Putting money behind an outcome and getting paid if it is achieved is the heart of sports betting. There are many different types of bets, but the most common are moneyline and spread bets. When bettors combine multiple outcomes into a single bet, it is known as a parlay.
Sportsbooks set their own lines for each game and these are called official odds. However, the line that is listed at the time of bet placement may not be the same as the one that is posted when the game begins. This is because lines change constantly.
In addition to the traditional wagers on a team’s winning or losing, players can place bets on totals, quarters and other special props. Most of these require the game to be official, or to reach a specified point, but some are independent of the game’s length (such as MLB player props).
The first step to placing legal sports bets in Ohio is visiting a reputable online sportsbook. Then, create an account by entering personal information such as your name and address. In most cases, sportsbooks will ask you to provide a Social Security number to verify your identity and for tax purposes.
The Supreme Court struck down PASPA, allowing states to legalize sports betting. This means that Ohio is soon expected to join the ranks of regulated online sportsbooks, making it possible for residents of the state to place wagers on their favorite teams.