SPORTSBOOK WAGER TYPES
WHAT IS A TEASER?
A teaser bet is a bit of a parlay bet, which allows players to reduce their risk. A teaser bet offers the opportunity to bet on point spreads or game totals, and then “tease” or adjust the line to give them a better chance of winning. Of course, their chances to win come at a cost ? which is reduced odds. What is a Teaser?
WHAT IS A STRAIGHT BET?
A straight bet is one of the most common types of sports bets. A straight bet is a type of wager in which you bet on a single game that carries a point spread, a total or a money line. All you need to do to win a straight bet is to correctly wager on the team that covers the spread, or if the two teams cover the over or under.
WHAT IS A ROUND ROBIN?
Round Robin betting is a very fun and quite simple way of putting several parlays together at once. When you place a bet on a round robin, you are picking anywhere from 3 to 8 teams you would like to bet on. Following that, you will elect to do parlays of anywhere from 2 to 6 teams.
WHAT IS A REVERSE WAGER?
Reverse wagers are another form of the “exotic bets” that can be found at sportsbooks everywhere. Reverse bets are one of the more basic kind of exotic bets. A reverse bet is where you are able to put two or more if bets together. In this, your action is covered both ways, kind of like boxing an exacta.
WHAT IS A QUINELLA?
Some race tracks will offer a quinella bet. This two dollar minimum bet allows you to choose two horses and if they finish first and second, you will win the bet. It will usually pay cheaper than an exacta/perfecta of the same bet amount but is easier than an exacta to bet.
WHAT IS A POINT SPREAD?
Point spread betting is something you hear about every day in the world of sports betting. When you are betting the spread, you are betting “ATS,” which is against the spread. If it was as easy as picking the winner, and getting paid 50/50, everyone that was legally able to would be betting on sports.
WHAT IS A SIDE?
Side bets are often given a different name, but they’re basically the same thing as a “straight up” bet. In side bets you eliminate the “line” or the “odds,” and pick the winner. When you wager a side bet, each team will be listed. Following the listing of each team will be the payout for that game. Side bets eliminate any juice because they payout different increments.
WHAT IS A PICK 3?
This is simple in concept but hard to do. In order for you to win this bet, you have to pick the winners of three consecutive races (Same concept for Pick 4, Pick 5, and Pick 6). Most tracks will have a minimum of $1, but more and more are starting to allow a 50-cent version of this bet.
WHAT IS A PARLAY?
Parlays are an extremely popular form of betting within the world of sports. The reason parlays are so popular is their ability to pay-off the bettor in a big way, with just one wager. A parlay is a collection of two or more teams, in which you must win all of the games to win the game. What is a Parlay?
WHAT IS A DAILY DOUBLE?
The Daily Double is a bet where you try to predict the winner of two consecutive races. The standard wager amount is $1, but there are some tracks that have a $2 minimum wager for this bet. This was the first type of multi-race wager offered by tracks and is offered by almost any horse track in North America.
WHAT IS A TRIFECTA?
Trifectas are a bet where you predict the first 3 finishers in a race. These bets can lead to great payoffs but can be expensive to construct a ticket. The minimum bet in most areas is $1. However, some tracks have started to offer the bet for 50 cents, which has made it very popular.
WHAT IS AN EXACTA?
When betting horses, a common bet would be an Exacta bet. This could also be referred to as a Perfecta, or Exactor in Canadian races. No matter the term, they all mean the same thing: Predicting the top 2 finishers. You could do a straight exacta bet, where you the horses have to come in the exact order you bet it in.
WHAT IS ACROSS THE BOARD?
Across The Board is one of the most popular betting types. It’s not much different than a Show bet, in the sense that you’re betting on a horse to finish either first, second or third. The difference is this: If your horse finishes 3rd, you collect only on the show bet. What is Across the Board?
WHAT IS QUARTER WAGERING?
Quarter lines allow the bettor to wager on the first, second, third and fourth quarter of basketball and football games. Quarter lines are generally posted at the end of the previous quarter. It’s a well known fact that college football favorites over 30 points have a poor rate of covering the spread so this may be a great value bet in certain spots.
WHAT IS WIN/PLACE/SHOW?
These are probably the easiest bets to understand, and with it, comes various levels of risk for the bettor. What are you waiting for? Get started placing your horse racing bets now, and be sure to take advantage of the Win/Place/Show feature that is offered. You will love this type of bet, and find that it is nearly addictive.
WHAT IS A TOTAL?
Totals betting is one of those love/hate type bets in the world of sports gambling. Now that you know all about point spreads and straight bets – totals betting offers a completely different look at the game. When you bet totals, you do not even have to concern yourself with who wins the game.
WHAT IS BUYING POINTS?
Buying points is something that all the best sports bettors do at some point. Whether it is to their best interest to do it or not – all bettors have done it. If you are new to the world of sports betting, it would be a great idea to be familiar with that it means to buy points.
WHAT IS HALF TIME WAGERING?
There’s usually lots of wagering action packed into 15-20 minutes, which can make for very rapid line moves, so make sure you plan out what play you want before turning on your computer or picking up your phone as you won’t have much time to second guess yourselves.
WHAT IS A MONEYLINE?
Bettors often times wonder if they should wager with the odds, or if they should go with the moneyline bet. Moneyline bets are one of the most misunderstood betting options in all of the sports gambling. Moneyline bets can be used with pretty much any type of sport.
WHAT IS A Puck Line Hockey?
The Puck Line is a bet where a point spread, usually 1.5 goals, is applied to the favorite (-1.5) and the underdog (+1.5). The odds (payout) of the bet are then applied based on the strength of the teams. The winner is determined by the final score after the point spread is applied.
WHAT IS Hockey Grand Salami Bet?
The NHL Grand Salami bet is a Totals or OVER/UNDER bet based on all the goals scored in all the NHL games of one particular day. The oddsmakers set a number of goals scored and bettors wager on if the actual goals scored are higher or lower than that number.
WHAT IS a Hockey Periods Bet?
Hockey Periods bets are all the bets that can be placed during a specific period of a hockey game. The first, second, or third. These can include moneyline as well as puck lines.
WHAT IS a Hockey Props?
Hockey Prop bets are wagers made on the game which do not necessarily involve the outcome of the game or it’s final score.
WHAT IS a Baseball Run Line Bets?
The Run Line is the betting line created just for baseball. A point spread of 1.5 is applied to the favorite (-1.5) and the underdog (-1.5). The odds (payout) of the bet are then applied based on the strength of the teams. The winner is determined by the final score after the point spread is applied.
WHAT IS a Baseball 1st 5 Innings?
Baseball’s 1st 5 innings bet is a prop bet based on the outcome of only the first 5 innings of a particular game.
WHAT IS a Baseball Salami?
The MLB Grand Salami bet is a Totals (over/under) bet based on all the runs scored in all the MLB games of one particular day.
WHAT IS a Baseball Series bets?
MLB Series bets are any bets placed on the outcome of a particular series as opposed to just one game.
WHAT IS a Baseball Team Props?
MLB Team Prop bets are prop bets made concerning the team’s statistical totals in a particular game.
WHAT IS a Baseball Player Props?
MLB Player Props are prop bets made concerning a certain player’s totals in a particular game.
WHAT IS a Team Totals?
A Team Totals bet is an over/under bet placed on the combined final score of any particular game.
WHAT IS a MLB adjusted Run Line?
Betting the moneyline and the total line are the two most popular ways to wager on MLB games.