The Basics of Wagering 101

2. This game will be referred to as game "200/201" with Edmonton being team #200 and the Detroit being team #201.

3. The number to the right of the team is the odds/money for that team, with the number always being listed beside the favorite. In our above example, the Red Wings are the favorite, and a player wishing to wager the Wings must risk $2.40 for every $1.00 they wish to win.

4. In this example, a player betting Edmonton would receive $2.00 back for every $1.00 wagered.

5. The home team is always listed on the bottom unless a neutral site is noted. In our above example, Detroit is the home team.

6. If a player decides to bet on Detroit they would go to the window and declare "I would like $24 to win $10 on team #201, Detroit for the win".

7. If a player decides to bet on Edmonton they would go to the window and declare "I would like $10 to win $20 on team #200, Edmonton for the win".

8. If Detroit wins, all those who bet on the Red Wings would win $10.00 for every $24.00 they bet, thus collecting $34.00 for every $24.00 wagered.

9. If Edmonton wins, all those who bet on Edmonton would win $20.00 for every $10.00 they bet, thus collecting $30.00 for every $10.00 wagered.

10. If the game ends in a tie, the game is a "push" and all bets are refunded.

11. The money line is standard for all sports in principle, although the "comeback" will ary from sport to sport and line to line. For example, a football money line may read

Baltimore +300
Denver -400

*Note the difference between the favorite and underdog of a full dollar.

Wager an NBA/CBK pointspread
How to place a basketball wager - point spread
Making a bet at a sports book is an easy process and ticket writers are more than willing to assist you. For the convenience of both the house and player, the best way to make a wager is to use the numbers assigned to each team by the official Nevada Sports Schedule. For the purposes of this discussion and for a point of reference, let's assume you wish to place a bet on the following game, appearing on the tote board as followed;

17 New York
18 LA Lakers -6

Difficulty Level: Easy Time Required: 2 minutes

2. This game will be referred to as game "17/18" with New York being team #17 and the Lakers being team #18.

3. The number to the right of the team is the odds/point spread for that team, with the number always being listed beside the favorite. In our above example, the Lakers are a -6 point favorite over the New York Knicks.

4. The home team is always listed on the bottom unless a neutral site is noted. In our above example, the Lakers are the home team.

5. If a player decides to bet on Los Angeles they would go to the window and declare "I would like $11 to win $10 on team #18, Lakers less the six".

6. If a player decides to bet on New York they can go to the window and declare "I would like $11 to win $10 on team #17, Knicks plus six"..

7. If LA wins by 7 or more, all those who bet on the Lakers would win $10.00 for every $11.00 they bet, thus collecting $21.00 for every $11.00 wagered.

8. If LA wins by 5 or less, or if New York wins, all those who bet on New York would win $10.00 for every $11.00 they bet, thus collecting $21.00 for every $11.00 wagered.

9. If the game is settled with the Lakers winning by 6 points exactly, the game is a "push" and all bets are returned.

Difficulty Level: Easy Time Required: 5 minutes

2. Make a 10 by 10 grid on the paper, so you have a square block of 100 cells.

3. Write the name of the visiting team across the top of your grid and the home team along the side of your grid.

4. Assign a dollar value to each cells which is suited to the tastes of your guests. (hint: do not price yourself out - you'll want to sell all 100 squares.)

5. Sell all 100 squares.

6. Once you've sold all 100 squares to your guests, count up the total prize pool, (purse) and assign the following prizes; 15% of total purse for correct 1st quarter score, 25% of total purse for correct 1/2 time score, 20% of total purse for correct 3rd quarter score, 40% of total purse for correct final score.

7. From your deck of cards, set aside one set of numbers ace (1) through 10.

8. Shuffle your ten cards and then flip them over in order, recording the numeric value along the top of your grid, with ace having a value of 1 and 10 having a value of 0. Repeat this procedure along the side of your grid as well.

9. Your 10 by 10 grid should now have a number representing each column along the top and each row along the side and should have one of your guests names accompanying each of the 100 cells contained in the grid.

10. Record the official score at the end of the 1st quarter, the half, the third quarter and the final score.

11. Cross reference the last number in each teams score as it relates on your grid to determine which of your guests wins each quarter pot.

Tips:

* Keep the emphasis on fun and involvement of all your guests. It is more important to get as many of your guests involved and to sell out all the squares than it is to generate a large purse.

