BET TYPES AND RULES
STRAIGHT WAGER
LINES
A line is the set of rules used to calculate results and
payouts of straight wagers. The four standard line types are listed below.
Point Spreads
A Point Spread bet is placed on one team to win against another, subject
to the Point Spread.
The favorite is indicated by the minus sign "-"
and the underdog is indicated by the plus sign "+". To determine
the winner for betting purposes, the Point Spread is added to the final
score of the team you bet on. Point Spread rules are as follows:
- To win your bet, the team you bet on must win by the Point Spread.
- On certain events you can adjust the point spread
by buying points.
- Games that tie when taking the point spread into consideration are
no action which means your original bet amount will be refunded to your
account.
- The odds are $1.10 to win $1.00 (-110) unless otherwise indicated.
- You cannot place a Point Spread bet on opposing teams.
- You cannot place a Money Line and a Point Spread bet on the same
team.
- You can place a Point Spread bet on one team and a Money Line bet
on the opposing team.
- You can combine a Point Spread bet with a Totals bet.
- The Point Spread may change between the time you place your bet and
the time the event starts; regardless, your bet is subject to the point
spread displayed at the time you placed your bet.
For example, you wager on
Miami -7 to beat Buffalo +7. The following table shows possible
wager results on three final scores.
Actual
Final Score |
Final
Score with
Point Spread applied |
Bet Result |
Miami 21 Buffalo 19 |
Miami 14 Buffalo 19 |
Loss |
Miami 26 Buffalo 19 |
Miami 19 Buffalo 19 |
Tie |
Miami 27 Buffalo 19 |
Miami 20 Buffalo 19 |
Win |
|
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Money Lines
Money Lines are the simplest form of sports bets. The team you bet on
just has to win the game. Your bet is not subject to a point spread. The
amount you may win is determined by the money line. Money Line rules are
as follows:
- Money Lines are displayed with a plus "+" or a minus "-"
sign.
- Money Lines posted with a minus sign "-" require a bet
equal to the amount shown after the minus sign to win $100.
- Money Lines posted with a plus sign "+" require a $100
bet to win the amount shown after the plus sign.
- To win your bet, the team you bet on must win the game.
- Tie games are no action, which means your original bet amount will
be refunded to your account.
- You cannot place a Money Line bet on both teams.
- You cannot place a Money Line bet and a Point Spread bet on the same
team.
- You can place a Money Line bet on one team and a Point Spread bet
on the opposing team.
- You can combine a Money Line with a Totals line, even on the same
event.
- The Money Line may change between the time you place your bet and
the event's start time. Payout of your bet is subject to the Money Line
that was displayed at the time you placed your bet.
For example, you bet on Miami
-160 to beat Buffalo +260. You must bet $160 to win $100 if Miami
wins the game. Your friend bets on Buffalo. Your friend must bet
$100 to win $260 if Buffalo wins. The following table displays the
results of four different winning Money Line bets.
Winner |
Money
Line |
Bet
Amount on Winner |
Payout
(including bet amount) |
Miami |
-160 |
$ 80 |
$ 130 |
Miami |
-160 |
$ 160 |
$ 260 |
Buffalo |
+260 |
$ 100 |
$ 360 |
Buffalo |
+260 |
$ 50 |
$ 180 |
|
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Totals
Totals are also known as over / under bets. You bet that the actual combined
total score of both teams will be over or under the number displayed in
your bet. The winning team is irrelevant to this bet. Totals rules are
as follows:
- If the actual combined total score of both teams is equal to the
number displayed in your Totals bet, the bet is no action; this means
your original bet amount will be refunded to your account.
- The odds are $1.10 to win $1.00 (-110) unless otherwise indicated.
- On certain events you can adjust the odds by
buying points.
- You cannot place Totals bets on opposing teams.
- You can combine a Money Line or Point Spread bet with a Totals bet.
- The Total amount may change between the time you place your bet and
the time the event starts; regardless, your bet is subject to the Total
amount displayed at the time you placed your bet.
For example, the current Totals
line on the Miami-Buffalo game is Over 35 / Under 35. You bet on
the Over and your friend bets on the Under. The following table
displays the bet results based on three different game outcomes.
Final
Score |
Combined
Score |
You |
Your
Friend |
Miami 21 Buffalo 19 |
40 |
Win |
Loss |
Miami 21 Buffalo 14 |
35 |
Tie |
Tie |
Miami 21 Buffalo 4 |
25 |
Loss |
Win |
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European Prices
European Prices are similar to Money Lines. We display them in decimal
format and use two formulas to calculate payouts.
European Prices above 1.0
(Wager Amount) x (European Price)
= Total Payout
European Prices below 1.0
(Wager Amount) x (European Price)
+ Wager Amount = Total Payout
For example, you bet $100
on Manchester City 2.40 to beat Arsenal 0.60. If Manchester City
wins, you win $240. Your friend bets $100 on Arsenal. If Arsenal
wins, your friend wins $160. The following table displays the results
of four different winning European Price bets.
