There are a variety of bet options for you to choose from on DraftKings Sportsbook, for more information review DraftKings Sportsbook Glossary of betting terms.
Bet Types
Against the Spread
In order to win a bet against the spread, the underdog will need to win the game or lose by less than the Point Spread. This is opposed to a bet "with" the spread, which is where you are betting for the favorite to win and cover the spread.
For additional information see our page on What is a point spread bet?
Correct Score
A bet that is placed on the exact score of a match or event at full or part-time.
Double Chance
A bet where it is possible to bet simultaneously on two outcomes of a match or event when 3 outcomes are possible. The options are Home/Draw, Home/Away, and Draw/Away.
Double Result
Odds that allow for you to bet on the results in halftime and the final outcome of an event. For example, if at halftime the score is 45-45 and the match ends 103-101, the winning outcome is Tie / Away Team (the team scoring 103). The bet is void if the regular time of the match is played in a different time format than those listed in the bet (i.e. other than two halves). For Baseball, half time is defined as the first 5 innings of a game. Similarly, Period Betting for hockey is available (i.e. 1st Period Result and 60 Minute Result).
Even Money
A bet that returns as much profit as the initial wager was. For example, a bet of $100 with a $200 return ($100 profit). These are listed as odds of +100 (American) or 2.00 (Decimal).
Forecast
A bet on two or more selections to finish in a particular order. For example, a Forecast wager on the US Open Golf tournament would be if you select Rory McIlroy to win, Tiger Woods to come second and Dustin Johnson to finish third.
Futures
Bets for events in the future, where multiple events may take place to determine the outcome. Futures are offered well in advance of any season or tournament and are continually adjusted as the events unfold.
For additional information, see our page on What is a Futures bet?
Grand Salami
A bet on the total number of listed occurrences, such as a total run or total goals, happening in a collection of events on a specified day. All relative events must be completed for bets to stand except for those outcomes which have been decided prior to the abandonment and could not possibly be changed regardless of future events. These will be settled according to the decided outcome.
Hedging
Betting on the opposite side of a current wager in order to minimize losses or guarantee a small profit.
Also known as "Laying The Points".
Lines
Describes the odds for each game and are used to show the details for a Point Spread, Total, or a Money Line.
Live Betting
Betting while the action is unfolding live. When placing live bets, you will see odds continually changing based on the real-life events in the game.
For additional information see our page on What Is A Live Bet?
Moneyline
A bet you are picking the outright winner.
For additional information see our page on What is a Moneyline Bet?
Over/Unders
A type of bet available for many statistical categories, including the Final Score, Individual Team Score, or any Player Stats. For example, if a sportsbook can set the over-under for the score of the game at 40.0, a bettor could wager that the combined score of the two teams would be either more than or less than that number.
For additional information, see our page on What is a Total or Over/Under wager?
Parlay
A bet placed on multiple outcomes all to occur. For a Parlay bet to win, all outcomes within the Parlay must be selected correctly.
For additional information, see our pages on What is a Parlay Bet? and What is a same game parlay (SGP) bet?
Pick'Em
A bet offer in which there is no favorite or underdog. This can occur on Point Spread bets where the line is set at 0 points (so the winner of the game wins the Point Spread).
Point spread
A bet where each outcome has a + or a - handicap applied to it. This handicap is often called the 'line'. On a 'line' of 3.5, one team will have 3.5 points added to their score, one team will have 3.5 points subtracted from their score. The winner of the point spread is the team that 'covers' the spread based on the line and the final score. Also known as a Spread.
For additional information, see our page on What is a point spread bet?
Pools
Wagers which are placed against other bettors who have entered the same event. Each winner’s prize depends on the number of other players in the pool and the number of winners.
For additional information, see our page on Pools - overview
Props / Prop Bets
Bets related to specific outcomes in a game (Game Props) or player performance (Player Props).
For additional information, see our pages on What Is A Prop Bet?
Reverse Forecast
A bet on two selections to finish first and second in any order.
Round robin (RR)
A way to place multiple bets in one transaction. You can place singles and all combinations of parlays from the picks selected. Please confirm your desired wager amounts across all your bets when placing round robins.
For additional information see our page on What is a round robin (RR) bet?
Run Line
A Point Spread for baseball listed with a line of 1.5 runs on either side and the associated odds between the favorite and the underdog. For additional information on Point Spreads, see our page on What is a point spread bet?
Same Game Parlay (SGP)
A parlay that allows you to combine multiple bets from the same game into a single parlay, which is dependent on all of those outcomes winning.
For additional information, see our page What is a same game parlay (SGP) bet?
Singles Bets
A bet placed on one specific outcome to occur. You can place multiple 'Singles' bets at a time. Each bet placed is contingent only on the individual outcome.
Also known as a 'Straight' bet.
Teaser
A parlay placed on multiple Point Spreads or Totals where the line is bought or 'teased' down in exchange for a lower payout.
For additional information, see our page on What is a Teaser?
Tri-Bet/Win-Draw-Win
A bet requiring the prediction of one of three possible outcomes of a sports event. For sports where a tie is possible at the end of regulation, that is the 'draw' selection. For sports where there is no possibility of a real-life tie, a 'line' is set where any result either way within a particular win margin is deemed a 'tie'.
Win/Place
A bet where the chosen selection must either Win or else Place within the payout terms. The bet is divided into two parts (the 'Win' part and the 'Place' part) of an equal stake or wager. Settlement of such bets will take into account the rules governing the 'Win' and 'Place' bets, namely the Sport-specific rules as well as any applicable ‘Dead Heat Reductions’.
Also known as an “Each Way” (EW) bet