Betting Online may be the word today, butnot everyone is acquainted with all the keywords and the type of bets one canplace online. Online Betting is done through Sportsbooks (US) or Bookmakers(UK) sites that accept bets. You can bet on the outcome of several sportingevents, such as; Baseball, Basketball, Football, Tennis, Hockey, Snooker andSoccer games. To start with you need to state what you are betting on by makinga selection, the type of bet and the amount you are wagering. Differentbookmakers offer different betting varieties and combinations. Some commontypes of bets which any avid player must be aware of are: Straight bet or SingleThis is the simplest and most common bet. You bet on a winner at given odds.Point SpreadThe Point Spread is the number of pointsallocated and is shown with a + sign for the favorite and a – sign for theunderdog. The favorite has to win by more than the Point Spread for you to win,otherwise you lose your bet even if the team wins.

The Money LineThe money line establishes the odds for each team and is indicated by a + forthe underdog and a – sign for the favorite.

TotalA bet for the number of points scored in the game by both teams combined,including points scored in overtime.Over/UnderA bet that the combined number of points scored by the two teams in the gamewill be Over or Under the total set by the oddsmaker.Parlay or AccumulatorThis is an example of a multiple bet. It lets you make simultaneous selectionson two or more games with the intent of pressing the winnings of the first winon the bet of the following game selected, and so on. All the selections mademust win for you to win the parlay. A parlay bet can yield huge dividends ifwon.TeaserIt is like a parlay, but with the option to add or subtract points (called’moving the line’) from one or more Spread bets. When betting a teaseradditional points are either added to the underdog or subtracted from thefavorite. However, teasers odds are usually worse than the parlays.If-wager and Open-wagerIf-wager allows the bettor to make a second wager, up to an equal amount, pendinga win on the first selection, where as open wagers allow the bettor to playteasers or parlays making a selection at different times and even differentdays.FutureThis is a bet on a future event. At the start of each season, the sportsbooksgive out odds for teams to win a certain championship. The odds change as thegame date approaches and in most cases get shorter, but if you win you get paidat the original odds that you took. This is possibly one of the most profitablebets if you are the one confident about your knowledge of the sports and theplayers you are betting on.Exotic BetsSometimes, betting is allowed on a wide variety of other sports related eventsand activities or just about anything you can think of.