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Gambling Explained

Jan 15, 2021 Sports betting is a rapidly growing industry in the United States, particularly after a 2018 ruling by the Supreme Court that opened the door to legalized operations on a state-by-state basis. Defining the most common gambling phrases used in sports betting. Sports betting (aka sports gambling) is about to become more prevalent, following the.

Sports betting is one of the most popular ways to gamble in the world, and there are a number of different ways in which you can participate. If you enjoy or follow a sport, chances are there are numerous betting odds available for that sport at an online sportsbook, especially if it's a popular league. With each passing year, the availability of betting odds continues to open up to people all over the world thanks to online sportsbooks. Of course, there’s a lot more to placing sports wagers than simply knowing that betting odds are out there.

This is why we’ve put this little sports betting primer together. Here at, we want to explain the different betting odds that you will come across when trying to seek out the different sports, leagues, games, and players you are most interested in. It's not too complicated, but a basic understanding of what you’re looking at is essential when it comes to placing your chosen wagers. Just below, we will go down the list of the basic types of betting odds that are readily available, so you’ll know exactly what you’re looking at regardless of which online sportsbook you use.

Different Types of Odds For Wagering On Sports

Directly below we have broken down the basic types of odds and betting lines that you are likely to encounter when gambling at a sportsbook. All wagers fall into one of these categories, which we explain in detail. Chances are that you’ve already heard these terms or are passingly familiar with these odds types, but in case you aren’t, we’ve got explanations and examples to help you out.

Main Betting Lines:

Sometimes called “game odds,” the main betting lines you’ll come across at any reputable USA online sportsbook comprise three different wager types, and they’re almost always published together, in a line. This is what sports bettors refer to when they talk about a betting line on a given contest, although sometimes they use this term to discuss individual wager types within the betting line. The three wager varieties that comprise main betting lines are the point spread, the straight moneyline, and the over/under (and they’re usually listed in this order).

The Point Spread

The point spread is the most mainstream wager type, primarily because of its popular media usage in NFL and NCAA football. Chances are good that you’ve heard – or asked! – what the spread is for a given game. If you aren’t sure exactly what that means, a point spread is simply a way for bookmakers to handicap a contest by “taking” points from the presumed better team and “giving” those points to the underdog. A typical NFL point spread bet will look something like this:

  • Green Bay Packers -7.5 (-110) at Minnesota Vikings +7.5 (-110)

Here, the Packers are favorites, which are always denoted by a negative spread number. Here, they are 7.5-point favorites. Conversely, the Vikings, with a positive spread number, are 7.5-point underdogs. This means that a wager for Green Bay to “cover the spread” means that the Packers have to beat Minnesota by at least 8 points to make the bet a winner. Similarly, the Vikes can lose by up to 7 points and still win the wager. The moneyline is shown in parentheses, and this represents the “price tag” for the bet (i.e. how much you must risk to get a given payout).

The Straight Moneyline

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While a moneyline is included with every American sports wager type as the bet’s price tag, it’s also the basis for the straight moneyline – or straight up – bet. With straight moneyline betting, you are simply picking which team you think will win outright, and the moneyline shows the financial terms of the bet. With straight moneyline wagering, the favorite is always going to have a negative moneyline, while the underdog almost always has a positive moneyline. (There are rare cases in very tight matchups where both teams will have negative moneylines, though the team with the number closer to zero is always going to be the underdog in these cases.) An example of an NBA straight moneyline wager is shown below:

  • Los Angeles Lakers +255 at Boston Celtics -175

In this game, the Lakers are underdogs while the Celtics are favorites. A positive moneyline number shows how much money you stand to win on a $100 wager, and a negative moneyline number shows how much money you have to risk in order to win $100. This is true for all moneylines, regardless of bet type. The only difference with straight betting is that the moneyline also shows which club is favored by the sportsbook. In the above example, a $100 bet on LA to win would net $255, while a $175 bet on Boston to win would earn you $100.

The Total or Over/Under

The total is the third and final common bet type included in game lines, and it is not concerned with winners and losers. Instead, totals bets are only concerned with the combined total points scored between both teams. A bookmaker will post a total number for every game, and your task is to simply choose whether the two teams will combine to go over that number or under that number. This is why totals betting is also called over/under betting, and it is denoted with an “O/U” at most sports betting sites. For example, an MLB totals wager might look like this:

  • Los Angeles Dodgers at Philadelphia Phillies O/U 8.5 (-110)

Here, the sportsbook has set the over/under at 8.5 runs. If you take the over, and the game ends in a final score of 6-3, you’d win the bet, since 9 is more than 8.5. However, if you take the under, you’d lose the bet. The moneyline in parentheses shows that the cost for either side of this wager is the same: You must risk $110 to win $100. The remainder goes to the sportsbook as the house take, or vigorish.

