|
POINT SPREAD BET
This is a single wager made on either the
favorite or underdog team. A wager on the favored team means that this team
must not only win but win by the specified point spread. A wager on the
underdog means that this team may either win or lose as long as they do not
lose by the specified point spread.
Rules
- A "-" or the term "by"
indicates the favored team, the associated points must be subtracted from
this teams final score.
- A "+" or no text next to
the team indicates the underdog team, the associated points must be added
to this teams final score.
- Including the point
spread, if the wager results in a tie (push) then the wagered amount is
refunded.
- The point spread is
subject to change at any time.
- Once a wager is
confirmed at a given point spread, that is the point spread for that wager
regardless of subsequent changes.
- The odds on all point
spread wagers are 10/11 ($110 wagered to win $100) unless specified
otherwise.
Example
Let's assume you wish to place a bet on the Denver Broncos NFL football
team. You like Denver in their game against the Green Bay Packers and think
that they can win the game and you’ve got $100 to bet with. The line on the
contest would appears as follows:
GREEN BAY by 5
Denver 46
The point spread is shown as "by 5" meaning that
Green Bay is favored and expected to win by 5 point or more. The number 46
refers to the Total Score (Over/Under) and is a separate wager. After
placing your $100 wager (SEE: POINT SPREAD SIMPLE BET for details on
how to place this wager) the game ends with the following results:
GREEN BAY
31
Denver 28
FINAL SCORE
Even though Denver lost the game you would have
won the bet, winning $190.90 ($90.90 won + $100 bet). By adding the 5 points
to the Bronco's final score, the final betting score becomes:
GREEN BAY
31
Denver (28
+5 =) 33 FINAL SCORE w/ POINT SPREAD
TOTAL SCORE
(OVER/UNDER)
A total score wager (also known as an
Over/Under wager) is a single wager on the total number of points that will
be scored by both teams combined at the end of the contest. Rather than
wagering on whether one team is going to win or lose you are betting on the
total number of points scored by both teams combined.
Rules
- To win an OVER wager,
the total points scored by both teams combined (sum) must exceed the
posted number
- To win an UNDER wager,
the total points scored by both teams combined (sum) must be less than the
posted number
- If the Total Score is
the same as the number for the (a tie/push) then the wagered amount is
refunded.
- The Total Score
(Over/Under) number is subject to change at any time.
- Once a wager is
confirmed at a given Total Score number, that is the number for that wager
regardless of subsequent changes.
- The odds on all Total
Score wagers are 10/11 ($110 wagered to win $100), unless otherwise
specified.
Example
Let's assume you are really interested in the Green Bay Packers versus the
Denver Broncos game. You really like both teams and aren’t sure who is going
to win but you know that both teams have a strong tendency to score a lot of
points with their potent offenses. The perfect wager in this case is to
wager that the total score of the contest is going to go OVER the posted
total score number. Checking the lines posted on the contest you see the
following:
GREEN BAY by 5
Denver 46
The 46 number across from Denver represents the
Total Score line (Over/Under) on this contest. The number represents the
expected total number of points to be scored by both teams combined at the
end of the contest. You know that both teams are going to score a lot of
points, therefore, the obvious choice is to wager that the combined score
will go OVER 46 points (SEE: TOTAL SCORE (OVER/UNDER WAGER). After placing
your wager the game is played with the following results:
GREEN BAY
31
Denver
26 FINAL SCORE
TOTAL SCORE
57 (11 points OVER 46)
By combining both scores you end up with 57
total points scored. The Total Score number was 46 points, meaning you won
the bet easily by a 11 point margin!!
MONEY LINE WAGER
This wager is simply a straight wager on
which team will win the contest outright. However, the pay off odds for each
team vary depending on which team is favored to win.
Rules
- Pay off odds determine
which team is favored, usually the favored team will have a "-" (minus)
sign next to the odds.
- No sign, or a "+" (plus)
placed before the line, would mean that the team is the underdog.
- On a double negative
match-up, the highest of the negative lines id the favorite of the game.
- All lines are based on a
$1.00 value. Meaning, for all negative lines, the price (on this decimal
value) of the money line is what the customer wagers to win one dollar.
