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Straight Wagers

How to Bet with Straight Wagers

Straight bets are bets on any one team and the point spread. Typically the cost of this type of bet would be 10/11 or $110 to win $100.

Example:

  Pittsburgh Steelers -7
  Miami Dolphins +7

If the straight wager is placed on the Steelers -7, then the Steelers must win by more than 7 points for the bet to win.

If the straight wager is placed on the Dolphins +7, then the Dolphins cannot lose by more than 6 points for the bet to win.

If the Dolphins final score is exactly 7 points less than the final score of the Steelers, the bet is a "push" and will result in no action (no payout and no loss of wagered money). For example: Pittsburgh Steelers 34 Miami Dolphins 27.

Teaser Wagers

How to Bet with Teasers

Teasers give you the ability to adjust the point spread for your wagers. Teasers are wagers in which 2 to 7 teams are picked together in one wager - with an adjustment in the point spread. With a teaser bet you can add points to the sides or mix both sides and totals adding or subtracting to the totals. However if one of your selections lose, the whole teaser bet is considered a loss.

Example: 2 team teaser 6 pts for $100

  NY Giants -3 + 6 = the new teased line would be +3

  Oakland Raiders +3 +6 = the new teased line would be +9

Example #2: 2 play teaser 6 pts for $100.

NY Giants -3 +6 AND the Under Total of 34 +6 = the new teased bet would be NY Giants +3 and Under 40.

Example Football Teaser Payoffs:

Money Line

How to Bet on a Money Line

In the larger sports like Football and Basketball, you are given the option to place money line wagers. The money line is a simple bet on which team will win straight up - without any point spread or other total altering factors. This is a simple bet and often very profitable if used correctly. Most will find that it's usually not easy for them to lay their money for a heavy favorite to win.

Example:

Tennessee Titans +460 & New England Patriots -410

If you wager on the Titans at +460 you would lay $100 to win $460.

If you wager on the Patriots at -460 to win straight up you would lay $410 to win $100.

Money line values are determined based on the given games point spread.

Parlays

Parlay Wagers Explained

A parlay is the selection of multiple teams or totals in no particular order to win. The amount of selections from a parlay can go from 2 to as high as 8 - and at some books up to 12. Most books will allow your parlay to combine point spreads, money line and game totals in one wager. In order for your wager to payoff, each selection must win.

Parlay calculations are based on a true odds format. The following chart gives you a good example of how payouts for parlays will look.

Example: 2 pick parlay for $100

Pittsburgh Steelers -7.5 (point spread wager) & Seattle Seahawks -4 (point spread wager)

The payout in a 2 selection parlay, risking $100 to win $260.

If one selection pushes in a parlay with 2 or more picks, they payoff would just change.

However if one selection loses in the parlay the entire wager is a loss.

If Bets

How to Bet with If Wagers

If bets are conditional wagers that allow a bettor to make a second wager pending the result (a win) on his/her first selection.

If bets need to be made at the same time, just like parlays. The second selection in an If bet cannot exceed the amount of the first selection.

Pittsburgh Steelers -3 $110 to win $100 IF (if win, tie, or cancel) Green Bay Packers +7 $110 to win $100

If the Steelers lose, the wager ends and is a loss: Balance = -$110

If the Steelers win the wager continues to the Panthers wager: Balance = +$100

If the Packers win, the wager is a winner: Balance = +$200

If the Panthers lose the wager is a $10 loss: Balance = +$90

If bets are excellent ways to manage your bankroll. You're essentially placing more wagers, the more you win, without risking the loss of more bankroll.

Reverse Wagers

How Reverse Bets Work

Propostions & Futures

What are Proposition Wagers aka Props

A proposition wager is a special wager offered by the online sports book on unique and different topics. These topics can include politics, sporting events, TV shows or any other type of event that a wager could potentialy be placed on. These wagers use the money line format of pay off odds.

Futures are wagers that are really no different than Proposition bets. The book maker may just use the Futures wager to describe an event that takes place well into the future - however still a proposition. Examples below.

Examples of Propositions and Futures:

US Presidential Election 2012 To Win in 2012