Parlays involve betting on the outcomes of multiple games or events, with the potential for higher payouts but also higher risk. Teasers allow bettors to adjust the point spread in their favorreal rummy cash, while futures bets are wagers on events that will occur in the future, such as the winner of a championship. In addition to these basic bet types, there are also more exotic bets such as proposition bets, over/under bets, and in-play betting. Proposition bets are wagers on specific outcomes within a game, such as which team will score first or how many points a player will score.