For example: on a line of -170, the customer has to wager $1.70 to win
$1.00.
- On a positive money
line, the price (it's decimal value) of the money line is what the
customer wins risking one dollar. On a line of +130, the customer would
lay $1.00 for every $1.30 he/she wants to win.
- There are no set pay off
odds, each team in a contest has different pay off odds for winning
- Including the point
spread, if the wager results in a tie (push) then the wagered amount is
refunded.
- The pay off odds are on
either team are subject to change at any time.
- Once a wager is
confirmed at the given odds, those are the odds for that wager regardless
of subsequent changes.
Example
Let's assume you are really interested in wagering $100 on the Green Bay
Packers in their game against the Denver Broncos. You really like Green Bay
to win but your not sure if they can beat Denver by 5 points. A money line
bet will let you bet the Packers without taking a chance with beating the
point spread. Checking the lines posted on the contest you see the
following:
Contest Point Spread
Money Line Total Score (Over/Under)
GREEN BAY by
4 -170 46
Denver
+150 46
Green Bay is the favored team here as noted by
the "-170" under the money line bet. Selecting Green Bay to win on a money
line wager for $100 will result in winning $158.82 (or odds of $170 wagered
for each $100 won). For illustration purposes, on the opposite side, the
underdog team Denver has 150 listed beside it, and translates into winning
$250 for each $100 wagered on Denver to win the contest.
PARLAYS
A parlay is a multi-proposition bet,
stringing together multiple point spread bets, total score bets, money line
bets, or any combination of the those in order to increase the pay off odds.
Rules
Ø All wagers included in parlay must win
for the parlay to win and pay off
Ø A tie or push of any of the contests
included in the parlay removes that wager from the parlay, leaving only
remaining games in parlay (3 wager parlay becomes 2 wager parlay or 2 wager
parlay become straight bet). This also applies to a canceled or postponed
contest. Note that when a two-team parlay becomes a straight bet, the
original amount of the parlay is risked on the straight bet. The payout of
the wager is calculated with the odds of the remaining team.
Ø Parlaying wagers from different sports
is allowed (when technically possible)
Ø Pay off odds increase as number of
wagers parlayed increase (SEE: PARLAY ODDS TABLE)
Ø Minimum of 2 wagers, maximum of 10
Ø Circled contests may not be included in
a parlay
Ø Up to one point may be bought on a two
and a three-team parlay only.
Ø Limits cannot be exceeded by betting the
same parlay multiple times (we reserve the right to void all bets if this is
found to be the case)
Example
Let's say you’ve got $100 to wager with and
want to bet on the Nebraska Cornhuskers of college football, the Dallas
Cowboys of the NFL, and the Over on the Green Bay Packers game in the NFL.
After doing your homework, you are very confident that all these wagers are
winners. To take advantage of this situation and maximize your
profitability you would want to parlay all three wagers together. By doing
this you increase you potential winnings from $90.90 to $600 on the same
$100 wagered. Now, let’s illustrate the difference in wagering your $100 on
each individual contest and the same $100 on parlaying all 3 games
together. Selecting the appropriate contests the contest would appears as
follows:
Individual Bets
NEBRASKA by
13
Colorado
Bet: $33.33 Win: $63.63
Washington by
6
DALLAS
Bet: $33.33 Win: $63.63
GREEN BAY by
6
Detroit
Bet: $33.33 Win: $63.63
TOTALS: Bet: $100.00 Win: $190.90
Parlayed Bets
NEBRASKA by 13 (Parlay)
Washington by 6 (Parlay) GREEN BAY by 6
Colorado DALLAS 45
Detroit 42 Bet: $100 Win: $700.00
TOTALS: Bet: $100.00 Win: $700
As seen above, a
parlay significantly increases your pay off odds over those paid on straight
bets. The trade off is that each wager must be won individually in order
for the parlay to win and pay off.