17 New York
18 LA Lakers -6

Difficulty Level: Easy Time Required: 2 minutes

2. This game will be referred to as game "17/18" with New York being team #17 and the Lakers being team #18.

3. The number to the right of the team is the odds/point spread for that team, with the number always being listed beside the favorite. In our above example, the Lakers are a -6 point favorite over the New York Knicks.

4. The home team is always listed on the bottom unless a neutral site is noted. In our above example, the Lakers are the home team.

5. If a player decides to bet on Los Angeles they would go to the window and declare "I would like $11 to win $10 on team #18, Lakers less the six".

6. If a player decides to bet on New York they can go to the window and declare "I would like $11 to win $10 on team #17, Knicks plus six"..

7. If LA wins by 7 or more, all those who bet on the Lakers would win $10.00 for every $11.00 they bet, thus collecting $21.00 for every $11.00 wagered.

8. If LA wins by 5 or less, or if New York wins, all those who bet on New York would win $10.00 for every $11.00 they bet, thus collecting $21.00 for every $11.00 wagered.

9. If the game is settled with the Lakers winning by 6 points exactly, the game is a "push" and all bets are returned.

Difficulty Level: Easy Time Required: 5 minutes

2. Make a 10 by 10 grid on the paper, so you have a square block of 100 cells.

3. Write the name of the visiting team across the top of your grid and the home team along the side of your grid.

4. Assign a dollar value to each cells which is suited to the tastes of your guests.

5. Sell all 100 squares.

6. Once you've sold all 100 squares to your guests, count up the total prize pool, (purse) and assign the following prizes; 15% of total purse for correct 1st quarter score, 25% of total purse for correct 1/2 time score, 20% of total purse for correct 3rd quarter score, 40% of total purse for correct final score.

7. From your deck of cards, set aside one set of numbers ace (1) through 10.

8. Shuffle your ten cards and then flip them over in order, recording the numeric value along the top of your grid, with ace having a value of 1 and 10 having a value of 0. Repeat this procedure along the side of your grid as well.

9. Your 10 by 10 grid should now have a number representing each column along the top and each row along the side and should have one of your guests names accompanying each of the 100 cells contained in the grid.

10. Record the official score at the end of the 1st quarter, the half, the third quarter and the final score.

11. Cross reference the last number in each teams score as it relates on your grid to determine which of your guests wins each quarter pot.

Tips:

* Keep the emphasis on fun and involvement of all your guests. It is more important to get as many of your guests involved and to sell out all the squares than it is to generate a large purse.

Difficulty Level: Easy Time Required: 5 minutes

2. Make a 10 by 10 grid on the paper, so you have a square block of 100 cells.

3. Write the name of the visiting team across the top of your grid and the home team along the side of your grid.

4. Assign a dollar value to each cells which is suited to the tastes of your guests. (hint: do not price yourself out - you'll want to sell all 100 squares.)

5. Sell all 100 squares.

6. Once you've sold all 100 squares to your guests, count up the total prize pool, (purse) and assign the following prizes; 15% of total purse for correct 1st quarter score, 25% of total purse for correct 1/2 time score, 20% of total purse for correct 3rd quarter score, 40% of total purse for correct final score.

7. From your deck of cards, set aside one set of numbers ace (1) through 10.

8. Shuffle your ten cards and then flip them over in order, recording the numeric value along the top of your grid, with ace having a value of 1 and 10 having a value of 0. Repeat this procedure along the side of your grid as well.

9. Your 10 by 10 grid should now have a number representing each column along the top and each row along the side and should have one of your guests names accompanying each of the 100 cells contained in the grid.

10. Record the official score at the end of the 1st quarter, the half, the third quarter and the final score.

11. Cross reference the last number in each teams score as it relates on your grid to determine which of your guests wins each quarter pot.

Tips:

* Keep the emphasis on fun and involvement of all your guests. It is more important to get as many of your guests involved and to sell out all the squares than it is to generate a large purse.

20 Baltimore (Erickson)
21 NY Yankees (Cone) -1.5, -120
Difficulty Level: Intermediate Time Required: 2 minutes

2. This game will be referred to as game "20/21" with Baltimore being team #20 and the New York being team #21.

3. The number to the right of the team is the run & money for that team, with the number always being listed beside the favorite. In our above example, the Yankees are the favorite, giving the 1 and 1/2 runs, plus a player betting New York must risk $1.20 for every $1.10 he wishes to win on a dime line.

