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If -
Win/If - Action bets Explained
An If Win bet is an excellent choice for
money management. You wager a fixed amount on
one team, if that team wins, then the same
amount as your original wager is placed on a
different team.
For example, you can have a two team If
Win Bet for $11 on the Bears and Giants. If the
Bears win, you risked $11 to win $10 and now
you have another $11 wager on the Giants. If
they win, then you win another $10 for
a total of $20 in winnings. If the Giants
lose, then you lose $1, because you won $10 on
the Bears and you lose $11 on the Giants. If
the Bears lost, then you lose your original $11
and you have no bet on the Giants.
 Here is an example
of a four team If bet:
| |
Bears |
Giants |
Rams |
Cowboys |
Grand
Total |
| Risk |
$11 |
$11 |
$11 |
$11 |
$11 |
| To Win |
$10 |
$10 |
$10 |
$10 |
|
|
| Scenario
One |
Win |
Win |
Win |
Win |
|
| Result |
+$10 |
+$10 |
+$10 |
+$10 |
+$40 |
|
| Scenario
Two |
Win |
Win |
Win |
Lose |
|
| Result |
+$10 |
+$10 |
+$10 |
-$11 |
+$19 |
|
| Scenario
Three |
Win |
Win |
Lose |
No Bet |
|
| Result |
+$10 |
+$10 |
-$11 |
|
+$9 |
|
| Scenario
Four |
Win |
Lose |
No Bet |
No Bet |
|
| Result |
+$10 |
-$11 |
|
|
-$1 |
|
| Scenario
Five |
Lose |
No Bet |
No Bet |
No Bet |
|
| Result |
-$11 |
|
|
|
-$11 |
|
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 can put as many as 2 to 7 teams
in an If Win bet.
How is an If Action Bet
Different?
There is a simple difference between an
If Win bet and an If Action bet. In an If Win
bet your first wager must WIN in order for
the next wager to have action. In an If Action
bet each wager must WIN or PUSH (tie) in order for the next wager to have action. While the
Push will result in neither a win nor a lose for
you on that particular game, we will
continue on to the next wager in your bet
whereas in an If Win bet we would have stopped
the bet at the Push.
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.)
An example of a
teaser wagers is as follows. For our example,
let us say you wish to choose three football
teams:
Denver -7, New York -3 and Chicago
+15. The payout of the wager is dependant upon
how many points you wish to receive. Let us
choose a 3 team 7 point teaser. If we look at
the chart below, this wager is listed as 12/10, which means we will win $12 for every $10
that we wager. The point spreads are adjusted as
follows:
- Denver -7 plus the
adjusted seven points = Even
- New York -3 plus the
adjusted seven points = +4
- Chicago +15 plus the
adjusted seven points = +22
Therefore, if each and every one of the
three teams wins against the adjusted spread, you win $12 for every $10 you wager.
| Teaser
Payoffs/Odds for Basketball and Football
|
| Football- points |
|
6 |
6.5 |
7 |
| Basketball - points |
|
4 |
4.5 |
5 |
| 2 teams
|
|
10/11 |
10/12 |
10/13 |
| 3
teams |
|
16/10 |
14/10
|
12/10 |
| 4
teams |
|
25/10 |
20/10 |
18/10 |
| 5
teams |
|
40/10 |
35/10 |
30/10 |
| 6
teams |
|
60/10 |
50/10
|
40/10 |
| 7
teams |
|
90/10 |
80/10 |
70/10 |
| 8
teams |
|
140/10 |
120/10 |
100/10
|
3 Team 10 point Football and 7 Point
Basketball Teasers Odds are 10/12 --Ties
Lose
Parlays:
A parlay is the selection of 2 or more
teams (up to 10) in no particular order in a
single wager. All teams in the parlay must
win, if there is a tie it reverts to the next
lowest number for payoff. (Example: If you
select 4 teams and one ties, it becomes a three
team parlay). Tie and win on two teamer
becomes straight bet (90% of wager)
|
Parlay Payoffs
|
|
2 teams
|
13/5
|
|
3 teams
|
6/1
|
|
4 teams
|
10/1
|
|
5 teams
|
20/1
|
|
6 teams
|
40/1
|
|
7 teams
|
75/1
|
|
8 teams
|
150/1
|
|
9 teams
|
300/1
|
|
10 teams
|
700/1
|
True Odds for
Baseball and European Lines The odds on a
multiple or an accumulator are calculated by
multiplying the prices of the selections together, but remembering to include the stake
amount. Let's assume you place a double on
two selections, with odds of a/b and c/d. The
calculation to work out your returns
(including your stake) is as follows:
[
(a+b)/b * (c+d)/d ] times your stake
Example:
You place 10 on
two selections, with odds of 2/1 and 7/2. The
calculation is as follows:
[ (2+1)/1 *
(7+2)/2 ] times your stake of 10
= 13.5 times your stake of 10
Your returns are therefore 135.00
(including your stake)
Progressive Parlays
8 Team Progressive Parlay
- Win 8 Picks - Pays 75 to 1
- Win 7 Picks - Pays 5 to 1
- Win 6 Picks - Pays 3 to 1
4 Team Progressive Parlay
- Win 4 Picks - Pays 4 to 1
$10 bet
wins $40
- Win 3 Picks - Pays 1 to 1
$10 bet
wins $10
Note: a tie is considered a loss
for that particular game, not for the entire
wager. For example, in a 4 team progressive
parlay, 2 wins, 1 tie and 1 loss is a losing wager because there are only 2 wins and not
3.
