Universally, this is the most basic rubber used by all players. Depending on the brand and the different types of glue added, it can produce a vast variety of spin types and ranges of speed.
Pips out rubbers (aka pimples out) is as it sounds. The rubber basically has small protruding nubs in a sectional pattern. This type can be exceptionally useful in your game. But if not used right, it can interfere with your game as well.
Anti-spin rubbers have surfaces with very little friction opposed to smooth or inverted rubber. This means that rather than having the ball grip onto the rubber when contacted, it will tend to slide off when hit instead.
Strength(s)
This type allows for a wide variety of stroke play. It also produces much speed for the ball as well as powerful spin.
Pips out rubbers have the ability to reverse the spin on the opponent's ball (using their own spin against them), as well as the ability to return the ball unpredictably as if it were a "knuckle ball" in baseball. It can also block shots really well.
These rubbers can absorb the pace of the ball resulting in a disruption of rhythm in the game. It can also return an opponent's spin back to them. For example, if they hit a "topspin" at you, you will send it back as a "backspin" and vice versa.
Weakness(s)
It doesn't absorb force as well as pips out rubber resulting in harder blocks.
It's more difficult to produce your own spin with this type. Continuous shots made with pips out can tend to be inconsistent.
Obviously, these types of rubbers aren't very good at producing much spin on the ball. Most of the time, you will rely on your opponent's spin.