Parlay Betting

Parlay betting is when you make moves to increase your returns by increasing risk. Basically, parlay betting involves tying multiple wagers together. Each part of the wager is called a leg. Let’s take the football season as an example. You’re sitting at home, and you’re pretty sure that the Pittsburgh Steelers are going to defeat the New England Patriots, and you’re also pretty sure that the Arizona Cardinals are going to beat the Tampa Bay Buccaneers. You can bet on them separately, and win money that way, or, you could combine them into one bet – betting on both the Steelers and the Cardinals to win – in exchange for a larger return. The downside, of course, is if only one of the teams wins, you don’t get anything.

That example is of a two-leg parlay but there is not really a limit to the number of legs you can put on a parlay unless the online sportsbook specifies. Parlays are fun, but as far as concerted gambling strategy goes, the jury is still out. There are certain players who have made a lot of money betting on parlays, but there are many who have not. It is worth pointing out that it can be valuable to lay money on straight bets on the various legs of your parlay, to hedge against one leg failing.

Teasers And Pleasers:

Once you understand the concepts of a parlay, there are some advanced parlays that sportsbooks offer known as teasers and pleasers. Teasers are the more popular and common of the two, so we will start there. A teaser is a parlay that has adjusted betting lines in favor of the bettor. Usually, this comes in the form of the point spread or point total adjustments. The bettor chooses whichever lines they want to include in their teaser, and then chooses how much they want to tease the line by. The more points you tease in your favor, the more your payout odds decrease. The most common teaser range is usually 6 points, so we will use that in our example.

Say you have three football games you want to bet on and want to turn them into a teaser. The bets you like are Seahawks -7, Panthers +3, and Jets/Bills over 50 points. A six-point teaser on those bets would move the lines to Seahawks -1, Panthers +9, and over 44 points. You can see how the teaser helps the bettor by giving them much more wiggle room, at the cost of reduced odds. The odds for a three-team 6-point teaser like the example would be around +200, whereas a straight-up parlay would be around +800. Pleasers are the same concept as teasers, in the opposite direction.

With pleasers, you are giving away points to the bookie in favor of increased odds. Our example in a six-point pleaser would be Seahawks -13, Panthers -2, and over 56 points, with a payout of around +2000. While teasers are usually less risky than a standard parlay, pleasers are certainly more of a risk. As with any parlay, remember that all the legs have to hit in order to win.

Futures Odds:

Futures odds are betting lines formed for an outcome that is usually some time out from the time you place your bet. Futures can be found in almost every sport, and the most common ones include a team’s odds to win the Super Bowl or the World Series. Usually, futures are first posted months, or even close to a year, before the given event is set to begin. As a rule, the earlier you place a futures bet, the better the payout will be.

For example, in the 2021 NCAA football season, you might see football futures posted months before the season starts. Let’s say the Alabama Crimson Tide are the pre-season favorites to win the College Football Playoff National Championship. As such, they might have futures odds of +300 or so, while the next team on the list trends at +500. If you place your wager on Bama before the season starts, you can get a nice payout. However, once the season is underway, if Alabama really pulls away as the best team in the nation, those futures odds could shrink significantly as the postseason approaches. If you place your bet on the Tide with only a few games to go before the CFP, you might get far more expensive odds in the neighborhood of -150 or more. Futures odds are all about timing, but as with most sports bets, if you see a line you like, you want to place your bet ASAP.

General Prop Betting

These types of odds tend to fall into a more general category. In this category, you have a lot of yes or no questions that you can place wagers on. This category encompasses bets like “Will Lizzo Wear A Thong To The Super Bowl?” and “Which Car Manufacturer Will Win This NASCAR Race?” The odds on questions like this are handicapped by the sportsbooks and then given form on their websites. These odds are generally fun - a lot of them crop up around Super Bowl time to draw in new players - and interesting betting opportunities. There are usually several of these on any major sporting event.

Player Propositions:


These are excellent types of bets - the kind of bets a lot of people think about when they think about sports betting. It's pretty likely that you know what these kinds of bets are - you bet on James Harden to score more or less than 30 points in a game, or Alexander Ovechkin to score a goal, or Patrick Mahomes to throw for more than two touchdowns. Prop bets also include yes/no bets, which can be on anything from the gameplay to the pageantry surrounding the game. For example, during the Super Bowl, you could bet on whether or not J-Lo would have butt cleavage, just the same way you could bet the over or under on Tyreek Hill's third-quarter yardage. Some sportsbooks will let you adjust the total you're betting on and receive different odds for it, within reason. All told, player prop bets are some of the most fun you can have in sports betting and are also a good tool to convert your knowledge into winnings.

