Help Guide From Online Casino Reports
Internet Sportsbook
Gambling Types
Pointspread
The pointspread - also called "the line" -
is used as a margin to handicap the favorite
team. The oddsmaker - also called the handicapper
- "gives" points (or goals) to the
underdog for betting purposes only. The bettor
must take either the favorite or the underdog.
The favorite is always
indicated by a minus sign (e.g. -5.5) and the
underdog by a plus sign (e.g.+5.5). For betting
purposes, the outcome of the game is determined
by taking the actual game score and finding
the difference between the scores of the two
teams playing (called the pointspread or just
the "spread").
If the "line" is put in at a half
point (e.g. -5.5 for the favorite Orlando) by
the oddsmaker then there can be no "push." In
this case, there is "action" at any
final game score pointspread. In a pointspread,
you must wager $110 to win $100 ($210 is returned
to the winner). 10/11 is the standard for pointspread
bets on most sports.
Straight Bet
A straight bet is a bet on the outcome of a single
event or game that, for betting purposes only,
is determined by a Pointspread, a Moneyline
or a Game Total.
The team or event wagered on must win by the
posted odds. A single bet may be a play on the
side to win, the total, or even a proposition
or future bet. All single bets must lay 110 to
win 100 unless otherwise noted at the time of
the wager. Games that end in a tie are no action
or push, and the money is refunded. The odds
may fluctuate at anytime as they move with the
monies wagered. But the money you bet on a team
or event at a specified pointspread or game total
is the total you receive for your bet.
For example:
If the money line is -135 then you would wager
$135 to win your $100 bet. If the money line
is a positive number then you will wager $100
to win the money line. Likewise, if the money
line is +125 then you would wager $100 to win
$125.
Over/Under
The Over/Under, sometimes called the "Total",
quite simply is the combined scores of both teams
competing in the game being wagered on. You can
bet whether the game will go over or under this
figure. A bet on a matchup between two teams
may be set by a money line instead of a pointspread.
If a matchup is determined by a money line, like
American baseball, then it will cost the customer
more to wager on the favorite.
Example:
The Atlanta Braves may be favored over the Chicago
Cubs by 150. In this example, the customer
must lay $150 in order to win $100 if Atlanta
wins the game, no pointspreads are involved.
If Atlanta loses, the customer loses $150.
However, the customer could bet on Chicago,
in which case the customer would lay $100 in
order to win $140 (10 cent line). If Chicago
loses, the customer only loses $100, because
Chicago is the underdog.
Parlay or Combo
This bet applies to Football, Basketball, Ice
Hockey and Baseball. A parlay bet happens when
you bet on two or more teams in the same wager
in any order. All teams bet on must win in
order for you to win. Also, there is no "juice" or
commision on this style of bet.
Your wager may combine different sports along
with different styles of bets (i.e. over/under,
pointspread, etc.) In the parlay style bet your
original winnings are invested back into the
next game. If one of your games is cancelled
or ties the parlay drops to the next lowest number.
Teasers
This bet applies to Football, Basketball, Ice
Hockey and Baseball. A teaser is a selection
of two or more teams in one wager in which
either the pointspread and/or total is adjusted
in the bettor's favor. Each sport has its own
range of points for teaser selections. An adjustment
to the favorite team will decrease the disadvantage.
An adjustment to the underdog will increase
the advantage. The adjustment makes pointspreads
less for the favorite and more for the underdog,
depending on the selections you make. If you
select a total, the adjustment makes totals
higher-to-go-under or lower-to-go-over.
Examples:
Denver Broncos (-3) teased by 6 points: Denver
is +3 with the Tease.
Buffalo Bills (+9) teased by 5.5 points: Buffalo
is +14.5 with the Tease.
Seattle Seahawks and NY Giants (31 pts.) teased
by 5 points: 26 pts. for the over Total
Pleasers
A pleaser is a group of NFL side straight bets
combined into one bet. The difference between
a pleaser and a teaser is that with a pleaser
the line you bet against for each individual
wager is moved against your favor by 6 points.
Pleasers are currently only available on NFL
regular season side plays. Pleasers will not
be taken on NFL totals, NFL preseason, or NCAA
football at the current time. If the regular
line is –10 and you play a pleaser then
your line would be –16.
