Traditional bets are the most common type of bet among all types of betting explained. They usually involve betting on the outcome of a sporting event. The most common traditional bet is the money line bet. It simply involves picking a winner in a particular game or match. Other common traditional bets include point spread bets, which involve picking a team to win by a certain number of points, and total bets, which involve betting on the combined score of a game or match. traditional bets usually involve fairly simple concepts and are relatively easy to understand for most people.