Kentucky Derby 2011

Pointspread

The pointspread – also called “the line” – is used as a margin to handicap the favorite team. The oddsmaker – also called the handicapper – “gives” points (or goals) to the underdog for betting purposes only. The bettor must take either the favorite or the underdog.

The favorite is always indicated by a minus sign (e.g. -5.5) and the underdog by a plus sign (e.g.+5.5). For betting purposes, the outcome of the game is determined by taking the actual game score and finding the difference between the scores of the two teams playing (called the pointspread or just the “spread”).

If the “line” is put in at a half point (e.g. -5.5 for the favorite Orlando) by the oddsmaker then there can be no “push.” In this case, there is “action” at any final game score pointspread. In a pointspread, you must wager $110 to win $100 ($210 is returned to the winner). 10/11 is the standard for pointspread bets on most sports.

A straight bet is a bet on the outcome of a single event or game that, for betting purposes only, is determined by a Pointspread, a Moneyline or a Game Total.

The team or event wagered on must win by the posted odds. A single bet may be a play on the side to win, the total, or even a proposition or future bet. All single bets must lay 110 to win 100 unless otherwise noted at the time of the wager. Games that end in a tie are no action or push, and the money is refunded. The odds may fluctuate at anytime as they move with the monies wagered. But the money you bet on a team or event at a specified pointspread or game total is the total you receive for your bet.

For example:
If the money line is -135 then you would wager $135 to win your $100 bet. If the money line is a positive number then you will wager $100 to win the money line. Likewise, if the money line is +125 then you would wager $100 to win $125.

The Over/Under, sometimes called the “Total”, quite simply is the combined scores of both teams competing in the game being wagered on. You can bet whether the game will go over or under this figure. A bet on a matchup between two teams may be set by a money line instead of a pointspread. If a matchup is determined by a money line, like American baseball, then it will cost the customer more to wager on the favorite.

Example:
The Atlanta Braves may be favored over the Chicago Cubs by 150. In this example, the customer must lay $150 in order to win $100 if Atlanta wins the game, no pointspreads are involved. If Atlanta loses, the customer loses $150. However, the customer could bet on Chicago, in which case the customer would lay $100 in order to win $140 (10 cent line). If Chicago loses, the customer only loses $100, because Chicago is the underdog.

This bet applies to Football, Basketball, Ice Hockey and Baseball. A parlay bet is when you bet on two or more teams in the same wager in any order. All teams bet on must win in order for you to win.¬†Also, their is no “juice” or commision on this style of bet.

Your wager may combine different sports along with different styles of bets (i.e. over/under, pointspread, etc.) In the parlay style bet your original winnings are invested back into the next game. If one of your games is cancelled or ties the parlay drops to the next lowest number.

This bet applies to Football, Basketball, Ice Hockey and Baseball. A teaser is a selection of two or more teams in one wager in which either the pointspread and/or total is adjusted in the bettor’s favor. Each sport has its own range of points for teaser selections. An adjustment to the favorite team will decrease the disadvantage. An adjustment to the underdog will increase the advantage. The adjustment makes pointspreads less for the favorite and more for the underdog, depending on the selections you make. If you select a total, the adjustment makes totals higher-to-go-under or lower-to-go-over.

Examples:
Denver Broncos (-3) teased by 6 points: Denver is +3 with the Tease.
Buffalo Bills (+9) teased by 5.5 points: Buffalo is +14.5 with the Tease.
Seattle Seahawks and NY Giants (31 pts.) teased by 5 points: 26 pts. for the over Total