There are several common types of betting that people engage in, including moneyline, point spread, and over/under. The moneyline bet simply involves choosing which team or player will win a game, while the point spread adds a margin of victory that the favored team must exceed for a bet to win. The over/under bet focuses on the total combined score of both teams, allowing bettors to wager on whether the score will be above or below a set number. Another popular betting type is the parlay, which combines multiple bets into one, increasing potential payouts but also the risk of losing. Futures bets allow players to wager on outcomes that will be decided in the future, such as the winner of a championship. Lastly, prop bets focus on specific events within a game, like which player will score first, offering a wide range of betting options for enthusiasts.