Wager types & payouts Exotic Bets Sportsbook rules Terms & conditions Wager limits

Sportsbook Main Wager Types

 
Straight
Totals
Asian Handicaps
Teasers/Progressives
If Bets
Reverses
Round Robins
Rolling If Bets
 
Pleasers
Parlays
Office Pools
Point Buying
WagerWriter

Click Here For All Payout Charts

Straight Bets - A straight bet (a.k.a. "side") is one of the most common forms of sports betting where you pick in advance which team will win the game.

For baseball, you bet on which team will win the game outright.

For basketball or football, there will generally be a point spread as part of the bet.  If the number is positive (+), then you add the points to your team's score.  If the number is negative (-), then subtract those points from your team's score.  The side with the higher score after the points are applied is the winner.

Straight Bets Payoffs- For football and basketball the payoff is $100 for every $110 wagered unless otherwise noted.  It is customary when making a bet that you put up the juice as part of your wager.  Therefore, $110 will be wagered if you specify a $100 straight bet.

For sports involving no point spread (such as baseball or boxing), the money line (ML) determines the payoff.  If the money line is a negative number, then you wager the amount of the money line for each $100 of 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.  For example, if the money line is +125, then you would wager $100 to win $125.

When entering an ML wager using the "base" amount, always enter the amount you wish to WIN when wagering on a favorite (negative number), and enter the amount you wish to RISK when wagering on an underdog (positive number).  You also may choose to "risk" or "win" a specific amount regardless of whether you are wagering on a favorite or an underdog.

Totals - When you bet on totals, you are betting on whether the total points scored in the game will be higher or lower than the posted total.

Totals Payoffs - For football and basketball the payoff for a winner is $100 for every $110 wagered unless otherwise noted.  It is customary when making a bet that you put up the juice as part of your wager.  Therefore, $110 will be wagered if you specify a $100 total bet.

For baseball totals, the total points seldom move.  Instead, applying a money line to the total creates line moves.  Therefore, your payoff will depend on the money line at the time of the wager.

Parlays -A parlay is a group of straight bets of either spreads/moneylines or totals combined into one bet with an increased pay out (see chart below).  For the parlay to be a winner, all of the individual selections of the parlay need to win.  If there is a push, cancellation, or no action in one or more of your parlay picks, the wager steps down to the next lower number of teams.  Two team parlays with one selection resulting in a push, cancellation, or no action, reverts to a straight wager.  If all the picks of your parlay are pushes, cancellations, or no action, your parlay is graded as a TIE and the risked funds will be returned to your account.

You can parlay proposition bets of different games in the same parlay and also mix different sports. Parlays containing spreads, moneylines or team totals of 1st half, 2nd half, periods and quarters of the same sporting event are considered correlated parlays and are not permitted.

For almost all sports, parlays including spreads or moneylines to totals of the same game are valid.  For football, you can parlay side to total of the same game when the ratio between the spread and the total is greater than 3 to 1.  You are allowed to parlay moneylines to totals on selected options in baseball and hockey.  For baseball, hockey, soccer, and most other sports, parlays with spreads to totals are not permitted.

Parlays Payoffs - Parlay wager payoffs depend on how many teams are selected and the odds on those teams.  Payoffs for football and basketball at odds of -110 are shown in the table below. 

Parlay Payouts for Football and Basketball
All payouts based on odds of -110

# of Teams

Parlay Payoff

2 2.64/1
3 6/1
4 12.28/1
5 24.35/1
6 47.41/1
7 91.42/1
8 175.44/1
9 335.85/1
10 642.08/1
11 1226.70/1
12 2342.79/1
13 4473.51/1
14 8541.25/1
15 16306.94/1
16-25* True Odds
*Available ONLINE ONLY

Open-Parlays - Open-parlays are available over the phone and online.  In parlays posted over the phone, you may choose to leave one or more selections in your parlay "open".  You may call at a later time to fill in the spots on that parlay if it is still pending (no losing selections), or you can go online to fill the open spots yourself, through the website.  More than 50% of the parlay must have selections made when creating an open-parlay through the call center.

Open-parlays posted online may have up to 24 open spots.  You can fill out the open spots on that parlay later on if it is still pending (no losing selections).  Open spots can be filled one by one or all at once, there is no expiration time frame on open parlays as long as there are no losing selections on your bet.  Open plays posted online can be filled online ONLY.  Management reserves the right to remove open spots from plays and/or to disable the open wagers feature from an account at any time.

How to Close an Open Parlay

Teasers -A teaser is a group of straight bets and/or totals combined into one bet.  The difference between a parlay and a teaser is that with a teaser, the line you bet against for each individual wager is moved to your favor by the number of points of the teaser.  If the regular line is -10 and you have a 6-point teaser, then your line would be -4.