4. Using the dime line in this example, a player betting Baltimore would receive the 1 and 1/2 runs and $1.10 return on every $1.00 wagered.

5. The home team is always listed on the bottom unless a neutral site is noted. In our above example, New York is the home team.

6. Unique to baseball, pitchers are also listed, (referred to as "the arms"). When betting the arms, should a listed pitcher not start the game - all bets are off and wagers are refunded.

7. If a player decides to bet on New York they would go to the window and declare "I would like $12 to win $11 on team #21, Yankees with Cone less the run and a half".

8. If a player decides to bet on Baltimore they would go to the window and declare "I would like $11 to win $12 on team #20, Orioles with Erickson plus the runs".

9. If New York wins by 2 runs or more, all those who bet on the Yankees would win $11.00 for every $12.00 they bet, thus collecting $23.00 for every $12.00 wagered.

10. If New York wins by 1 run or if Baltimore wins, all those who bet on Baltimore would win $11.00 for every $10.00 they bet, thus collecting $21.00 for every $10.00 wagered.

POINT SPREAD BET

This is a single wager made on either the favorite or underdog team. A wager on the favored team means that this team must not only win but win by the specified point spread. A wager on the underdog means that this team may either win or lose as long as they do not lose by the specified point spread.

Rules

• A "-" or the term "by" indicates the favored team, the associated points must be subtracted from this teams final score.
• A "+" or no text next to the team indicates the underdog team, the associated points must be added to this teams final score.
• Including the point spread, if the wager results in a tie (push) then the wagered amount is refunded.
• The point spread is subject to change at any time.
• Once a wager is confirmed at a given point spread, that is the point spread for that wager regardless of subsequent changes.
• The odds on all point spread wagers are 10/11 ($110 wagered to win $100) unless specified otherwise.

      Example
Let's assume you wish to place a bet on the Denver Broncos NFL football team. You like Denver in their game against the Green Bay Packers and think that they can win the game and you’ve got $100 to bet with. The line on the contest would appears as follows:

GREEN BAY by 5

Denver 46

The point spread is shown as "by 5" meaning that Green Bay is favored and expected to win by 5 point or more. The number 46 refers to the Total Score (Over/Under) and is a separate wager. After placing your $100 wager (SEE: POINT SPREAD SIMPLE BET for details on how to place this wager) the game ends with the following results:

GREEN BAY 31

Denver 28 FINAL SCORE

Even though Denver lost the game you would have won the bet, winning $190.90 ($90.90 won + $100 bet). By adding the 5 points to the Bronco's final score, the final betting score becomes:

GREEN BAY 31

Denver (28 +5 =) 33 FINAL SCORE w/ POINT SPREAD

TOTAL SCORE (OVER/UNDER)

A total score wager (also known as an Over/Under wager) is a single wager on the total number of points that will be scored by both teams combined at the end of the contest. Rather than wagering on whether one team is going to win or lose you are betting on the total number of points scored by both teams combined.

Rules

• To win an OVER wager, the total points scored by both teams combined (sum) must exceed the posted number
• To win an UNDER wager, the total points scored by both teams combined (sum) must be less than the posted number
• If the Total Score is the same as the number for the (a tie/push) then the wagered amount is refunded.
• The Total Score (Over/Under) number is subject to change at any time.
• Once a wager is confirmed at a given Total Score number, that is the number for that wager regardless of subsequent changes.
• The odds on all Total Score wagers are 10/11 ($110 wagered to win $100), unless otherwise specified.

      Example
Let's assume you are really interested in the Green Bay Packers versus the Denver Broncos game. You really like both teams and aren’t sure who is going to win but you know that both teams have a strong tendency to score a lot of points with their potent offenses. The perfect wager in this case is to wager that the total score of the contest is going to go OVER the posted total score number. Checking the lines posted on the contest you see the following:

GREEN BAY by 5

Denver 46

The 46 number across from Denver represents the Total Score line (Over/Under) on this contest. The number represents the expected total number of points to be scored by both teams combined at the end of the contest. You know that both teams are going to score a lot of points, therefore, the obvious choice is to wager that the combined score will go OVER 46 points (SEE: TOTAL SCORE (OVER/UNDER WAGER). After placing your wager the game is played with the following results:

GREEN BAY 31

Denver 26 FINAL SCORE

TOTAL SCORE 57 (11 points OVER 46)

By combining both scores you end up with 57 total points scored. The Total Score number was 46 points, meaning you won the bet easily by a 11 point margin!!