Winner |
Bet
Amount on Winner |
European
Price |
Payout
(including bet amount) |
Manchester City |
$20 |
2.40 |
$48 |
Manchester City |
$100 |
2.40 |
$240 |
Arsenal |
$20 |
0.60 |
$32 |
Arsenal |
$100 |
0.60 |
$160 |
|
Conversion
If you prefer Money Lines to European Prices or vice versa,
you can convert the line to your preferred type.
Use this formula if the Money Line has a minus sign "-".
European Price = (100 / (Money
Line * -1)) + 1
Use this formula if the Money Line has a plus sign "+".
European Price = (Money Line /
100)+1
The following table displays conversions of Money Lines
to European Prices.
Money
Line |
European
Price |
Payout
per $100 Bet (including bet amount) |
+140 |
2.40 |
$ 240 |
-200 |
1.50 |
$ 150 |
+160 |
2.60 |
$ 260 |
European Prices do not always convert evenly into Money Lines since
Money Lines are based on whole numbers.
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Buy Points
Buy Points allows you to move the point spread in your favor by paying
a surcharge. You can only buy points on football and basketball point
spreads and totals.
You can normally buy an extra 1/2 point by laying -120 instead of the
standard -110.
Buying points on or off key points or magic numbers is more expensive.
Three is usually the key point in football. Although there are no standard
key points in basketball, we may set key points on certain games.
After you buy a point and place your bet, check your betting ticket to
see the new price on the event.
For example, Miami plays Buffalo.
Miami is favored by 4.5 points. You want to adjust the line in your
favor by bringing the Miami line down to -2. You can do this for
an additional 70 cents. This means you will have to bet $180 to
win $100. The following table shows the incremental cost of various
point purchases including purchases on and off Key Points.
Miami
Point Spread |
Buy
Points Surcharge on this Game |
Posted Line -4.5 |
standard -110 |
-4.5 to -4.0 |
10¢ or -120 |
-4.0 to -3.5 |
10¢ or -130 |
-3.5 to -3.0 |
20¢ or -150 |
-3.0 to -2.5 |
20¢ or -170 |
-2.5 to -2.0 |
10¢ or -180 |
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SPECIAL LINES
The following special lines are available to offer increased flexibility
and potential payouts.
Half-time
Half-time lines allow you to bet on the first or second half of basketball
and football games. Half-time betting rules are as follows:
- Half-time bets are calculated the same as straight bets unless otherwise
indicated.
- Half-time bets must go the full half for action.
- Overtime is included as part of the second half.
- Teasers and buying of points are not available on half-time bets.
$100,000 Challenge
$100,000 Challenge is an NFL and NCAA football wager on 13 teams
from our selection of $100,000 Challenge listed games. You bet $25 and
if all teams you select win against the spread, you win the ultimate handicapping
prize, $100,000 in cash. A tie or no action on any single event in your
selection means the entire wager loses.
Up to two $100,000 cash prizes are available to be won
each week. If no one selects 13 teams who win against the spread, no one
wins the cash prize. If more than two people select 13 teams who win against
the spread, then all winners evenly divide the available cash prizes.
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Parlays
Parlays are wagers on two or more teams in no particular order where all
selections must win for the wager to win. Parlay rules are as follows:
Number
of Teams |
Odds |
| 2 |
13:5 |
| 3 |
6:1 |
| 4 |
10:1 |
| 5 |
20:1 |
| 6 |
40:1 |
| 7 |
75:1 |
| 8 |
150:1 |
| 9 |
300:1 |
| 10 |
700:1 |
11 |
1100:1 |
12 |
1800:1 |
To calculate odds for parlays that use money lines other
than the standard -110, you should convert the money line to a European
price. Then calculate the parlay payout odds by multiplying the European
prices of each event together.
For example, let's say you
bet on Arsenal 2.5, Manchester 1.7 and Liverpool 2.1. A parlay of
all three teams would pay 2.5 x 1.7 x 2.1 = 8.93. If your bet amount
is $100 then the payoff would be $100 x 8.93 = $893 (this includes
your original stake, so your winnings are $893 - $100 = $793).
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Progressive Parlays
A Progressive Parlay is a wager on four or eight events to win. Even if
some of the events in your Progressive Parlay lose, you may still win
your wager. Progressive Parlay rules are as follows:
4-Team
Progressive Parlay |
Odds |
| 2 teams or less win |
Loss |
| 3 teams win |
1:1 |
| 4 teams win |
4:1 |
8-Team
Progressive Parlay |
Odds |
| 5 teams or less win |
Loss |
| 6 teams win |
3:1 |
| 7 teams win |
5:1 |
| 8 teams win |
75:1 |
The parlay payout tables above are valid if all selections within the
Progressive Parlay are based on the standard point spread or totals line
of -110 (bet $110 to win $100).
