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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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