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In this section you will learn all about how to bet on sports and what type of bet you can do

Click here go back to the main rules page.

Click on a wager type to go to the correspondant explanation.

Straight Wager Money Line Point Spread Totals Parlays
Teasers If Wagers Action Reverses Futures Propositions
First Half Wagers Half Time Wagers European Odds  

1) Straight Wager:

A straight wager is a bet made on one team to simply win, cover the point spread, or for the combined score both teams to go over or under the total. For straight wagers on point spreads or totals, unless otherwise indicated, the odds are $1.10 to win $1.00. Though spreads and odds may fluctuate as bets start coming in, your wager is locked in at the spread and odds you received when you made your bet. Since the spreads and odds change often, it is important to stay current by refreshing the lines on your computer.

1a) Money Line:

The team wagered on just simply has to win the game or match. The amount you lay or take for each wager may vary. The money line that is read at the time of your wager is the money line you keep regardless of any line movement. Money lines are used in all sports, as well as tennis, golf, auto racing, and horse match-ups.

Example:

Pistons versus Spurs. Spurs -160, Pistons +140

Players betting the Spurs would lay $160 to win $100. Those interested in the Pistons would bet $100 to win $140. Whoever wins the game determines the result of the wager.

1b) Point Spread:

A point spread wager is betting a team to cover the spread. The odds on the point spread may vary.

Example:

Patriots versus Eagles, Patriots -4 -108

Players wager on the Patriots -4, $108 to win $100 or on the Eagles +4, $102 to win $100.

If the Patriots win by more than 4 points those wagering on the Patriots would win their wager. If the Patriots win by less than 4, or lose the game, Eagle wagers would win. If the Patriots win by exactly 4 points, the game is a push and all wagers are considered no action.

1c) Totals:

A total is the combined score of both teams. You may bet the total to go over or under. Like point spreads, the totals are accompanied by odds.

Example:

Dodgers versus Giants, total is 9 over -102

A player betting on the total over would lay $102 to win $100. A under bet would lay $108 to win $100. If the combined score is more than 9, over bets win; less than 9, under bets are paid. If the game ends with a combined score of nine, all bets are a push and considered no action.

2) Parlays:

This is a bet of 2 or more selections and may consist of point spreads, money lines, totals, or a combination of these. All selections wagered on in a parlay must win. If there is a tie or 'No Action' among the selections made, the parlay reverts down to the next lowest number for payoff. In the case of a 2-team parlay, it will revert down to a straight wager. Parlays involving only point spreads and totals are fixed. Any time a money line selection is in a parlay, the payout is computed mathematically. We have included a parlay calculator to help compute money line parlays.

Example:

The player wants to make a 5 team parlay:
Miami -7, New York +3, Seattle -4, Denver -10 and San Francisco -8.

If all these games win, the player wins at 20-1 odds. If 4 of the games win and 1 of the games is considered 'No Action', the player wins at 10-1 odds. If 1 of the games loses, the entire parlay loses.

Parlay Payouts

# of Teams 2 3 4 5 6 7 8 9 10
Payouts 13/5 6/1 10/1 20/1 40/1 75/1 150/1 300/1 700/1

4) Teasers:

A Teaser is a selection of two or more teams in one wager in which the point spread is adjusted in your favor. The number of teams selected and the number of points selected determine the payout odds. Like parlays, all selections in a teaser must cover the adjusted parlays. In all teasers of 10 points or more, a tie is a loss. In teasers of less than 10 points, A 'Tie' or 'No Action' and a 'Win' on a two team teaser shall constitute a 'No Action' wager. A 'Tie' or 'No Action' and a 'Loss' on a two team teaser shall constitute a 'Losing' wager. Ties on a three or more team teaser shall revert to the next lowest betting bracket (Example: A tie on a three team becomes a two team teaser).

Example:

49ers versus Bears, Bears -5.5.
Packers versus Vikings, Vikings -9.5.

A two team, 7 point teaser with the 49ers and Vikings would allow the player to bet:

49ers +12.5, Vikings -2.5, 130 to win 100.

 

5) If Wagers:

An IF wager allows the player to make a second wager pending the outcome of 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. A Double Action If Wager would mean the player has action on the second wager if the first wager pushes or cancels.

Example:

Raiders versus Broncos, Raiders – 2.5, Yankees versus Red Sox, Yankees -135.

An IF wager with the Broncos and Red Sox would read as follows.
Broncos +2.5, $110 to win $100, if that wins, the Red Sox $100 to win $125.

If the Broncos cover the spread, the player has action on the Red Sox. If the Broncos don’t cover the point spread, the second bet is void.

6) Action Reverses:

An Action-Reverse wager is a pair of IF Action wagers. The pairs are made by taking the original IF Action wager and placing another IF Action wager in reverse order.

Following is a breakdown of a 2 play Action-Reverse wager

Part A Part B
Cowboys -5 $110 to win $100 Dolphins -14 $110 to win $100
IF (win, tie or cancel) IF (win, tie, or cancel)
Dolphins -14 $110 to win $100 Cowboys -5 $110 to win $100
If both teams win +400
One win, one loss -120
Both teams lose -220
Push +200

7) Futures:

Future wagers are based on the outcome of events that happen each year. All wagers are final. There will be no payouts until the conclusion of the specified season. These include odds to win a tournament, race, division, conference, or championship.

Example:

Odds to win the 2006 Super Bowl, Seahawks 20-1

For every $1 bet, the player would win $20 if the Seahawks win the 2006 Super Bowl.

8) Propositions:

Proposition wagers are based on the outcome of events that happen each year. Odds change daily and all wagers are considered action at the odds quoted at the time of the wager.

9) First Half Wagers:

This is a wager on the First Half of a game only. It may be a point spread, money line, or total. Once the First Half of the game is completed, these wagers are graded immediately. All First Half wagers are calculated the same as a straight wager unless otherwise indicated. There are no parlays, teasers or buying of points on first-halves.

10) Half Time Wagers:

The wager is placed on the odds posted for the second half of a game only. All wagers must go the full half for action (first half and second half). All halftime wagers are calculated the same as a straight wager unless otherwise indicated. There are no teasers or buying of points at half-times. On half-time wagers, overtime periods are included as part of the 2nd half.

11) European Odds:

European odds are different from the North American style of odds. In North America, money lines are used to determine the line. In North America, a team that is +140 would be a 40-cent underdog. This means that for every $100 wagered, the player would win $140. The equivalent in a European odd would be 2.40-- meaning that for $100 wagered, the player would win $140. The 2.40 represents the entire amount wagered and won by the player.