Spread
Players may bet on the specific side (team) to cover the spread. Taking the Lakers you will be betting them at +8. They need to win outright or lose by less than 8 points to win your wager. If you bet on the Celtics, you will be taking them at -8, meaning that they must win by 8 points to win your wager. This type of wager is known as Straight bets. There is usually a 10% vig or juice  **risking $110 to win $100** unless otherwise stipulated by the house.

Total
Players may also wager on the total amount of points scored by both teams to go over or under (in this case 192).  This type of straight bet also usually has a 10% vig or juice **risking $110 to win $100** unless otherwise stipulated by the house.

Money Line
Money line is also an option to wager on. With Money lines, the point spreads do not matter. The Favorite and the Underdog are is factored by the amount the p[layer is laying vs. the return. If you would take the Lakers you would be LAYING $100 to WIN $185. If you take the Celtics you would LAY $205 to WIN $100. With this type of wager, the player will always risk more to win less on the favorite and risk less to win more on the underdog. The outcome of the wager is determined by the team that wins outright.