Straight Bets

A straight bet is a single wager on one team (side) to win, or a total to go over or under, whose outcome for wagering purposes is determined by a point spread and/or money line odds. Straight bets are used in all sports events.


When making a straight bet on any sport, a tie is a push (when score lands on the exact point spread or total) and consequently, there is no action. That is, the money the player risked is refunded.

Parlays

Parlays are wagers that consist of two (2) to eight (8) selections of teams combined together into a single play. One loss constitutes a losing parlay. The more teams put into a parlay the larger potential payout for the player. Payouts depend on the number of selected teams and will be affected by any money lines included in the parlay.

• If one of the picks results in a tie (push) the parlay will revert down to the next lower number parlay. If in a 3-team parlay there is a push, it will revert to a 2-team parlay but if there is a push in a 2-team parlay, the remaining pick will turn into a straight bet laying (risking) the amount originally wagered on the parlay.
  
  
  
• It is allowed for players to buy up to one point (in football and basketball) in 2 and 3-team Parlays. There is usually a charge for buying points.
  
  
  
  

Examples:

Round Robins

Round robins are wagers that consist of three (3) to seven (7) selections put into all possible combinations of 2 or 3-team parlays. The same risk amount goes to all combinations. Therefore, there is a maximum risk and a maximum win. If one team loses, all parlays with that team will lose automatically. In the event that a pick results in a push and the remaining picks are winners, the parlays with the team that tied will revert to either 2-team parlays or straight bets.

Examples:

This round robin will be broken down into three groups of 2-team parlays each risking $50 for a payout of $130 each. Therefore, the maximum risk is $150 and the maximum win is $390.

This round robin will be broken down into 3 groups of 2-team parlays each risking $50 which will produce different payouts affected by the different money lines involved. Consequently, the maximum risk is $150 and the maximum win is $526.

Teasers

Round robins are wagers that consist of three (3) to seven (7) selections put into all possible combinations of 2 or 3-team parlays. The same risk amount goes to all combinations. Therefore, there is a maximum risk and a maximum win. If one team loses, all parlays with that team will lose automatically. In the event that a pick results in a push and the remaining picks are winners, the parlays with the team that tied will revert to either 2-team parlays or straight bets.

All picks must win for the wager to win; the moment there is a losing pick the entire wager is a loss (unlike parlays). If a selection is a push and the remaining picks are winners, the teaser reverts to the next lower level of teaser. In the case of a 2-team teaser which involves a push and a win, it is graded as no action because it cannot revert to a 1-team teaser (because such a wager does not exist); the amount at risk is then refunded to the player.


It is allowed to combine both football and basketball (only), and to include both sides of the same game as well as the over and under of the same game (which is known as an “inside-out teaser”).

The following table shows the odds on teasers according to the sport, number of teams and number of points selected in the wager:

Examples:

Note:
For the following examples of teasers, first notice the posted lines for the football and basketball games. Then, notice how point spreads and totals change once the points are added or subtracted as explained above. Pay attention to the different payouts.

Assuming that the final score for the game was

The entire inside-out teaser is considered a winner since:

Miami could lose by 12½ points and win the teaser and Washington only has to win by 4½ points to win the teaser. Because it was a 9 point win for Washington, both selections win. On the other hand, the total for the game is 179 which is higher than 172½ (bet on the over) and lower than 180½ (bet on the under). The bet is a win.

Note: There are no half points scored in football or basketball, and the above are just including half points for illustrative purposes.

Special Teasers

Teasers are used ONLY for football and basketball, both professional and college (NCAA). Special teasers are wagers that consist of three (3) or five (5) team selections joined together into a single play, where a certain number of points is added or subtracted to each selected side or total in order to improve the player’s chances of winning. Players receive a greater amount of points than on a regular teaser.


All picks must win; one loss makes the entire wager a loss. Unlike regular teasers, any push is automatically considered a loss. In 5-team special teasers it is prohibited to mix sports and to include open spots or totals.


Special Teasers are also called “super teasers”, “big teasers” or “sweetheart teasers”.
The points given are applied as follows:

The following table shows the odds for special teasers:

Examples:

Note:
For the following examples of teasers, first notice the posted lines for the football and basketball games. Then, notice how point spreads and totals change once the points are added or subtracted as explained above. Pay attention to the different payouts.