BASEBALL/HOCKEY Example Baseball and hockey
parlay odds are figures based on the particular contests chosen for the
parlay. For example, the odds for a 3-wager baseball or hockey parlay will
change depending on the teams/totals chosen for the parlay. The following
baseball parlay example illustrates this (hockey parlays are figured exactly
the same as baseball). Let’s place a 3-wager $100 parlay on the Boston Red
Sox’s, Texas Rangers, and the Over on the San Francisco Giants vs. St. Louis
Cardinals baseball games. The lines are as follows:
Atlanta
–180 (O 11 – 120) San Diego +220 (O 10
-110) San Francisco -105 (O 9 +125)
BOSTON
+160 (U 11 – Even) TEXAS -260 (U 10 –110) ST.
LOUIS -105 (U 9 –145)
First, let’s make
sure that everyone understands what appears to be a complex mathematical
equation in the form of the lines. The “-180” and “+160” indicate that
Atlanta is favored with odds of 100/180 on betting them to win (risk $180 to
win $100) and that Boston is the underdog with 160/100 odds for a win bet on
them (risk $100 to win $160). The Total Score/Run also has money line odds,
the “(O 11 –120)” and “(U 11- Even)” indicate that betting the total score
will exceed 11 has odds of 100/120 (risk $120 to win $100) and betting the
total score will be under 11 has odds of 100/100 (even money, risk $100 to
win $100).
Now let’s show
what the odds are for our choices for the 3 wager parlay; Boston Red Sox to
win +160, Texas Rangers to win –260, and Over 9 runs scored in the San
Francisco Giants at St. Louis Cardinals +125. Looking up each one of these
odds in the BASEBALL/HOCKEY PARLAY ODDS CONVERSION TABLE gives the
following decimal odds for each:
Boston +160 =
2.60 Texas –260 = 1.38 Over (SF vs. STL) +125 = 2.25
Thus, the pay off for parlaying
all three wagers together is figures as such:
Pay Off = (2.60) x (1.38) x
(2.25) = 8.073 x $100 (wager amount) = $807.30
The pay off for the 3-wager parlay is $807.30
($707.30 won + $100 wagered). Each parlay must be figured independently for
the given money lines offered. Fortunately, this is done automatically when
you select your wager amount for the given parlay.
Coaches Corner has a good
parlay calculator on their
website
TEASERS
A teaser is a special type of parlay in which
you adjust the point spread or total of each individual play in your favor.
The price of moving the point spread (teasing) is lower pay off odds for
winning wagers.
Rules
-
All wagers included in teaser must win for the
teaser to win and pay off
-
A tie or push of any of the contests included
in the teaser removes that wager from the teaser, leaving only remaining
games in the teaser. In this event the payout odds will change to reflect
the number of teams remaining in the teaser.
-
A two-team teaser with a push is a loss.
-
Teasing wagers from different sports is
allowed (when technically possible)
-
You may only tease the complete game on the
spread or the total, not any fraction of the game (first half, half time,
quarters, etc.)
-
Pay off odds increase as number of wagers
parlayed increase (SEE: TEASER ODDS TABLE BELOW)
-
Minimum of 2 wagers, maximum of 10
-
Circled contests may not be included in a
teaser
-
Football and basketball are the only sports
teaser wagers can be placed on
-
Teaser points will apply to each wager in the
teaser (you cannot tease one wager 6 points and another 7 points within
the same tease)
-
In the event one of the contests included in a
teaser is canceled or postponed, that contest will be removed from the
teaser and the remaining contests will constitute the teaser (i.e. 3
wager teaser will revert to a 2 wager teaser). If the initial teaser only
involves 2 contests or 2 wagers on the same contest then the teaser will
be canceled and all wagers refunded.
