Explained
If - Win | Teasers | Parlays | Progressive Parlays | Terminology | Placing Wagers | Confirmation | Special Sports | Reading the Odds
If - Win/If - Action bets Explained
An If-win bet is an excellent choice for money management. A fixed amount is wagered on one team and if that team wins then the original bet amount is carried forward onto a different team (up to a maximum of seven teams).
For example, consider a two team If-win bet for $11 on the Bears and Giants at standard -110 odds.
If the Bears win, you win $10 and your stake is carried forward for another $11 wager on the Giants. If they also win, then you win another $10 for a total of $20 in winnings (and a total return of $31 including the original bet amount of $11). If the Giants lose, then you lose $1 overall, because you win $10 on the Bears but you lose your stake $11 on the Giants.
If the Bears lose, then you lose your original $11 stake and you have no bet on the Giants.
Here is an example of a four team If-win bet:
|
Bears |
Giants |
Rams |
Cowboys |
Overall Return |
Risk |
$11 |
$11 |
$11 |
$11 |
|
To Win |
$10 |
$10 |
$10 |
$10 |
|
|
|
||||
Scenario One |
Win |
Win |
Win |
Win |
|
Result |
+$10 |
+$10 |
+$10 |
+$10 |
$51 |
|
|
||||
Scenario Two |
Win |
Win |
Win |
Lose |
|
Result |
+$10 |
+$10 |
+$10 |
-$11 |
$19 |
|
|
||||
Scenario Three |
Win |
Win |
Lose |
No Bet |
|
Result |
+$10 |
+$10 |
-$11 |
|
$9 |
|
|
||||
Scenario Four |
Win |
Lose |
No Bet |
No Bet |
|
Result |
+$10 |
-$11 |
|
|
-$1 |
|
|
||||
Scenario Five |
Lose |
No Bet |
No Bet |
No Bet |
|
Result |
-$11 |
|
|
|
-$11 |
|
|
||||
Your first wager must win in order for you to have action on the remaining wagers. If the first wager loses, there is no action thereafter. You can place from 2 up to 7 teams in an If-win bet and your selections do not have to be in chronological order. Ideally, your most secure selection should be placed in the first position. You are presented with the opportunity to organize your selections in the desired order whilst making an If-bet.
How is an If-action bet different?
There is a simple difference between an If-win bet and an If-action bet.
In an If-win bet your first wager must win in order for the next wager to have action. If there is a push or a loss on any selection in your If-win bet, then the action stops there.
In an If-action bet a win or a push (tie) will result in action on the next selection. While the push will result in neither a win nor a loss for that particular game, the original bet amount is still available to be carried on to the next wager in your bet.
Back to topTeasers
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 determines 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 a "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.) An example of a teaser wagers is as follows. For our example, let us say you wish to choose three football teams: Denver -7, New York -3 and Chicago +15. The payout of the wager is dependant upon how many points you wish to receive. Let us choose a 3 team 7 point teaser. If we look at the chart below, this wager is listed as 12/10, which means we will win $12 for every $10 that we wager. The point spreads are adjusted as follows
- Denver -7 plus the adjusted seven points = Even
- >New York -3 plus the adjusted seven points = +4
- Chicago +15 plus the adjusted seven points = +22
Therefore, if each and every one of the three teams wins against the adjusted spread, you win $12 for every $10 you wager.
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Parlays:
A parlay is the selection of 2 or more teams (up to 10) in no particular order in a single wager. All teams in the parlay must win, if there is a tie it reverts to the next lowest number for payoff. (Example: If you select 4 teams and one ties, it becomes a three team parlay). Tie and win on two teamer becomes straight bet (90% of wager)
Progressive Parlays - Click Here
True Odds for Baseball and European Lines The odds on a multiple or an accumulator are calculated by multiplying the prices of the selections together, but remembering to include the stake amount. Let's assume you place a double on two selections, with odds of a/b and c/d. The calculation to work out your returns (including your stake) is as follows:
[ (a+b)/b * (c+d)/d ] times your stake
Example:
You place 10 on two selections, with odds of 2/1 and 7/2. The calculation is as follows:
[ (2+1)/1 * (7+2)/2 ] times your stake of 10
= 13.5 times your stake of 10
Your returns are therefore 135.00 (including your stake)
Progressive Parlays
There are very few sportsbooks that offer Progressive Parlays, less than a handful and you will not find these anywhere in Las Vegas. SuperBook invented the Progressive Parlay three years ago and continues to dominate the competition in Payout Value.
