Wager Types
Straight Wagers
Two ways to place straight bets with SBI:
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Single Straight
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Allows you to place one straight wager at a time. You can buy points or specify
pitchers (when Placing baseball wager)
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Multiple Straights
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Allows you to place multiple straight wagers on multiple Sports on one screen.
However you can not buy points Or specify pitchers (when placing baseball
wagers)
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Intro:
A game has four (4) straight wagering situations. You can wager on the 'side' of the game or the
'total' of the game. When wagering on a 'side', you can choose to wager on (a) the favorite team
(the team most likely to win the game, or has the odds in its favor) or you can choose (b) the
underdog (the team most likely to lose the game, or has the odds against it). A 'total' (or
over/under) is the combined amount of points both teams will score in a game. When wagering on a
'total' (or over/under), you can choose to wager on (c) 'over' or (d) 'under' the total points
scored .
The different types of lines:
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The Point Spread:
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Point spreads are used in football and basketball. The point spread (or 'line')
will try to make the game an even game by adding points to the score of the
underdog or subtracting points from the favorite.
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The Total ('over/under'):
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Totals are used in football, basketball, baseball, hockey, etc. The Total is the
combined points both teams will score in a game.
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'Juice' or 'VIG' (Vigorish):
When wagering on a straight wager (point spread or total), you lay a certain amount of money to
win a smaller amount of money. The difference between what is wagered and what is won is called
the 'Juice' or 'VIG'. In football and basketball the 'Juice' (or 'VIG') is usually 10%. In other
words, for every $110 wagered you will win $100. If you lose the wager, you lose $110. If you
win the wager, you get the $110 'Juice' refunded to you, plus the $100 in winnings ($110 + $100
= $210 total paid back to your account).
Pick'em
When there is no favorite team (both teams are considered to have an equal chance of winning the
contest) the 'point spread' is a 'PK' ('Pick' or 'pick'em') in which case there is no point
spread. In a 'PK' you may wager on either team to win. If the team wagered upon wins, your wager
is a winner.
The Money Line
The 'Money Line' can be used with all traditional sports and just about anything else you can
wager on (football, basketball, baseball, hockey, boxing, tennis, golf, NASCAR, soccer, etc.).
In a 'Money Line' there is no point spread. The money line determines the amount of money laid
and the amount of money won when wagering on either the favorite or the underdog. The highest
negative money line determines the favorite team, and the lowest negative money line and all
positive money lines determine the underdog. The most common case is the favorite with a
negative line and the underdog with a positive one.
Buying Points
You can buy points to your advantage on the sports of football and basketball. Points can be
bought on the side or on the total. Each half point costs you an additional 10 cents to the
dollar. You can buy a total of 2 full points on any side or total.
Buying Points ON or OFF of the point spread of three ( 3) NFL
When purchasing a ½ point "on" or "off" of the point spread of three (+/- 3) in NFL, you will
need to lay/risk an additional 20 cents to the dollar and will have to risk $130.00 USD to win
$100.00.
Buying Points ON or OFF of the point spread of three ( 3) NCAA College Football
When purchasing a ½ point “on” or “off” of the point spread of three (+/-3) in NCAA College
Football, you will need to lay/risk an additional 15 cents to the dollar and will have to risk
$125.00 USD to win $100.00.
Parlays
A parlay is a single bet that links together anywhere from 2 to 6 individual plays. The parlay
can be comprised of a series of bets on a team, over/under bets, or any mixture of the two. For
the parlay to be a winning wager, every one of its individual plays must win. If any of the
individual plays is not a winner, then the entire parlay wager is a loss.
If, one of the individual plays is a "push," then the parlay reverts to the next amount of teams.
For example, a three play parlay would become a two play parlay; a two play parlay would become
a straight bet, with corresponding reductions of the payoff.
All four major sports can be parlayed (football, basketball, baseball, and hockey). Money lines
that differ from -110 affect the payout of the parlay. The higher the negative money line, the
lower the payout of the parlay. The higher the positive money line, the higher the payout.
MAX PARLAY PAYOUT IS $100,000.
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Number of Teams
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Payoffs
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2
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5 to win 13
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3
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1 to win 6
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4
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1 to win 10
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5
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1 to win 20
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6
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1 to win 40
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Cannot Parlay:
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Money Line to
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Side of the same game
1st half side or total of same game
Halftime side
or total of same game
Any Quarter side or total of same game
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Side of game
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1st half side or total of same game
Moneyline of same game
Halftime side
or total of same game
Any Quarter side or total of same game
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Game total
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1st half total or side of same game
Halftime total or side of same
game
Any Quarter side or total of same game
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1st Half side to
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Halftime side of same game
Side or total of the same game
Moneyline of
same game
Any Quarter side or total of same game
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1st Half total to
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Game total or side of same game
Any Quarter side or total of same game
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Round Robins
A Round Robin by definition is the combination of all possible two-team parlays with the chosen
teams. You can choose from 3 to 6 teams in a Round Robin, from which a combination of two team
parlays are made. The maximum risk in a Round Robin is calculated by multiplying the maximum
number of parlays by the amount you want for each two-team parlay.
Note: Each of the two-team parlays is graded individually.
Teasers
A teaser can only be played in football and basketball. The teaser is 1 wager consisting of 2 or
more sides/totals in which you are allowed to adjust the point spread in your favor. If there is
ANY loss in a teaser, the entire teaser results in a loss!! Otherwise, if the
teaser contains a push, no action, or tie, the teaser will revert to the next amount of teams,
paying the odds of the new teaser In the case of a two-team teaser, if there is a push, no
action, or tie, the wager will be refunded. EXCEPT in ALL Sweetheart Teasers & Special
Teasers. Any Push/Tie in a Sweetheart Teaser & Special Teaser is a LOSS.