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.
Example: Player wagers $110.00 on Miami
-7 to beat Buffalo +7
If Miami wins by more than 7 points the
player wins $100.00 so the total
payout including the intial wager would be
$210.00. If Miami only wins by 7 points then the game is considered "no action" and all
money is returned to the bettor. If the Miami
wins by less than 7 points the wagers is lost.
Totals The combined score of both
teams for games wagered on, all totals lay $1.10 to win $1.00 unless it is otherwise
indicated.
Example: The player lays $220.00 on the
OVER in the Miami/Buffalo game.
The total
for the game is 45. If both teams' combined
score is more than 45
than the player would
win $200.00. If the combined score is equal 45
the
game is concidered "no action" and the
mone y is returned. If the combined
score is
less than 45 then the wager is lost.
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.
Example: The player wagers on Miami -160
at Buffalo +260. If Miami wins then the
player would lay $160.00 to win $100.00. If the
player bet on Buffalo then the player would
lay $100.00 to win $260.00
Halftime The wager is placed on
the odds posted for the second half of a game
only. All wagers must go the full second half
for action. All halftime wagers are calculated the same as a straight wager unless
otherwise indicated. There are no teaser plays or buying of points on halftimes. First half
lines are also available.
Parlays This is a selection of 2
or more teams (up to 10 teams) or propositions
in no particular order. All teams wagered on
in a parlay must win. If there is a tie, it
reverts down to the next lowest number for
payoff.
Example: Player wants to make a 5 team
parlay:
Miami -7 New York +3 Seattle -4 Denver
-10 San Francisco -8
If all these games win then the player
would have won at 20-1 odds. If only 1
team loses then the entire parlay loses.
Futures and Propositions Future
wagers are based on the outcome of events that happen each year. All wagers are final.
There will be no payouts until the conclusion of the specified season. Proposition plays
are wagers based on the outcome of events
that happen each year. Odds change daily and all
wagers are considered action at the odds
quoted at the time of the wager.
Circled Game: A game where the
maximum bet is restricted, usually due to
injuries.
Lines: Another word for odds.
Pick: A game where no team or
betting option is favorite.
Pointspread: The handicap, or head
start, which the favorite gives to the underdog
for betting purposes.
Push: A game which, with the
pointspread, is tied or when the combined scores
of the two teams ties the total.
Single: A bet on a single result
or outcome.
Spread: An abbreviated form of
pointspread.
Special
Sports
Baseball
Wagering
on baseball is done by laying or taking money
odds.
The minus (-) indicates the favorite
The plus (+) indicates the underdog
On money odds whenever there is a minus
(-) you lay that amount to win adollar, where
there is a plus (+)you get that amount for
every dollarwagered
Example:
Dodgers: +1.50
Phillies:
-1.60
Boxing
Wagering is similar to
baseball
In the event of a draw, moneys on the
fight itself will be refunded. However, specific
fight propositions must come as stated, such
as a draw, either fighter by knockout or
decision or a specific round knockout etc.
Rounds propositions will be governed by the
rules posted on our wagering sheets or as stated
at the time of the wager. In the event that
either fighter does not make the required weight
but the bout goes on, the following
stipulations apply: When the bell sounds for the
first round, the bout will be considered
official, regardless of the scheduled length
or title. The bout must have the original
scheduled length to have action on a rounds
proposition.
Hockey
Wagering on hockey is done by laying or
taking goals and money odds.
The minus (-) indicates the
favorite
The plus (+) indicates the underdog
Example:
Bruins: + 1/2
Even Kings: - 1/2 -1.40
Player would lay 1/2 goal and $140 to
win $100 on the Kings. Player would wager $100
and take 1/2 goal to win $100 on the Bruins.
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