Wager Types
Betting Point Spread
- The two most popular ways of expressing odds in American football are point spreads and money lines.
When you look at a point spread, you will see one team with a negative number and one team with a positive number. Remember, for sports betting purposes, points are subtracted from the favorite team's final score to determine if the favorite is a winner. That is why the favorite team is always listed with a negative number.
As you might expect, the reverse is true for the underdog. The underdog team is given a positive number because points are added to the underdog team's final score to determine if the underdog is a winner for purposes of the sports bet. Events that tie are considered "no action" - no one wins or loses. Let's look at an example: The New England Patriots are playing the New York Jets. The Patriots are expected to win the game and the spread is 6. So, you see the Patriots listed as -6 and the Jets listed as +6. You place a bet on the Patriots. If the Patriots win by more than 6 points, you win the bet. If the Patriots only win by 6 points, then the game is considered "no action" and all money is returned. If the Patriots win by less than 6 points, you lose the bet. Point Spread with Odds (i.e., golf matchups): A combination of the two above. The selection must win by the point spread, and the payoffs are calculated by the odds.
Parlay Betting Odds
- A parlay is a group of straight bets or totals combined into one bet. For the parlay to be a winner, all of the individual parts of the parlay need to win. You can mix different sports on the same parlay. Parlays Payoffs- Parlay wager payoffs depend on how many teams are selected and the odds on those teams.
Payoffs for football and basketball at odds of -110 are shown in the table below. If there is a tie in one or more of your individual parts, then the wager steps down to the next lower number of teams.
If a two-team parlay has a tie and a winner, then the parlay pays off at straight wager odds on the winning selection.
Progressive Parlays
- A Progressive Parlay works much the same way as a parlay. However, with a Progressive Parlay, there is a consolation payout for having incorrect selections. Once having the minimum amount of correct selections for a payout, each additional correct selection increases the payout odds. A Progressive Parlay with a correct amount of selections that is not listed on the payout chart is a loser. Ties are considered incorrect selections on Progressive Parlays.
Progressive Parlays are available on the internet only. This option is not available for phone wagering.
Click Here for Progressive Parlays Payout Chart
MultiChance Parlays
- A MultiChance Parlay is similar to a Progressive Parlay, as you may still win with incorrect selections. However, the payouts do not increase with more correct selections. Once the minimum amount of correct selections has been won, the Multichance play will be a winner. Winnings from a MultiChance plays are not credited to an account until all selections made ha ve a result.
Multichance plays will not be credited before all selections have concluded (even if the wager is already a winner). When selections have not concluded, you must make use of RIF (rolling-if-bet) wagering options in order to use winnings or potential winnings from this wagering option.
MultiChance Parlays are available on the internet only. This option is not available for phone wagering.
Click Here for MulitChance Parlays Payout Chart
Teasers Payoffs
- Teaser wager payoffs depend on how many teams are selected and how many points are given to each team. Payoffs for football and basketball teasers are shown in the tables below. If there is a push in one or more of your individual parts, then the wager steps down to the next lower number of teams. If a two-team teaser has a push and a winner, then the teaser is "no-action" (refunded).
If a two-team teaser has a tie and a loser, the teaser loses. You may have your account set up for "Vegas" teaser rules (a tie and a loser = a TIE). This rule only applies to two-teaser options where tie selections are a push. Any teaser, where ties automatically win or lose, does not apply for "Vegas" teaser rules. By choosing this option, the account will not be eligible for bonuses of any kind. Only teasers played AFTER choosing this option will apply for the "Vegas" rules. Not all accounts will be eligible for this rule change.
Customers may still have "Monster Teasers" applied to their account setup. Please be aware that Ties Lose on all "Monster Teasers".
Sportbet reserves the right to change teaser payouts on an individual account at any time without prior notice.
Teasers
- A teaser is a group of straight bets or totals combined into one bet. The difference between a parlay and a teaser is that with a teaser, the line you bet against for each individual wager is moved to your favor by the number of points of the teaser. If the regular line is -10 and you have a 6-point teaser, then your line would be -4. As with a parlay, all of the individual parts need to win for the teaser to be a winner. Teasers are not yet available for baseball or hockey.
