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If Bets
If bets help customers who want to have action on more than one game but based on the result of the 1st wager. There are 2 types of if bets, “If Win Only” and “If Win/Ties or cancelled.
If Win Only example:
501. Dallas Cowboys -5 $110 to win $100
If Win Only
504. 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. If the Cowboys win by exactly 5, then there will be no action on the Carolina Panthers and the 110 will go back to your account.
If Win/Ties or cancelled example:
501. Dallas Cowboys -5 $110 to win $100
If Win/Ties or cancelled
504. Carolina Panthers +4 $110 to win $100
In this case, customers will have action on the second part of the wager if Dallas wins by 5 or more points.
Reverse Bets
A Reverse wager connects two contestants in two separate IF bets. The first IF would connect contestant A to contestant B, the second bet would connect contestant B to contestant A.
Keep in mind Reverses are If bets where you need to select if win only or if win/ties or cancelled.
Example:
A customer wants a $100 Action Reverse with the New England Patriots -9, and the Denver Broncos +6… the play would look like this.
Part A: New England Patriots -9 Risking $110 to win $100, If that play wins or pushes then there will be action on the Denver Broncos +6 risking $110 to win $100. If the New England Patriots don't cover the -9 spread then there will be no action on the Denver Broncos +6.
AND
Part B:
Denver Broncos +3 risking $110 to win $100, if that play wins or pushes then there will be action on the New England Patriots -9 risking $110 to win $100. If the Broncos don't cover the +6 spread then there will be no action on the Patriots -9.
The total risk amount is $220.00, but the player has a possibility of winning up to $400.00.
Money Lines
Football and Basketball betting you are given the option to bet a point spread or a moneyline bet. With money lines you wager which team is going to win. Disregarding the point spread.
Example:
Orlando Magic -280
Houston Rockets +240
If you wager on Orlando -280 you lay $280 to win $100.
If you wager on Houston +240 you lay $100 to win $240.
The line values are determined base on the point spread. When betting money lines you are betting on a team to win the game outright.
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*
* Any open wager left unfilled/pending for more than 90 days will be cancelled. No open spots on 10 pt teasers. No open spots on 4 team or more parlays.
* The minimum amount for a bet placed online with 1 or 2 open spots is $50 and customer must call to fill the open spots.
Round Robins
Round Robin is a wager in which three to ten teams or totals are combined into a single play and all possible combinations of Parlays chosen by the customer. Any pick that can be parlayed may be placed in a Round Robin.
Because the Round Robins are turned into Parlays, the same rules apply as in a regular Parlay:
- If one of the teams loses, all parlay combinations with that team are a loss.
- If one team pushes, then all combinations with that team would turn into the lower Parlay or Straight bets risking the same amount of the Parlay.
- Open spots are not allowed in Round Robins.
- Points may be bought on as many picks as the customer wants in a Round Robin, as long as the Round Robin is broken into only 2 or 3 team combinations.
Also, whatever the player risks on the Round Robin must be applied to each of the 2 Parlay combinations.
Example:
New York Knicks +7 -110
Houston Rockets +8 -110 - A $50 RR, in combinations of 3 by 2’s
Cleveland/Denver Over 188 -110
| 1st Parlay |
2nd Parlay |
3rd Parlay |
| Knicks +7 |
Knicks +7 |
Houston +8 |
| Houston +8 |
Cleveland / Denver Over 188 |
Cleveland / Denver Over 188 |
| Risk $50 / Win $130 |
Risk $50 / Win $130 |
Risk $50 / Win $130 |
A 3 team Round Robin for $50 has 3 possible 2 team Parlay combinations, so the maximum risk would be $150; each parlay would win $130, so the maximum win would be of $390.
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