Team Propositions:

Team propositions are just like player props, except that they deal with team-based single-game performances. The most common team props you’ll come across will be on things like how many yards the offense will rack up, how many turnovers the defense will force, how many hits a club will get, how many fast-break points a team will score, and more. Like player props, most team props are of the over/under or yes/no variety, and they come with moneylines around -110. And, of course, the bigger the matchup, the more team props there are. The Super Bowl is the single sporting event with the most prop wagers posted year in and year out, with the game typically yielding about 400 different prop bets.

Live Betting Odds:

Live betting is a unique way to wager that’s quickly becoming the most popular betting phenomenon at both land-based and online US sportsbooks. Live betting, aka in-game betting, allows bettors to place wagers live, during the actual action of a given game. These real-time odds are posted every few seconds, changing to reflect the pace and trends of the game as its played in real-time.

Most live betting opportunities focus on the main line wager types above, though prop bets can also sometimes be adjusted as a game goes on. As such, there are many good reasons to enjoy live betting, not the least of which is the simple fact that being able to wager on a play-by-play basis is just an immersive, fun experience. From a financial perspective, though, it can also present several opportunities to bettors looking after their bottom lines. For example, if you make a traditional pre-game bet that goes sideways in a hurry, you can use live betting to mitigate or even cancel out your losses. The other side of that coin, of course, is that live betting gives you a chance to double down on a good bet, padding your bankroll more than a simple pre-game wager would.

Live betting is available via mobile and at your site’s standard desktop book, so you can access this type of betting no matter where you are. On average, in-game wagering gives you several hundreds of individual, distinct betting opportunities for every featured game, boosting your daily chances to win by thousands of wagers across the board. Most sportsbooks will even give you a risk-free wager bonus when you make your very first live wager, so you can see if this type of sports betting is for you with zero risk attached!

Best Sportsbooks For A Variety of Betting Odds

In reality, every quality online sportsbook should feature all of the types of odds we mentioned above, and if they don't, you need a new one. Below, we’ve listed our favorite sportsbooks that offer all of the above (and more!). It's easy to get stuck in a rut betting the same lines over and over and over again, but you can avoid that when wagering with our top choices for the best USA online sportsbooks. Variety, after all, is the spice of sports betting!
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BetOnline is a world-class sportsbook that’s been in business since the beginning of Internet sports wagering itself. While most users already use BetOnline’s world-class mobile interface for all their sports betting needs, where this arrangement really pays off is with live betting. BetOnline was one of the very first books on the planet to offer live, in-game betting over the Internet, and they’ve been blazing that trail ever since. Just sign up, deposit via any method you like (we prefer Bitcoin or other cryptocurrencies like Litecoin, Ethereum, DASH, Bitcoin Cash, etc.), and browse the live boards to see lines change in real-time. When you see a number you like, just tap, swipe, submit, and win!

New members who join BetOnline can claim a variety of bonuses, but if live betting’s your game – or if you simply want to see what all the fuss is about without risking any of your own money – you can get their risk-free $25 free-play on your first ever live wager. If you win, that’s free money, and if you lose, simply email customer service within 24 hours and you’ll get a $25 credit added to your bankroll.

MyBookie Sportsbook: - The Best New Sportsbook For Live Betting Action!
MyBookie is comparatively new, having just launched in 2014. However, they haven’t been resting on their laurels, and they’re already regarded as one of the very best sportsbooks out there. MyBookie is especially unique in the way it’s tailored specifically to US-based players and US sports betting interests. They accept members from all 50 states, and they only post lines on the major US leagues. While this means that international sports fans would be better served by another sportsbook, if you’re only interested in NFL, NCAA, NBA, MLB, NHL, and MMA action, MyBookie has some of the most competitive lines available for these sports.

MyBookie spared no expense in designing their gambling interface, and that makes live betting at the site easy and enjoyable. The odds boards are easy to browse, and every update is posted in a timely manner, with auto-refreshes ensuring that every number you see is active and current. Though MyBookie doesn’t offer any specific live betting perks at this time, their 50% sportsbook welcome bonus (promo code MYB50) is good for up to $1000 in free-plays. Alternatively, you can get a $20 risk-free wager on your very first bet with the service, which is good for live bets and pre-game bets alike.

