Known by the term “parlay,” these picks are often popular amongst casual bettors as stringing together multiple bets into one naturally results in a wager with longer odds and a greater potential payout. However, bettors do have the option to make combination bets. Be it for a team to win outright on the moneyline or cover the point spread, individual bets are made solely on one specific aspect. When betting on sports, the traditional types of wagers deal with one specific outcome.