Sportsbook Wagering Types

Straight Wagers	Buying Points	Parlays	Teasers	If Bets
Reverse Bets	Round Robins	Futures	Propositions	Horse Bets

Straight Bet Definition

A Straight Wager is a single bet on one outcome. Straight wagers are available on head-to-head matchups with the following: Money Lines, Point Spreads, and Totals.

The different types of lines:

Point Spreads:	Point spreads are used in football and basketball. The point spread (or line) will try to make the game an even game by adding points to the score of the underdog or subtracting points from the favorite.
Totals (over/under):	Totals are used in football, basketball, baseball, and hockey. The total is set and periodically adjusted to ensure that half of the people will wager on the over and the other half will wager on the under.

Buy Points Definition

Buying points allows you to improve the Point Spread or Totals odds of a football or basketball contest by actually buying points for the team you want to wager on.

Place your Bets | Betting Rules

Parlay Definition

A Parlay is a bet on two or more teams, or event participants, in no particular order. All teams or participants wagered on in a Parlay must win. If there is a tie or No Action among the selections made, the Parlay reverts to the next lowest number for payoff. In the case of a 2 Team Parlay, it reverts to a Straight Wager.

Teasers Definition

A Point Teaser is a bet on more than one team or outcome that allows you to take points on each game within your wager. The number of teams selected and the number of points selected determines the payout odds.

If Bets Definition

Type of bet that allow you better wager management by placing multiple bets by preference that are conditional on the outcome of the preceding bet within the If Bet sequence. If Bets allow you to leverage your bet with preference given to the events you believe have more predictable outcomes. You risk only the original wager amount and can choose the event priority sequence regardless of the date of the event.

Single Action specifies that the remaining bets in the sequence will only be placed if the preceding bet wins. If the preceding bet is a push or is cancelled for any other reason, then the remaining bets will not be placed.

Top
Double Action specifies that the remaining bets in the sequence will be placed if the preceding bet wins, results in a push or is cancelled for any other reason. In other words, double action means that the remaining bets in the sequence will not be placed only if the preceding bet loses.

Reverse Bets Definition

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.

All bets in the Reverse are bet with the condition "If, win only" meaning the next bet will only be placed if the previous one wins (ties or cancellations will void all subsequent bets).

Round Robins Definition

A round robin is the combination of all possible two-team OR three-team parlays ONLY with the chosen teams.

Futures Definition

A Future is a bet on the outcome of special events or tournament format events. You are only required to select the winner of the event or tournament.

Propositions Introduction:

A proposition bet is a very specific bet offered by the house. The individual bets have titles that explain on what event, action or player the wager is placed. Proposition bets are always money line bets -- some in the form of totals bets, side bets or just utterly unique. Rather than attempt to explain the vast array of proposition bets, we'll give you a few sample proposition bets that show just some of the possibilities.

Horse Bets Introduction:

The essence of betting on horse racing is betting odds. It's different from betting your neighbor that Tech will beat State in the big football game. There it is head-to-head. Kind of a 50-50 deal. If Tech beats State, you win. He loses. In horse racing, there are eight, 10, 12 horses in every race, and only one can win. To come out on top in this game, you have to cash winning bets when betting on horse racing at the right odds.

Top