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How Sports Betting Spreads Work
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).
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Typical
Football Teaser Odds
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| |
6
pts |
6.5
pts |
7
pts |
| 2
Teams |
10-12 |
10-13 |
10-14 |
| 3
Teams |
8.5-5 |
7.5-5 |
7-5 |
| 4
Teams |
3-1 |
5-2 |
2-1 |
| 5
Teams |
7-1 |
6-1 |
5-1 |
| 6
Teams |
7-1 |
6-1 |
5-1 |
| 10
Teams |
10-1 |
9-1 |
8-1 |
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Typical
Basketball Teaser Odds
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4
pts |
4.5
pts |
7
pts |
| 2
Teams |
10-12 |
10-13 |
10-14 |
| 3
Teams |
8.5-5 |
7.5-5 |
7-5 |
| 4
Teams |
3-1 |
5-2 |
2-1 |
| 5
Teams |
9-2 |
4-1 |
7-2 |
| 6
Teams |
7-1 |
6-1 |
5-1 |
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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