Traditional bets include low-risk bets such as Single, Double, Treble to high-risk bets as Multiple Bets. Players can and win money depending on their betting skills.
Parlay betting is a tricky situation. The reward and the risk both are high in this type of betting and is mainly done between two teams.
This is a more complex type of betting which where one selection in an event is given handicap to overcome in order to win the bet.