Below
is a list of Sports Betting & Wagering
Types. Below are the definitions and
types of bets often found in the sports betting
industy.
Pointspread
The pointspread - also called "the line"
- is used as a margin to handicap the favorite
team. The oddsmaker - also called the handicapper
- "gives" points (or goals) to the underdog
for betting purposes only. The bettor must take
either the favorite or the underdog.
The favorite is always indicated
by a minus sign (e.g. -5.5) and the underdog by
a plus sign (e.g.+5.5). For betting purposes,
the outcome of the game is determined by taking
the actual game score and finding the difference
between the scores of the two teams playing (called
the pointspread or just the "spread").
If the "line" is
put in at a half point (e.g. -5.5 for the favorite
Orlando) by the oddsmaker then there can be no
"push." In this case, there is "action"
at any final game score pointspread. In a pointspread,
you must wager $110 to win $100 ($210 is returned
to the winner). 10/11 is the standard for pointspread
bets on most sports.
More about Pointspreads
Straight Bet
A straight bet is a bet on the outcome of a single
event or game that, for betting purposes only,
is determined by a Pointspread, a Moneyline or
a Game Total.
The team or event wagered
on must win by the posted odds. A single bet may
be a play on the side to win, the total, or even
a proposition or future bet. All single bets must
lay 110 to win 100 unless otherwise noted at the
time of the wager. Games that end in a tie are
no action or push, and the money is refunded.
The odds may fluctuate at anytime as they move
with the monies wagered. But the money you bet
on a team or event at a specified pointspread
or game total is the total you receive for your
bet.
Straight Bet Example:
If the money line is -135 then you would wager
$135 to win your $100 bet. If the money line is
a positive number then you will wager $100 to
win the money line. Likewise, if the money line
is +125 then you would wager $100 to win $125.
More about Straight
Bets
Over/Under
The Over/Under, sometimes called the "Total",
quite simply is the combined scores of both teams
competing in the game being wagered on. You can
bet whether the game will go over or under this
figure. A bet on a matchup between two teams may
be set by a money line instead of a pointspread.
If a matchup is determined by a money line, like
American baseball, then it will cost the customer
more to wager on the favorite.
Over/Under Example:
The Atlanta Braves may be favored over the Chicago
Cubs by 150. In this example, the customer must
lay $150 in order to win $100 if Atlanta wins
the game, no pointspreads are involved. If Atlanta
loses, the customer loses $150. However, the customer
could bet on Chicago, in which case the customer
would lay $100 in order to win $140 (10 cent line).
If Chicago loses, the customer only loses $100,
because Chicago is the underdog.
More about Totals
Betting
Parlay or Combo
This bet applies to Football, Basketball, Ice
Hockey and Baseball. A parlay bet happens when
you bet on two or more teams in the same wager
in any order. All teams bet on must win in order
for you to win. Also, there is no "juice"
or commision on this style of bet.
Your wager may combine different
sports along with different styles of bets (i.e.
over/under, pointspread, etc.) In the parlay style
bet your original winnings are invested back into
the next game. If one of your games is cancelled
or ties the parlay drops to the next lowest number.
More about Sports
Betting Parlays
Second Chance Parlay
A parlay wager is a bet on two up to 10 teams
or selections. It is one of the more versatile
forms of sports wagering. The player can combine
different sports point spreads lines. In a second
chance parlay you can have up to 3 losses depending
on the number of teams and still win.
More about Second
Chance Parlays
Teasers
This bet applies to Football, Basketball, Ice
Hockey and Baseball. A teaser is a selection of
two or more teams in one wager in which either
the pointspread and/or total is adjusted in the
bettor's favor. Each sport has its own range of
points for teaser selections. An adjustment to
the favorite team will decrease the disadvantage.
An adjustment to the underdog will increase the
advantage. The adjustment makes pointspreads less
for the favorite and more for the underdog, depending
on the selections you make. If you select a total,
the adjustment makes totals higher-to-go-under
or lower-to-go-over.
Teaser Examples:
Denver Broncos (-3) teased by 6 points: Denver
is +3 with the Tease.
Buffalo Bills (+9) teased by 5.5 points: Buffalo
is +14.5 with the Tease.
Seattle Seahawks and NY Giants (31 pts.) teased
by 5 points: 26 pts. for the over Total
More about Sports
Betting Teasers
Pleasers
A pleaser is a group of NFL side straight bets
combined into one bet. The difference between
a pleaser and a teaser is that with a pleaser
the line you bet against for each individual wager
is moved against your favor by 6 points. Pleasers
are currently only available on NFL regular season
side plays. Pleasers will not be taken on NFL
totals, NFL preseason, or NCAA football at the
current time. If the regular line is –10
and you play a pleaser then your line would be
–16.
