Straight Bets - The most traditional type of wagering on sports, operators such as the FanDuel Maryland app will offer hundreds of these wagers each day. These include point spreads, moneylines and over/unders. For example, the aforementioned FanDuel Ravens vs Steelers bet. If this were a point spread wager of say Baltimore minus-4, the means the Ravens would need to beat Pittsburgh by more than four points for the wager to cash as a winner.

Total Lines - Also referred to as the over/under, this is a wager on the final score of the game. If the number were 58.5 points on the Ravens-Steelers game, bettors choose whether to wager on the teams going over or under that total.

Moneylines - Moneyline bets are calculated based upon a $100 wager. Favorites are assigned negative numbers and underdogs are given positive digits. A Baltimore Orioles vs Detroit Tigers might show a line of +225 on the Orioles. That shows they're the underdogs and that a $100 wager on Baltimore would earn a profit of $225. The Tigers could be -120. In this instance, to garner a $100 profit on favored Detroit bettors would need to wager $120.

Parlays - Parlays are multiple wagers combined into one bet. At FanDuel MD, they can be on multiple games, or be a same game parlay. For instance, a same-game parlay on an Orioles game might include Baltimore to beat Detroit at odds of +225, Trey Mancini to hit a home run at +375 and John Means to strike out over 4.5 batters at -110. A $100 parlay on these three outcomes would return a payment of $2,847.16. However, all three events must come through for the parlay to pay out.

Futures Bets - Futures bets are wagers on outcomes that will occur at the end of a season and NFL futures are the most popular of the bunch. Suppose that you think that Baltimore Ravens QB Lamar Jackson is going to win the NFL MVP. Generally, the best price on a player is offered in preseason. It's possible to lock in Jackson at odds of +850 at the start of the NFL campaign. If he lights it up during the season, those odds will shorten but your price will live on. And if Jackson comes through to be named MVP, a $100 wager at odds of +850 would return a profit of $850.

Prop Bets - Prop bets can be outcomes on events occurring within the game, or events surrounding the game. If the Ravens are playing in the Super Bowl, there might be a prop on Jackson's rushing yardage in the game. A total will be set and odds will be offered on him going over or going under. Another popular Super Bowl prop is to wager on what color of Gatorade will be dumped on the winning head coach.