Wagering Guide
Sports
betting is a game of skill and you are going to need
this wagering guide to come out on top. The challenge is to gather
and analyze as much information as you can about a
game, weigh the probabilities of each team winning,
and subsequently compare your opinion to the oddsmaker's.
Make the right judgment and you win. It's as simple
as that.
While
luck may be a deciding factor in the outcome of any
single game, and will inevitably go against you on
occasion, it will balance out in the long run. Being
a consistent winner in sports betting is not about
luck but whether you are prepared to invest the time
and effort to become knowledgeable about the sports
you bet on, whether you can weigh all the factors in
a cool, objective fashion, and whether you adopt a
consistent, disciplined, long-term approach to your
betting. Do all these and you will come out a winner.
Remember, it's you against the oddsmaker, not the bookmaker.
Bet on Baseball using your checking account!
The
bookmaker is simply a middle-man who operates on a
small profit margin and, ideally, likes to see half
the money wagered on one team and half on the other,
assuring him of a profit. If too much of the money
goes on one team, the bookmaker will move the line
or pointspread to encourage bets on the other team
in an effort to balance his book. The person you are
attempting to beat is the oddsmaker and his views on
each team's chances. Just by flipping a coin you will
be right 50 percent of the time. At odds of 10/11 only
52.4 percent of your bets have to win for you to overcome
the bookmaker's profit and break even, so you only
need a very small edge to become a winner. Do your
homework, bet selectively and 55 percent winning bets
is definitely achievable and 60-65 percent is a realistic
target. At those levels you will have an extremely
profitable, as well as enjoyable, hobby.
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Basic
Types of Sports Wagering
Straights
The
most common type of sports wager is on the result of
a single game, known as a straight wager. One
team is typically favored over another by a pointspread;
the favorite gives the underdog points as a head start,
for betting purposes only. The favorite is always indicated
by a minus sign (-3) and the underdog by a plus sign
(+3). The amount of points a customer must give or
take is estimated to be the amount which will generate
equal wagering on both the underdog and the favorite.
For betting purposes, the result of the game is determined
by taking the actual score and subtracting points from
the favorite's score or adding points to the underdog's
score. So, a favorite can win the game but lose it
for betting purposes and an underdog can lose the game
but win it for betting purposes.
In
most straight bets which are set by a pointspread,
the customer lays $11 for every $10 the customer wishes
to win. For example, the Green Bay Packers may be favored
by 7 points over the Chicago Bears. A customer who
wishes to win $10 on Green Bay must give Chicago 7,
if Green Bay wins by more than 7 points than the customer
wins $10. If Green Bay wins by less than 7 points or
loses outright, then the customer loses $11. On the
other side in order for the Chicago bettor to win,
Chicago must win the game outright or lose by less
than 7 points.
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Totals
A
customer can also bet whether the combined number of
points or goals scored by the two teams in the game
will be over or under the total set by the oddsmaker.
For example, if the total is 42 and you believe that
the combined points scored by the two teams will exceed
that number, you would bet over. You would bet under
if you believe the total points score will be less
than 42.
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Money
Line
A
bet on a matchup between two teams may be set by a
money line instead of a pointspread. If a matchup is
determined by a money line, like Major League
Baseball, then it will cost the customer more to wager
on the favorite. For example, the Atlanta Braves are
a -150 favorite over the Chicago Cubs. In this example,
the customer must lay $150 in order to win $100. If
Atlanta loses, the customer loses $150. However, the
customer could bet on Chicago, in which case the customer
would lay $100 in order to win $140 (10 cent line).
If Chicago loses, the customer only loses $100, and
if Chicago wins, the customer would win $140.
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Exotic
Sports Wagers
Parlay
A parlay is
a bet on 2 or more teams or selections. The customer
can combine different sports, pointspreads and money
lines. In a parlay your original stake and winnings
are re-invested on the next game and all selections
must be correct - one loss and your parlay loses. In
the event of a push (tie), game cancellation or a pitcher
that you have specified not starting, the parlay reduces
to the next lower number, e.g. a 4-team parlay becomes
3-teams. A winning parlay wager will pay many times
more than the initial wager.
Football and Basketball Point Spread 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 |
100/1 |
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Combination Baseball Playoffs
Decimal
Conversion Chart
Because
of the moneyline used in baseball, there are no set
payoffs for tying a number of teams together in parlays.
Payoffs
are determined by a simple formula that changes the
money line into a decimal number and combines it with
the other lines in the parlay.
The
first step is to change the money line into its decimal
value.
Use
this chart for this purpose.
| -1.05
= .95 |
-1.85
= .54 |
| -1.10
= .91 |
-1.90
= .53 |
| -1.15
= .87 |
-1.95
= .51 |
| -1.20
= .83 |
-2.00
= .50 |
| -125 =
.80 |
-2.10
= .48 |
| -1.30
= .77 |
-2.20
= .45 |
| -1.35
= .74 |
-2.30
= .43 |
| -1.40
= .71 |
-2.40
= .42 |
| -1.45
= .69 |
-2.50
= .40 |
| -1.50
= .66 |
-2.60
= .38 |
| -1.55
= .64 |
-2.70
= .37 |
| -1.60
= .62 |
-2.80
= .36 |
| -1.65
= .61 |
-3.00
= .33 |
| -1.70
= .59 |
-3.25
= .31 |
| -1.75
= .57 |
-3.50
= .29 |
| -1.80 =
.55 |
|
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Baseball
Parlays
For
each PRICE or ODDS quote on your teams, look at their
respective PAYOFFS above (to $1) and always add $1
to these payoffs.
