Sportsbetting is a form of betting in which a bettor wagers on the outcome of athletic contests. Bets can be on a team or individual player or a combination of both. The odds are set by bookmakers based on probability and the likelihood of a particular outcome.

The most common type of bet is the moneyline. A moneyline bet is simply a bet on the winner of a game. As long as the winnings are greater than the bet, the bettor wins.

Another popular type of bet is the point spread. With a point spread, the bettor bets that the team will win by a certain amount of points. For example, the Washington Commanders are four-point favorites to beat the Jacksonville Jaguars in Week 1.

In-play sports betting is a different version of the same concept. It involves making multiple bets during a single match. This includes the number of goals scored in the first half, the name of the goal scorers and yellow cards during the game.

A futures bet is another option. When placing a futures bet, a bettor bets on a team or individual’s likelihood of winning a championship. Some sportsbooks also offer futures on unusual propositions, such as a particular baseball player hitting the most home runs during the regular season.

Parlay bets are more complicated to hit than a single bet. If a bettor picks three consecutive winners, for instance, they are referred to as a “trifecta.” They are grouped together in a parlay bet.