Point spread
The point spread - 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 point spread 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 point spread. In a point spread, you must wager $110 to win $100 ($210 is returned to
the winner). 100/110 is the standard for point spread bets on most sports.
Straight bet
A straight bet is a bet on the outcome of a single event or game that, for betting purposes
only, is determined by a point spread, a money line 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 any time as they move
with the monies wagered, but the money you bet on a team or event at a specified
point spread 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.
Over/Under
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 point spread. 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:
Yankees 6 Red Sox 4. Let´s say the Over/Under is set at 9.5. That means the critical
combined run total for the game is more or less than 9.5 runs. In this example, you
win if you selected the ´over´ because the final tally of runs for the game was 10 (6 plus 4).
Parlay or combo
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 that you bet on must win in order
for you to win. Also, there is no "juice" or commission on this style of bet.Your wager may combine different sports along with different styles of bets (i.e.
over/under, point spread, 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.
Teasers
This bet applies to Football and Basketball. A teaser is a selection
of two or more teams in one wager in which either the point spread 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 point spreads 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 6 points: Buffalo is +15 with the Tease.
Seattle Seahawks and NY Giants (31 pts.) teased by 6 points: 25 pts. for the over Total
Open wagers
Open wagers allow the customer to play teasers or parlays making one selection at different
times or even different days.
Example:
3 Team Parlay
$100 to win $600
Cowboys -8
Dolphins -14
OPEN*
* This spot can be left open for seven days. No open slots on the Internet.
Run line
This bet applies to Baseball. This is a bet to predict which team will score the highest
number of runs. This bet is handicapped, with the underdog always getting +1 1/2 points in
advantage or the fovorite giving -1 1/2 points.
Money line
A money line is offered when no handicap is given, such as a point spread or RunLine, and the
odds are not therefore fixed. Payouts are then based on true odds rather than fixed odds.
The favorite and underdog are given odds to win a game or fight. The minus sign (e.g.-130)
always indicates the favorite and the amount you must bet to win $100. The plus sign
(e.g.+120) always indicates the underdog and the amount you win for every $100 bet.
Therefore based on the above money line, you bet $130 to win $100 on the favorite. For the
underdog, you win $120 for every $100 bet.
Buy points
Buy Points means that you can move the point spread so that you give away less points with
the favorite or get more points with the underdog, for both football and basketball. To do
this you must pay more "juice" for every half point you buy in your favor. Most Sportsbooks
charge 10% for every 1/2 point you buy. For the NFL, you will pay an
additional amount of "juice" to buy on or off of 3 points - also known as a Key Points.
And if you buy through 3 points, you will pay an additional amount of "juice".
Example:
New York Jets (+4.5) are 4.5 point underdogs. To move the line to 5 points, you would buy
one-half point and lay $120 to win $100 (at 4.5 points you would have layed $110 to win
$100). An example of how to buy off of 3 points: the Kansas City Chiefs (-3) are 3 point
favorites. To buy 1/2 point and make them a 2.5 point favorite, you would need to lay $125
to win $100.
Puck line
Sometimes Horizon Sportsbook uses a combination of handicap/spread and odds for the NHL. This is
called the puck line.
Example line:
Boston + 1 (-110) Detroit - 1.5 (-110) The favorites are the Detroit Red Wings, who are
giving the Boston Bruins 1.5 goals. To win the bet, Detroit would have to win the game by 2
goals.
When placing this bet you are laying $110 for every $100 you want to win. If you are betting on Boston, you will receive a 1.0 goal
handicap, meaning that if Detroit wins by 1 goal the game is a push. If the game ends in a
tie or Boston wins, then you win the bet. The odds again are at -110.
Proposition bet
A "prop bet" is a bet the Sportsbook offers at odds and conditions of its choosing. Prop
bets can be exotic bets, such as which team will score the most touchdowns, which team will
shoot the most three pointers, which running back will rush for the most yards, etc. Most
prop bets are offered at 130-100 odds, but some of the exotics will be offered at better or
worse odds, depending on the bet.
