Sport prediction types
Moneylines
A Moneyline is an indicator of odds that a given team needs to win the game match or event; the favorite team will be identified with the lower of the numbers. A negative Moneyline indicates how much the player needs to risk in order to win $100, and a positive Moneyline indicates how much a player can win by risking $100. When betting on a Moneyline, your pick or selection is only required to win the game in order for you to win your wager, unless, a Draw or Tie is part of the Bet selection, in which case if the game ends up in a tie, and you bet one of the other teams, your bet will be a loss because the tie was also a bet possibility.
For Example: Yankees-130 / Red Sox +110
In this example you will need to risk $130 in order to win $100 if you are betting the Yankees to win the game, in the other hand, you will be paid $110 for every $100 you bet on the Red Sox if they win the game
Point Spread or Handicap
A Point Spread or Spread is where the favorite of the match, game or event not only is required to win the game or event but also needs to win by a certain amount of points, runs, goals, etc. At the same time, the team that is not favored, also know as the Underdog will be given the same amount of points, runs, goals, etc on his/her favor. Spreads go hand by hand with money lines, meaning that a certain price is usually added to the Point Spread or Handicap. 1/2 points, runs, goals, etc are used as tie breakers. In the event that the final score minus the handicap or vice versa adds up to 0, the bet will be considered a push or no action.
For Example: Colts +3 -110 / Patriots -3 -110
In this example if you are betting the Patriots to win the game, they not only have to win the game but they also need to win by more than 3 Points in order for you to win your bet, because there is a -110 implied, you will also need to Risk $110 to win $100 when betting this.
Asian Handicap
A type of point spread or handicap where the bettor’s wager is divided into two different points spreads where the risk amount will be split in two identical parts.
For Example: FC Barcelona -0.5, -1 +100
In this case, your bet will be divided into two different sport bets, one where FC Barcelona will be -0.5 and a second one where FC Barcelona will be -1
Total Sport Bets
A total bet is a wager on the total outcome of the game and not on one of the sides. Bettors will be given the choice to bet on the score to be more or less than the specified number and it behaves the same way as a spread or a Spread or Handicap.
Straight Bets
For betting purposes, the favorite spots the underdog points. Favorites are indicated by a minus sign (-) and the underdog by a plus sign (+) followed by the spread amount. Sometimes there is no spread on a game which the oddsmakers have deemed to be even money. This may be indicated by a PK (Pick) or an E (Even).
For example, a line like this:
401 Philadelphia Eagles –3
402 Kansas City Chiefs +3
If you bet on KC (+3), and the final score ends up to be Philly 21, KC 19, you won your bet since KC covered the spread by 1 point. If the point differential of the game equals the pointspread (i.e.: Philly 21, KC 18), this is a push (tie) and your original bet on this game is refunded, regardless of which team was wagered on.
Over/Under (O/U) Totals
You can bet whether the total number of points scored by both teams in the game will be over or under the total set by the oddsmaker. For example, if the O/U is 38.5 and you believe that the combined points scored by both teams will exceed this number, you would bet over. You’d bet under if you believe the total points score will be less than 38.5.
Parlay
You can combine bets on games, pointspreads, O/Us, and money lines into a parlay bet. To win your parlay, you must hit all your picks. A wager on 2 or more teams or any other bet type. A single miss and the whole parlay loses. In the event of a push, the parlay drops to the next lower number, i.e. a 4-team parlay becomes 3-teams. Parlays are the high risk/high payout bets. Some sportsbook parlay odds may vary slightly on the higher number of selections, but the following is a typical example of payouts:
Football Point Spread Parlay Odds
2 Picks 2.5/1
3 Picks 6/1
4 Picks 10/1
5 Picks 20/1
6 Picks 40/1
7 Picks 80/1
8 Picks 100/1
9 Picks 200/1
10 Picks 350/1
Teasers
The difference between the teaser and parlay is that in a teaser, the spreads are adjusted in your favor, but the teaser payouts are less than in a parlay. A 6 point, two team teaser would adjust the pointspread 6 points in the your favor for each game. For example, you choose both of the favorites in the following:
Carolina Panthers are favored by 8 points in one game and the New England Patriots are favored by 8 in the other. You would net the spreads of each game against the 6 points. Carolina would now be favored by 2 point (8-6=2) and New England would now be favored by 3 points (9-6=3). In this case, you are betting that Carolina will win by > 2 point and New England will win by > 3 points. In the case of a tie in a two team teaser, your bet is refunded. A tie, or push in a three or more team teaser will reduce the wager to the next lowest level. i.e. a 6 team teaser with a push becomes a 5 team teaser.
Future Bets and Propositions
A Futures bet is based on the outcome of an event that will take place at a specific date and time in the future. The event normally happens annually and you place the bet ahead of time. A Propositions bet also known as a Prop is based on the outcome of a special event. Payouts are only done after the conclusion of the event.
In the case of both Futures and Props, all bets are final. If the team or person selected by the Player does not participate in the game or event, the bet loses. Odds for these bet types will change periodically. However, the bet is subject to the odds displayed at the time the bet is placed; no exceptions.
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