There can be hundreds of betting options attached to any single competition, thats why Sports llustrated's Gambling 101 is teaching you the terms you need to know so you can get in on the action!

Today we are talking Quarter and halftime betting odds.

They are prop wagering bets that are offered in money line, game total and point spread formats. Wagers can be placed prior to the match or while the action plays out live.

Both quarter and halftime bets are offered in competitions that play out over 4 periods like the NFL and NBA. Where half bets are more common in soccer.

When placing a quarter bet, you can wager on reduced game total odds plus which side will win each frame with reduced point spreads and money lines. 

For example you may not think the browns will win the game but you can bet that they will win the first quarter. 

If you want to place a half time bet you can wager on the first half results prior to a match- but all bets are settled when the contest reaches halftime. Browns win first quarter but steelers win the first half.

Quarter and first half bets are best used when research shows teams that start quick out of the gate.

Just remember you always have options when it comes to gambling and sports illustrated is always here to help you know what those options are. 

We'll see you next time for another gambling 101 here on SI.com