How does a Progressive Parlay work? In fact, it's quite simple. In exchange for not getting quite as big a payout for picking a perfect combination, you are getting insurance for those rare occasions when one or more or the teams in your parlay losses.
Let us look at an example. An 8 team progressive parlay for $10 will payout $750 for making a perfect 8 team winning combination. If you are only able to find 7 winners then you win $100. And if you only bring home 6 winners then you will still find a winning ticket for $20.
| All Teams Won | 1 Team Loss | 2 Teams Lose | 3 Teams Lose | |
|---|---|---|---|---|
| 4 Teams | 5/1 | 1/1 | -- | -- |
| 5 Teams | 11/1 | 2/1 | -- | -- |
| 6 Teams | 20/1 | 9/2 | -- | -- |
| 7 Teams | 40/1 | 4/1 | 1/2 | -- |
| 8 Teams | 75/1 | 10/1 | 2/1 | -- |
| 9 Teams | 150/1 | 20/1 | 5/2 | -- |
| 10 Teams | 250/1 | 25/1 | 3/1 | 1/1 |
| 11 Teams | 400/1 | 60/1 | 5/1 | 1/1 |
| 12 Teams | 900/1 | 80/1 | 10/1 | 3/1 |
Take a look at the extraordinary value that SuperBook is offering.
- Place a $10 wager on a 12 team parlay at our competitors and you win $6,000 if you get all 12 right. You lose $10 if you miss just one team.
- Place a $10 wager on a 12 team parlay at SuperBook and not only do you win 50% more, or $9,000, if you get all 12 correct, but you still win $100 even if 2 of your teams lose.
Note: Progressive parlay odds are based on point spread wagering options only. The payout calculations are based on these odds. Progressive parlays are not available for MLB, NHL or money line wagers in football and basketball.
A push or a tie is considered a loss and a No-Actioned bet would revert to the next lowest progressive parlay.
Back to topStraight Bets
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.
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 intial 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 the Miami wins by less than 7 points the wagers is lost.
Totals 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 lays $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 than the player would win $200.00. If the combined score is equal 45 the game is concidered "no action" and the mone y is returned. If the combined score is less than 45 then the wager is lost.
Money Line Wagers 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 to 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 +260. If Miami wins then the player would lay $160.00 to win $100.00. If the player bet on Buffalo then the player would lay $100.00 to win $260.00
Halftime The wager is placed on the odds posted for the second half of a game only. All wagers must go the full second half for action. All halftime wagers are calculated the same as a straight wager unless otherwise indicated. There are no teaser plays or buying of points on halftimes. First half lines are also available.
Parlays This is a selection of 2 or more teams (up to 10 teams) or propositions in no particular order. All teams wagered on in a parlay must win. If there is a tie, it reverts down to the next lowest number for payoff.
Example: 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 then the player would have won at 20-1 odds. If only 1 team loses then the entire parlay loses.
Futures and Propositions 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 plays are wagers 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.
Circled Game: A game where the maximum bet is restricted, usually due to injuries.
Lines: Another word for odds.
Pick: A game where no team or betting option is favorite.
Pointspread: The handicap, or head start, which the favorite gives to the underdog for betting purposes.
Push: A game which, with the pointspread, is tied or when the combined scores of the two teams ties the total.
Single: A bet on a single result or outcome.
Spread: An abbreviated form of pointspread.
Back to topPlacing Wagers
There are different ways to place wagers within the different sports, both individually and geographically. North American betting is differerent from wagering on European sports while betting on a hockey game is different from betting on a basketball game. Here is a basic outline for betting on all sports types:
First choose the sport you wish to bet on. Click on the pull-down menu that contains the words "Select A Bet Type" to choose which kind of wager you want to place. Then select how much you wish to wager by entering it into the wager box beside the pull-down menu. Now scroll through the available games and choose which team or teams you wish to bet on. To choose a team click on the small box beside the line and you will have chosen that team. If you are making a combination bet, known as a parlay or teaser, you must choose as many teams as is necessary to complete the multiple team wager. This is determined by the type of bet you choose.
