Wager Types

Straight Wagers

Two ways to place straight bets with SBI:

Single Straight

Allows you to place one straight wager at a time. You can buy points or specify pitchers (when Placing baseball wager)

Multiple Straights

Allows you to place multiple straight wagers on multiple Sports on one screen. However you can not buy points Or specify pitchers (when placing baseball wagers)

Intro:

A game has four (4) straight wagering situations. You can wager on the 'side' of the game or the 'total' of the game. When wagering on a 'side', you can choose to wager on (a) the favorite team (the team most likely to win the game, or has the odds in its favor) or you can choose (b) the underdog (the team most likely to lose the game, or has the odds against it). A 'total' (or over/under) is the combined amount of points both teams will score in a game. When wagering on a 'total' (or over/under), you can choose to wager on (c) 'over' or (d) 'under' the total points scored .

The different types of lines:

The Point Spread:

Point spreads are used in football and basketball. The point spread (or 'line') will try to make the game an even game by adding points to the score of the underdog or subtracting points from the favorite.

The Total ('over/under'):

Totals are used in football, basketball, baseball, hockey, etc. The Total is the combined points both teams will score in a game.

'Juice' or 'VIG' (Vigorish):

When wagering on a straight wager (point spread or total), you lay a certain amount of money to win a smaller amount of money. The difference between what is wagered and what is won is called the 'Juice' or 'VIG'. In football and basketball the 'Juice' (or 'VIG') is usually 10%. In other words, for every $110 wagered you will win $100. If you lose the wager, you lose $110. If you win the wager, you get the $110 'Juice' refunded to you, plus the $100 in winnings ($110 + $100 = $210 total paid back to your account).

Pick'em

When there is no favorite team (both teams are considered to have an equal chance of winning the contest) the 'point spread' is a 'PK' ('Pick' or 'pick'em') in which case there is no point spread. In a 'PK' you may wager on either team to win. If the team wagered upon wins, your wager is a winner.

The Money Line

The 'Money Line' can be used with all traditional sports and just about anything else you can wager on (football, basketball, baseball, hockey, boxing, tennis, golf, NASCAR, soccer, etc.). In a 'Money Line' there is no point spread. The money line determines the amount of money laid and the amount of money won when wagering on either the favorite or the underdog. The highest negative money line determines the favorite team, and the lowest negative money line and all positive money lines determine the underdog. The most common case is the favorite with a negative line and the underdog with a positive one.

Buying Points

You can buy points to your advantage on the sports of football and basketball. Points can be bought on the side or on the total. Each half point costs you an additional 10 cents to the dollar. You can buy a total of 2 full points on any side or total.

Buying Points ON or OFF of the point spread of three ( 3) NFL

When purchasing a ½ point "on" or "off" of the point spread of three (+/- 3) in NFL, you will need to lay/risk an additional 20 cents to the dollar and will have to risk $130.00 USD to win $100.00.

Buying Points ON or OFF of the point spread of three ( 3) NCAA College Football

When purchasing a ½ point “on” or “off” of the point spread of three (+/-3) in NCAA College Football, you will need to lay/risk an additional 15 cents to the dollar and will have to risk $125.00 USD to win $100.00.

Parlays

A parlay is a single bet that links together anywhere from 2 to 6 individual plays. The parlay can be comprised of a series of bets on a team, over/under bets, or any mixture of the two. For the parlay to be a winning wager, every one of its individual plays must win. If any of the individual plays is not a winner, then the entire parlay wager is a loss.

If, one of the individual plays is a "push," then the parlay reverts to the next amount of teams. For example, a three play parlay would become a two play parlay; a two play parlay would become a straight bet, with corresponding reductions of the payoff.

All four major sports can be parlayed (football, basketball, baseball, and hockey). Money lines that differ from -110 affect the payout of the parlay. The higher the negative money line, the lower the payout of the parlay. The higher the positive money line, the higher the payout.

MAX PARLAY PAYOUT IS $100,000.

Number of Teams

Payoffs

2

5 to win 13

3

1 to win 6

4

1 to win 10

5

1 to win 20

6

1 to win 40

 

Cannot Parlay:

Money Line to

Side of the same game
1st half side or total of same game
Halftime side or total of same game
Any Quarter side or total of same game

Side of game

1st half side or total of same game
Moneyline of same game
Halftime side or total of same game
Any Quarter side or total of same game

Game total

1st half total or side of same game
Halftime total or side of same game
Any Quarter side or total of same game

1st Half side to

Halftime side of same game
Side or total of the same game
Moneyline of same game
Any Quarter side or total of same game

1st Half total to

Game total or side of same game
Any Quarter side or total of same game

Round Robins

A Round Robin by definition is the combination of all possible two-team parlays with the chosen teams. You can choose from 3 to 6 teams in a Round Robin, from which a combination of two team parlays are made. The maximum risk in a Round Robin is calculated by multiplying the maximum number of parlays by the amount you want for each two-team parlay.

Note: Each of the two-team parlays is graded individually.

Teasers

A teaser can only be played in football and basketball. The teaser is 1 wager consisting of 2 or more sides/totals in which you are allowed to adjust the point spread in your favor. If there is ANY loss in a teaser, the entire teaser results in a loss!! Otherwise, if the teaser contains a push, no action, or tie, the teaser will revert to the next amount of teams, paying the odds of the new teaser In the case of a two-team teaser, if there is a push, no action, or tie, the wager will be refunded. EXCEPT in ALL Sweetheart Teasers & Special Teasers. Any Push/Tie in a Sweetheart Teaser & Special Teaser is a LOSS.

