DraftKings Sportsbook NY is known for the large variety of bet types and sports available to bet on. The section below breaks down the most common types of bet types at DraftKings.
A moneyline bet is simply picking the winner of the game or match. Moneyline odds can range anywhere from +100 (even money) to plus or minus numbers as high as 1000, in extreme circumstances with two teams at the opposite ends of the spectrum.
If a team is favored to win, the odds will be listed as a negative number, like -140, meaning you have to risk $140 to win $100. The underdog will have a positive number like +165, meaning you only have to risk $100 to win $165. While you don't need to risk $100 on a moneyline bet, American odds are based on a $100 wager.
Parlay bets combine multiple bets together, but all legs must win for the parlay to cash. Since the level of risk is higher with parlays, DraftKings increases the payout odds along with it. Parlays can feature moneyline, spreads, totals, and prop bets across all sports.
For example, a four-leg parlay could have Yankees -1.5, Bills-Jets over 44.5 points, Rangers -120, and Knicks +5. If all bets hit, it could lead to a big payout. However, if one of the bets loses, then the entire parlay loses.
Teaser bets give you the chance to shift the point spread or total for a parlay up or down. Moving the line raises the probability it will hit, but it makes the betting odds less profitable.
For example, a parlay taking the Bills -7.5, Knicks +5, and the Giants-Jets under 46.5 points has +596 odds. A four-point teaser would move the lines to Bills -3.5, Knicks +9, and Giants-Jets under 50.5 points for +180 odds.
Betting the totals, or the over/under, is often used when picking whether the two teams in the game will combine to score more (over) or less (under) than the number provided. For example, if you see a total at 209.5 and bet the over, the two teams must combine to score 210 points or more to win the bet. If the two teams combine to score 209 points or fewer, you lose the bet. There are totals betting options for the full game, halves and quarters, and more.
Unlike betting on the outcome of a game, prop bets are wagers on smaller in-game events to happen. Betting on prop bets could include team props, such as betting over/under a team's point total, or individual player props, such as a player scoring a touchdown or blocking a shot. DraftKings NY is known for it large variety of prop bet options.
Futures sports betting means you are betting on a future event. The most common type of futures bet is on a league's championship, such as the odds to win the 2023 Super Bowl. Other futures bet types include betting on awards, like league MVP or Coach of the Year, win totals, series betting, and more. Since the payoff is often weeks or months away, the level of risk is typically higher, which is reflected in the odds.
Live betting is wagering on an outcome while the game is taking place. Based on the events of the game, the spread, moneyline, and other odds will adjust, which creates opportunities for New York bettors to wager on different odds and outcomes than may have been available pregame.
For example, let's pretend the New York Giants were -3.5 against the Jets. However, after the Jets took an early 7-0 lead, the DraftKings may have moved the spread to Giants -1.5. This gives New York bettors the ability to bet on the Giants or Jets at the newly-adjusted spread and odds.