-
Teasing wagers from different sports is
allowed (when technically possible)
-
No Buying Points on Teasers
Limits cannot be exceeded by betting the same
teaser multiple times (we reserve the right to void all bets if this is
found to be the case)
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Teaser Odds Table
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# of Points Teased
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|
Basketball
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4
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4.5
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5
|
|
Football
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6
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6.5
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7
|
|
|
|
|
No. of wagers
|
Odds
|
|
2
|
10 to 11
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5 to 6
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10 to 13
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|
3
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8 to 5
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3 to 2
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6 to 5
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|
4
|
5 to 2
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2 to 1
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9 to 5
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|
5
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9 to 2
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4 to 1
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7 to 2
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|
6
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6 to 1
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5 to 1
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4 to 1
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7
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9 to 1
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8 to 1
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7 to 1
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8
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14 to 1
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12 to 1
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10 to 1
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Example
Let's say you’ve got $100 to wager with and want to bet on the Nebraska
Cornhuskers of college football, the Dallas Cowboys of the NFL, and the Over
on the Green Bay Packers game in the NFL. However, after viewing the point
spreads on each contest your not quite sure if your teams can overcome the
points. Moving the point spread a full 6 points (a touchdown) in the favor
of each of your teams would make your decision much easier. This can be
accomplished by simply teasing these games together. Selecting the
appropriate contests the process would go like this:
Regular Posted Lines Lines After
Teasing Contest Together By 6 Points
NEBRASKA by 13 NEBRASKA by 7
Colorado
Colorado
Washington by 6 Washington by 0
DALLAS 45 DALLAS
45
GREEN
BAY by 6 GREEN BAY by 6
Detroit 42
Detroit 36
Notice that
each wager is adjusted by the same margin
REVERSE BETS
The Reverse Bet is a money management tool
for the bettor similar to an IF bet. 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
(each bet is for the same amount). All bets in the Reverse are bet with the
condition “If, win only” meaning the next bet will only be placed if the
previous one wins (ties or cancellations will void all subsequent bets).
Rules
Ø The rules of IF bets apply
Ø The amount chosen for the Reverse is the
same amount for each IF bet in the Reverse
Ø The maximum risk of the Reverse is
calculated by multiplying the highest risk between the straight bet times
two.
Ø The maximum win is calculated by adding
all wins of the straight bets on the IF bets.
Ø 2-10 teams may be including in a
Reverse. In the case of more than two teams chosen the reverse is all
possible combinations of two team if bets and their reverse with all the
selections.
Ø Each bet included in the Reverse is bet
under the condition IF Win Only. Ties and cancellations will void all
subsequent bets
Ø No Open bets are allowed in a reverse
Example
Let’s say you have locked two picks for Sunday’s football. You want to make
more money than a straight bet, but you want to minimize your losses. The
reverse bet allows you to do this. By definition a Reverse is a two-way IF
bet following always the IF win, tie, cancel condition. Let’s give an
example to make it easy to understand how it works.
2 team Reverse for
$100
Vikings -3
Seahawks 38
This is the
equivalent of having the following two if bets:
2 team if bet
Vikings
-3 risking $110 to win $210
If win, tie,
cancel
Seahawks Over
38 risking $110 to win $210
2 team if bet
Seahawks Over
38 risking $110 to win $210
If win, tie,
cancel
Vikings
-3 risking $110 to win $210
On the first If
bet you are risking $110 to win $310 and so on the second if wager.
Therefore, with a Reverse bet you are risking a maximum of $220 to win a
maximum of $620. Let’s analyze all the possible scenarios.
1) Vikings win and Seahawks over win: In
this situation you will win the maximum possible. In this case a total of
$400 plus the $220 risked for a total of $620.
2) Vikings win and Seahawks lose: In this
case on the first if bet (Vikings if to the Seahawks) you win the top
straight bet and lose the second one. For a total loss of $10. On the second
if (Seahawks if to the Vikings) you lose the first straight, having no
action on the second one. For the second if there is a loss of $110. This
gives a net loss of $120 for this situation.
3) Seahawks win and Vikings lose: This
follows the same result as the last example.
Both teams lose: This would make for
this example the worst-case scenario and you would lose the $220.
ROUND ROBIN BETS
The Round Robin is an excellent tool to
minimize the risk of combining several teams in one parlay while still
capitalizing on higher payoffs offered by parlays. A Round Robin is a
multi-team wager that allows you to use the same teams to create a group of
parlays. By definition a Round Robin is all possible combinations of two,
three or more team parlays with the chosen teams. When more than 3 teams
are selected, options are available for how the parlays are combined (2 team
parlays, 3 team parlays,……etc). For example, in choosing a 4 team Round
Robin there would be an option of combing the teams in 4 – 3 team parlays or
6 – 2 team parlays.
