Single bet
The simplest bet is to place money on the outcome of one match.
Whether the match will end with a home win, a draw, or an away win
Also is possible for the same: correct score, halftime/full-time, total goals, and future outright bets(future championships winner)
Also is possible numerous exotic variations of football betting,
called Spread betting whence Asian Handicap is derived
Parlays
Simply put the parlay requires of punter to win not just one straight bet,
but two or three or as many as you are willing to put at risk.
For his bet to be a winner, the gambler must win all games on his parlay
What defeats a parlay is fairly simple: any loss makes the entire parlay a loser
These wagers are difficult to win, but they offer a large payout.
In order for the parlay to win, each game must win or push (tie).
If any of the games lose, the entire wager loses.