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elrod817
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* Please remember to wager responsibly, never wager more than you can afford to lose. Gambling is not a sprint, it's a marathon *
Single Bet - This is the most basic wager and the one that most are familiar with. A single bet is simply a bet placed on the outcome of a single game or event. A single bet can be a prop bet, a moneyline wager, a wager against the spread, or on an over/under.
Example: A $110 bet on Detroit +1.5 vs. Tampa is a single bet and would net $100. Why the extra $10? Please see "juice" in the glossary.
Parlay - A parlay is wagering on two or more games or events in which each bet must win. If one wager in the parlay loses the entire parlay and the money wagered on the parlay is lost. The more wagers included in a parlay the bigger the payout, but also much harder to win. Check with your bookmaker or gambling site for parlay odds as they can vary.
Example: 3 team parlay (6/1 odds); Detroit +1.5, Atlanta -3, and San Diego -9. Each team must cover the spread, if one loses the entire bet is lost. A $100 bet would win $600. The payout is greater because you are wagering one bet on three wagers to cover. Note most sites and bookies will allow you to place a parlay across sports meaning that not all of the components of the parlay have to come from the same sport.
Teaser - A teaser is very similar to a parlay in that sense that you are wagering one amount on multiple outcomes happening. The big difference is that a teaser gives you points to "tease" the spread up or down. Most books will allow you to tease 6, 6.5, or 7 points in football and 4, 4.5, or 5 in hoops. If one of your teased bets does not hit, you lose the entire teaser. A teaser does not payout nearly as well as a parlay due to the fact that you have manipulated the spread in your favor. Just like a parlay the more teams included in a teaser the larger the payout.
Example: We'll use the same wager from our parlay. 3 team 6 point teaser (9/5 odds); Detroit +7.5, Atlanta +3, and San Diego -9. Notice that now Atlanta is actually receiving points as if they were the underdog in the matchup. Teasers can help to leverage the field in your favor, but they're not as easy as they may seem. $100 wager would net $180.
Buying points - Another wager type that can help to leverage a wager is buying points. You can actually purchase .5 points to either give an underdog another .5 point or to lower the spread for a favorite to make it easier for them to cover. The drawback of point buying is that you have to wager more money, thus risking more in the event of a loss.
Example: Detroit +2 (instead of 1.5) versus Tampa; in this case one would have to wager $120 to win $100, rather than wagering $110 due to the .5 point swing in your favor.
Hopefully you now have a better understanding of the types of wagers that exist. As always the degenerates are here to help if you have any questions.
Single Bet - This is the most basic wager and the one that most are familiar with. A single bet is simply a bet placed on the outcome of a single game or event. A single bet can be a prop bet, a moneyline wager, a wager against the spread, or on an over/under.
Example: A $110 bet on Detroit +1.5 vs. Tampa is a single bet and would net $100. Why the extra $10? Please see "juice" in the glossary.
Parlay - A parlay is wagering on two or more games or events in which each bet must win. If one wager in the parlay loses the entire parlay and the money wagered on the parlay is lost. The more wagers included in a parlay the bigger the payout, but also much harder to win. Check with your bookmaker or gambling site for parlay odds as they can vary.
Example: 3 team parlay (6/1 odds); Detroit +1.5, Atlanta -3, and San Diego -9. Each team must cover the spread, if one loses the entire bet is lost. A $100 bet would win $600. The payout is greater because you are wagering one bet on three wagers to cover. Note most sites and bookies will allow you to place a parlay across sports meaning that not all of the components of the parlay have to come from the same sport.
Teaser - A teaser is very similar to a parlay in that sense that you are wagering one amount on multiple outcomes happening. The big difference is that a teaser gives you points to "tease" the spread up or down. Most books will allow you to tease 6, 6.5, or 7 points in football and 4, 4.5, or 5 in hoops. If one of your teased bets does not hit, you lose the entire teaser. A teaser does not payout nearly as well as a parlay due to the fact that you have manipulated the spread in your favor. Just like a parlay the more teams included in a teaser the larger the payout.
Example: We'll use the same wager from our parlay. 3 team 6 point teaser (9/5 odds); Detroit +7.5, Atlanta +3, and San Diego -9. Notice that now Atlanta is actually receiving points as if they were the underdog in the matchup. Teasers can help to leverage the field in your favor, but they're not as easy as they may seem. $100 wager would net $180.
Buying points - Another wager type that can help to leverage a wager is buying points. You can actually purchase .5 points to either give an underdog another .5 point or to lower the spread for a favorite to make it easier for them to cover. The drawback of point buying is that you have to wager more money, thus risking more in the event of a loss.
Example: Detroit +2 (instead of 1.5) versus Tampa; in this case one would have to wager $120 to win $100, rather than wagering $110 due to the .5 point swing in your favor.
Hopefully you now have a better understanding of the types of wagers that exist. As always the degenerates are here to help if you have any questions.