To calculate odds for parlays that use money lines other than the standard
-110, you should convert the money line to a European price. Then calculate
the parlay payout odds by multiplying the European prices of each event
together.
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Teasers
A teaser is a parlay in which you take more points or lay fewer points
than the line, thus adjusting the point spread in your favor. However
your payout odds are reduced when you do this. Teaser rules are as follows:
| Football |
6-point |
6.5-point |
7-point |
| Basketball |
4-point |
4.5-point |
5-point |
| 2-team |
10:11 |
10:12 |
10:13 |
| 3-team |
16:10 |
14:10 |
12:10 |
| 4-team |
25:10 |
20:10 |
18:10 |
| 5-team |
40:10 |
35:10 |
30:10 |
| 6-team |
60:10 |
50:10 |
40:10 |
|
7-team
|
90:10
|
80:10
|
70:10
|
|
8-team
|
140:10
|
120:10
|
100:10
|
| 9-team |
200:10 |
150:10 |
120:10 |
|
10-team
|
250:10
|
200:10
|
150:10
|
| 11-team |
350:10 |
250:10 |
200:10 |
Other Teasers
- 3-team 10-point football teaser odds are 10/12 - ties lose.
- 3-team 7-point basketball teasers odds are 10/12
- ties lose.
The two teasers listed above can only be made on the point spread. Money
lines and totals cannot be used.
For example, you place a 3-team
6-point football teaser. The chart above lists the odds as 16/10.
The unadjusted line is Denver -7, New York -3 and Chicago +15.
The point spreads are adjusted as follows.
- Denver -7 plus the adjusted six points = -1
- New York -3 plus the adjusted six points = +3
- Chicago +15 plus the adjusted six points = +21
If each and every one of the three teams wins against the adjusted
spread, you win $16 for every $10 you bet.
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If Bets -- If Win and If Action
An If Bet allows you to increase your betting power and limit your risk
by placing multiple bets on one betting ticket; each individual bet after
the first bet will only have action if the previous bet in the sequence
is successful. This limits your risk to the dollar amount of the first
bet on your betting ticket.
An If Bet is also useful if you want to make more than one
bet, but do not have adequate funds in your account to cover the second
bet unless the first bet wins. An If Bet will place the second bet immediately
upon success of the first bet. If Bet rules are as follows:
- One If Bet can contain two to seven individual bets.
- If Bets must be made prior to the start time of the earliest event.
- Bets do not have to be made in the order of each event's start time.
- The first bet's limit is set by the house.
- Additional bets in the sequence use the bet amount of the first bet.
- The first bet is always placed unless it is considered a no action
event.
Two Types of If Bets
If Win
You choose the order of each bet in the series. The first bet is always
placed. Each subsequent bet is placed only if the previous bet wins.
If any bet in the If Win series loses, ties or is considered no action,
then all subsequent bets on the betting ticket are considered no action.
If Action
You choose the order of each bet in the series. The first bet is always
placed. Each subsequent bet is placed only if the previous bet is
won, considered no action or is a tie game (also know as a push).
If any bet in the If Action series loses, then all subsequent bets
on the betting ticket are considered no action.
For example, on October 7th,
you place an If Win bet on the Raiders to beat the Dolphins in their
October 12th game. Then you select the Patriots to beat the Colts
in their October 11th game. The game on October 12th wins and the
second part of the If Bet is placed on the Patriots/Colts game with
the original bet amount.
This second bet is placed even though this game started prior to
the first event and already had a final result of a loss. The first
part of your If Win bet is a win but the second part is a loss.
Your If Win bet placed on October 7th is placed prior to the start
time of both events so you are able to bet on both games while ensuring
that your preferred bet on the Raiders game gets placed even if
your second choice, the Patriots, lose.
Normally the only way this would be possible would be to expose
yourself to both bets separately. An If Bet puts a restriction on
your bet that says if the Raiders lose, do not place a bet on the
Patriots/Colts game. This limits your risk to the first bet amount,
but provides you with the opportunity to make a second bet with
the original stake if your first bet is successful.
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Futures and Propositions
Future bets are based on the outcome of events that happen each year.
Propositions are bets based on the outcome of special events. All bets
are final. There will be no payouts until the conclusion of the specified
season for futures or the conclusion of the specified event for propositions.
If your selection (person, team, etc.) does not participate
in the event for any reason, your bet is considered a loss.
The odds we offer may change between the time you place
your bet and the time the event starts; regardless, your bet is subject
to the odds displayed at the time you placed your bet.
In the event of a dead heat for first place, stakes will
be divided by the number of selections dead heating with the divided stake
settled at full odds; remaining stake money is lost. The dead heat rule
only applies to future bets. If the tie was a betting option, the dead
heat rule does not apply.
For example, if there is a
3 way tie for the top scorer in a football game, your winnings are
calculated by taking your stake, dividing it by 3, and multiplying
that amount by the odds on your betting ticket.
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