Other Examples:
Odds:Dallas is (-3) over Washington
Pittsburgh is (-8) over ClevelandA "Two
Team Pleaser" on
Dallas and Pittsburgh would be:
Dallas (-9) Pittsburgh (-14)
A "Two Team Pleaser" on
Washington and Cleveland would be: Washington
(-3) Cleveland (+2)
Open Wagers
Open wagers allow the customer to play teasers
or parlays making one selection at different
times or even different days.
Example:
3 Team Parlay
$100 to win $600
Cowboys -8
Dolphins -14
OPEN*
* This spot can be left open for seven days.
No open slots on the Internet.
Runline
This bet applies to Baseball. This is a bet to
predict which team will score the highest number
of runs. This bet is handicapped, with the
underdog always given +1.5 points advantage.
If the final score, taking into account the
handicap, is a tie (known as a Push), the bet
is considered void, and your stake is refunded.
Multiplier
A multiplier is offered mostly for soccer matches,
and is a European-based line. Like a moneyline,
a multiplier is based on true odds rather than
fixed odds. The favorite and underdog are given
odds to win a match. You will achieve higher
winnings from your original wager as the amount
to be won equals the original bet multiplied
by the product of the odds.
Example:
A $100 bet on Arsenal (1.65) to win would result
in a Payout of $165 if Arsenal did win the
contest. Sample Bet: $100 x 1.65 = $165 For
a Combo (Parlay) bet, Payouts would be as such:
a $100 bet on Newcastle (2.90) to win, Manchester
United (1.83) to win, and Chelsea/Liverpool
(3.25) to draw would result in a payout of
$1,724.78. Sample Bet: $100 x 2.90 x 1.83 x
3.25 = $1,724.78.
Moneyline
A moneyline is offered when no handicap is given,
such as a pointspread or runline, and the odds
are not therefore fixed. Payouts are then based
on true odds rather than fixed odds. The favorite
and underdog are given odds to win a game or
fight. The minus sign (e.g.-130) always indicates
the favorite and the amount you must bet to
win $100. The plus sign (e.g.+120) always indicates
the underdog and the amount you win for every
$100 bet. Therefore based on the above moneyline,
you bet $130 to win $100 on the favorite. For
the underdog, you win $120 for every $100 bet.
Buy Points
Buy Points means that you can move the pointspread
so that you give away less points with the
favorite or get more points with the underdog,
for both football and basketball. To do this
you must pay more "juice" for every
1Ö2 point you buy in your favor. Most
sportsbooks charge 10% for every 1/2 point
you buy. For the NFL and NCAA football, you
will pay an additional amount of "juice" to
buy on or off of 3 or 7 points - also know
as Key Points. And if you buy through either
3 or 7 points, you will pay an additional amount
of "juice." Most sportsbooks charge
another 10% for key points. There are NO Key
Points for basketball.
Example:
New York Jets (+4.5) are 4.5 point underdogs.
To move the line to 5 points, you would buy
1Ö2 point and lay $120 to win $100 (at
4.5 points you would have layed $110 to win
$100). An example of how to buy off of 3 points:
the Kansas City Chiefs (-3) are 3 point favorites.
To buy 1/2 point and make them a 2.5 point
favorite, you would need to lay $125 to win
$100. And example of how to buy through 7 points:
the Seattle Seahawks (-7.5) are 7.5 point favorites.
To buy 1 point through 7 points and make them
a 6.5 point favorite, you would need to lay
$140 to win $100.
Puckline
Sometimes sportsbooks use a combination of handicap/spread
and odds for the NHL. This is called the Puckline.
Example line:
Boston + 1 (-110) Detroit - 1.5 (-110) The favorites
are the Detroit Red Wings, who are giving the
Boston Bruins 1.5 goals. To win the bet, Detroit
would have to win the game by 2 goals.
When placing this bet you are getting even money,
which means that for every $110 you wager, you
will win $100. If you are betting on Boston,
you will receive a 1.0 goal handicap, meaning
that if Detroit wins by 1 goal the game is a
push. If the game ends in a tie or Boston wins,
then you win the bet. The odds again are at -110.
Proposition Bet
A "prop bet" is a bet the sportsbook
offers at odds and conditions of its choosing.
