ONLINE WAGER TYPES

Straights

This most common type of sports wager is based on the results of a single game. One team is typically favored over another by a point spread / handicap or a money line. With the Pointspread or Handicap, the favorite gives the underdog a number of points as a head start. The favorite is always indicated by a minus sign (-7) and the underdog by a plus sign (+7). The number of points a player must give or take is estimated to be the number that will generate equal wagering on both the underdog and the favorite.

For betting purposes, the result of the game is determined by taking the actual score and subtracting points from the favorite's score, or adding points to the underdog's score. So, a favorite can win the game, but lose it for betting purposes, and an underdog can lose the game, but win it for betting purposes.

In most straight bets, which are set by a point spread, the player must lay $11 for every $10 he/she wishes to win.

For example, the Oakland Raiders may be favored by 7 points over the Denver Broncos. A player who wishes to win $10 on Oakland must give Denver 7 points. If Oakland wins by more than 7 points than the Oakland player wins $10. If Oakland wins by less than 7 points, or loses outright, then the Oakland player loses $11. On the other side of the wager, in order for a Denver player to win, The Denver Broncos must win the game outright, or lose by less than 7 points.

Parlay

A parlay wager is a bet on two up to 8 teams or selections. It is one of the more versatile forms of sports wagering. The player can combine different sports, point spreads and money lines. In a parlay wager the original stake and winnings are re-invested on the next game, and all selections must be correct, that is, one loss and the parlay loses.

In the event of a push (tie), game cancellation, or a pitcher who you have specified as not starting, actually starts, the parlay reduces to the next lower number, e.g. a four team parlay becomes a three team parlay. A winning parlay wager will pay many times greater than the initial wager.

No parlay wagers will be accepted where propositions, quarters or different periods of the same game are connected. The parts of a parlay wager are deemed to be connected, for example, if one leg of a parlay is for Sampras to defeat Henman in the 4th round of Wimbledon, and the second, or additional, part of the parlay is for Sampras to win the Wimbledon title. The match forms part of the overall tournament and is, therefore, connected.

In the same way, you cannot parlay the over of the first half of a football game with the over of the total game, because the two are connected.

Football and basketball point spread parlay odds are as follows:

Football and basketball Parlays are MAXED at the following odds:

Baseball, Soccer and other sports parlays are determined using a different set formula. Because of the money line used in those sports, there are no set payoffs for tying a number of teams together in parlays.
Payoffs are determined by a simple formula that changes the money line into a decimal number and combines it with the other lines in the parlay. The first step is to change the money line into its decimal value. Use the following chart to convert a money line into its' appropriate decimal value:

Follow these simple steps to calculate baseball parlay payoffs:

Step 1: Select the number of teams you want to tie together in a parlay wager.

Step 2: For each price or odds quote on your teams look at their respective payoffs listed in the decimal conversion chart on the last page.

Step 3: Note the decimal conversion payoffs for all teams selected.

Step 4: Add $1.00 to each of these payoffs.

Step 5: Multiply your wager ($) times (x) the products of the payoffs to calculate your potential parlay return.

For example, Let us say you select two teams, the New York Yankees and the Montreal Expos, for your baseball parlay. And let us say that at this particular time of the season the Yankees are listed to payoff at (-1.60) and the Expos at(-1.40). The conversion chart shows that the payoff for the Yankees would be (0.62) and the Expos (0.71). You decide to wager $50.00. The formula to calculate your payoff would be:

50 x 1.62 x 1.71 = 138.51

or, in other words, $50.00 (your parlay wager) times Yankees payoff of $1.62 (0.62 + $1.00) times Expos payoff of $1.71 (0.71 + $1.00) = $138.51

The payoff would naturally include your original parlay wager of $50.00

Teaser

A teaser is like a parlay, but you can adjust the point spread in your favour to increase your chances of winning. Additional points are either added to the underdog or subtracted from the favourite when betting a teaser.

The odds change according to the number of points the spread is moved in your favour and the number of teams combined to form the teaser. The more games you select in your teaser, the higher the odds increase and the bigger the potential win if all of your selections are correct.

For example, Miami might be favoured by 10 points in one game and Dallas might be a 5 point underdog in a second game. A 6 point teaser on the favourite would adjust the Miami point spread 6 points in your favour so that Miami would now be favoured by 4 points (10-6=4). In the case of the underdog, a 6 point teaser would increase the Dallas point spread 6 points in favour of Dallas so that they would receive 11 points (5+6=11).

As in a parlay or accumulator, all selections must be correct for your bet to win.

For the terms and conditions on teasers at PlatinumSB including details of the payout tables for winning teasers, please go to the rules section of this Web site.

