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Sports Betting and Wagering TypesWhat 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:
Player wagers $110.00 on Miami -7 to beat Buffalo +7
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.
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- With standard teasers 'ties reduce.' If you bet a 6-teamer and one of your games pushes, it pays out like a 5-team. With a sweetheart 'ties lose', so if any of the games in your tease push, the entire tease loses. In the tables below, I've gone to my favorite sportsbooks in the industry and pulled their teaser payout odds for you to.
- Here are the odds and rules for 10 point sweetheart teasers at four of our recommended betting sites: www.Bovada.lv – 10 point three team teasers at -110 (Ties Lose) Sportsbook – 10 point three team teasers at -120 (Ties Lose) 5Dimes.eu – 10 point three team teasers at -110 (Ties Lose).
Based on the closing line at Bovada to determine which games qualify as Wong bets. Since u/blackjackcounter used Bovada's closing lines, I will continue to use it. You can verify these lines at sbrodds.com. Assuming a -120 payout for 2-team teasers, we must demonstrate better than 73.9% probability on each leg to show we have breakeven-or.
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.
Example:
The player wagers on Miami -160 at Buffalo +140.
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.
Example:
The player wants to make a 5 team parlay: Miami -7, New York +3, Seattle -4, Denver -10, San Francisco -8.
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.
Parlay Payouts
# of Teams | 3 | 5 | 7 | 9 | |
Payout | 13/5 | 10/1 | 40/1 | 150/1 | 700/1 |
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).
# of Teams | 3 | 5 | 7 | |
6 point | 10/11 | 25/10 | 60/10 | 140/10 |
6.5 points | 14/10 | 35/10 | 80/10 | |
7 points | 10/13 | 18/10 | 40/10 | 100/10 |
4 Team Big | ||||
Teaser (10 points sides, 6 points totals) - 10/130 | Heart & Big Teasers |
Teaser Payoff / Odds for Basketball
# of Teams | 3 | 5 | 7 | |
4 point | 10/11 | 25/10 | 60/10 | 140/10 |
4.5 points | 14/10 | 35/10 | 80/10 | |
5 points | 10/13 | 18/10 | 40/10 | 100/10 |
3 Team Sweet Heart Teaser (7 points sides, 4 points totals) - 10/130 | All ties lose in Sweet Heart & Big Teasers. |
What is an ‘IF Wager' and an Action Reverse?
'IF' Wagers Described
Lines for football bets. '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.
Bovada Nfl Special Teasers
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.
Part B |
Dolphins -14 $110 to win $100 |
IF (win, tie, or cancel) |
Cowboys -5 $110 to win $100 |
+400 |
-120 |
-220 |
+200 |
What is a Future and Proposition?
Future wagers are based on the outcome of events that happen each year. All wagers are final. There will be no payouts until the conclusion of the specified season.
Proposition wagers are based on the outcome of events that happen each year. Odds change daily and all wagers are considered action at the odds quoted at the time of the wager.
What are Half-Time Wagers?
The wager is placed on the odds posted for the second half of a game only. All wagers must go the full half for action (first half and second half). All halftime wagers are calculated the same as a straight wager unless otherwise indicated. There are no teaser plays or buying of points on half-times. On half-time wagers, overtime periods are included as part of the 2nd half.
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.
Example:
The player wagers on Miami -160 at Buffalo +140.
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.
Example:
The player wants to make a 5 team parlay: Miami -7, New York +3, Seattle -4, Denver -10, San Francisco -8.
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.
Parlay Payouts
# of Teams | 3 | 5 | 7 | 9 | |
Payout | 13/5 | 10/1 | 40/1 | 150/1 | 700/1 |
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).
# of Teams | 3 | 5 | 7 | |
6 point | 10/11 | 25/10 | 60/10 | 140/10 |
6.5 points | 14/10 | 35/10 | 80/10 | |
7 points | 10/13 | 18/10 | 40/10 | 100/10 |
4 Team Big | ||||
Teaser (10 points sides, 6 points totals) - 10/130 | Heart & Big Teasers |
Teaser Payoff / Odds for Basketball
# of Teams | 3 | 5 | 7 | |
4 point | 10/11 | 25/10 | 60/10 | 140/10 |
4.5 points | 14/10 | 35/10 | 80/10 | |
5 points | 10/13 | 18/10 | 40/10 | 100/10 |
3 Team Sweet Heart Teaser (7 points sides, 4 points totals) - 10/130 | All ties lose in Sweet Heart & Big Teasers. |
What is an ‘IF Wager' and an Action Reverse?
'IF' Wagers Described
Lines for football bets. '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.
Bovada Nfl Special Teasers
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.
Part B |
Dolphins -14 $110 to win $100 |
IF (win, tie, or cancel) |
Cowboys -5 $110 to win $100 |
+400 |
-120 |
-220 |
+200 |
What is a Future and Proposition?
