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Point
Spread:
The point spread is the number of points that the favored team is
expected to win by. For example, say the New York Knicks are favored to beat the
LA Clippers by a point spread of 7. That means that if you pick the Knicks to win,
they have to win by more than 7 points for you to win your bet. If they win by
fewer than 7 points or lose the game, you lose your bet. If they win by exactly 7
points (the point spread), the result is a push or tie. That means that you don't
win or lose, your original bet is refunded.
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Money Lines:
The difference between a pointspread bet and a moneyline bet is that
there are no points involved. Instead, money odds are wagered on the favorite or
underdog. There is a different moneyline total for either side on a money line
bet, a negative side (the favorite) and a positive side (the underdog): Dallas
-170 Washington +150 What this means is that Dallas is the favorite and for every
$17 you bet on Dallas, you win $10 if they win. For every $10 you bet on
Washington, the underdog, you win $15 if they win. By offering different odds for
each team the sportsbook is able to balance action on both teams.
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Straight
Bets:
A straight bet is the most common bet, where you pick a single side to win. A
wager on one event whose outcome for wagering purposes shall be determined by a
point spread or money odds. All straight and Total bets are 10/11 unless otherwise
noted at the time of the wager.
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Totals (over/under):
A total wager is a bet on the number of points scored in the game by both
teams combined. You can bet on whether the actual number of total points scored is
over or under the line posted. The total points scored includes points scored in
overtime. You can also bet whether the combined number of points or goals scored
by the two teams in the game will be over or under the total set by the oddsmaker.
For example, if the total is 32 and you believe that the combined points scored by
the two teams will exceed that number, you would bet over 32.
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Parlays:
A parlay bet is a single wager involving multiple propositions. Two or more
straight wagers can be tied together to form one wager. The bettor must chose the
winner of each proposition in order to win the parlay. Payout odds increase as the
number of included propositions increases. All teams must win by the listed point
spread.
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Teasers: (Football and Basketball and
Sides and Totals Only)
A teaser, like a parlay, involves multiple propositions. When betting a teaser
additional points are either added to the underdog or subtracted from the
favorite. Odds are changed in accordance to the number of points the spread is
moved and the number of teams combined to form the teaser.
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If Bets:
If the first game wins, ties cancels or is suspended, etc., you have
action on the remaining team or teams. An IF bet is a combination of 2 - 6
teams.
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Reverse Bets:
A reverse is a series of IF bets going both forward and in "reverse"
order.
Each team included in the Reverse will pair with another team to form two IF bets,
one with that team first and another with that team as the second team in the
IF.
Each bet in the reverse is an individual straight wager for the
full amount of the reverse. Note: Each bet is for the same
amount.
WIN REVERSE
IF win only (single action) .
ACTION REVERSE
IF win/tie/cancel (double action) condition.
Why use this bet
A reverse offers the advantage of a large payout without the risk of
losing the bet if one team loses. For example, if you place a 3-team reverse for
$110 your total risk will be $660. If all 3 teams win you win $1200 and if only 2
teams win you still win $160. This last example is under the assumption that all
money lines were -110.
Reverse Rules:
- The Rules of IF bets apply
- The bet amount chosen for the Reverse is the same amount for each IF bet in the
reverse (you risk the same amount for each IF bet created in the Reverse)
- The maximum win is determined by adding up the individual win amounts of each
bet included in the reverse
- Number of selections allowed 3.
- You may buy points on each selection in the reverse up to a maximum of 2
points
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Props:
A proposition bet is a bet offered with conditions and odds determined by
an oddsmaker. These bets are usually exotic bets like which quarterback will
complete the most touchdown passes, which team will score the last points in a
game, or which will complete the longest field goal. Odds change daily and all
wagers are considered action at the odds quoted at the time of the wager.
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Futures:
Futures are a single wager on the outcome of an event that will be
determined sometime in the future. For example, picking the winner of the NFL
championship, the Stanley Cup, or the World Series.
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Buy
Points:
Buy Points means that you can move the pointspread so that you give away
less points with the favorite or get more points with the underdog, for both
football and basketball.
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Round Robins:
Three (3) or more teams selected to make up a series of parlays. A Round Robin is
a series of parlay-type wagers built from all possible groups of the specified
round robin group size. The selections can be any combination of sides,
over/unders, money lines, run lines, or puck lines.
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Winners and Losers are Official After...
Football (College-Pro).............. 55 minutes of Play
Basketball (Pro)...................... 43 minutes of Play
Basketball (College)................ 35 minutes of Play
Hockey (Pro).......................... 55 minutes of Play
Golf ...................................... 54 holes of Play
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