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п»їSports Betting and Wagering Types.
What is a Straight Wager? The team wagered on must win by the point spread given at the time of the wager. For straight wagers, unless otherwise indicated, the odds are $1.10 to win $1.00. Games that tie are considered "no action" and money is re-deposited back into your account. Due to changing events, the point spread may fluctuate at any time so refreshing your screen will update current odds.
Example:
If Miami wins by more than 7 points the player wins $100.00 so the total payout including the initial wager would be $210.00. If Miami only wins by 7 points then the game is considered "no action" and all money is returned to the bettor. If Miami wins by less than 7 points the wagers is lost.
What is a Money Line? The team wagered on just has to win the game. The amount you lay or take for each game may vary. The money line that is read at the time of your wager is the money line you keep regardless of any line movement.
If Miami wins, the player would wager $160.00 to win $100.00. If the player wagered on Buffalo, the player would wager $100.00 to win $140.00.
What is a Total? The combined score of both teams for games wagered on, all totals lay $1.10 to win $1.00 unless it is otherwise indicated.
Example: The player wagers $220.00 on the 'OVER' in the Miami / Buffalo game. The total for the game is 45.
If both teams' combined score is more than 45, the player wins $200.00. If the combined score is equal to 45, the game is considered 'No Action' and the money is re-deposited to the player's account. If the combined score is less than 45, the wager is lost.
What is a Parlay? This is a bet of 2 or more teams (selections) in no particular order. All teams wagered on in a parlay must win. If there is a tie or 'No Action' among the selections made, the parlay reverts down to the next lowest number for payoff. In the case of a 2-team parlay, it will revert down to a straight wager.
If all these games win, the player wins at 20-1 odds. If 4 of the games win and 1 of the games is considered 'No Action', the player wins at 10-1 odds. If 1 of the games loses, the entire parlay loses.
What is a Teaser? A Teaser is a selection of two or more teams in one wager in which the point spread is adjusted in your favor. The number of teams selected and the number of points selected determine the payout odds. A 'Tie' or 'No Action' and a 'Win' on a two team teaser shall constitute a 'No Action' wager. A 'Tie' or 'No Action' and a 'Loss' on a two team teaser shall constitute a 'Losing' wager. Ties on a three or more team teaser shall revert to the next lowest betting bracket (Example: A tie on a three team becomes a two team teaser).
Sweetheart Teasers: A sweetheart teaser combines either three or four football or basketball wagers. The number of points that you adjust the point spreads or totals by depends on the sport and the number of teams in the teaser, as follows:
Sweetheart Teaser Payoff / Odds for Football Teaser size: Tease by: Odds: 3-team 10 points -110 4-team 13 points -120 * Please verify with your sportsbook for more accurate Sweetheart teaser payouts. The payouts above may differ from sportsbook to sportsbook or from specific promotions.
Sweetheart Teaser Payoff / Odds for Basketball Teaser size: Tease by: Odds: 3-team 8 points -110 4-team 10 points -120 * Please verify with your sportsbook for more accurate Sweetheart teaser payouts. The payouts above may differ from sportsbook to sportsbook or from specific promotions.
NOTE: This type of teaser never reduces. If one of the wagers results in a tie, the whole teaser will be considered a loss. If one of the picks is graded "No Action" (e.g., a rained-out game) and the rest of the picks are winners, the whole teaser will be graded "No Action" and will be refunded. Like a regular teaser, a loss in your sweetheart will make the entire wager a loss regardless of the outcome of the other selections.
What is an ‘IF Wager’ and an Action Reverse? 'IF' Wagers Described.
'IF' wagers allow the player to make a second wager pending a win on the first selection. 'IF' wagers must be made on one call, and the second part of the 'IF' wager cannot exceed the amount of the first selection.
An Action-Reverse wager is a pair of IF Action wagers. The pairs are made by taking the original IF Action wager and placing another IF Action wager in reverse order.
Following is a breakdown of a 2 play Action-Reverse wager.


Parlay Strategy.
A parlay bet is a popular form of sports wagering most gamblers are familiar with. In case you’re not, this bet is rather easy to understand. A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager. Using this option, the payout is greater and the risk is less, but you need all teams selected to win.
What happens if there’s a push in a parlay? That bet will be taken out of the parlay and the payout will be reduced as if there were one fewer team in the parlay. So if you had a 4 team parlay and you got three picks cocrrect and the other was a push, you would be paid out the odds of a 3 team parlay.
