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TYPES OF WAGERS
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Straight Bet: 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.
Parlays:
Two or more teams or totals can be can be tied together to make one wager. All teams must win by the listed point spread.
Teasers:
Football and Basketball and Sides and Totals Only. Two or more teams or propositions in which additional points are either added to the underdog or subtracted to the favorite.
Football and Basketball
On straight bets, players lay $11 for every $10 player wishes to win.
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The Bengals are a 3 point favorite. Player would lay $110 to win $100 or $550 to win $500, on either team.
The point spread is always given with a negative number on the favorite and a positive number on the underdog. If a player wagers on the favorite, that team must win by more than the amount of the point spread. On all straight bets (except Parlays), if the favorite wins by the exact point spread the wager is a Push or "No Action."
The number to the right of the Browns is the total (over/under) number. Players can wager that the combined score of both teams will be either over or under this number. Overtime scores are counted in the score |
Baseball and Boxing
The wagering on both baseball and boxing is done by laying or taking money odds. The minus (-) indicates the favorite The plus (+) indicates the underdog Example: |
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White Sox |
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+1.50 |
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Indians |
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-1.60 |
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Player would lay $160 to win $100 or $16 to win $10 on the Indians. Player wagers $100 to win $150 or $10 to win $15 on the White Sox.
On money odds whenever there is a minus (-) you lay that amount to win a dollar, where there is a plus (+) you get that amount for every dollar wagered. |
Hockey
There are 3 types of hockey bets available.
The most common (and the line that Bigguy uses) is known as the Canadian line and uses a combination of both a goal spread and a moneyline:
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Bruins |
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+0.5
1.20 |
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Flyers |
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-0.5
-1.40 | |
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Player would lay 1/2 goal and $140 to win $100 on the Flyers. Player would wager $100 and get the 1/2 goal to win $120 on the Bruins.
Some books eliminate the goal spread and use a straight Moneyline like baseball or boxing. The third type of hockey line, known as the American or Split line, almost always favors the books, so should generally be avoided. One may still see this type of line in their local newspaper, but as players have become sharper, and hockey wagering has gained in popularity, the Split line is all but history. With this type of line, the player pays no juice (all bets are even money) but gives up half a goal to the book. Converting the above example to the split line, the Flyers would become -1 goal (+100) and the Bruins would be +0.5 (+100)
If player takes the Flyers, and they win by one goal, the game is a push. One can see that, with whichever team the player chose, the value was much better by playing on the Canadian Line rather than the Split Line. This is almost always the case. |
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