Future wagers are based on the outcome of events that happen each year. All wagers are final. There will be no payouts until the conclusion of the specified season.
Proposition wagers are based on the outcome of events that happen each year. Odds change daily and all wagers are considered action at the odds quoted at the time of the wager.
What are Half-Time Wagers?
The wager is placed on the odds posted for the second half of a game only. All wagers must go the full half for action (first half and second half). All halftime wagers are calculated the same as a straight wager unless otherwise indicated. There are no teaser plays or buying of points on half-times. On half-time wagers, overtime periods are included as part of the 2nd half.
What are 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 player would win $140. For this to be true in a European style of betting, the odds would be 2.40-- meaning that for $100 wagered, the player would win $140. The 2.40 represents the entire amount wagered and won by the player.
What is Buy Points Online?
You can move the pointspread on football and basketball so that you give away less points with the favorite or get more points with the underdog.
To do this, you pay an extra 10 cents on the dollar for each ½ point you buy in your favor. You may buy up to 3 points!
How to Buy Points Online?
1. Make your selections
2. Submit the wager amount, then choosing from a drop down box that appears, select how many points you would like to buy.
3. After you make your selection, click 'Update all' before confirming your wager.
*Please note that this option is made available for Straight wagers.
** For the NFL and College football, there is a premium for buying on/off of the 3 or 7(for example, from +2.5 to +3 or -3 to -3.5)
* Category
* Tags
action reverse - buy points - european odds - future wager - half-time wagers - if wager - money line - parlay - proposition wager - straight wager
NBA Live Betting Receive a 50% Welcome Bonus up to $250. bovada.lv | NASCAR Betting Odds 100% Cash Welcome Bonus bookmaker.eu |
Although a little more advanced than a normal moneyline or spread bet, NFL Teaser Betting is fairly popular at sportsbooks during the NFL season. Teaser bets account for over 15% of sportsbooks handles for NFL betting, and is continuously becoming more popular.
NFL teaser betting is more common with intermediate or advanced bettors, but it isn't a hard concept to understand – I will explain how NFL teasers work below.
What is a NFL Teaser Bet?
A teaser bet is a group of straight bets (two or more) combined into one bet, where each individual line has been shifted to your favour by the number of points of the teaser.
There are three main NFL teasers – 6, 6.5 and 7 point teasers.
In a 6 point NFL teaser the line would be shifted by 6 points in the favour of the bettors play. For example if you wanted to take the Ravens -8, it would be converted into Ravens -2 within a teaser bet. The spread was shifted 6 points (from 8 points down to 2 points). Another example would be if you wanted to play the Chiefs -2.5. In a 6 point teaser the -2.5 line would be changed to Chiefs +3.5.
The same rule is applied for 6.5 and 7 point NFL teasers, except, of course, the line is shifted by either 6.5 or 7 points instead of the 6 points shown in the example above. NFL teaser bets must include two or more bets 'parlayed' (cannot do single teaser bets).
NFL Teaser Example
Here is what a two team 6.5 point NFL teaser bet would look like:
Your selections: Pittsburgh Steelers +3 and Dallas Cowboys -4.5
Bovada Teaser Rules
In a 6.5 point teaser these would then be changed to: Steelers +9.5 and Cowboys -2
In order for you to win the teaser bet both incomes would have to be correct. If one selection was a push the bet is often refunded, but some sportsbooks will count it as a loss if the other selection lost (check your sportsbooks‘ rules).
Below is another example of a teaser bet that I recently placed and won. I teased the Vikings and Eagles from +2.5 up to +8.5 in a 2 team 6 point teaser.
NFL Teaser Bet Payouts
Every sportsbook will have their own payouts and rules for teaser bets. Our favorite sportsbook for getting the best NFL odds is 5Dimes.eu. Of course the more points you use on the teaser the lower the payout will be, and the more teams you include in the teaser bet the higher the payout will be.
Here are the NFL Teaser Payouts at 5Dimes (subject to change):
6 Point NFL Teaser Bet Payouts
2 Teams – (+100)
3 Teams – (+180)
4 Teams – (+300)
6.5 Point NFL Teaser Bet Payouts
2 Teams – (-110)
3 Teams – (+165)
4 Teams – (+265)
7 Point NFL Teaser Bet Payouts
2 Teams – (-120)
3 Teams – (+150)
4 Teams – (+240)
Of course you can choose more than 4 teams in your NFL teaser bet, I just used these as example payouts so you could get a feel for what the payouts are like on teaser bets. Full payout charts can usually be found at the sportsbooks website.
Bovada Push On Teaser 3
Now that you know what teasers are check out this advanced Teaser Betting Strategy article written by our professional sports bettor, Jim. In the article you will learn when teasers are +EV and how you can make a profit during the season picking spots to bet teasers.