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Types of Sports Bets: Straight Bets, Parlays, and Props

Description: Test your knowledge about the different types of sports bets, including straight bets, parlays, and props.
Number of Questions: 15
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Tags: sports sports betting straight bets parlays props
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What is a straight bet in sports betting?

  1. A bet on a single outcome of a sporting event

  2. A bet on multiple outcomes of a sporting event

  3. A bet on the total number of points scored in a sporting event

  4. A bet on the margin of victory in a sporting event


Correct Option: A
Explanation:

A straight bet is the most basic type of sports bet, where you wager on a single outcome of a sporting event, such as the winner of a game or the total number of points scored.

What is a parlay bet in sports betting?

  1. A bet on a single outcome of a sporting event

  2. A bet on multiple outcomes of a sporting event

  3. A bet on the total number of points scored in a sporting event

  4. A bet on the margin of victory in a sporting event


Correct Option: B
Explanation:

A parlay bet is a type of sports bet where you wager on multiple outcomes of a sporting event, such as the winners of multiple games or the total number of points scored in multiple games.

What is a prop bet in sports betting?

  1. A bet on a single outcome of a sporting event

  2. A bet on multiple outcomes of a sporting event

  3. A bet on the total number of points scored in a sporting event

  4. A bet on a specific event or occurrence during a sporting event


Correct Option: D
Explanation:

A prop bet is a type of sports bet where you wager on a specific event or occurrence during a sporting event, such as the number of touchdowns scored by a player or the color of the Gatorade dumped on the winning coach.

Which type of sports bet has the highest potential payout?

  1. Straight bets

  2. Parlays

  3. Props

  4. All of the above


Correct Option: B
Explanation:

Parlays have the highest potential payout because they involve multiple outcomes, which means that the odds are multiplied together. However, parlays are also more difficult to win because all of the outcomes must occur in order for the bet to be successful.

Which type of sports bet has the lowest risk?

  1. Straight bets

  2. Parlays

  3. Props

  4. All of the above


Correct Option: A
Explanation:

Straight bets have the lowest risk because they involve only a single outcome, which means that the odds are lower. However, straight bets also have the lowest potential payout.

What is the difference between a moneyline bet and a spread bet?

  1. A moneyline bet is a bet on the winner of a game, while a spread bet is a bet on the margin of victory

  2. A moneyline bet is a bet on the total number of points scored in a game, while a spread bet is a bet on the margin of victory

  3. A moneyline bet is a bet on the winner of a game, while a spread bet is a bet on the total number of points scored in a game

  4. A moneyline bet is a bet on the margin of victory, while a spread bet is a bet on the total number of points scored in a game


Correct Option: A
Explanation:

A moneyline bet is a bet on the winner of a game, regardless of the margin of victory. A spread bet is a bet on the margin of victory, regardless of the winner of the game.

What is the difference between an over/under bet and a total bet?

  1. An over/under bet is a bet on the total number of points scored in a game, while a total bet is a bet on the margin of victory

  2. An over/under bet is a bet on the winner of a game, while a total bet is a bet on the total number of points scored in a game

  3. An over/under bet is a bet on the margin of victory, while a total bet is a bet on the winner of a game

  4. An over/under bet is a bet on the total number of points scored in a game, while a total bet is a bet on the total number of points scored by both teams


Correct Option: D
Explanation:

An over/under bet is a bet on whether the total number of points scored in a game will be over or under a certain number. A total bet is a bet on the exact number of points that will be scored by both teams in a game.

What is a teaser bet in sports betting?

  1. A bet on a single outcome of a sporting event

  2. A bet on multiple outcomes of a sporting event

  3. A bet on the total number of points scored in a sporting event

  4. A bet where the point spread or total is adjusted in favor of the bettor


Correct Option: D
Explanation:

A teaser bet is a type of sports bet where the point spread or total is adjusted in favor of the bettor, in exchange for a reduced payout.

What is a hedge bet in sports betting?

  1. A bet on a single outcome of a sporting event

  2. A bet on multiple outcomes of a sporting event

  3. A bet on the total number of points scored in a sporting event

  4. A bet that is placed to reduce the risk of losing a previous bet


Correct Option: D
Explanation:

A hedge bet is a type of sports bet that is placed to reduce the risk of losing a previous bet. For example, if you have placed a bet on a team to win a game, you might place a hedge bet on the other team to win, so that you will still win some money if your original bet loses.

What is a futures bet in sports betting?

  1. A bet on a single outcome of a sporting event

  2. A bet on multiple outcomes of a sporting event

  3. A bet on the total number of points scored in a sporting event

  4. A bet on the winner of a future sporting event


Correct Option: D
Explanation:

A futures bet is a type of sports bet where you wager on the winner of a future sporting event, such as the Super Bowl or the World Series.

What is a live bet in sports betting?

  1. A bet on a single outcome of a sporting event

  2. A bet on multiple outcomes of a sporting event

  3. A bet on the total number of points scored in a sporting event

  4. A bet that is placed during a sporting event


Correct Option: D
Explanation:

A live bet is a type of sports bet that is placed during a sporting event, rather than before the event starts.

What is a prop bet in sports betting?

  1. A bet on a single outcome of a sporting event

  2. A bet on multiple outcomes of a sporting event

  3. A bet on the total number of points scored in a sporting event

  4. A bet on a specific event or occurrence during a sporting event


Correct Option: D
Explanation:

A prop bet is a type of sports bet where you wager on a specific event or occurrence during a sporting event, such as the number of touchdowns scored by a player or the color of the Gatorade dumped on the winning coach.

What is a round robin bet in sports betting?

  1. A bet on a single outcome of a sporting event

  2. A bet on multiple outcomes of a sporting event

  3. A bet on the total number of points scored in a sporting event

  4. A series of parlays that are linked together


Correct Option: D
Explanation:

A round robin bet is a series of parlays that are linked together, so that if one parlay loses, the other parlays can still win.

What is a Dutching bet in sports betting?

  1. A bet on a single outcome of a sporting event

  2. A bet on multiple outcomes of a sporting event

  3. A bet on the total number of points scored in a sporting event

  4. A strategy where the bettor places equal bets on all possible outcomes of an event


Correct Option: D
Explanation:

Dutching is a strategy where the bettor places equal bets on all possible outcomes of an event, so that they are guaranteed to make a profit regardless of the outcome.

What is a surebet in sports betting?

  1. A bet on a single outcome of a sporting event

  2. A bet on multiple outcomes of a sporting event

  3. A bet on the total number of points scored in a sporting event

  4. A bet where the bettor is guaranteed to make a profit regardless of the outcome


Correct Option: D
Explanation:

A surebet is a bet where the bettor is guaranteed to make a profit regardless of the outcome, due to differences in odds offered by different bookmakers.

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