Sports Betting Rules and Odds
Basketball
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BASKETBALL TEASERS |
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4 pts |
4.5 pts |
5 pts |
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| 2 Team |
-110 |
-120 |
-130 |
| 3 Team |
+180 |
+160 |
+140 |
| 4 Team |
+300 |
+250 |
+200 |
| 5 Team |
+450 |
+400 |
+350 |
| 6 Team |
+600 |
+550 |
+500 |
| 7 Team |
+800 |
+700 |
+600 |
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PARLAY ODDS
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| 2 Teams |
13/5 |
| 3 Teams |
6/1 |
| 4 Teams |
10/1 |
| 5 Teams |
20/1 |
| 6 Teams |
35/1 |
| 7 Teams |
70/1 |
| 8 Teams |
140/1 |
| 9 Teams |
275/1 |
| 10 Teams |
600/1 |
Note: Maximum parlay
payout is $ 150,000 |
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| BUYING POINTS |
| 1/2 points |
Lay |
-120 |
| 1 point |
Lay |
-130 |
| 1-1/2 points |
Lay |
-140 |
| 2 points |
Lay |
-150 |
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Straight Wager
This wager is made when you choose a team and the point spread. The cost of the wager is 10/11 or $110 to win $100.
| Example: |
| Toronto Raptors +6 |
| Chicago Bulls -6 |
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If the straight wager is on the Bulls -6 then the Bulls must win by 6 or more points for the wager to win.
If the straight wager is on the Raptors +6 then the Raptors cannot lose by more than 6 points for the wager to win.
If the game lands on 6 pts. then the game is a “push” and will result in “no action”
Totals Over/Under
This is a wager on the combined scores (total) of a game.That being over or under the posted line. The cost of the wager is 10/11.
| Example: |
| Dallas Mavericks |
| Indiana Pacers TOTAL IS 178 |
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If you place a wager for UNDER 178, the combined total score of both teams must fall UNDER 178 pts.
If you place a wager for OVER 178, the combined total score of both teams must go OVER 178 pts.
If the combined total score falls on 178 pts. the wager is a "PUSH" and there is "NO ACTION".
Money Line
With this type of wager you wager which team is going to win. Disregarding the point spread.
| Example: |
| Orlando Magic -280 |
| Houston Rockets +240 |
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If you wager on Orlando -280 you lay $280 to win $100.
If you wager on Houston +240 you lay $100 to win $240.
Parlays
This play is a selection of teams in no particular order, in one play. All teams must win by the pointspread margin. The more amount of teams, the greater the payoff.
| Example: |
| 2 team parlay for $100 |
| Portland Trail Blazers +4 |
| San Antonio Spurs -10 |
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The payout in a 2 team parlay is 13/5 this means you are risking $100 to win $260. In case of a tie or no action the parlay will revert to the lower level payoff, except in a 2 team parlay where a tie reverts to a straight bet.
Teasers
This is a wager in which 2 to 7 teams are selected together in one wager with an adjusted point spread. In a teaser you can add points to the sides or mix both sides and totals adding or subtracting to the totals. If one selection loses the teaser is considered a loss.
Exception: In a two team teaser if one selection ties it doesn’t matter what happens with the other selection the wager is a push and the money is refunded into your account.
| Example: |
| 2 team teaser 5pts for $100 |
| Lakers +4+5 pts = the teased line is now +9 |
| Knicks -3+5 pts = the teased line is now +2 |
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The payout in a 2 team teaser for 5 pts. is 10/11 In this case you will lay $110 to win $100.
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