Pleaserss Examples:
Odds:Dallas is (-3) over Washington
Pittsburgh is (-8) over ClevelandA "Two Team
Pleaser" on
Dallas and Pittsburgh would
be:
Dallas (-9) Pittsburgh (-14)
A "Two Team Pleaser"
on Washington and Cleveland would be: Washington
(-3) Cleveland (+2)
Open Wagers
Open wagers allow the customer to play teasers
or parlays making one selection at different times
or even different days.
Open Wagers Example:
3 Team Parlay
$100 to win $600
Cowboys -8
Dolphins -14
OPEN*
* This spot can be left open
for seven days. No open slots on the Internet.
Runline
This bet applies to Baseball.
This is a bet to predict which team will score the
highest number of runs. This bet is handicapped,
with the underdog always given +1.5 points advantage.
If the final score, taking into account the handicap,
is a tie (known as a Push), the bet is considered
void, and your stake is refunded.
Multiplier
A multiplier is offered mostly for soccer matches,
and is a European-based line. Like a moneyline,
a multiplier is based on true odds rather than
fixed odds. The favorite and underdog are given
odds to win a match. You will achieve higher winnings
from your original wager as the amount to be won
equals the original bet multiplied by the product
of the odds.
Multiplier Example:
A $100 bet on Arsenal (1.65) to win would result
in a Payout of $165 if Arsenal did win the contest.
Sample Bet: $100 x 1.65 = $165 For a Combo (Parlay)
bet, Payouts would be as such: a $100 bet on Newcastle
(2.90) to win, Manchester United (1.83) to win,
and Chelsea/Liverpool (3.25) to draw would result
in a payout of $1,724.78. Sample Bet: $100 x 2.90
x 1.83 x 3.25 = $1,724.78.
Moneyline
A moneyline is offered when no handicap is given,
such as a pointspread or runline, and the odds
are not therefore fixed. Payouts are then based
on true odds rather than fixed odds. The favorite
and underdog are given odds to win a game or fight.
The minus sign (e.g.-130) always indicates the
favorite and the amount you must bet to win $100.
The plus sign (e.g.+120) always indicates the
underdog and the amount you win for every $100
bet. Therefore based on the above moneyline, you
bet $130 to win $100 on the favorite. For the
underdog, you win $120 for every $100 bet.
More about Sports
Betting Money Line Bets
Buy Points
Buy Points means that you can move the pointspread
so that you give away less points with the favorite
or get more points with the underdog, for both
football and basketball. To do this you must pay
more "juice" for every 1Ö2 point
you buy in your favor. Most sportsbooks charge
10% for every 1/2 point you buy. For the NFL and
NCAA football, you will pay an additional amount
of "juice" to buy on or off of 3 or
7 points - also know as Key Points. And if you
buy through either 3 or 7 points, you will pay
an additional amount of "juice." Most
sportsbooks charge another 10% for key points.
There are NO Key Points for basketball.
Buy Points Example:
New York Jets (+4.5) are 4.5 point underdogs.
To move the line to 5 points, you would buy 1Ö2
point and lay $120 to win $100 (at 4.5 points
you would have layed $110 to win $100). An example
of how to buy off of 3 points: the Kansas City
Chiefs (-3) are 3 point favorites. To buy 1/2
point and make them a 2.5 point favorite, you
would need to lay $125 to win $100. And example
of how to buy through 7 points: the Seattle Seahawks
(-7.5) are 7.5 point favorites. To buy 1 point
through 7 points and make them a 6.5 point favorite,
you would need to lay $140 to win $100.
More about Buying
Points For Sports Betting
Puckline
Sometimes sportsbooks use a combination of handicap/spread
and odds for the NHL. This is called the Puckline.
Puckline Example
line:
Boston + 1 (-110) Detroit - 1.5 (-110) The favorites
are the Detroit Red Wings, who are giving the
Boston Bruins 1.5 goals. To win the bet, Detroit
would have to win the game by 2 goals.
When placing this bet you
are getting even money, which means that for every
$110 you wager, you will win $100. If you are
betting on Boston, you will receive a 1.0 goal
handicap, meaning that if Detroit wins by 1 goal
the game is a push. If the game ends in a tie
or Boston wins, then you win the bet. The odds
again are at -110.
