successful. Parlays offer higher potential payouts but are riskier since all selections must be correct.

TEASER BET: Teasers are similar to parlays, but bettors can adjust the point spreads or totals in their favor for reduced odds. The trade-off is that all selections must still be correct to win.

PROP BETS: Prop bets focus on specific events within a game or match, such as player performances or specific occurrences during the event. These bets add an extra layer of excitement to the betting experience.

FUTURES BET: A futures bet involves wagering on the outcome of a season-long event or championship before it begins. Examples include betting on the winner of a sports league or tournament.

LIVE BETTING: With live betting, bettors can place wagers while a game or match is in progress. Odds change in real-time based on the current score and events within the game.

EACH-WAY BET: Commonly used in horse racing, an each-way bet consists of two equal-sized bets: one on the horse to win and the other on the horse to finish in a specified position (usually second or third).

ROUND ROBIN BET: A round robin bet combines multiple parlays of the same size with different selections. It provides a higher chance of winning while still requiring some correct predictions to secure a payout.