After you are sure of your selection, go to the top and click on the "Place Bet" button. This will now place your wager on the right side of the screen, which is your betting ticket. If you try to place a wager and a red bar comes up on your betting ticket you have made a mistake in selecting your bet. Read the message in the red bar and it will inform you of the error and give you appropriate instructions to correct the mistake.
Before you submit your betting ticket please make sure to reload or refresh your page so you can see the most current lines. The lines can change often and quickly, so make sure the lines are where you want them before you submit your betting ticket. If you find that one or more of the wagers on your betting ticket is not what you want, simply click the "Cancel" or "Cancel All" button and the wagers will be dropped from your betting ticket. Once completely satisfied with the wager you have made, go to the bottom of the betting ticket and type the word "Yes" in the confirmation box and then click on the "Submit" button. Your wager will now be submitted. A confimation notice will appear and you can view your wagers in the "Pending Wagers" section.
Back to topConfirming Wagers
After Placing a Wager, the bet will appear in the window on the right hand side of the screen. At this point, your bet has Not completed nor accepted. You must go to the bottom of the betting ticket and type the word "Yes" in the confirmation box and then click on the "Submit" button. Your wager will now be submitted. A confimation notice will appear and you can view your wagers in the "Pending Wagers" section.
You will see your bet confirmation number listed in the red area at the top of the confirmation screen. If you do not get a bet confirmation number, then your bet has not been accepted. We suggest that you check your pending wagers screen once you have completed placing all your wagers. If your bet is not listed in the pending wagers screen, then you were not successful in placing that wager and you must try again.
Back to topSpecial Sports
Baseball
Wagering on baseball is done by laying or taking money odds.
The minus (-) indicates the favorite
The plus (+) indicates the underdog
On money odds whenever there is a minus (-) you lay that amount to win adollar, where there is a plus (+)you get that amount for every dollarwagered
Example:
Dodgers: +1.50
Phillies: -1.60
Boxing
Wagering is similar to baseball
In the event of a draw, moneys on the fight itself will be refunded. However, specific fight propositions must come as stated, such as a draw, either fighter by knockout or decision or a specific round knockout etc. Rounds propositions will be governed by the rules posted on our wagering sheets or as stated at the time of the wager. In the event that either fighter does not make the required weight but the bout goes on, the following stipulations apply: When the bell sounds for the first round, the bout will be considered official, regardless of the scheduled length or title. The bout must have the original scheduled length to have action on a rounds proposition.
Hockey
Wagering on hockey is done by laying or taking goals and money odds.
The minus (-) indicates the favorite
The plus (+) indicates the underdog
Example:
Bruins: + 1/2
Even Kings: - 1/2 -1.40
Player would lay 1/2 goal and $140 to win $100 on the Kings. Player would wager $100 and take 1/2 goal to win $100 on the Bruins.
Reading the Odds
European Odds
All European football lines are quoted using European odds. European odds are different from the North American
style of odds. In North America money lines are used to determine the line. European odds are very simple to understand. Let's say the team you want to bet is on offer at 4.00.
That means that for every $1 you bet on them, you get back $4 if they win. That means you have a profit of $3 plus your $1 stake returned. If you lose, you lose your $1.
If the team is at 1.60, you only make $0.60 profit on your $1 stake and you get your $1 stake back.
Some bettors are used to the American system of betting. This is where odds are expressed as -180 or +300. If you place a bet at -180, it means that you need to bet $180 to win $100. That is the same as 1.55 in European betting. And a bet at +300 means that you win $300 for every $100 you bet - the same as 4.00 in European odds.
Combination Bets (parlays)
A Combination bet involves several different propositions. The customer must correctly choose all the propositions to win. The customer can combine a minimum of 2 propositions and a maximum of 12.
Calculating combination odds using european odds is very simple. You simply take the price of each event that
you wagered on and multiply them together.
For example, let's say you wish to wager on Arsenal at 2.5, Manchester at 1.7 and Liverpool at 2.1. A combination
bet of all three teams would pay 2.5 x 1.7 x 2.1 = 8.93. If you wager amount is $100 then the payoff would be
$100 x 8.93 = $893 (this includes your originial stake, so your winnings are 893 -100 = 793)