Any cancelation or postponed game in Sweetheart Teasers & Special Teasers is a NO
Wager.
Teasers Payoffs
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Football
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6 points
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6.5 points
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7 points
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Basketball
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4 points
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4.5 points
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5 points
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2 teams
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11 to win 10
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6 to win 5
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13 to win 10
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3 teams
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5 to win 9
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5 to win 8
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2 to win 3
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4 teams
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1 to win 3
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2 to win 5
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1 to win 2
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5 teams
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2 to win 9
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1 to win 4
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2 to win 7
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6 teams
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1 to win 6
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2 to win 11
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1 to win 5
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Sweetheart Teasers Payoffs Any Push/Tie in a Sweetheart
Teaser & Special Teasers is a LOSS.
Any cancelation or postponed game in Sweetheart Teasers & Special Teasers is a NO Wager.
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Football
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10 points |
3 Selections 2 Totals Max * |
13 to win 10
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Football
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13 points |
4 Selections 2 Totals Max * |
14 to win 10
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Basketball
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8 points |
3 Sides No Totals * |
13 to win 10
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* Any Tie Is a Loss
Any cancelation or postponed game in Sweetheart Teasers & Special Teasers is a NO Wager.
If-Bets
If-bets are used by many players as a method of money management. Like a parlay, an if-bet links
together 2 or more individual plays. Unlike a parlay, an if-bet is not an all-or-nothing wager:
the individual plays remain individual wagers.
Let's look at an if-bet that contains just two plays. You bet on an initial team or total, if
that wager wins then the second wager that you chose will automatically be placed. You should
therefore always list the bet you are most confident about first. If your initial bet loses,
then the second wager is not placed. The status of the linked bets has nothing to do with the
games’ starting times or what order they are played in, it is strictly a logical relation. Even
if the first game in your if-bet is played hours after the second one, the status of the second
bet must wait for the first game’s results. The amount of the total wager is collected at the
time you place the entire bet sequence. You cannot bet a higher amount on the
second wager. Since the second wager is placed only if you win, the maximum amount that you can
lose is the amount of the first wager.
Players have an option of choosing the conditions of an if-bet: "single action" (If-Win-Only) or
"double action" (If-Win-Push/Cancel). Single action specifies that the remaining bets in the
sequence will only be placed if the preceding bet wins. If the preceding bet is a "push" or is
cancelled for any other reason, then the remaining bets will not be placed. Double action
specifies that the remaining bets in the sequence will be placed if the preceding bet wins,
results in a "push" or is cancelled for any other reason. In other words, "double action" means
that the remaining bets in the sequence will not be placed only if the preceding bet loses.
Players also have an option of choosing the conditions of an if-bet “single action”
(If-Lose-Only) or “double action” (If-Lose-Push/Cancel). Single Action you can only have Team A
if Lose Team B. when the wager is placed the bet amount on both teams will be reserved. If you
have Team A laying $110 to win $100 If Lose Team B $110 to win $100, then $220.00 will be
reserved from your account until the wager is graded. The first team must lose in order to have
a wager on the second team. The bet does not roll over if the first team either wins or pushes.
Double action (If-Lose-Push/Cancel) specifies that the remaining bets in the sequence will be
placed if the preceding bet loses, results in a "push" or is cancelled for any other reason. In
other words, "double action" means that the remaining bets in the sequence will not be placed
only if the preceding bet wins.
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Example:
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Dallas Cowboys -5 $110 to win $100
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IF (if win, tie, or cancel)
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Carolina Panthers +4 $110 to win $100
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Reverses
Reverse bets are simply "if bets" that work in both directions. All reverse bets are double
action: the remaining bets in the sequence will be placed if the preceding bet is a win, a
"push," or is cancelled for any reason. An "if bet" (double action) follows the sequence "if
Team 1 wins, ties or cancels then Team 2." Placing a reverse bet will include that sequence and
its opposite: "if Team 1 wins ties or cancels then Team 2" AND "if Team 2 wins, ties or cancels
then Team 1." As you can see, reverse bets contain two "if bet" sequences and you must lay down
an equal amount for each one: an if-bet for $110 is $220 as a reverse bet.
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Part A
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Cowboys -5 $110 to win $100
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IF ( win, tie or cancel)
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Dolphins -14 $110 to win $100
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Part B
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Dolphins -14 $110 to win $100
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IF ( win, tie, or cancel)
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Cowboys -5 $110 to win $100
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If both teams win
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+400
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One win, one loss
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-120
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Both teams lose
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-220
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One push,
One Win
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+200
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Futures
A future bet is a straight bet on an event or outcome that is relatively far off in the future.
For example, you can bet that the Minnesota Vikings will win the Super Bowl long before the NFL
season even starts, or that Jeff Gordon will win the Winston Cup before the first race in the
series has even been run.
Futures bets are mostly money line bets and the odds are continually updated during the period
leading up to the time when the bets are taken off the board. You receive the odds that are in
effect at the time you place your bet. Because circumstances can change so much from the date
the bet is offered to the date of the actual event.
Propositions
A proposition bet is a very specific bet offered by the house. The individual bets have titles
that explain on what event, action or player the wager is placed.
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Example:
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Total Passing Yards for Dan Marino
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Last Team To Score In 1 st Half
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Total Rebounds Made By K Garnett
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