Parlay bets can be very tempting as they can offer some big payouts. See a recent parlay Kevin made at 5Dimes.eu and cashed in on!
Are Parlays Sucker Bets?
There is a general misconception in sports betting that all parlays are sucker bets. This is simply because most sports bettors are not familiar with how they work, or how to bet them properly. In this article, I’ll address parlay betting strategies, but first let’s look at parlay odds and how they are calculated.
The parlay odds at most Las Vegas sportsbooks are:
2 teams 2.6 to 1 3 teams 6-1 4 teams 10-1 5 teams 20-1 6 teams 40-1 7 teams 80-1 8 teams 150-1.
Let’s say you decide for the next eight weeks you’re going to bet the Monday night football game, starting with a $1.00 bankroll and betting your entire bankroll each week until you go 8-0 or bust. The potential win is as follows:
Week 1: $1.00 to win $0.91: If win total profit = $0.91 (Bankroll =$1.91) Week 2: $1.91 to win $1.74: If win total profit = $2.65 (Bankroll =$3.65) Week 3: $3.65 to win $3.32: If win total profit = $5.97 (Bankroll =$6.97) Week 4: $6.97 to win $6.34: If win total profit = $12.31 (Bankroll =$13.31) Week 5: $13.31 to win $12.10: If win total profit = $24.41 (Bankroll =$25.41) Week 6: $25.41 to win $23.10: If win total profit = $46.51 (Bankroll =$47.51) Week 7: $47.51 to win $43.19: If win total profit = $89.70 (Bankroll =$90.70) Week 8: $90.70 to win $82.45: If win total profit = $172.15 (Bankroll =$173.15)
The reason parlays are often sucker bets shows up in this middle column. Had you bet these in an 8 team parlay, you’d only get paid 150 to one. Essentially, a parlay is no different than betting all in each time, only parlays generally pay much worse. However, you’ll notice the odds are not poor until you get to four teams, where the sportsbook has a whopping 31.25% advantage. Two teams pay a smidgen worse than the manual parlay (all in each time) option, where three team parlays pay a smidgen better. Rarely ever is a 2 or 3 team parlay a true suckers bet.
What Does a Parlay Pay?
As I mentioned earlier, fixed parlay odds vary greatly between online sportsbooks. Here is some info on which sites offer the best fixed parlay odds:
3 team parlays pay 6/1 or $600 for every $100 bet. BetOnline.ag is the leader in the industry in 3 team parlay payouts.
Generally speaking, parlaying 5 teams or more teams is not a good idea; however, for sports gamblers looking for a lotto ticket, 5dimes.eu and Bookmaker.eu each offer up to 15 team parlays and have by far the best odds in the business on these.
True Odds Parlays.
1 Earlier, I mentioned fixed odds are only given when all selections are 50/50 propositions. If one side of a line requires a greater stake than the other to yield the same payout, this is not a 50/50 proposition, and the bookmaker will now use “true odds”. What’s important to note is that true odds doesn’t actually mean the “true odds” of winning. Rather, true odds pays the same as if you bet each team individually and rolled the profit forward each time, which is what I showed in the example of 8 all in bets starting with a $1.00 stake.
Let’s say you’re in the mood to gamble on an 8 team parlay, but the only out available to you is a bookmaker paying 150-1 fixed odds. A trick of the trade here is to include one bet that is priced differently than -110 in order to force the bookmaker to use true odds. So, let’s say you make 7 selections priced at the standard -110 pricing and one at -115. A true parlay calculates by multiplying each modifier together. The math is 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.87, which equals 173.41. This bet returns 173.41 times the stake, which includes the risk amount, so the bet is 1 to win 172.41. Notice this is significantly better than the fixed odds payout of 1 to win 150 on an 8 team parlay. In short, the trick of the trade when dealing with poor fixed odds is to simply add one team to the parlay that is priced differently than the standard -110.
As you can now see, if you know how to bet parlays properly, they are not always sucker bets. There are, however, a few reasons that parlays are generally not a good move. I’ll cover these, and then cover the times it does make sense.
Top Reasons to Avoid Parlays.
1) Progressive betting systems are generally regarded as poor strategy for both bankroll management and bankroll growth. Professional bettors make wagers based on their quantified edge per game. While the math can work out, doing the math for proper bet sizing on a parlay is a lot of added work with little to no upside for most sports bettors.
2) Parlay bets have higher variance than straight bets. Here you’re getting the same odds, but your chance of hitting a dry spell is greatly increased. When the odds are the same it is most often better to go with the lower variance option, which in this case is straight wagers.
