Here's a rundown of the most popular bet types at Caesars North Carolina Sportsbook with a brief explanation of how they work:
Moneyline: The most common of all bet types is moneyline betting. A moneyline bet is a wager on which team will win outright, with the payout determined by moneyline odds. The favorite in a moneyline bet will have negative odds while an underdog gets plus odds attached to it.
If the Carolina Panthers are -120 favorites over the Atlanta Falcons, then you'll have to risk $120 in order to net a $100 win. On the other side, if the Falcons sit at +130, then you get $130 on a $100 bet, if Atlanta wins the game outright.
Point Spread: The most popular bet type when it comes to NFL betting is a point spread bet. In the example above, the Panthers would be 2.5-point favorites, which means they must win by at least three points in order to cover the spread. Conversely, the Falcons are 2.5-point underdogs, so they can win outright or lose by two points or less and still pay out a winning bet. Point spreads are accompanied by -110 odds, meaning you must bet $110 to win $100.
Over/Under: An over/under bet, also known as a total, is a wager on the total number of points, runs, or goals scored in a game. If you bet the over, you are predicting that the total will be more than the line provided by the sportsbook, and if you bet the under, you are saying the total will be less than the over/under line. Most over/under bets have -110 odds on each side, but there is no set standard among the leading NFL betting sites.
NFL player props, NBA player props, and MLB player props are a different version of an over/under, where you are betting on if a player will score over or under a specific yard total, point total, or hit total.
Futures: Futures betting allows you to wager on future outcomes. Examples of popular futures odds you can bet on at Caesars Sportsbook North Carolina include Super Bowl odds, World Series odds, NBA championship odds, and Stanley Cup odds. You can also make futures wagers on which team will win their respective division or conference as well as betting markets such as the NFL MVP or NBA Rookie of the Year.
Parlay: Parlay bets combine multiple wagers into a single bet slip. Each individual bet within a parlay is called a leg. In order to win a parlay, each and every leg must win or push. A winning parlay pays out exponentially with each additional leg added to the wager. Parlay bets can feature a combination of moneylines, point spreads, totals, and props bets, and can be drawn not only from different games but also different sports.
One of the most popular bet types is a same game parlay. As the name suggests, a same game parlay combines multiple wagers from a single game. The Caesars online sportsbook, one of the top NBA betting sites, has an intuitive Same Game Parlay Builder for select sports that allows users to quickly create SGPs with ease. Same game parlays are often featured on the promos tab of the Caesars Sportsbook app and site.
Teaser: A common bet type among football and basketball bettors is a teaser. This is a form of parlay betting that enables users to adjust the point spread or total on each game included in the bet.
In an NFL four-leg, 7-point teaser, you can move the spread for each of the four legs. For example, if you made one leg of a teaser the Panthers in a matchup with the Tampa Bay Buccaneers where Carolina is listed as a 7.5-point favorite, they would simply need to win the game as the teaser spread would be just half a point. However, those points come at a cost, with just +200 odds on the four-leg teaser play. Just like parlays, every leg of a teaser must win or push to settle as a win.
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