Progressive Teasers
- Progressive Teaser works much the same way as a teaser. However, with a Progressive Teaser, there is a consolation payout for having an incorrect selection. Once having the minimum amount of correct selections for a payout, each additional correct selection increases the payout odds. Ties are considered incorrect selections on Progressive Teasers. Only one side or total may be selected on a game. Progressive Teaser selections with a "side to a side", "side to a total", or "total to a total" within the same game are not permitted. Progressive Teasers are available on the internet only. This option is not available for phone wagering.
Click Here For Progressive Teasers Payout Chart
MultiChance Teasers
- A Multichance Teaser works much the same way as a Progressive Teaser. However, the payouts do not increase with more correct selections. Once the minimum amount of correct selections has been won, the MultiChance play will be a winner. Winnings from a MultiChance plays are not credited to an account until all selections made have a result. MultiChance plays will not be credited before all selections have concluded (even if the wager is already a winner). When selections have not concluded, you must make use of RIF (rolling-if-bet) wagering options in order to use winnings or potential winnings from this wagering option.
MultiChance Teasers are available on the internet only. This option is not available for phone wagering.
Click Here for MultiChance Teasers Payout Chart
Pleasers
- A pleaser is a group of football and/or basketball side straight bets combined into one bet. The difference between a pleaser and a teaser is that with a pleaser, the line you bet against for each individual wager is moved against your favor from 6-7½ points. If the regular line is -10 and you play a 6-point pleaser, then your line would be -16.
6 Point Pleaser Examples:
Lines:
Dallas is (-3) over Washington
Pittsburgh is (-8) over Cleveland
A "Two team 6 point Pleaser" on Dallas and Pittsburgh would be as follows:
Dallas (-9)
Pittsburgh (-14)
A "Two team 6 point Pleaser" on Washington and Cleveland would be like this:
Washington (-3)
Cleveland (+2)
Pleasers Payoffs Pleaser payoffs depend on how many teams are in your wager. If a two-team pleaser has a tie and a winner, then the pleaser pays even money. The software will not automatically credit the even money payout. You must contact customer service to have this even money winner credited. If a two-team pleaser has two ties, then the wager is a push.
Pleasers are available on the internet only. This option is not available for phone wagering. Click Here For Pleasers Payout Chart
Progressive Pleasers
- A Progressive Pleaser works much the same way as a pleaser. However, with a Progressive Pleaser, there is a consolation payout for having incorrect selections. Once having the minimum amount of correct selections for a payout, each additional correct selection increases the payout odds.
Only one side or total may be selected on a game. Progressive Pleaser selections with a "side to a side", "side to a total", or "total to a total" within the same game are not permitted. Progressive Pleasers are available on the internet only. This option is not available for phone wagering.
Click Here for Progressive Pleasers Payout Chart
MutliChance Pleasers
- MultiChance Pleaser is similar to a Progressive Pleaser, as you may still win with incorrect selections.
However, the payouts do not increase with more correct selections. Once the minimum amount of correct selections has been won, the MultiChance play will be a winner.
Winnings from a MultiChance plays are not credited to an account until all selections made have a result. MultiChance plays will not be credited before all selections have concluded (even if the wager is already a winner). When selections have not concluded, you must make use of RIF (rolling-if-bet) wagering options in order to use winnings or potential winnings from this wagering option.
Only one side or total may be selected on a game. MultiChance Pleaser selections with a "side to a side", "side to a total", or "total to a total" within the same game are not permitted.
MultiChance Pleasers are available on the internet only. This option is not available for phone wagering.
Click Here for MultiChance Pleasers Payout Chart
If-Bets (Win Only)
- An If-Bet is a chain of wagers that carry over to the next bet only if the player wins the initial selection. The player has to wager a fixed amount on the first selection. A new selection can be placed with another fixed amount, up to the payout amount of the subsequent wager. The player must win the first wager in order for the remaining wagers to have action. If the first wager loses or pushes, there is no subsequent action. As each selection wins, there will be action on the following wager. There may be up to 15 selections in one If-Bet. Correlation restrictions for If-Bets are the same as they are for parlays.
