It is in one's best interest to know all your options before making a bet. The straight bet is more of a long haul type of bet. You are not going to rack up the big dough right away but over time, it will add up. The parlay bet is more of hope for bigger payouts quicker. These are more of a weekly bet. The teaser bet can be used in several ways. You won't make a ton on teasers because the payouts are lower but they are a good way of "hedging" your bet. "Hedging" will be explained in more detail later.
