The basic idea behind sportsbetting is putting money behind an outcome of your choice and getting paid if that outcome occurs. There are many different types of bets and betting options, but the most important thing to remember is that the higher the risk, the greater the reward.

The first type of bet is a straight bet on the winner of the game or event. You can make this bet by clicking on the bet line of your choice, which will show all available wagers and their payouts. Straight bets are easy to place and don’t require a lot of understanding or research.

Next up is the point spread, which attempts to even the playing field between two unbalanced teams. This is done by adding points or goals to the final score of the underdog and subtracting them from the final score of the favorite. This can dramatically increase the payouts of a spread bet, but it’s still important to understand how these lines are created before placing a bet.

Finally, there are totals, also known as over/under bets. This type of bet is based on the total number of points, runs, or goals scored in the game. You can bet on whether the final score will go over or under a specific number, and you can also bet for half-way scores and for the entire game.

Last but not least, there are prop bets, which are bets on things that will happen during the game or event. These bets are often difficult to analyze, but they can pay out huge amounts if you hit them. Examples of prop bets include a “favorite” and an “underdog,” which are teams expected to win or lose; a “quinella,” which calls for the first two finishers in exact order; a “trifecta box” which requires picking the first three finishers in any order; and a “superfecta,” which requires picking all six winning horses in a race.