I would like to go over some of the basic types of wagers that are offered in the sports book. These are the options you will have to work with should you choose to join the lively world of sports wagering… Might as well know what you are working with, right?
– The Spread: The Spread is the most common bet in football. The team might appear listed on a sports book betting board as “101 New England -3.” That means that a player who places a bet on New England (by saying 101 to the teller) can win only if New England beats its opponent by 4 or more points. If New England wins by 3 points, the game is declared “no action” and all money is returned. If New England wins by 2 points or less or if they lose the game all together, the bet is a loses. Spread bets are generally 11/10, or $11 wagers will make $10. So a winning bet will return $21.
– The Money line: This is a straight up wager on who will win the game by having the better score at the end of it. Teams that are favored will require a larger bet to make a smaller amount profit. For example, if San Francisco is favored in its game with Oakland, its money line may be “Oakland -160.” That means the player must bet $160 to win $100. “Oakland +260” means that the bettor collects $260 on a $100 wager if the Raiders win.
– Over/Under: This is a bet on whether or not the combined score of a game will exceed a predetermined number. A bettor who chooses the over in a game with an over/under of 45 wins their bet if the 2 teams combine a score 46 points or above. The payouts are the same as with point – spread wagers.
– Parlays and teasers: These kinds wagers involve 2 or more teams bet consecutively. All bets must be winners for the player to collect on their bet. The greater the number of bets in the overall wager, the larger the amount of the payout. A winning 5 – team parlay, for example, can pay 20 – 1. Teasers also involve multiple teams but they allow you to alter the betting line so it is slightly in your favor.
– Propositions: These are exotic bets usually only offered only during special games or events, like the Super Bowl or the state of the union address… Bettors can make bets on virtually any occurrence. Some of these prop bets can be on the type of play that will result in a score, who wins the coin toss, whether a quarterback will throw an interception, the score at the end of the first half, or even who will scores the first touchdown. These wagers are difficult to win and are usually they are offered at generous odds.