Prop bets can be exotic bets like which team
will score the most touchdowns, which team will
shoot the most three pointers, which running
back will rush for the most yards, etc. Most
prop bets are offered at 11-10 odds, but some
of the exotics will be offered at better or worse
odds, depending on the bet.
Futures
This bet applies to Football, Basketball, Baseball
and Ice Hockey. Futures are a single wager
on the outcome of an event that will be determined
sometime in the future.
For Example:
It might be a bet made at the start of the season
on Dallas Cowboys to win the Super Bowl. Futures
odds change continuously throughout the season
- YOU GET THE ODDS IN EFFECT AT THE TIME YOU
BET. Futures bets often attract (high) odds
to the bettor. An If Win wager is an excellent
choice for money management. You wager a fixed
amount on one team if that team wins or the
game is tied, then another fixed amount -up
to the original amount- shall be placed on
a different team. Your first wager must win
in order for you to have action on the remaining
wagers. If the first wager loses, there is
No Action thereafter. You cannot have duplicate
teams in the same If Win wager.
If Wagers
If wagers allow the customer to make a second
wager pending a win on the first selection.
If wagers must be made on one call, and the
second part of the if wager cannot exceed the
amount of the first selection.
Example:
Dallas Cowboys -5 $110 to win $100 IF (if win,
tie, or cancel) Carolina Panthers +4 $110 to
win $100 If the Cowboys lose, the wager stops
there and is scored a loser -$110; if the Cowboys
win +$100 the wager continues to the Panthers
wager; if the Panthers win, the wager is a
$200 winner; if the Panthers lose the wager
is a $10 loss.
Reverse Wagers
Reverse wagers are always double action IF bets.
Part A
Cowboys -5 $110 to win $100
IF ( win, tie or cancel )
Dolphins -14 $110 to win $100
Part B
Dolphins -14 $110 to win $100
IF ( win, tie, or cancel )
Cowboys -5 $110 to win $100
If both teams win +400
One win, one loss -120
Both teams lose -220
Push +200
Action Points
An Action Point wager allows a player to place
a bet on how many points his/her selected team
will beat the spread by up to a set cap. You
can choose your own cap between 1 and 15 points
on Pro-Football games. You choose how much
you wish to bet per action point. When you
place an action point wager, no money is deducted
from your account, but your maximum loss potential
is restricted from your account until the game
is final. You win the dollar amount wagered
for each point the team covers by up to the
selected cap. You lose 1.1 x (dollar amount
wagered) for each point your team does not
cover by up to the selected cap.
Round Robins
Typically for football and basketball the Round
Robin option allows you to select up to 8 teams
and produce a series of parlay bets involving
a nominated number of teams in every combination.
To select this option click the 'Round Robin'
check box. You will need to also select the
number of teams in each parlay. The drop down
menu labeled 'Round Robin teams in each parlay'
to the right of the 'Round Robin' check box
provides this ability. You need to select one
of the following:
3 teams every 2 ways = 3 bets
4 teams every 2 ways = 6 bets
5 teams every 2 ways = 10 bets
6 teams every 2 ways = 15 bets
7 teams every 2 ways = 21 bets
8 teams every 2 ways = 28 bets
4 teams every 3 ways = 4 bets
5 teams every 3 ways = 10 bets
6 teams every 3 ways = 20 bets
7 teams every 3 ways = 35 bets
8 teams every 3 ways = 56 bets
5 teams every 4 ways = 5 bets
6 teams every 4 ways = 15 bets
7 teams every 4 ways = 35 bets
8 teams every 4 ways = 70 bets
6 teams every 5 ways = 6 bets
7 teams every 5 ways = 21 bets
8 teams every 5 ways = 56 bets
7 teams every 6 ways = 7 bets
8 teams every 6 ways = 28 bets
The selected item will indicate to you the number
of teams you need to select as well as the number
of bets that will be generated. The number of
teams you select in the drop down menu must match
the number of team selections you check on the
betting page, if this does not match then an
error message will be produced. The total number
of bets will be multiplied by the stake $value
you select. This amount will be deducted from
your account when the bets are confirmed. Eg.
if you select 6 teams every 4 ways this will
generate 15 four team parlay bets. If the stake
value selected was $10 then 15 x $10 = $150 would
be deducted from your account.
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