- Total (Under/ Over)
The total bet is known as a wager which sheds light on how many points get scored, no matter who is the winner of the game. After the overall point score is done setting, bettors are likely to wager on whether the game’s actual score will be under or over the point score set.
For instance, say the total for the baseball game between Yankees vs Red Sox is six. When you try and bet on the over to see the ultimate score is Red Sox – 2 and Yankees – 5, you win. If the Yankees are the winner with 4-2, then the combined score will be equal to the total. For the wager, it will be a push.
The total bet tends to provide odds in -105 and -120 or anything beyond in between.
The parlay is known as moneyline/ spreads or total bets that are combined into a bet to boost the payout odds. If each separate bet wins, the parlay will win.
Many sportsbooks base the parlay payout on the true odd, which makes each game’s odds.
Also, many sportsbooks let players parlay from 12 to 15 teams at the same time. For example, exact payouts for wagers are at -110 odds, where the 110 USD bet wins you 100 USD.
For instance, if you bet 50 USD on the three-team parlay that the odds for wagers are -110, then you will stand to win 297.9 USD (50 USD x 5.958/1).
Different sportsbooks come with varying rules on parlays, yet often if there is one push, then the parlay may drop down a team as well as being calculated from there. In other words, if a wager in one three-team parlay finishes in one push, with the win of the other two, you win at two-team odds.