If Bets

An if bet consists of two (2) to five (5) straight bets joined together by an if clause which determines the processing of the wager. If the customer's first selection complies with the condition, then the second selection will be processed; if the second selection complies with the condition, then his third selection will be processed and so on. Only full games for football, basketball and baseball are allowed to be used on if bets. Neither hockey nor any other sport is allowed. Each condition will depend on the type of if bet. As soon as one selection loses the bet will stop there. Please be advised that on each straight bet made in the if bet, the amount has to be the same or less than the previous one. How do you recognize the amount? When the juice is + (positive) the amount goes to the lay. When the juice is - (negative or minus) the amount goes to the win.


There are two types of if bets:

• a)Single Action, where the condition of the if clause is “if wins only”;
  
• b)Double Action, where the condition of the if clause is “if wins, ties or the game is canceled”.

Each straight bet in the if bet must be for the same amount or less than the previous one; it is not allowed to change each subsequent bet to a higher amount.


Since this type of wager is based on conditions, there is a maximum risk (which is the highest amount at risk) and a maximum win (which is the sum of all payouts of every single-bet) for each bet.


If bets can be used in football, basketball and baseball. Hockey, or any other sport, is not allowed.


To determine which amount goes to win and which amount goes to lay, you need to look at the sign (positive or negative) of the juice. If the sign is positive, the amount generally corresponds to the win amount. If the sign is negative, the amount generally corresponds to the lay amount.

Example:

The bet can be read as:


Atlanta Hawks -5 $110 / $100


If the straight bet on the Hawks wins, ties or cancels, then the player has an active bet on…

Green Bay Packers -10 $110 / $100


If the straight bet on the Packers wins, ties or cancels, then the player has an active bet on…

Saint Louis Cardinals -190 $190 / $100
Total $190 / $300

The possible outcomes are…


Case #1: If all picks are winners, the player gets paid a total of $300.

Case #2: If the first pick loses, the player gets charged $110 and the rest of the straight bets are not activated.

Case #3: If the last pick loses, the player gets paid $200 (from the first 2 picks) and is charged $190 (for the last pick) for a net win of $10.


Case #4: If the first and last picks win and the second is a PUSH, the customer gets paid $200. The $110 at risk for the second pick is refunded.

Reverses

Reverses consist of a selection of two (2) to five (5) straight bets joined together into all possible combinations of 2-team if bets that work in both directions of the if clause. The risk is the same for every of the wagers in the reverse and the same rules for if bets apply for reverses. An if bet (double action) follows the sequence “if X wins, ties or cancels then Y”. Placing a reverse bet will include that sequence and its opposite: “if X wins, ties or cancels then Y” AND “if Y wins, ties or cancels then X.”

If team A wins, then team B; if team B wins, then team A. When grading a reverse: 2 wins on a $100 wager is a $400 winner; 1 win and 1 loss is a $120 loser; 2 losses is a $220 loser; 1 win and 1 push (tie) is a $200 winner.

Here is a sequence to illustrate a 3-team reverse:


If X wins, ties or cancels then Y AND If Y wins, ties or cancels then X


If X wins, ties or cancels then Z AND If Z wins, ties or cancels then X


If Y wins, ties or cancels then Z AND If Z wins, ties or cancels then Y


Therefore, a 3-team reverse turns into six separate if bets.

Future Bets

Futures are odds posted in advance of a particular sports season or event. Futures are posted for total wins for a season, division championships, Super Bowl, World Series, Stanley Cup, NBA Championship, etc. All bets have to be placed before the beginning of the regular season or particular event.


Only straight bets are allowed on futures.

Examples:

Propositions

Proposition bets (also known as “props”) are wagers placed on specific events or situations that take place during a game. Proposition wagering is offered on major events and games only.


Typically, propositions can be included only in straight bets and parlays.

Examples:

Circled Games

Circled refers to games with restrictions on the type of wagers allowed or the amount of money allowed to be wagered.


Games are circled when important information (needed to help determine the point spread or odds on a game) is unknown. One main factor that attributes to “circling” a game is when key players for a team are injured and their status for the game is unknown. Circled game restrictions vary from case to case, but usually these games will involve a reduced wager limit or will not be permitted for certain wager types, such as teasers.


Some examples of Circled Games are:

• Added games (games not on the regular Las Vegas rotation)
  
• Special Sports: Boxing, NASCAR, Tennis, Golf, etc.
  
• Games involving teams who report injuries, suspensions or trade of important players