MONEY LINE WAGER

This wager is simply a straight wager on which team will win the contest outright. However, the pay off odds for each team vary depending on which team is favored to win.

Rules

• Pay off odds determine which team is favored, usually the favored team will have a "-" (minus) sign next to the odds.
• No sign, or a "+" (plus) placed before the line, would mean that the team is the underdog.
• On a double negative match-up, the highest of the negative lines id the favorite of the game.
• All lines are based on a $1.00 value. Meaning, for all negative lines, the price (on this decimal value) of the money line is what the customer wagers to win one dollar. For example: on a line of -170, the customer has to wager $1.70 to win $1.00. 
• On a positive money line, the price (it's decimal value) of the money line is what the customer wins risking one dollar. On a line of +130, the customer would lay $1.00 for every $1.30 he/she wants to win. 
• There are no set pay off odds, each team in a contest has different pay off odds for winning
• Including the point spread, if the wager results in a tie (push) then the wagered amount is refunded.
• The pay off odds are on either team are subject to change at any time.
• Once a wager is confirmed at the given odds, those are the odds for that wager regardless of subsequent changes.

      Example
Let's assume you are really interested in wagering $100 on the Green Bay Packers in their game against the Denver Broncos. You really like Green Bay to win but your not sure if they can beat Denver by 5 points. A money line bet will let you bet the Packers without taking a chance with beating the point spread. Checking the lines posted on the contest you see the following:

                       Contest                  Point Spread            Money Line            Total Score (Over/Under)

GREEN BAY              by 4                        -170                          46

Denver                                                       +150                          46

Green Bay is the favored team here as noted by the "-170" under the money line bet. Selecting Green Bay to win on a money line wager for $100 will result in winning $158.82 (or odds of $170 wagered for each $100 won). For illustration purposes, on the opposite side, the underdog team Denver has 150 listed beside it, and translates into winning $250 for each $100 wagered on Denver to win the contest.

PARLAYS

A parlay is a multi-proposition bet, stringing together multiple point spread bets, total score bets, money line bets, or any combination of the those in order to increase the pay off odds.

Rules

Ø       All wagers included in parlay must win for the parlay to win and pay off

Ø       A tie or push of any of the contests included in the parlay removes that wager from the parlay, leaving only remaining games in parlay (3 wager parlay becomes 2 wager parlay or 2 wager parlay become straight bet).  This also applies to a canceled or postponed contest. Note that when a two-team parlay becomes a straight bet, the original amount of the parlay is risked on the straight bet. The payout of the wager is calculated with the odds of the remaining team.

Ø       Parlaying wagers from different sports is allowed (when technically possible)

Ø       Pay off odds increase as number of wagers parlayed increase (SEE: PARLAY ODDS TABLE)

Ø       Minimum of 2 wagers, maximum of 10

Ø       Circled contests may not be included in a parlay

Ø       Up to one point may be bought on a two and a three-team parlay only.

Ø       Limits cannot be exceeded by betting the same parlay multiple times (we reserve the right to void all bets if this is found to be the case)

Example
Let's say you’ve got $100 to wager with and want to bet on the Nebraska Cornhuskers of college football, the Dallas Cowboys of the NFL, and the Over on the Green Bay Packers game in the NFL.  After doing your homework, you are very confident that all these wagers are winners.  To take advantage of this situation and maximize your profitability you would want to parlay all three wagers together.  By doing this you increase you potential winnings from $90.90 to $600 on the same $100 wagered. Now, let’s illustrate the difference in wagering your $100 on each individual contest and the same $100 on parlaying all 3 games together.  Selecting the appropriate contests the contest would appears as follows:

            Individual Bets

            NEBRASKA     by 13                                          

            Colorado                       Bet: $33.33       Win: $63.63                                          

            Washington       by 6                                         

            DALLAS                         Bet: $33.33       Win: $63.63                  

            GREEN BAY    by 6                                            

            Detroit                                      Bet: $33.33       Win: $63.63                  

            TOTALS:           Bet: $100.00          Win: $190.90

            Parlayed Bets

            NEBRASKA   by 13   (Parlay) Washington    by 6    (Parlay) GREEN BAY    by 6       

            Colorado                                       DALLAS          45             Detroit                42        Bet: $100     Win: $700.00

            TOTALS:           Bet: $100.00          Win: $700

As seen above, a parlay significantly increases your pay off odds over those paid on straight bets.  The trade off is that each wager must be won individually in order for the parlay to win and pay off.