If "action" is selected on baseball moneyline wagers, the total risk amounts deducted at the time of placing an If-Bet may exceed the amount of the initial wager selection. This risk increase is due to a potential price change, in the event of a pitching change. To avoid available funds being frozen until the wager is closed, always choose listed pitchers in your If-Bet selections.
If-Bet Win Only Examples:
Example One:
Place a fixed wager on the St. Louis Rams (-7, -110) for $220 to win $200.
If the Rams win, a fixed wager, up to the payout amount of the previous wager may be placed on the next selection. The subsequent wager may risk up to the previous payout of $420.
A wager on the Detroit Lions (-3 -110) for $330 to win $300 is placed.
If the Lions also win, the player would collect winnings on both wagers with a total profit of $500.
Example Two:
Place a fixed wager on the St. Louis Rams (-7, -110) for $220 to win $200.
If the Rams win, a fixed wager, up to the payout amount of the previous wager may be placed on the next selection. The subsequent wager may risk up to the previous payout of $420.
A wager on the Detroit Lions (-3 -110) for $330 to win $300 is placed.
If the Lions selection loses, the player would collect winnings on the Rams (+$200) and lose (-$330) on the Lions.
Example Three:
Place a fixed wager on the St. Louis Rams (-7, -110) for $220 to win $200.
If the Rams lose, any further selections after the Rams selection will be "No Action". The player would lose only (-$220) on the first wager.
If-Bets (Win and Push)
- Same as If-Bets (win only) but in this case, a subsequent wager has action if the prior bet wins OR PUSHES.
If-Bets Win & Push Example:
Example One:
Place a fixed wager on the St. Louis Rams to win with spread of (-7).
If the Rams win or PUSH, a fixed wager, up to the original amount, is placed on the Detroit Lions to win with spread of (-3).
In the event of a push in initial game, If Detroit wins, player would win $100.00. If Detroit would lose, player would lose $110.00.
Caution! If you only enter the Risk or Win amount, and fail to select a pending wager, the wager will not be considered a Rolling-If Bet. It will be considered a straight, parlay or teaser, depending on your original selection.
Rolling If-Bet (RIF) Rules -When you make a Rolling-If Bet (RIF) from a Parlay that contains a Baseball side, and that side was placed using Action for the pitching option, you can only use the amount you are laying on the first Parlay for the second bet. If, on the other hand, the Baseball side was placed using listed pitchers (or a Run-Line or a Total), you can have the proceeds from the first bet (the lay and any winnings) placed on the second bet.
If you have a Parlay or Teaser and any of the entries tie/push/cancel, the amount available for the RIF If-Wins-Only is the amount you lay plus any winnings from the remaining selections. This amount is the figure that would be paid into the account if the wager would finalize at that time. If you lay an amount in the next leg of an RIF If-Wins-Only greater than the payout from the prior play, you will have no action on the RIF If-Wins-Only. Even if one or more wagers tie/push/cancel, as long as there is one winning wager and the payout exceeds the risk amount of the subsequent RIF If-Wins-Only wager, the next leg of the RIF If-Wins-Only wager will have action.
"RIF Wagers" & "Filling in spots on open-parlays" cannot be done with certain wagering options after a sports series or golf event has begun. 3 and 4 game baseball series prices are blocked from RIF wagering when odds are posted in the second game of the series. Full tournament offerings in golf are blocked for RIF wagering between the first and second round of an event.
Rolling If-Bets
- A Rolling If-Bet (RIF) is a straight, parlay or teaser wager made contingent on the outcome of a previously placed wager that is still pending. The pending wager can be a wager on an event that is in progress or it can be a wager on an event that has yet to begin. The pending wager cannot be an existing IF-Bet, Reverse, any play with an open leg (Parlay or Teaser), a Free Play, or an Asian Handicap. You can only make a RIF from a Straight Bet, a Teaser/Progressive, or a Parlay.
How to place a RIF
- Once logged into the sportsbook, select Straight, Parlay or Teaser/Progressive from the sportsbook-wagering menu. The RIF is only available if you select one of these menu items. RIF wagers are not available when Bet the Board is selected.
Make your Straight, Parlay or Teaser selections. You will then be able to enter your wager amount. To make a RIF wager, click on the IF button next to the wager amount.
