Leading New York online sportsbooks offer hundreds of betting options on the NFL, NBA, MLB, and NHL. You will also find a wide array of bet types on collegiate sports as well.
These are the main betting types available at New York online sportsbooks:
Spread
Betting the spread is the most common bet type on football and basketball games. NY sportsbooks will give the team they believe is strongest in a specific contest a points handicap. You can then bet on which team will cover the resulting point spread.
For example, you could bet on the New York Knicks -6.5 against the Brooklyn Nets at -110 odds, or the Nets +6.5 at -110 odds.
Over/Under Total
NY betting sites will set a total points line, also known as an over/under, on football and basketball games, a total goals line on hockey and soccer games, a total runs line on baseball games, and so on. You just bet on whether the cumulative points, runs or goals will stay under that line or go over it.
For example, you could bet on the over 42.5 points in a New York Giants vs. Philadelphia Eagles game or under 42.5 points, both with -110 odds.
Moneyline
This is a simple bet on the result of a sporting event, such as the winner of a football game, a tennis match, or an MMA fight. The NY online sportsbooks will offer moneyline odds on each outcome, based on the likelihood of it happening, and the odds tell you the possible winnings you stand to earn.
For example, you might find moneyline odds of -150 on the New York Yankees to beat the Red Sox, and +140 odds on the Red Sox to win the game. This means you need to risk $150 to win $100 in order to bet on a Yankees' victory.
Prop Bets
Proposition bets focus on whether something will occur within a game. Prop bets do not normally relate to the final result. Game props include the inning of the first score in a baseball game, the first team to 20 points in an NBA game or if both teams will score in a soccer game. Common player props include the number of yards a QB will throw for, if a basketball player to put up a triple-double or whether a baseball player will hit a home run.
Futures
New York sportsbooks allow you to place long-term wagers on most sports. They are called futures bets, and they do not depend upon the outcome of a single game. Examples include the Yankees to win the World Series, the Giants odds to win the Super Bowl and Nets to win the NBA Finals.
Parlays
NY betting sites provide the opportunity to combine multiple picks into a single bet, which is known as a parlay. For example, you could bet on the Knicks, Nets, Mets, Yankees, Islanders and Rangers all to win on a particular day. All six would need to net victories for the bet to win. If a single team loses, then the bet is graded as a loss. If you hit all six legs, you will earn a large payout, as the overall profit in a parlay compounds with each additional leg.
Teasers
A teaser is similar to a parlay, but it features alternative point spreads or total points markets. You move the lines in your favor to boost your chances of success, in exchange for a lower potential payout.
For example, a four-team NBA parlay on the Celtics -4.5, Warriors -2, Heat -8.5 and Suns -6 pays +1228. With a teaser, you could move the lines by 4 points each, meaning you bet on the Celtics -0.5, Warriors +2, Heat -4.5 and Suns -2 at +290 odds.
Live Betting
The best NY betting sites provide a wide choice of betting markets on a game after it is underway. You can continue betting in-play on the spread, moneyline, total and props until the closing stages of the game. This is known as live betting.