In betting on sports events, the first thing you should know is the point spread. This is the first point spread available on the game and is the same line the sportsbook will use until the game begins. Often times, this line is lower than the usual opening and closing line, which means that the sportsbook expects the favorite to win by a wide margin.

Exotic bets

Sportsbook exotic bets are a great way to increase your odds of winning big. They’re often more complex than standard bets, but the payoffs can be huge. These bets include things like exacta bets, wheel bets, pick-3s, and trifectas.

While these types of bets are usually less popular than other types, they’re still attractive options when the odds are right. For instance, in one recent World Series, the St. Louis Cardinals were listed as 999-1 favorites to win. Despite their low odds, they went 11-4 in their final 15 games to win the World Series.

Line bets

Line bets are placed at sportsbooks for a variety of reasons. One common reason is to make money. Sportsbooks use lines to create a competitive betting environment. When a game is hot, a higher line may be more appealing. However, lines are also subject to change. This means that your winnings may be affected if a team suffers a significant injury or changes to the lineup.

The best way to make the most money on your bet is to shop around. Some sportsbooks have different lines, so it’s vital to check several sportsbooks before placing a wager. You also want to check out the sportsbooks’ promotions, which may affect the odds of the game.

Parlay bets

Parlay bets are a great way to maximize profits when betting on multiple games. They are more difficult to win than straight bets but can prove lucrative for bettors who know what they’re doing. Parlay bets are best used on games with three or more teams. However, betting on just one game can also produce huge payouts if you choose the right teams.

To create a winning parlay, first select two or more selections, then click on the parlay option on the right side of the screen.

Betting exchanges

Betting exchanges for sportsbooks are a great way to place bets and get the best possible odds. They function much like traditional sportsbooks, but without the in-house odds-making staff. Betting exchanges typically charge a small commission on winning bets, usually between two and three percent. Some offer free accounts, too, if you want to try them out.

PointsBet, for example, has plenty of features for sports bettors. The website also offers a live chat feature, allowing customers to ask questions and get assistance. The waiting queue varies between five and ten users during off-peak hours, and as many as 30 during busy times. Often, a customer can speed up the process by entering his or her username and date of birth.