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A teaser is another type of wager available to bet on sports. A Teaser is not a straight bet, but is more similar to a parlay, but comes with much different odds and odds of winning. Often under-utilized, the teaser can be a valued weapon in a bettor’s arsenal if they know how to use them correctly. These types of wagers allow for multiple selections or “legs” to make up one all-encompassing bet, but give the bettor a little more freedom with some help on the betting lines. Keep reading more below as we will explain further in-depth and help you understand how betting odds work when it comes to making a teaser bet

Crash Gambling Explained

What Is A Teaser Bet

What Do Betting Odds Mean

A teaser is akin to a parlay placed on a number of games, but the difference is that points are adjusted in order to help you. As you put together your selections onto your betting slip, instead of needing the lines as they are to hit, they will move a handful of points to make it more attainable. Of course, with this adjustment, the odds to win increase but that also means that you would not win the same amount that could be expected if you left it as a normal parlay. Like a parlay though, all of your selections must be correct and any one “leg” that was incorrectly chosen will result in a losing teaser wager.

Why Bet On Teasers

Teasers can be advantageous to bettors that are fond of using parlays, but are not comfortable with the particular spreads or totals that have been set within a desired game.

A teaser allows the line to be shifted for these parlay-type wagers so that the percentage of winning them goes up in theory. As such, it makes them easier to win, unlike the opposite of a teaser, which is a pleaser. A pleaser takes points away making it more difficult to win the line by increasing the spread. But then the payout is much higher. For more information on pleasers, please visit the preceding link.

Example Of How A Teasers Work

Say you want to take an NFL teaser on two games. The Green Bay Packers are favored by (-6) over the Detroit Lions, and the New England Patriots are (-3) favorites over the Baltimore Ravens. Those are the established betting lines for the two matchups by oddsmakers and you could take them just as they are (which is a parlay). But if you decide you want to take a teaser – let's use a six-point teaser as an example – the betting line is adjusted in your favor depending on which side of the betting line you want to bet.

So, say you like Green Bay and New England in this example. With a teaser, the betting lines will move so that the Patriots are now 3-point underdogs to Baltimore, and the Packers are now a pick'em against Detroit. Since the lines have moved, the payout is going to be less than leaving it as a parlay, but your odds of winning go up as it becomes much easier.

Other Types Of Teasers - Sweetheart Teasers

Another type of teaser bet that not all gamblers know about is the sweetheart teaser. Sweetheart teasers are a special type of teaser bet that rewards players who understand point spreads better than the average gambler. Available at some sportsbooks, especially those that cater to the US market, so-called sweetheart teasers exist that give the gambler even more points to play around with (anywhere from 10 or 13) but there is a catch. Sweetheart teasers require that you pick at least four to six teams. Pushes on sweetheart teasers make your entire bet a losing proposition.

Bovada Sportsbook - Best Sports Betting Site For Teaser Bets

Teaser bets are always fun and Bovada knows that which is why most players sign up for Bovada accounts. Getting a chance to place a teaser bet on Bovada is one of the huge plusses that players check out. This is where all the guys go and make money on bets that are favored for them. The line moves and looks much better for players with an account with Bovada. The teaser bets are put together by the player and it is customized by them. This is plenty of reason to get an account with Bovada

SportsBetting's Sportsbook - Tons Of Teaser Options With Adjustable Lines

SportsBetting has more than enough betting odds and options for players. The teaser options are here as well and this may be one of the more exciting betting options for players to pick and use. These teaser bets are more made by the players so this is where the player really feel confident in the bet they make on these teams as the lines can be moved. Moving points will happen with teaser bets and this is what intrigues SportsBetting account holders.

BetOnline Sportsbook - Best Sportsbook Bonuses And Promotions For Teaser Bets

A lot of games that are played are on BetOnline sportsbook. The age requirement for players to sign up is 18 and older. All it takes is for a player to be that age and they can have an account and place these teaser bets that are offered. These teaser bets are here for players to choose and it is for any sport and for all fans. There will always be bonuses as well so this means that they will be more money and free plays offerd to players. The teaser bets are at the top of the list for all players. Being able to see the points move in your favor is a massive bonus and that could happen on BetOnline.

MyBookie Sportsbook - Teaser Bets Here On MyBookie

Gambling Spread Explained

It is ok to know that more money will be in your account if you take a few teaser bets on MyBookie. There are plenty of betting options but here on MyBookie, there is nothing wrong with players taking teasers bets. In fact, taking teaser bets could be as profitable as any other betting option like live betting on mobile betting. The moving of points is one thing that sticks out and usually, this is why players like to place teaser bets. This is just one way that players get win a lot of money on MyBookie.

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