Millions of Americans will watch the Super Bowl on Sunday not just to find out who wins a coin toss or how many yards Christian McCaffrey will gain, but with real money — sometimes thousands of dollars — riding on each bet. With gambling becoming more legalized across the country and new sports betting apps popping up daily, the world of sports betting has become a big business, with experts and average fans alike wagering billions each year. But can you really win at sports betting?

The first thing to remember is that profitable sports betting takes time, knowledge and discipline. Those who are looking for a get-rich-quick scheme or think they can simply place a few bets and expect to make big profits are in for a rude awakening. The truth is that profitable sports betting requires diligent research, in-depth analysis and strict bankroll management.

There are a few different types of sports bets, but the most common is the straight bet. This is a bet on a single outcome (such as a team winning or losing) and can be placed on any sport.

Proposition bets, or props, are a type of sports betting that involves wagering on non-traditional outcomes during a game. These bets can range from a simple football-centric question, like who will win the coin toss, to a more complex prediction of how many songs Usher will sing at halftime or what color Gatorade the winning coach will dump on the losing coach.