You will find below some of the type of sports wagers you can make betting sports and the data below is courtesy of Bookmaker Sportsbook. Don’t know what a straight bet, parlay or a teaser bet is all about? Look no further then to the explanation provided below.
Sports Betting information below provided by Bookmaker.com.
Straight bets are made when you choose a sports team and the ats point spread. The cost of the bet is 10/11 or $110 to win $100.
Example: Let's say the Toronto Raptors +6.0 vs. Chicago Bulls -6.0 If the straight bet is on the Bulls -6.0 then the Bulls must win by more than 6.0 points to win the bet. If the straight bet is on the Raptors +6.0 then the Raptors cannot lose by more than 5.0 points for the bet to win. If the game lands on 6.0 points, then your bet is a "push/tie" and will result in "no action" and you will be refunded your initial bet. i.e: Final Score: Rap 90 and Bulls 96.
Parlay Bets
Parlay Payoffs is when two or more teams or totals can be combined to make one wager. Circled games cannot be parlayed. Proposition plays, and future bets cannot be parlayed.
You may estimate Parlay Payoffs by following steps (example provided):
Let's say you play the Pirates +150 and the Pirate game over 8 -120 in a two team parlay and you bet $100. Use the following steps to determine your winnings or should we say potential winnings.
1. Calculate Parlay Factor for each piece: if the price of the piece is positive - simply add one to get factor, if the price of the piece is negative v calculate reciprocal, multiply by -1, and then add one. 1.50 + 1 = 2.50 -1.20 (take reciprocal or divide one by the negative price) 1/1.20 = 0.83 + 1 = 1.83 2. Multiply all factors - then multiply this factor times the bet amount - the result is the payoff (including your bet) 2.50 x 1.83 = 4.57 (now multiply this times your bet) x 100 = 457 $457 is your total return if both pieces win (including your bet amount) 3. Subtract your bet from the figure calculated in 2 - Result is your winnings. 457 - 100 = 357 Winnings This will also work for three, four, five,... team parlays, simply follow the steps.
Note: This is will provide you with a rough estimate; actual winnings may differ due to rounding.
In case of tie or no action the parlay will revert to lower level payoff, except in a 2 team parlay where a tie reverts to a straight bet. (!) All parlays are based on a true odds format except for parlay cards. PARLAYS PAYOFFS
- 2 Teams 2.645
- 3 Teams 5.958
- 4 Teams 12.283
- 5 Teams 24.359
- 6 Teams 47.413
- 7 Teams 91.394
- 8 Teams 175.446
- 9 Teams 335.852
- 10 Teams 642.082
- 11 Teams 1226.701
- 12 Teams 2342.793
- 13 Teams 4473.514
- 14 Teams 8541.254
- 15 Teams 16306.940
Note: Maximum parlay payout is $ 150,000
Teasers
Teasers are wagers in which 2 to 7 teams are selected together in one wager with an adjusted point spread. In a teaser you can add points to the sides or mix both sides and totals adding or subtracting to the totals. If one selection loses the teaser is considered a loss.
Example: 2 team teaser 5pts for $100 Lakers +4 +5 pts = the teased line is now +9 Knicks -3 +5 pts = the teased line is now +2 The payout in a 2 team teaser for 5 pts. is 10/13 In this case you will lay $130 to win $100.
FOOTBALL TEASERS
6 pts 6½ pts 7 pts
- 2 Team NFL * -110 -120 -130
- 3 Team +180 +160 +150
- 4 Team +300 +250 +200
- 5 Team +450 +400 +350
- 6 Team +600 +550 +500
- 7 Team +800 +700 +600
- 3 Team 10 Pts = -120
A tie plus a loss is a loss *
A tie plus a win is NO ACTION *
BASKETBALL TEASER
POINTS 5 pts 5½ pts 6 pts
- 2 Team -110 -120 -130
- 3 Team +180 +160 +150
- 4 Team +300 +250 +200
- 5 Team +450 +400 +350
- 6 Team +600 +550 +500
- 7 Team +800 +700 +600
* TIE + LOSS = LOSS * TIE + WIN = PUSH
MAX TEASER PAYOFF LIMIT PER COMBINATION
Point Spreads Only Where Totals are Included
NFL $20,000 $5,000
College Football $10,000 $3,000
NBA and College Basketball $10,000 $5,000
If Bets
If Bets"If bets" allow the customer to make a second wager pending a win on the first selection. "If" wagers must be made on one call.
Example: Dallas Cowboys -5 $110 to win $100 IF (if win, tie, or cancel) Carolina Panthers +4 $110 to win $100 If the Cowboys lose, the wager stops there and is scored a loser -$110; if the Cowboys win +$100 the wager continues to the Panthers wager; if the Panthers win, the wager is a $200 winner; if the Panthers lose the wager is a $10 loss.
Reverse Bets
Reverse Bets are always double action IF bets.
Example: Part A: Cowboys -5 $110 to win $100 IF (if win, tie, or cancel) Dolphins -14 $110 to win $100 Part B: Dolphins -14 $110 to win $100 IF (if win, tie, or cancel) Cowboys -5 $110 to win $100 If both teams win +400 One win, one loss -120 Both teams lose -220 Push +200
Action Points
Action Points are available for football and basketball. Action Points are for the bettor who not only can predict which team will win the game, but by how many points. Your action point wager is capped from 1 point to a maximum of 10 points, and the wager you risk cannot exceed your available balance. On this type of wager, you risk $110 for every $100 wagered.
Example: Atlanta Hawks 191 Houston Rockets -5 Suppose you wager $100 a point on the Houston Rockets and ask for a cap of 10 points. Houston must win by at least 5 points, and for every point over the point spread of 5 that they win by, you win $100. You have the chance of winning between $100 and $1,000. If Houston wins by 9 points, your net winnings would be $400. On the other hand, if Houston fails to cover the point spread, you risk $110 for every point that they fall short of the 5-point spread. You can also use totals either over or under, or the underdog in the game, getting 5 points. Action Points can only be played on a point spread, i.e. a team to win a game.
Money Lines
Football and Basketball betting you are given the option to bet a point spread or a moneyline bet. With money lines you wager which team is going to win. Disregarding the point spread.
Example: Orlando Magic -280 Houston Rockets +240 If you wager on Orlando -280 you lay $280 to win $100. If you wager on Houston +240 you lay $100 to win $240. The line values are determined base on the point spread. When betting moneylines you are betting on a team to win the game outright.
Open Wagers
Open wagers allow the customer to play teasers or parlays making one selection at different times or even different days.
Example: 3 Team Parlay $100 to win $600 Cowboys -8 Dolphins -14 OPEN* * Any open wager left unfilled/pending for more than 90 days will be cancelled. No open slots on the Internet. No open spots on 10 pt teasers. No open spots on 4 team or more parlays.