Proposition Bet
A "prop bet" is a bet the sportsbook
offers at odds and conditions of its choosing.
Prop bets can be exotic bets like which team will
score the most touchdowns, which team will shoot
the most three pointers, which running back will
rush for the most yards, etc. Most prop bets are
offered at 11-10 odds, but some of the exotics
will be offered at better or worse odds, depending
on the bet.
Futures
This bet applies to Football, Basketball, Baseball
and Ice Hockey. Futures are a single wager on the
outcome of an event that will be determined sometime
in the future. Futures
Example:
It might be a bet made at the start of the season
on Dallas Cowboys to win the Super Bowl. Futures
odds change continuously throughout the season
- You get the odds in effect at the time you bet.
Futures bets often attract (high) odds to the
bettor. An If Win wager is an excellent choice
for money management. You wager a fixed amount
on one team if that team wins or the game is tied,
then another fixed amount -up to the original
amount- shall be placed on a different team. Your
first wager must win in order for you to have
action on the remaining wagers. If the first wager
loses, there is No Action thereafter. You cannot
have duplicate teams in the same If Win wager.
More about Futures
Sports Betting
If Wagers
If wagers allow the customer to make a second
wager pending a win on the first selection. If wagers
must be made on one call, and the second part of
the if wager cannot exceed the amount of the first
selection. If
Wagers Example:
Dallas Cowboys -5 $110 to win $100 IF (if win,
tie, or cancel) Carolina Panthers +4 $110 to win
$100 If the Cowboys lose, the wager stops there
and is scored a loser -$110; if the Cowboys win
+$100 the wager continues to the Panthers wager;
if the Panthers win, the wager is a $200 winner;
if the Panthers lose the wager is a $10 loss.
More about If
Win Sports Betting
Reverse Wagers
Reverse wagers are always double action IF
bets.
Reverse Wager Part
A
Cowboys -5 $110 to win $100
IF ( win, tie or cancel )
Dolphins -14 $110 to win $100
Reverse Wager Part
B
Dolphins -14 $110 to win $100
IF ( win, tie, or cancel )
Cowboys -5 $110 to win $100
If both teams win +400
One win, one loss -120
Both teams lose -220
Push +200
Action Points
An Action Point wager allows a player to place
a bet on how many points his/her selected team
will beat the spread by up to a set cap. You can
choose your own cap between 1 and 15 points on
Pro-Football games. You choose how much you wish
to bet per action point. When you place an action
point wager, no money is deducted from your account,
but your maximum loss potential is restricted
from your account until the game is final. You
win the dollar amount wagered for each point the
team covers by up to the selected cap. You lose
1.1 x (dollar amount wagered) for each point your
team does not cover by up to the selected cap.
Round Robins
Typically for football and basketball the Round
Robin option allows you to select up to 8 teams
and produce a series of parlay bets involving
a nominated number of teams in every combination.
To select this option click the 'Round Robin'
check box. You will need to also select the number
of teams in each parlay. The drop down menu labeled
'Round Robin teams in each parlay' to the right
of the 'Round Robin' check box provides this ability.
You need to select one of the following:
3 teams every 2 ways = 3
bets
4 teams every 2 ways = 6 bets
5 teams every 2 ways = 10 bets
6 teams every 2 ways = 15 bets
7 teams every 2 ways = 21 bets
8 teams every 2 ways = 28 bets
4 teams every 3 ways = 4 bets
5 teams every 3 ways = 10 bets
6 teams every 3 ways = 20 bets
7 teams every 3 ways = 35 bets
8 teams every 3 ways = 56 bets
5 teams every 4 ways = 5 bets
6 teams every 4 ways = 15 bets
7 teams every 4 ways = 35 bets
8 teams every 4 ways = 70 bets
6 teams every 5 ways = 6 bets
7 teams every 5 ways = 21 bets
8 teams every 5 ways = 56 bets
7 teams every 6 ways = 7 bets
8 teams every 6 ways = 28 bets
The selected item will indicate
to you the number of teams you need to select
as well as the number of bets that will be generated.
The number of teams you select in the drop down
menu must match the number of team selections
you check on the betting page, if this does not
match then an error message will be produced.
The total number of bets will be multiplied by
the stake $value you select. This amount will
be deducted from your account when the bets are
confirmed. Eg. if you select 6 teams every 4 ways
this will generate 15 four team parlay bets. If
the stake value selected was $10 then 15 x $10
= $150 would be deducted from your account.
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