Futures / Props

Money Lines

A money line wager, instead of a point spread, may be used to bet on a match-up between two teams. In effect, if a match-up is determined by a money line, like Major League Baseball, then it will cost the player more to wager on the favorite.

For example, the New York Yankees may be a (-150) favorite over the Washington Nationals. In this example, the player must lay $150 in order to win $100. That is, if the Yankees win, the player pockets $100. If the Yankees lose, the player loses $150. On the other hand, the player could have bet on the underdog, Washington, in which case the player would lay $100 in order to win $140 (10 cent line). If Washington loses, the player only loses $100, but if Washington wins, the player would win $140

Totals

If Win Bets

An If Win wager is a bet that carries over to a second team if the player wins on his initial selection. It is a conditional bet. For example, the player has to wager a fixed amount on Team A. If that team wins, or the game is tied, then another fixed amount, up to the original amount wagered, shall be placed on Team B.
The player must win his/her first wager in order to continue the action on the remaining wagers. If the first wager loses, there is no subsequent action. Note that the player cannot have duplicate teams in the same if - win wager.

Example One: Broncos IF Seahawks
Place a wager on Denver Broncos to win with spread of (-7 -110) for $100. You risk $110 to win $100.

If Broncos win, a wager (up to the original amount) is placed on Seattle Seahawks to win with spread of (-3 -110). You risk $110 to win $100.

If Seattle also wins, you would collect $200 on a stake of $110. Its 2 straight bets, you win $100 each for a total of $200.

Example Two: Broncos IF Seahawks
Place a wager on Denver Broncos to win with spread of (-7 -110) for $100. You risk $110 to win $100.

If Broncos win, a wager (up to the original amount) is placed on Seattle Seahawks to win with spread of (-3 -110). You risk $110 to win $100.

If the Broncos win, you win $100. But, if Seattle loses, you lose $-110. So you win $100 on the Broncos but then lose $110 on Seattle, add those numbers together. Total loss for the play $10.

Example Three:
Place a wager on Denver Broncos to win with spread of (-7 -110) for $100. You risk $110 to win $100.

If Broncos lose, you lose the $110 and do not get action on Seattle. You then lose $110.00 on the play.

**There are two types of IF Bets, Maurice. If- Win only, means you will only get action on Team B if Team A wins. If Win Action means that you will get action on Team B if Team A wins, pushes, or cancels (that often happens in baseball)**

Reverses

A reverse wager is the same as two if - win wagers. This means that if wager A wins, the bet goes to wager B. Then it flips it around: if wager B wins, the bet goes to wager A. On the other hand, if wager A loses, the bet does not go to wager B. And again, if wager B loses, the bet does not go to wager A. If wager A wins, the bet goes to wager B, but if wager B loses, the bet does not go to wager A.

All standard reverse bets are double action, therefore, in the event of a tie, the bet is still active. Let us look at each of the following examples for $100 wagers with a line of -110:

In example one, with a stake of $220.00, the player would win $400.

In example two, with a stake of $220.00, the player would lose $120.

In example three, with a stake of $220.00, the player would lose $220.

Asian Handicaps

An Asian Handicap is a bet on the outcome of a football match. In addition to a moneyline price for the bet selected, there are one or two handicaps or point spreads for the selection.

If there is a single handicap, the entire bet is resulted after the score is adjusted by the handicap. For example, consider the following bet offer;

* Mexico +1.5 goals -108
* Portugal -1.5 goals +100

The Asian handicap for this game is Portugal -1.5 goals. If Portugal wins by at least 2 goals, bets on Portugal win. If Mexico wins, draws the match, or loses by exactly one goal, for betting purposes the bet on Mexico wins. Some handicaps will be whole numbers (i.e. 0 goals, +1 goal, +2 goals). If a bet ends in a tie after adjusting for the handicap, bets ‘push’ and the stake is refunded.

In some cases, there will be two handicaps listed for a game. For example;

* Chelsea 0 and -0.5 +112
* Manchester United 0 and +0.5 -122

When two handicaps are listed, half of your bet is placed on each of the handicaps. If you selected Manchester United and placed a bet of $122 to win $100, your actual bets would be $61 at 0, and $61 at +0.5 goals. If the game ended in a tie, you would receive a refund on your $61 bet on 0 goals and win $50 on your bet on Manchester United +0.5 goals. If Manchester United won the game, you would win both sides of your bet and receive $100. If Manchester United lost the game, you would lose your bet of $122.

Totals can also have two handicaps, and work similar to Asian handicaps. For example, if a player bet Under 2.5 and 3 -108, half his bet would be under 2.5, and half would be under 3. Just like the Asian handicap on the team to win the game, a player could win or lose half of their bet depending on the selection they make.