Blog: Bet Types & Guides

Explainers for spreads, totals, parlays.

Bet Types & Guides

What Is a Betting Exchange? A Beginner’s Guide

Chris Tacker

Written by Chris Tacker
Updated 8/30/2025
6 min to read

If you’ve ever typed what is a betting exchange into Google, you’re likely curious about how it differs from a traditional sportsbook — and whether it can help you bet smarter. In short, a betting exchange is a marketplace where customers bet against each other rather than against the house. The exchange matches opposing opinions (one person thinks an outcome will happen; another thinks it won’t) and takes a small commission from winners. Throughout this guide, we’ll connect the dots to how tools like BetRocket — our analytics platform for EV+ (expected value positive) edges, surebets, and line movement — fit into an exchange-based approach. BetRocket doesn’t take or place bets; it helps you analyze data and spot potential value.

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Bet Types & Guides

Correlated Parlays Explained: What They Are, Why Books Hate Them, and When (If Ever) to Use Parlays

Chris Tacker

Written by Chris Tacker
Updated 8/30/2025
5 min to read

If you’ve ever wondered what is a correlated parlay and why are parlays bad, this guide breaks down the math, the sportsbook rules, and the few scenarios where parlays can make sense — backed by a data-first process you can run with BetRocket.

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Bet Types & Guides

NBA Pick’em: What It Is, How It Works, and a Smart Strategy for 2025

Chris Tacker

Written by Chris Tacker
Updated 8/30/2025
5 min to read

If you’ve been seeing NBA pick’em everywhere this season, you’re not alone. The format blends simple choice-making (pick players or teams) with fast-moving NBA markets. This guide explains what NBA pick’em means across platforms, how payouts typically work, and a data-driven strategy to improve your edge — plus how BetRocket can help with EV+, Dropping Odds, odds history, and tracking.

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Bet Types & Guides

What Is a Push in a Parlay Bet?

Chris Tacker

Written by Chris Tacker
Updated 8/29/2025
3 min to read

Parlay bets are exciting because they combine multiple wagers into one ticket, offering the chance for bigger payouts. But many bettors wonder: what is a push in a parlay bet, and how does it impact the outcome of your wager? Let’s break it down.

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Bet Types & Guides

What Is an Alternate Line in Betting?

Chris Tacker

Written by Chris Tacker
Updated 8/29/2025
3 min to read

When browsing odds on sportsbooks, you may notice something called an alternate line. But what is an alternate line in betting, and how can it affect your strategy? Let’s break it down.

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Bet Types & Guides

Cash Out in Sports Betting: What It Means and When to Use It

Chris Tacker

Written by Chris Tacker
Updated 8/29/2025
3 min to read

Sports betting is full of strategies, tools, and decisions that can make a huge difference in your results. One of the most popular features modern sportsbooks offer is Cash Out. But what does it really mean, and more importantly: should you cash out bets or let them run?

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Bet Types & Guides

Over/Under Betting Explained: How Totals Work in Sports

Chris Tacker

Written by Chris Tacker
Updated 8/29/2025
2 min to read

Over/Under betting (also called totals betting) is one of the simplest and most popular markets in sports. Let’s break down what it means, see examples, and learn how to use it wisely.

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Bet Types & Guides

Handicap Betting Explained: What Spread Bets Mean in Sports

Chris Tacker

Written by Chris Tacker
Updated 8/29/2025
3 min to read

Handicap (or spread) betting is one of the most popular forms of wagering in sports. This guide explains how handicaps work, why sportsbooks use them, and how you can apply smart strategies when betting against the spread.

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Bet Types & Guides

Parlay Betting in Sports: How Does It Work (and What Is a Push?)

Chris Tacker

Written by Chris Tacker
Updated 8/29/2025
2 min to read

Learn what parlay betting is, how parlays work, what a “push” means, and whether they’re worth the risk. A beginner-friendly guide for smarter sports betting.

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