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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