Types of Sports Bets
Here is some useful information on the basic bet types:
Straight Bets
The team wagered on must win by the point spread given at the time of the wager. For straight wagers, unless otherwise indicated, the odds are -110. Games that tie are considered “no action” and money is re-deposited back into your account. Due to changing events, the point spread may fluctuate at any time.
Example: Player wagers $110.00 on Miami -7 to beat Buffalo +7
If Miami wins by more than 7 points the player wins $100.00. The total payout including the initial wager would be $210.00. If Miami only wins by 7 points then the game is considered “no action” and all money is returned to the bettor. If the Miami wins by less than 7 points the wagers is lost.
Totals
The combined score of both teams for games wagered on, all totals lay $1.10 to win $1.00 unless it is otherwise indicated.
Example: The player lays $220.00 on the OVER in the Miami/Buffalo game. The total for the game is 45. If both teams’ combined score is more than 45 than the player would win $200.00. If the combined score is equal 45 the game is considered “no action” and the money is returned. If the combined score is less than 45 then the wager is lost.
Money Line Bets
The team wagered on just has to win the game. The amount you lay or take for each game may vary. The money line that is read to at the time of your wager is the money line you keep regardless of any line movement.
Example: The player wagers on Miami -160 at Buffalo +260. If Miami wins then the player would lay $160.00 to win $100.00. If the player bet on Buffalo then the player would lay $100.00 to win $260.00.
Halftime
The wager is placed on the odds posted for the first or second half of a game only. All wagers must go the full half for action. All halftime wagers are calculated the same as a straight wager unless otherwise indicated. There are no teaser plays or buying of points on halftimes.
Parlays
This is a selection of 2 or more teams (up to 10 teams) or propositions in no particular order. All teams wagered on in a parlay must win. If there is a tie, it reverts down to the next lowest number for payoff.
Example: Player wants to make a 5 team parlay:
Miami -7 New York +3 Seattle -4 Denver -10 San Francisco -8
If all these games win then the player would have won at 20-1 odds. If only 1 team loses then the entire parlay loses. More information about Parlays.
Teasers
This is a selection of two or more teams in one wager in which the point spread is adjusted in your favor. The number of teams selected and the number of points selected determines the payout odds. More information about teasers.
Futures and Propositions
Future wagers are based on the outcome of events. All wagers are final. There will be no payouts until the conclusion of the specified event. Odds change daily and all wagers are considered action at the odds quoted at the time of the wager.