Betting comes in various forms, each offering unique experiences and strategies. The most common types include **fixed-odds betting**, where punters wager on outcomes at set odds, and **in-play betting**, allowing bets during events as odds fluctuate. **Spread betting** involves wagering on the margin of victory, while **parlay betting** combines multiple bets for higher payouts. **Exchange betting** enables users to bet against each other, often resulting in better odds. Lastly, **prop bets** focus on specific events within a game, adding excitement and variety to the betting landscape. Each type caters to different preferences and risk appetites.