Betting on a sporting event involves making a wager on whether a certain statement is true or false. People also place bets on the winner of a race, a game, or a series of matches. While moneyline bets are a popular type of wager, futures and teasers involve a more long-term focus. In futures, you can place a bet on whether a certain team will win a championship or a division.

In the United Kingdom, millions of people participate in football pools each week. The game is similar to a stock market, with each bettor acting as his or her own bookmaker. Spread betting is another type of wagering, allowing gamblers to place bets on a specific outcome based on the accuracy of their prediction. In addition, spread betting can be based on minute-long, point-time, or even hour-long time periods.

Spread betting combines several types of bets and involves placing a bet on more than one outcome. Many sports betting exchanges allow consumers to back and lay a selection at odds of their choice. A parlay bet is a series of bets placed on the outcome of a single event. A parlay bet groups several different bets together to form a wager. It involves placing a wager on a single game or a series of events, such as an ice hockey tournament.