3) Line Shopping – Sports bettors maximize their profit by always shopping for the best price. For example, finding -4 when other sites are -4.5, and finding reduced vig options such as -104 instead of -110. When betting parlays, you’ll need to find the most favorable odds for each team at a single betting site. This scenario is rare, so generally you’ll end up with better odds by making straight wagers at multiple betting sites.
Parlays That Make the Most Sense:
Reduced Juice – BetOnline.ag offers 6.5 to one on three team parlays. This comes out better than betting sides at the -105 price standard reduced juice sports books offer. In sports such as NFL football where 50/50 wagering propositions are common, a sports bettor gets far superior odds by betting 3 team parlays at BetOnline.
Correlated Parlays – If a bookmaker was offering betting lines on both “will it be cloudy today?” and “will it rain today?”, if allowed, you’d be much better off betting either both as no, or both as yes, in a parlay bet as opposed to straight wagers. While this is a simplified example, there are plenty of times when outcomes are correlated in sports betting. For example, a handicapper might determine that if one team covers the spread, the game is more likely to go over or under the posted total. Also, during the final week of the NFL season, a certain team winning or losing the day game might result in a previously important night game now having no meaning in the playoff race.
Free Play Bonuses – Several online betting sites, for example BetNow, offer players free bets based on the size of their initial deposit. Free play bonuses are not the same as cash. The difference is that a bet made with cash returns both stake and win, where a bet made with a free play returns only win. Parlays allow you the chance to use the same free play more than once, because a parlay really is only a wager that continues to place stake+win on the next selection. Remember, fixed odd three team parlays pay a little better than true odds. So when using free plays to bet 3 team parlays, you’re getting slightly better odds, and also a chance to apply that free play stake to three different bets. This is common knowledge that 3 team parlays are a great use of free play bonuses.


Betting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it’s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back.
Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult.
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That’s because of the vig, which is a sportsbook’s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you’re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
Sports Betting Odds.
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Copyright 2021 В© Action Network Inc, All Rights Reserved. | |
DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting.
If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. This service is intended for adult users only.


Parlay Calculator.
The parlay calculator allows you to input the odds for each leg of your parlay to quickly calculate the payout of your bet.
Top Offers.
A parlay is a wager type in which multiple bets are linked together to create a greater payout. But since it’s treated as one big bet, every game in a parlay must win for the bet to win. If even one game loses, the parlay loses.
Sportsbooks give you bigger and bigger payouts for adding more games to a parlay.
Sportsbooks automatically calculate parlay payouts for you, or you can use our parlay calculator above.
Here’s how the math works. Convert the American odds to decimal odds using our odds converter. Multiply the decimal odds together to get your multiplier. Multiply the multiplier by your bet amount. Subtract your original stake to get the parlay odds.
So if you're parlaying three teams at - 110 in American odds, your formula looks like this, since - 110 in decimal odds is 1.91. 1.91 x 1.91 x 1.91 = 6.97 6.97 - 1 = 5.97.
Here’s a slightly more complicated example.
Let’s say you want to bet three heavy favorites on the moneyline because you’re confident each team will win, but not sure if they’ll cover the spread.
So you bet Packers -300 against the Lions, Patriots -200 vs. the Jets, and Eagles -150 at the Redskins.
Our formula looks like this after converting to decimal odds:
Parlays are not always bad bets, but you’re never getting a fair shake from a sportsbook.
Parlay vs. True Odds.
Sports Betting Odds.
NFL Odds & Betting Lines NBA Odds & Betting Lines College Football Odds & Betting Lines College Basketball Odds & Betting Lines MLB Odds & Betting Lines NHL Odds & Betting Lines.
Expert Picks.
NFL Picks & Analysis NBA Picks & Analysis College Football Picks & Analysis College Basketball Picks & Analysis MLB Picks & Analysis NHL Picks & Analysis.
Online Sports Betting News & Offers.
State Legalization Tracker Colorado New Jersey Pennsylvania Indiana West Virginia Tennessee Illinois Michigan Virginia Iowa.
Best Online Sportsbooks & Reviews.
DraftKings PointsBet BetMGM William Hill FanDuel Parx FOX Bet.
The Action Network.
DOWNLOAD MOBILE APPS.
Copyright 2021 В© Action Network Inc, All Rights Reserved. | |
DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting.
If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. This service is intended for adult users only.




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