Every Sports Bet Type, Explained
Plain-English guides to every wager type offered at Indiana sportsbooks. What the bet does, when to use it, and what mistakes to avoid.
Moneyline Bets
The simplest bet type, pick the team you think will win, straight up.
Read guide →Point Spread Bets
Bet on the margin of victory, the favorite must win by more than the spread; the underdog can lose by less.
Read guide →Over/Under (Total) Bets
Bet whether the combined score will be over or under a number posted by the sportsbook.
Read guide →Parlay Bets
Combine multiple wagers into one ticket, all legs must hit, but payouts multiply. The single largest wager category in Indiana at 31.2% of April 2026 handle.
Read guide →Same-Game Parlays (SGPs)
Combine multiple bets from the same game into one ticket, built-in correlation adjustments apply.
Read guide →Futures Bets
Long-term bets on outcomes that resolve at the end of a season or tournament.
Read guide →Live (In-Play) Betting
Wager on games while they're happening, lines update in real time as the game unfolds.
Read guide →Prop Bets
Wagers on individual events within a game, player stats, team stats, or specific occurrences.
Read guide →