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Point
Spread:
The point spread is the number of points that the favored
team is expected to win by. For example, say the New York Knicks are favored
to beat the LA Clippers by a point spread of 7. That means that if you pick
the Knicks to win, they have to win by more than 7 points for you to win
your bet. If they win by fewer than 7 points or lose the game, you lose your
bet. If they win by exactly 7 points (the point spread), the result is a
push or tie. That means that you don't win or lose, your original bet is
refunded.
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Money Lines:
The difference between a pointspread bet and a moneyline bet is
that there are no points involved. Instead, money odds are wagered on the
favorite or underdog. There is a different moneyline total for either side
on a money line bet, a negative side (the favorite) and a positive side (the
underdog): Dallas -170 Washington +150 What this means is that Dallas is the
favorite and for every $17 you bet on Dallas, you win $10 if they win. For
every $10 you bet on Washington, the underdog, you win $15 if they win. By
offering different odds for each team the sportsbook is able to balance
action on both teams.
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Straight
Bets:
A straight bet is the most common bet, where you pick a single side to win.
A wager on one event whose outcome for wagering purposes shall be determined
by a point spread or money odds. All straight and Total bets are 10/11
unless otherwise noted at the time of the wager.
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Totals (over/under):
A total wager is a bet on the number of points scored in the game
by both teams combined. You can bet on whether the actual number of total
points scored is over or under the line posted. The total points scored
includes points scored in overtime. You can also bet whether the combined
number of points or goals scored by the two teams in the game will be over
or under the total set by the oddsmaker. For example, if the total is 32 and
you believe that the combined points scored by the two teams will exceed
that number, you would bet over 32.
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Parlays:
A parlay bet is a single wager involving multiple propositions. Two or more
straight wagers can be tied together to form one wager. The bettor must
chose the winner of each proposition in order to win the parlay. Payout odds
increase as the number of included propositions increases. All teams must
win by the listed point spread.
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Teasers: (Football and Basketball
and Sides and Totals Only)
A teaser, like a parlay, involves multiple propositions. When betting a
teaser additional points are either added to the underdog or subtracted from
the favorite. Odds are changed in accordance to the number of points the
spread is moved and the number of teams combined to form the teaser.
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If
Bets:
If the first game wins, ties cancels or is suspended, etc., you
have action on the remaining team or teams. An IF bet is a combination of 2
- 6 teams.
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Reverse Bets:
A reverse is a series of IF bets going both forward and in
"reverse" order.
Each team included in the Reverse will pair with another team to form two IF
bets, one with that team first and another with that team as the second team
in the IF.
Each bet in the reverse is an individual straight wager for
the full amount of the reverse. Note: Each bet is for the same
amount.
WIN REVERSE
IF win only (single action) .
ACTION REVERSE
IF win/tie/cancel (double action) condition.
Why use this bet
A reverse offers the advantage of a large payout without the risk
of losing the bet if one team loses. For example, if you place a 3-team
reverse for $110 your total risk will be $660. If all 3 teams win you win
$1200 and if only 2 teams win you still win $160. This last example is under
the assumption that all money lines were -110.
Reverse Rules:
- The Rules of IF bets apply
- The bet amount chosen for the Reverse is the same amount for each IF bet
in the reverse (you risk the same amount for each IF bet created in the
Reverse)
- The maximum win is determined by adding up the individual win amounts of
each bet included in the reverse
- Number of selections allowed 3.
- You may buy points on each selection in the reverse up to a maximum of 2
points
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Props:
A proposition bet is a bet offered with conditions and odds
determined by an oddsmaker. These bets are usually exotic bets like which
quarterback will complete the most touchdown passes, which team will score
the last points in a game, or which will complete the longest field goal.
Odds change daily and all wagers are considered action at the odds quoted at
the time of the wager.
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Futures:
Futures are a single wager on the outcome of an event that will be
determined sometime in the future. For example, picking the winner of the
NFL championship, the Stanley Cup, or the World Series.
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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.
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Round Robins:
Three (3) or more teams selected to make up a series of parlays. A Round
Robin is a series of parlay-type wagers built from all possible groups of
the specified round robin group size. The selections can be any combination
of sides, over/unders, money lines, run lines, or puck lines.
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Winners and Losers are Official After...
Football (College-Pro).............. 55 minutes of Play
Basketball (Pro)...................... 43 minutes of Play
Basketball (College)................ 35 minutes of Play
Hockey (Pro).......................... 55 minutes of Play
Golf ...................................... 54 holes of Play
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