Futures
This bet applies to Football, Basketball, Baseball and Ice Hockey. Futures are a single
wager on the outcome of an event that will be determined sometime in the future.
For Example:
It might be a bet made at the start of the season on Dallas Cowboys to win the Super Bowl.
Futures odds change continuously throughout the season - YOU GET THE ODDS IN EFFECT AT THE
TIME YOU BET.
Futures bets often attract (high) odds to the bettor. An "If Win" wager is an
excellent choice for money management. You wager a fixed amount on one team. If that team
wins or the game is tied, then another fixed amount -up to the original amount- shall be
placed on a different team. Your first wager must win in order for you to have action on
the remaining wager(s). If the first wager loses, there is No Action thereafter. You cannot
have duplicate teams in the same "If Win" wager.
"If wagers"
"If" wagers allow the customer to make a second wager pending a win on the first selection.
The second part of the "If" wager cannot exceed
the amount of the first selection.
Example:
Dallas Cowboys -5 $110 to win $100 IF (if win, tie, or cancel) Carolina Panthers +4 $110 to
win $100. If the Cowboys lose, the wager stops there and is scored a loser -$110; if the
Cowboys win +$100, the wager continues to the Panthers wager; if the Panthers win, the wager
is a $200 winner; if the Panthers lose, the wager is a $10 loss.
Reverse wagers
Reverse wagers are always double action IF bets.
Part A
Cowboys -5 $110 to win $100
IF (win, tie or cancel)
Dolphins -14 $110 to win $100
Part B
Dolphins -14 $110 to win $100
IF (win, tie, or cancel)
Cowboys -5 $110 to win $100
If both teams win +400
One win, one loss -120
Both teams lose -220
One win, one push +200
Action points
An Action Point wager allows a player to place a bet on how many points his selected team
will beat the spread by up to a set cap. You can choose your own cap between 1 and 15
points on Pro-Football games. You choose how much you wish to bet per action point. When
you place an action point wager, no money is deducted from your account, but your maximum
loss potential is restricted from your account until the game is final. You win the dollar
amount wagered for each point the team covers by up to the selected cap. You lose 1.1 x
(dollar amount wagered) for each point your team does not cover by up to the selected cap.
Round robins
Typically for football and basketball, the Round Robin option allows you to select up to 8
teams and produce a series of parlay bets involving a nominated number of teams in every
combination. To select this option click the ´Round Robin´ check box. You will need to also
select the number of teams in each parlay. The drop down menu labelled ´Round Robin teams
in each parlay´ to the right of the ´Round Robin´ check box provides this ability. You need
to select one of the following:
3 teams every 2 ways = 3 bets
4 teams every 2 ways = 6 bets
5 teams every 2 ways = 10 bets
6 teams every 2 ways = 15 bets
7 teams every 2 ways = 21 bets
8 teams every 2 ways = 28 bets
4 teams every 3 ways = 4 bets
5 teams every 3 ways = 10 bets
6 teams every 3 ways = 20 bets
7 teams every 3 ways = 35 bets
8 teams every 3 ways = 56 bets
5 teams every 4 ways = 5 bets
6 teams every 4 ways = 15 bets
7 teams every 4 ways = 35 bets
8 teams every 4 ways = 70 bets
6 teams every 5 ways = 6 bets
7 teams every 5 ways = 21 bets
8 teams every 5 ways = 56 bets
7 teams every 6 ways = 7 bets
8 teams every 6 ways = 28 bets
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The selected item will indicate to you the number of teams you need to select as well as
the number of bets that will be generated. The number of teams you select in the drop down menu must match the number of team selections you check on the betting page. If this does not match, an error mesage will be produced. The total number of bets will be multiplied by the stake $ value you select. This amount will be deducted from your account when the bets are confirmed. I.e. if you select 6 teams
every 4 ways, this will generate 15 four-team parlay bets.
If the stake value selected was $10, then 15 x $10 = $150 would be deducted from your
account.