A sportsbook offers more than just odds on football and basketball games. It also offers different betting options, such as Pay per head, enhanced odds, Parlays, and Exotic bets. If you are looking to place bets online, you’ll want to make sure to choose a sportsbook with a good reputation.

Pay per head

Pay per head at sportsbook software provides the business owner with a number of useful features to make the running of the business much more convenient and effective. It allows you to update the sportsbook line information instantly, grade bets right after a game, and interact with other sports enthusiasts. The features of this software are numerous and you can be sure to find one that suits your needs and will help you expand your business.

Enhanced odds

Enhanced odds at sportsbooks are promotions that allow you to place a wager with better odds than normal. These are generally only available for new clients and come with certain terms and conditions. These usually include a minimum and maximum stake. Bookmakers do not want to pay out too much. Sometimes you may be given a bet token that has additional terms and conditions.

Parlay bets

Parlay bets are a great way to maximize profits when you’re betting on multiple games. The main advantage of this type of betting is its inherent freedom, and a winning parlay can yield huge cash outs. Parlays are more likely to produce a winning wager when three or more teams are involved. While parlay bets tend to have a low house edge, it’s important to remember that they also carry a high risk of losing.

Free bets

Free bets at sportsbooks can be an effective way to test out a sportsbook before you deposit any money. Usually, these free bets are in the form of bonus bets or tokens that pay stake. However, these offers are not without their drawbacks. Generally, these free bets come with terms and conditions, and you should read them carefully to avoid unwanted surprises.

Site credit

Site credit is a form of free bet that a sportsbook offers to new customers. The difference between this offer and a free bet is that a site credit can be used to make several wagers, instead of just one large one. For example, a $30 site credit can be used to place two $10 bets and three $15 bets. Another option for new customers is to use their site credit to place a special bet, such as a risk-free bet, which gives back your stake if you lose your wager.