Any cancelation or postponed game in Sweetheart Teasers & Special Teasers is a NO Wager.

Teasers Payoffs

Football

6 points

6.5 points

7 points

Basketball

4 points

4.5 points

5 points

2 teams

11 to win 10

6 to win 5

13 to win 10

3 teams

5 to win 9

5 to win 8

2 to win 3

4 teams

1 to win 3

2 to win 5

1 to win 2

5 teams

2 to win 9

1 to win 4

2 to win 7

6 teams

1 to win 6

2 to win 11

1 to win 5

Sweetheart Teasers Payoffs   Any Push/Tie in a Sweetheart Teaser & Special Teasers is a LOSS.

Any cancelation or postponed game in Sweetheart Teasers & Special Teasers is a NO Wager.

Football

10 points 3 Selections 2 Totals Max *

13 to win 10

Football

13 points 4 Selections 2 Totals Max *

14 to win 10

Basketball

8 points 3 Sides No Totals *

13 to win 10

* Any Tie Is a Loss

Any cancelation or postponed game in Sweetheart Teasers & Special Teasers is a NO Wager.

If-Bets

If-bets are used by many players as a method of money management. Like a parlay, an if-bet links together 2 or more individual plays. Unlike a parlay, an if-bet is not an all-or-nothing wager: the individual plays remain individual wagers.

Let's look at an if-bet that contains just two plays. You bet on an initial team or total, if that wager wins then the second wager that you chose will automatically be placed. You should therefore always list the bet you are most confident about first. If your initial bet loses, then the second wager is not placed. The status of the linked bets has nothing to do with the games’ starting times or what order they are played in, it is strictly a logical relation. Even if the first game in your if-bet is played hours after the second one, the status of the second bet must wait for the first game’s results. The amount of the total wager is collected at the time you place the entire bet sequence. You cannot bet a higher amount on the second wager. Since the second wager is placed only if you win, the maximum amount that you can lose is the amount of the first wager.

Players have an option of choosing the conditions of an if-bet: "single action" (If-Win-Only) or "double action" (If-Win-Push/Cancel). Single action specifies that the remaining bets in the sequence will only be placed if the preceding bet wins. If the preceding bet is a "push" or is cancelled for any other reason, then the remaining bets will not be placed. Double action specifies that the remaining bets in the sequence will be placed if the preceding bet wins, results in a "push" or is cancelled for any other reason. In other words, "double action" means that the remaining bets in the sequence will not be placed only if the preceding bet loses.

Players also have an option of choosing the conditions of an if-bet “single action” (If-Lose-Only) or “double action” (If-Lose-Push/Cancel). Single Action you can only have Team A if Lose Team B. when the wager is placed the bet amount on both teams will be reserved. If you have Team A laying $110 to win $100 If Lose Team B $110 to win $100, then $220.00 will be reserved from your account until the wager is graded. The first team must lose in order to have a wager on the second team. The bet does not roll over if the first team either wins or pushes. Double action (If-Lose-Push/Cancel) specifies that the remaining bets in the sequence will be placed if the preceding bet loses, results in a "push" or is cancelled for any other reason. In other words, "double action" means that the remaining bets in the sequence will not be placed only if the preceding bet wins.

Example:

Dallas Cowboys -5 $110 to win $100

IF (if win, tie, or cancel)

Carolina Panthers +4 $110 to win $100

Reverses

Reverse bets are simply "if bets" that work in both directions. All reverse bets are double action: the remaining bets in the sequence will be placed if the preceding bet is a win, a "push," or is cancelled for any reason. An "if bet" (double action) follows the sequence "if Team 1 wins, ties or cancels then Team 2." Placing a reverse bet will include that sequence and its opposite: "if Team 1 wins ties or cancels then Team 2" AND "if Team 2 wins, ties or cancels then Team 1." As you can see, reverse bets contain two "if bet" sequences and you must lay down an equal amount for each one: an if-bet for $110 is $220 as a reverse bet.

Part A

Cowboys -5 $110 to win $100

IF ( win, tie or cancel)

Dolphins -14 $110 to win $100

Part B

Dolphins -14 $110 to win $100

IF ( win, tie, or cancel)

Cowboys -5 $110 to win $100

 

If both teams win

+400

One win, one loss

-120

Both teams lose

-220

One push,
One Win

+200

Futures

A future bet is a straight bet on an event or outcome that is relatively far off in the future. For example, you can bet that the Minnesota Vikings will win the Super Bowl long before the NFL season even starts, or that Jeff Gordon will win the Winston Cup before the first race in the series has even been run.

Futures bets are mostly money line bets and the odds are continually updated during the period leading up to the time when the bets are taken off the board. You receive the odds that are in effect at the time you place your bet. Because circumstances can change so much from the date the bet is offered to the date of the actual event.

Propositions

A proposition bet is a very specific bet offered by the house. The individual bets have titles that explain on what event, action or player the wager is placed.

Example:

Total Passing Yards for Dan Marino

Last Team To Score In 1 st Half

Total Rebounds Made By K Garnett

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