| DIFFERENT WAGER TYPE - COMPLETE MANUAL | |||||||||||||||||||||||||||
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Point Spreads Point spread wagering is the most common form of wagering. Points are either added to, or subtracted from a team's score. If you bet on a favorite the team must win by more than the spread. If you bet the underdog the team you bet cannot lose by more than the point spread. Example: The Patriots are playing Jets this Sunday, everyone knows the Patriots will easily defeat the Jets. What point spread wagering asks is not who is going to win, but by how much is a particular team going to win by. The Patriots are a 7 point favorite over the Jets. This is the way that the game is portrayed visually (the way you will see it on your computer screen when placing a bet):
Reading Point Spread Lines The numbers on the left (numbers 303 & 304) are called the rotation numbers. These are the numbers assigned to the teams for the purposes of betting; these numbers are usually universal throughout the betting community. The Patriots are listed on top of the Jets, this tells the player that the Patriots are the visiting team. The -7 next to the Patriots shows that the Patriots are a 7 point favorite over the Jets. If you place a wager on the Patriots you need them to win by 8 points or more to win your bet. |
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Conversely, if you bet the Jets, you would be getting 7 points. If the Jets lose by 6 points or less you win your wager, if they lose by 7 it is a push, and if they lose by 8 or more you lose your bet. Let's say you bet the Jets +7 points.
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Point Spread (Totals) A "Total" wager is a bet on whether or not the final score will go "over" or "under" the total posted by the sportsbook. Example:
The total of a game is always posted on the same line as the favorite. If you bet the total to go over 35 and the final score was:
The juice for a total bet is usually the standard 11 to win 10. |
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Money Lines When betting on the money line all you have to do is select the winner. Larger favorites will require you to "lay" more money for a return. Because they are less likely to win the game/match underdogs payout larger than the amount risked when they win. Example: Giants are playing the Cowboys and the Giants are -3. You think the Giants will win but maybe only by a field goal or less.
Like point spread wagering, the favorite is indicated by a minus (-) sign. The money line is based on a $100 wager. If you wanted to bet the Giants on the money line you would have to "lay" $155 to win a $100. However, if you wanted to bet the Cowboys on the money line for every $100 you risked, you would get $135 in return, if the Cowboys won the game outright. |
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Buying Points: On point spread and total wagering (full game only) you are allowed to "buy points". Buying points means you can move the line up to 2 points in your favor. The way this works is for every ½ point you want to buy, you must risk extra juice. Certain sports and spreads cost more juice to purchase than others. Refer to the point buying section for an up to date listing. Prop Bets: These are wagers made on a very specific outcome of a match. Examples include guessing the number of goals each team scores in a soccer match, betting whether a wide receiver in a football game will net more or less than a set amount of total yardage, or wagering that a baseball player on one team will accumulate more hits than another player on the opposing team. Parlays: A parlay involves multiple bets (usually up to 15) and rewards successful bettors with a large payout. For example, a bettor could include four different wagers in a four-team parlay, whereby he is wagering that all four bets will win. If any of the four bets fails to cover, the bettor loses the parlay, but if all four bets win, the bettor receives a substantially higher payout (usually 10-1 in the case of a four-teamer) than if he made the four wagers separately. Round Robins: A Round Robin is a series of parlays. A three-team Round Robin consists of one three-team parlay and three two-team parlays. Teasers: Like a parlay, a teaser is the combination of multiple straight wagers, and the line is moved in your favor. These are two or more teams or propositions in which additional points are either added to the underdog or subtracted to the favorite. A teaser allows you to move the line much more dramatically than buying points allows (up to 21 points in some cases). Pleasers: Also known as a Reverse Teaser, a Pleaser is a group of side straight bets combined into one bet for higher payoff odds, like a Parlay. The difference between a Pleaser and a Teaser is that with a Pleaser, the line you bet against for each individual wager is moved against your favor by 6 points. A Pleaser is similar to a Teaser except that with a pleaser you GIVE AWAY points instead of receiving points. If the regular line is -10 your line with the pleaser would be -16. Most sports bettors play teasers because of the increased odds in the players favor. If Bets: An IF bet is a selection of two straight wagers joined together on one bet by an "if" clause. This type of wager allows you to limit your risk by placing two straight bets on one betting ticket. Your second bet will only have action "if" the first bet in the sequence is successful. An "if" bet is also useful if you want to make multiple (2-6) straight bets, but do not have adequate funds in your account to cover the extra bets unless the first bet wins. Action Reverses: An Action-Reverse bet is a pair of If Action bets. The pairs are made by taking the original If Action wager and placing another If Action wager in reverse order. Not only is it a wager that if A wins or pushes, then B, but also If B wins or pushes then A. Rolling If Bets: A Rolling If Bet (RIF) allows you to make a wager pending the outcome of a previously placed wager that is currently in progress, or has yet to begin. With RIF wagers you are able to "roll" one wager into another one. Rolling If Bets are "if win only" or "if win or push (or cancel)." Maximum 2 rolling bets from original bet. Futures: This bet predicts a future accomplishment by a team or player. One example is a bet that a certain NFL team will win the Super Bowl for the upcoming season. Odds for such a bet generally are expressed in a ratio of units paid to unit wagered. The team wagered upon might be 50-1 to win the Super Bowl, which means that the bet will pay 50 times the amount wagered if the team does so. |
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