BASEBALL/HOCKEY Example Baseball and hockey parlay odds are figures based on the particular contests chosen for the parlay.  For example, the odds for a 3-wager baseball or hockey parlay will change depending on the teams/totals chosen for the parlay.  The following baseball parlay example illustrates this (hockey parlays are figured exactly the same as baseball).  Let’s place a 3-wager $100 parlay on the Boston Red Sox’s, Texas Rangers, and the Over on the San Francisco Giants vs. St. Louis Cardinals baseball games. The lines are as follows:

Atlanta            –180  (O 11 – 120)           San Diego       +220  (O 10 -110)            San Francisco  -105  (O 9 +125)

BOSTON        +160  (U 11 – Even)           TEXAS            -260  (U 10 –110) ST. LOUIS      -105  (U 9 –145)

First, let’s make sure that everyone understands what appears to be a complex mathematical equation in the form of the lines.  The “-180” and “+160” indicate that Atlanta is favored with odds of 100/180 on betting them to win (risk $180 to win $100) and that Boston is the underdog with 160/100 odds for a win bet on them (risk $100 to win $160).  The Total Score/Run also has money line odds, the “(O 11 –120)” and “(U 11- Even)” indicate that betting the total score will exceed 11 has odds of 100/120 (risk $120 to win $100) and betting the total score will be under 11 has odds of 100/100 (even money, risk $100 to win $100).

Now let’s show what the odds are for our choices for the 3 wager parlay; Boston Red Sox to win +160, Texas Rangers to win –260, and Over 9 runs scored in the San Francisco Giants at St. Louis Cardinals +125.  Looking up each one of these odds in the BASEBALL/HOCKEY PARLAY ODDS CONVERSION TABLE gives the following decimal odds for each:

Boston +160 = 2.60       Texas –260 = 1.38         Over (SF vs. STL) +125 = 2.25

            Thus, the pay off for parlaying all three wagers together is figures as such:

            Pay Off = (2.60) x (1.38) x (2.25) = 8.073 x $100 (wager amount) = $807.30

The pay off for the 3-wager parlay is $807.30 ($707.30 won + $100 wagered).  Each parlay must be figured independently for the given money lines offered.  Fortunately, this is done automatically when you select your wager amount for the given parlay.

TEASERS

A teaser is a special type of parlay in which you adjust the point spread or total of each individual play in your favor.  The price of moving the point spread (teasing) is lower pay off odds for winning wagers.

Rules

• All wagers included in teaser must win for the teaser to win and pay off

• A tie or push of any of the contests included in the teaser removes that wager from the teaser, leaving only remaining games in the teaser.  In this event the payout odds will change to reflect the number of teams remaining in the teaser.

• A two-team teaser with a push is a loss.

• Teasing wagers from different sports is allowed (when technically possible)

• You may only tease the complete game on the spread or the total, not any fraction of the game (first half, half time, quarters, etc.)

• Pay off odds increase as number of wagers parlayed increase (SEE: TEASER ODDS TABLE BELOW)

• Minimum of 2 wagers, maximum of 10

• Circled contests may not be included in a teaser

• Football and basketball are the only sports teaser wagers can be placed on

• Teaser points will apply to each wager in the teaser (you cannot tease one wager 6 points and another 7 points within the same tease)

• In the event one of the contests included in a teaser is canceled or postponed, that contest will be removed from the teaser and the remaining contests will constitute the teaser (i.e.  3 wager teaser will revert to a 2 wager teaser).  If the initial teaser only involves 2 contests or 2 wagers on the same contest then the teaser will be canceled and all wagers refunded.

• Teasing wagers from different sports is allowed (when technically possible)

• No Buying Points on Teasers

Limits cannot be exceeded by betting the same teaser multiple times (we reserve the right to void all bets if this is found to be the case)