Sportsbooks: Types of Bets, Types of Odds, Terminology & more


There are many different types of bets available to the sports bettor. Within each type are many variations. The most common types are very straightforward. If you are a true beginner, it will take a little time to become fully comfortable with the concepts, terms, and symbols used. Never rush into a bet you don't understand completely.

When it come to odds, they're expressed in three ways: American, fractional, and decimal. These are just three different ways of saying the same thing. It pays to take the time to understand each of these three ways of expressing odds because, as you look around for the best odds, you will see them expressed in all three of these ways.

Sportsbook Resources