Sports betting is a type of gambling in which you place a bet on the outcome of a sporting event. If your prediction of the result is correct, you win a fixed amount of money. Regardless of your goal, betting on sports is a risky endeavour that should be limited to amounts that you can afford to lose.

There are several types of bets available in the world of sports betting. The most common are moneylines, spreads and parlays. Moneylines are based on the implied probability of a specific result, such as one team winning over another, with lower-risk moneylines paying smaller returns and higher-risk bets offering bigger returns.

Another popular bet is the totals bet, which focuses on how many runs, goals or points will be scored during a game. Oddsmakers set the total number of points they expect a game to produce, and you can bet Over or Under that figure.

Lastly, there are prop bets, or special bets, which allow you to have a vested interest in more specific events such as how many yards a player will gain or if they will score a touchdown. Prop bets are often the most profitable in the long run, but they require a higher level of knowledge to make than other bets.

In addition to the types of bets discussed above, there are also round robins, which combine multiple bets into a single ticket and can have bigger payouts if you are right. For this reason, they are more complex to place and are typically reserved for more experienced bettors.