After selecting the IF button a window showing all of your eligible pending wagers will display:
You must then select the type of Rolling If Bet: Win Only or Win/Push. The available funds for your RIF will depend on the pending ticket you selected.
After making your selection you will see the confirmation of your RIF wager. The amount to RISK or TO WIN will be added automatically after selecting a pending ticket, but you may modify it to a lesser amount if desired.
You will then be asked to enter your password to confirm. Once you enter your password, click confirm and your RIF wager is complete.
Round Robin
- Easily turn your parlay into a Round Robin. A Round Robin bet is a method to box a parlay. Sportbet automatically calculates the combinations for you. A "Round Robin with 2's, 3's" would include all the possible two team and three team parlays which can be made with all the current selections. The risk amount entered will be the desired risk amount on each individual combination created.
How to place a Round Robin bet
Once logged into the Sportsbook, select Parlay from the sportsbook-wagering menu. Make your Parlay selections.
Verify your selections. Below the selections, you may change your "Single Parlay" into your desired "Round Robin."
Once you have selected your desired Round Robin, you will be asked to enter a risk amount. A screen showing your wagers will appear. Please verify your selections then Submit.
To check the status of your wager, simply click "Pending Wagers" in the Sportbet toolbar.
Reverses
- A reverse bet (also known as an action reverse) is a set of if-bets going both forward and in reverse order.
For Example: (using Football and Baseball):
The First Part:
Philadelphia Eagles -8 $110 to win $100 Double Action (If win, push, no action, or cancelled)
Then Cleveland Indians (-175) Risk $110 to win $63
Second Part:
Cleveland Indians (-175) $110 to win $63 Double Action (If win, push, no action, or cancelled)
Then Philadelphia Eagles -8 Risk $110 to win $100
Total risk- $220 (maximum risk) to win $326
Possible outcomes:
If the Eagles and the Indians both win, you will win $163 on the first part of the wager and $163 on the reverse part, for total winnings of $326.
If the Eagles win and the Indians lose, you will lose $10 on the first part of the wager and $110 on the reverse part, for total losses of $120.
If the Indians win and the Eagles lose, you will lose $110 on the first part of the wager and $47 on the reverse part, for total losses of $157.
If one team pushes, is no action, or is cancelled and the other team is a loss, you will lose $220.
If one team pushes, is no action, or is cancelled and the other team wins, you will either win $126 (63+63) for the Indians or $200 for the Eagles (100+100).
Asian Handicaps
- Asian handicaps are most commonly available for soccer matches. Asian handicaps may also be used for other sports such as football, baseball, basketball, hockey, and any other event where a pointspread/handicap is used.
An Asian handicap operates in a similar way to the traditional handicap. But there is a guarantee of funds being won or lost on each selection. There will be two handicaps listed for a game.
For example;
Arsenal -½, -1 -130
Chelsea +½, +1 +110
If you select Arsenal and risk $260 to win $200, your actual bets would be Arsenal -½ -130 $130 to win $100, and Arsenal -1 -130 $130 to win $100.
If Arsenal wins by two or more goals, you would win both halves of your selection. The profit would be $200.
If Chelsea wins the game or the match ends in a draw, you would lose both halves of the selection. The loss would be $260.
If Arsenal wins the match by exactly one goal, you would win the -½ goal selection and push on the -1 goal selection. The profit would be $100.
If you select Chelsea and risk $200 to win $210, your actual bets would be Chelsea +½ +110 $100 to win $110, and Chelsea +1 +110 $100 to win $110.
If Arsenal wins by two or more goals, you would lose both halves of your selection. The loss would be $200.
If Chelsea wins the game or the match ends in a draw, you would win both halves of the selection. The profit would be $220.
If Arsenal wins the match by exactly one goal, you would lose the +½ goal selection and push on the +1 goal selection. The loss would be $100.
Totals can also have split offerings, and work similar to Asian handicaps. For example, if a player bets Arsenal/Chelsea game under 2½, 3 -110, half the bet would be under 2½, and half would be under 3. Just like the Asian handicap on the side of a match, a player could win/lose all or half of their bet depending on the outcome of total goals.
If you would like to contact us, send us an email by using the "Contact" form and someone will get back to you as soon as possible.
 |
 |