STRAIGHT BET *Please note that all bet examples provided does not include "juice fee" as it varies from bookie to bookie.
Straight bets are made when you choose a team and the point spread or the over/under. The payout ratio of the bet is 10/10 or $100 to win $100.
Example: Toronto Raptors +6
Chicago Bulls -6
-If the straight bet is on the Bulls -6 then the Bulls must win by more than 6 points for the bet to win.
-If the straight bet is on the Raptors +6 then the Raptors cannot lose by more than 5 points for the bet to win.
-If the game lands on 6pts. then your bet is a "push/draw" and will result in "no action".
i.e.: Final Score: Rap 90 and Bulls 96
PARLAYS *Please note that all bet examples provided does not include "juice fee" as it varies from bookie to bookie.
Parlays are Two or more teams or totals combined to make one wager. All of your selections must cover the spread in order to win in a parlay.
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.
ROUND ROBIN *Please note that all bet examples provided does not include "juice fee" as it varies from bookie to bookie.
Round Robin is a wager in which 3 to 15 teams or totals are combined into a single play and all possible combinations of Parlays chosen by the player. Any pick that can be parlayed may be placed in a Round Robin.
Because the Round Robins are turned into Parlays, the same rules apply as in a regular Parlay: • If one of the teams loses, all parlay combinations with that team are a loss.
• If one team pushes, then all combinations with that team would turn into the lower Parlay or Straight bets risking the same amount of the Parlay.
• Open spots are not allowed in Round Robins.
• Points may be bought on as many picks as the player wants in a Round Robin, as long as the Round Robin is broken into only 2 or 3 team combinations.
Also, whatever the player risks on the Round Robin must be applied to each of the 2 Parlay combinations
Example:New York Knicks +7 -100Houston Rockets +8 -100 - A $50 RR, in combinations of 3 by 2’sCleveland/Denver Over 188 -100
| 1st Parlay |
2nd Parlay |
3rd Parlay |
| Knicks +7 |
Knicks +7 |
Houston +8
|
| Houston +8 |
Cleveland / Denver Over 188 |
Cleveland / Denver Over 188
|
| Risk $50 / Win $130 |
Risk $50 / Win $130 |
Risk $50 / Win $130 |
A 3 team Round Robin for $50 has 3 possible 2 team Parlay combinations, so the maximum risk would be $150; each parlay would win $130, so the maximum win would be of $390.
TEASERS *Please note that all bet examples provided does not include "juice fee" as it varies from bookie to bookie.
Teasers are wagers in which 2 to 15 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 +5pts = the teased line is now +9
Knicks -3 +5pts = the teased line is now +2
The payout in a 2 team teaser for 5pts. is 10/10 In this case you will lay $100 to win $100.
Please note that in a teaser bet the following rules applies:
- A tie + a loss = a loss
- A tie + a win = a tie
For actual teaser points and payout ratios, please check with your bookie.
PLEASERS *Please note that all bet examples provided does not include "juice fee" as it varies from bookie to bookie.
Pleasers bets are similar to a teaser bets, only you give versus receive additional points.
Additional points are subtracted from the underdog and to the favorite.
Example -If the regular line on your selection is -4 and you select a pleaser bet, then your line would be -10.
Below are some good examples of Pleaser bets:
Green Bay -3 Detroit -8 --- New York Giants +3 New York Jets +8
A "Two Team Pleaser bet" on Green Bay and Detroit would be: Green Bay (-9) and Detroit (-14)
A "Two Team Pleaser bet" on NY Giants and NY Jets would be: NY Giants (-3) NY Jets (+2)
Please note that in a pleaser bet the following rules applies:
- A tie + a loss = a loss
- A tie + a win = a tie
For actual pleaser points and payout ratios, please check with your bookie.
IF BETS *Please note that all bet examples provided does not include "juice fee" as it varies from bookie to bookie.
If bets help players who want to have action on more than one game but based on the result of the 1st wager. There are 2 types of if bets, “If Win Only” and “If Win/Ties or cancelled.
If Win Only example: Dallas Cowboys -5 $100 to win $100
If Win Only Carolina Panthers +4 $110 to win $100
-If the Cowboys lose, the wager stops there and is scored a loser -$100;
-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.
-If the Cowboys win by exactly 5, then there will be no action on the Carolina Panthers and the 100 will go back to your account.
If Win/Ties or cancelled example: Dallas Cowboys -5 $100 to win $100
If Win/Ties or cancelled Carolina Panthers +4 $100 to win $100
In this case, the player will have action on the second part of the wager if Dallas wins by 5 or more points.
REVERSE *Please note that all bet examples provided does not include "juice fee" as it varies from bookie to bookie.
A Reverse wager connects two contestants in two separate "IF bets". The first IF would connect contestant A to contestant B, the second bet would connect contestant B to contestant A.
Keep in mind Reverses are "If bets" where you need to select if win only or if win/ties or cancelled.
Example: A player wants a $100 Action Reverse with the New England Patriots -9, and the Denver Broncos +6; the play would look like this.
Part A: New England Patriots -9 Risking $100 to win $100, If that play wins or pushes then there will be action on the Denver Broncos +6 risking $100 to win $100.
If the New England Patriots don't cover the -9 spread then there will be no action on the Denver Broncos +6.
AND Part B: Denver Broncos +3 risking $100 to win $100, if that play wins or pushes then there will be action on the New England Patriots -9 risking $100 to win $100. If the Broncos don't cover the +3 spread then there will be no action on the Patriots -9.
The total risk amount is $200.00, but the player has a possibility of winning up to $400.00.
