Wagering types refer to the different ways in which bets can be placed on events, particularly in sports and gambling. Common types include moneyline bets, where you simply pick a winner, and point spread bets, which involve betting on the margin of victory. Other types include over/under bets, where you wager on the total score, and parlay bets, which combine multiple bets into one for a higher payout. Each wagering type has its own rules and strategies, making it essential for bettors to understand them before placing a bet. For instance, futures bets allow you to wager on outcomes that will be decided in the future, while prop bets focus on specific events within a game. Knowing these types can enhance the betting experience and improve chances of winning.