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Point Spread
A bet that involves giving or taking points to even the odds between teams.
If the Lakers are -5.5, they must win by at least 6 points for the bet to win.
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Moneyline
A bet on which team or player will win outright, without considering the point spread.
Parlay Bet
A single wager that combines multiple bets, all of which must win for the bet to pay out.
Over/Under (Totals)
A bet on whether the total points scored in a game will be over or under a specified number.