How Sports Gambling Spreads
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DIFFERENT
TYPES OF BETS TO WAGER ON FOOTBALL
Straight
Bets
The team wagered on must win by the point spread given at
the time of the wager. For straight wagers, unless otherwise
indicated, the odds are $1.10 to win $1.00. Games that tie
are considered "no action" and money is
re-deposited back into your account. Due to changing events,
the point spread may fluctuate at any time.
Totals (also known as Over/Under bets)
The combined score of both teams for games wagered on, all
totals lay $1.10 to win $1.00 unless it is otherwise
indicated.
Money Line Wagers
The team wagered on just has to win the game. The amount you
lay or take for each game may vary. The money line that is
read to at the time of your wager is the money line you keep
regardless of any line movement.
Halftime Wagers
Halftime wagering is simply a wager only on the score of the
first, or second half of a contest. The line offered will be
a pointspread, a moneyline, or a combination of the two, but
the wager applies only to the score of the halftime period
specified.
Parlays
This is a bet of 2 or more teams (selections) or
propositions in no particular order. All teams wagered on in
a parlay must win. If there is a tie, or "no
action" among the selections made, the parlay reverts
down to the next lowest number for payoff. In the case of a
2-team parlay, it will revert down to a straight wager.
Typical Sportsbook Parlay Odds:
2 Teams = 13-5
3 Teams = 6-1
4 Teams = 10-1
5 Teams = 20-1
6 Teams = 40-1
7 Teams = 80-1
8 Teams = 150-1
9 Teams = 325-1
10 Teams = 700-1
Parley
Note: Odds vary from Sportsbook to Sportsbook so make sure
to shop around for the best odds. Keep in mind that the real
probabilities to win a parlay wager is much higher than what
you are being offered; which makes this type of wager
unattractive to sharp players.
Teasers
A Teaser is a selection of two or more teams in one wager in
which the point spread is adjusted in your favor. The number
of teams selected and the number of points selected
determines the payout odds. A "Tie" or "No
Action" and a "Win" on a two team teaser
shall constitute a "No Action" wager. A
"Tie" or a "No Action" and a
"Loss" on a two team teaser shall constitute a
"Losing" wager. Ties on a three or more team
teaser shall revert to the next lowest betting bracket.
(Example: A tie on a three team becomes a two team teaser).
Future
Book Wagers
A "futures" wager is a bet placed on an event that
is scheduled to occur at some future date. For instance,
prior to the beginning of the regular season for each major
sport, odds will be established for each team to win their
individual division, conference and seasonal championship.
Another type of "future" wager that has become
extremely popular is the over/under wager for the total
number of victories for the entire season for a given team.
Proposition Bets (Exotics)
Simply put, Proposition/Exotic Bets may generally be
considered as any wager other than a straight
"side" or "over/under" wager. More
specifically, these wagers usually involve specific events
and occurrences that happen throughout any given game.
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