- Rules
All parlay rules apply.
You may buy points on combinations of two and three team parlay Round
Robins.
Round Robin wagers from different sports is allowed (when technically
possible)
3-10 teams are allowed in a Round Robin
Circled contests may not be included in a Round Robin
Example
Let’s say you are betting on the Sunday NFL games. You did your analyzing
already and picked three games. You really like these games and you are sure
all of them are winners. You don’t want to place them on a three team
parlay, because you want to minimize you losses. You don’t want to have them
on straight bets either because the profit is not what you are looking for.
This is the perfect scenario for a Round Robin. You place all three teams on
a Round Robin and you have all possible combinations of two team parlays, in
this case, with all three teams chosen. You will lay the same amount chosen
on the Round Robin per parlay. To finish our example, let’s name our picks:
Minnesota Vikings, St. Louis Rams and Green Bay Packers.
3 team Round Robin
for $100
Vikings -3
Rams -10
Packers -7
This 3 team Round
Robin is the equivalent to have the following parlays:
2 team parlay
Vikings -3
Rams -10
Risking $100 to
win $260
2 team parlay
Vikings -3
Packers -7
Risking $100 to
win $260
2 team parlay
Rams -10
Packers -7
Risking $100 to
win $260
In this example
your Maximum Risk is $300. Your Maximum Win is $720. This is the maximum
money you can loose and the maximum money you may win. But remember by
choosing this play you are minimizing your risk by splitting your plays into
three two team parlays.
BUYING
POINTS
This wager is an
additional wager placed on a point spread or total of the game wager,
allowing the user to move the point spread in the favor of the team or total
they choose. The price of moving the point spread is a lower pay off for the
wager.
Rules
- Point spread rules apply
- Points are purchased in
half point increments.
- The price of purchasing
additional point is lower pay off odds (SEE Table Below)
- Points may be purchased
on Total Score wagers when offered (not offered for Baseball Totals)
- Point may not be
purchased on circled games, parlays, teasers and action points.
- Up to 3 points may be
bought on If bets and Reverses.
- Up to 1 point may be
bought on a 2 and 3 team parlay. No points may be bought on parlays above
3 teams.
- When buying points on or
off a 3 point spread line, there is an extra 10 cent charge to the price
of the game in pro and college football.
Buy Points Odds Table
|
# Points
|
Odds
|
Cost
|
New ML Odds
|
Decimal
|
Payout
|
|
1/2
|
10 to 12
|
-10
|
-120
|
.8333
|
1.8333
|
|
1
|
10 to 13
|
-20
|
-130
|
.7692
|
1.7692
|
|
1 1/2
|
10 to 14
|
-30
|
-140
|
.7143
|
1.7143
|
|
2
|
10 to 15
|
-40
|
-150
|
.6667
|
1.6667
|
|
2 1/2
|
10 to 16
|
-50
|
-160
|
.6250
|
1.6250
|
|
3
|
10 to 18
|
-70
|
-180
|
5556
|
1.5556
|
|
3 1/2
|
10 to 20
|
-90
|
-200
|
.5000
|
1.5000
|
|
4
|
10 to 22
|
-110
|
-220
|
.4545
|
1.4545
|
|
4 1/2
|
10 to 24
|
-130
|
-230
|
.4167
|
1.4167
|
|
5
|
10 to 26
|
-150
|
-260
|
.3846
|
1.3846
|
|
5 1/2
|
10 to 28
|
-170
|
-280
|
.3547
|
1.3547
|
|
6
|
10 to 31
|
-200
|
-310
|
.3226
|
1.3226
|
|
6 1/2
|
10 to 34
|
-230
|
-340
|
.2941
|
1.2941
|
|
7
|
10 to 37
|
-260
|
-370
|
.2703
|
1.2703
|
|
7 1/2
|
10 to 40
|
-390
|
-400
|
.2500
|
1.2500
|
|
8
|
10 to 43
|
-320
|
-430
|
.2326
|
1.2326
|
|
8 1/2
|
10 to 46
|
-350
|
| 