Multiply
your BET times the products of these payoffs (+$1)
for your parlay return.
Example:
Bet $50 on Cardinals (-150) parlayed to Tigers (-130)
| BET |
x |
CARDINALS |
x |
TIGERS |
= |
RETURN |
|
|
(-150) |
|
(-130) |
|
|
| $50 |
x |
1.66 |
x |
1.77 |
= |
$146.91 |
*
RETURN INCLUDES THE $50 BET
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Teasers
A Teaser is
a bet on 2 or more teams or selections. The difference
between a teaser and a parlay is that in a teaser you
adjust (tease) the line in your favor. For example
if New York Giants are favored by 7 points in one game
and the Chicago Bears are favored by 10 points in a
second game. A 6 point two team teaser would adjust
the pointspread 6 points in the customers favor; i.e.
New York would now be favored by 1 point (7- 6=1) and
Chicago would now be favored by 4 points (10-6=4).
You could make a 2 Team, 6 point teaser bet with Chicago
and New York. In this example are betting that Chicago
will win by more that 4 points (10-6=4) and New York
will win by more than 1 point (7-6=1). In a case of
a tie or push in a two team teaser, wager is refunded.
In a case of a three to six team teaser a tie or push
will reduce teaser to next lowest number of plays.
Any loss in a teaser constitues a loss.
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Football Teasers
| Football
- points |
6 |
6.5 |
7 |
| 2
teams |
10/11 |
10/12 |
10/13 |
| 3
teams |
9/5 |
8/5 |
3/2 |
| 4
teams |
3/1 |
5/2 |
2/1 |
| 5
teams |
9/2 |
4/1 |
7/2 |
| 6
teams |
7/1 |
6/1 |
5/1 |
3 Team 10 point Football Teasers Odds are 10/12 --Ties Lose
4
Team 13 point Football Teasers Odds are 10/13--Ties
Lose
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Basketball
Teasers
| Basketball
- points |
4 |
4.5 |
5 |
| 2
teams |
10/11 |
10/12 |
10/13 |
| 3
teams |
9/5 |
8/5 |
3/2 |
| 4
teams |
3/1 |
5/2 |
2/1 |
| 5
teams |
9/2 |
4/1 |
7/2 |
| 6
teams |
7/1 |
6/1 |
5/1 |
3
Team 8 point Basketball Teasers Odds are 10/12 --Ties
Lose
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Futures
A future bet
is a wager on an event or outcome that will be determined
sometime in the future. For Example, it might be a
bet made at the start of the season on Dallas Cowboys
to win the Super Bowl. Futures odds change continuously
throughout the season - YOU GET THE ODDS IN EFFECT
AT THE TIME YOU BET. Futures bets often attract (high)
odds to the bettor.
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If
- Win
An If
Win wager is an excellent choice for money management.
You wager a fixed amount on one team if that team
wins or the game is tied, then another fixed amount,
up to the original amount shall be placed on a different
team. 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 cannot
have duplicate teams in the same If Win wager.
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| Example
1 |
Example
2 |
Example
3 |
| Broncos
-7 Win |
Broncos
-7 Win |
Broncos
-7 Lose |
|
if
win
|
if
win
|
if
win
|
| Falcons
-3 Win |
Falcons
-3 Lose |
Falcons
-3 Win |
| |
|
|
| Stake $110.00 |
Stake $110.00 |
Stake $110.00 |
| Win $200.00 |
Lose $11.00 |
Lose $110.00 |
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Reverses
A Reverse wager
is the same as two if win Bets. If wager A wins, the
bet goes to wager B. If B wins, the bet goes to wager
A. If wager A loses, the bet does not go to wager B.
If wager B loses, the bet does not go to wager A. If
wager A wins, the bet goes to wager B and if wager
B loses, the bet does not go to wager A. A standard
reverse bets are Double Action; therefore in the event
of a tie the bet is still active.
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Examples:
| Example
1 |
Example
2 |
Example
3 |
| Broncos
-7 Win |
Broncos
-7 Win |
Broncos
-7 Lose |
| if
win |
if
win |
if
win |
| Falcons
-3 Win |
Falcons
-3 Lose |
Falcons
-3 Lose |
| Falcons
-3 Win |
Falcons
-3 Lose |
Falcons
-3 Lose |
| if
win |
if
win |
if
win |
| Broncos
-7 Win |
Broncos
-7 Win |
Broncos
-7 Lose |
| |
|
|
| Stake $220.00 |
Stake $220.00 |
Stake $220.00 |
| Win $400.00 |
Lose $120.00 |
Lose $220.00 |
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Buying
Points
You
can move a pointspread up to three, one-half points,
in your favor. You must pay an extra 10% for each half
point that the line is moved. When buying points on
or off the pointspread of 3, there is an additional
10% vigorish. Points cannot be bought on money lines
or half time pointspreads.
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European
Odds
European
odds are different from the North American style of
odds. In North America money lines are used to determine
the line. In North America a team that is +140 would
be a 40 point underdog. This means that for every $100
wagered the bettor would win $140. For this to be true
in an European style of betting the odds would be 2.40.
Meaning that for $100 wagered the bettor would win
$140. The 2.40 represents the entire amount wagered
and won by the bettor.
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