Proposition Bets

These wagers are made on a specific outcome of a specific match. They are very easy to understand and calculate and many bettors prefer them. Proposition bets are always money line bets.
Examples: Betting whether a basketball team will score more or less than another team, betting on a specific number of goals that a soccer team scores in a specific match, or betting on a set amount of total yardage that a specific yard receiver in football will net.

Parlays

A parlay is a bet that involves multiple bets (usually 2-8, and up to 12) and rewards the winner with a large payout. All the bets must be successful and if one of them fails, the entire bet is a loss.
In a parlay bet you can choose to combine bets on any sports, and in case of "no action" or a "tie" in one of the bets, the parlay is reduced to the next lowest number parlay, example: a 5parlay becomes a 4parlay if one of the soccer games in the parlay ends in a tie.

Future Bets

This bet predicts a future result of a big scale game or a different accomplishment by a specific team or a player. For example, a popular future bet is to bet whether a certain country will win the FIFA world cup, or a certain NBA basketball team will win the championship.

Run Line, Goal Line and Puck Line Bets

Run line (in baseball), goal line (in soccer) and puck like (in hockey) are a fixed point spread bets the offer lower payouts to the underdogs and higher payouts for the favorites.