What is a Moneyline bet?
When you make a moneyline wager, you bet on the outright winner of the event without taking the point spread into consideration. There are still favorites and underdogs, but instead of being handicapped or assisted by head starts, the competitors are given odds to win the game or event. [Source Bovada.lv]
What is a Runline bet?
Run Line Betting in baseball almost mimics NFL Spread Betting exactly, which is the most popular type of football betting. The line for baseball run lines is 1.5. With a 1.5 run line you will be able to place a wager on the favored team to win by 2 runs or more, or the underdog team to lose by 1 run or to win the game. [Source thesportsgeek.com]
How do Parlays work?
A parlay, or combo bet, is a selection of 2-12 bets linked together on the bet slip. Winning the parlay requires all of your individual bets to win. Even one losing bet can deem the parlay a loss. The more you risk, the better the payoff. The more bets added, the more your potential payout increases. For example:
Example: The Detroit Lions (-3) are playing the New England Patriots. At the same time, the New York Giants (-8) are playing the Miami Dolphins. You believe both the Lions and the Giants will cover their respective spreads. Instead of placing two straight bets, you could place a parlay. You’ll win if you’re right about both games; however, you’ll lose if one of the teams fails to cover the spread. [Source Bovada.lv]