As with a parlay, all of the individual parts need to win for the teaser to be a winner. This wager type is available for Football and Basketball only. Teasers are not yet available for baseball or hockey.

Teasers Payoffs – Teaser wager payoffs depend on how many teams are selected and how many points are given to each team.  Payoffs for football and basketball teasers are shown in the tables below. 

Ties Reduce Teasers – If there is a push in one or more of your teaser’s individual parts, then the wager steps down to the next lower number of teams.  If a two-team teaser has a push and a winner, then the teaser is "no-action" (refunded).

Ties Win Teasers – All ties are treated as winning selections. If one or more of the selections are ties, those selections count as winning picks. Even if all of the selections are ties, all those ties are considered winners in "Ties Win Teasers". A game not played or completed on the original scheduled date is not deemed as a tie. If a game is postponed or canceled, the teaser would step down to the next lower number of teams.

Ties Lose Teaser – Any tie is treated as a losing selection.  A game not played or completed on the original scheduled date is not deemed as a “tie”.  If a game is postponed or canceled, the teaser would step down to the next lower number of teams.

In instances where a teaser is reduced to a one team teaser due to games being postponed or completely canceled, the player will be permitted to choose replacements for the canceled selections.  If there are 2 or more selections of the teaser that were not canceled, then no alterations to the teaser will be permitted.  Any losing pick, even if that is the only remaining selection in a teaser, automatically becomes a loser.

If a two-team teaser has a tie and a loser, the teaser loses.  You may have your account set up for Vegas Teaser Rules (a tie and a loser = a TIE) by choosing the Point Buying Bonus program. Click here for more information.

Sportbet reserves the right to change teaser payouts on an individual account at any time without prior notice.  Pending teasers will always be honored with the rules stated at the time the wagers were made. Click Here for Teasers Payout Chart

How to Close an Open Teaser

Open-Teasers - Open-Teasers are available on the internet only.  This option is not available for phone wagering.  You can fill out the open spots of your teaser later on, online, if it is still pending (no losing selections).  Open spots can be filled one by one or all at once, there is no expiration time frame on open teasers as long as there are no losing selections on your bet.  Open spots are available on regular Teasers, Progressive Teasers, MultiChance Teasers, Progressive Parlays, MultiChance Parlays, Pleasers, Progressive Pleasers, MutliChance Pleasers.  Management reserves the right to remove open spots from plays and/or to disable the open wagers feature from an account at any time.

Progressive Teasers - Progressive Teaser works much the same way as a teaser.  However, with a Progressive Teaser, there is a consolation payout for having an incorrect selection.  Once having the minimum amount of correct selections for a payout, each additional correct selection increases the payout odds.  Ties are considered incorrect selections on Progressive Teasers.

Only one side or total may be selected on a game.  Progressive Teaser selections with a "side to a side", "side to a total", or "total to a total" within the same game are not permitted. 

Progressive Teasers are available on the internet only.  This option is not available for phone wagering.

Click Here For Progressive Teasers Payout Chart

MultiChance Teasers - A Multichance Teaser works much the same way as a Progressive Teaser.  However, the payouts do not increase with more correct selections.  Once the minimum amount of correct selections has been won, the MultiChance play will be a winner.

Winnings from a MultiChance plays are not credited to an account until all selections made have a result.  MultiChance plays will not be credited before all selections have concluded (even if the wager is already a winner).  When selections have not concluded, you must make use of RIF (rolling-if-bet) wagering options in order to use winnings or potential winnings from this wagering option. 

MultiChance Teasers are available on the internet only.  This option is not available for phone wagering.
Click Here for MultiChance Teasers Payout Chart

Progressive Parlays - A Progressive Parlay works much the same way as a parlay.  However, with a Progressive Parlay, there is a consolation payout for having incorrect selections.  Once having the minimum amount of correct selections for a payout, each additional correct selection increases the payout odds. This wager type is available for Football and Basketball only.

A Progressive Parlay with a correct amount of selections that is not listed on the payout chart is a loser.  Ties are considered incorrect selections on Progressive Parlays.

Progressive Parlays are available on the internet only.  This option is not available for phone wagering.
Click Here for Progressive Parlays Payout Chart

MultiChance Parlays - A MultiChance Parlay is similar to a Progressive Parlay, as you may still win with incorrect selections.  However, the payouts do not increase with more correct selections.  Once the minimum amount of correct selections has been won, the Multichance play will be a winner. This wager type is available for Football and Basketball only.

Winnings from a MultiChance plays are not credited to an account until all selections made ha ve a result.  Multichance plays will not be credited before all selections have concluded (even if the wager is already a winner).  When selections have not concluded, you must make use of RIF (rolling-if-bet) wagering options in order to use winnings or potential winnings from this wagering option.

MultiChance Parlays are available on the internet only.  This option is not available for phone wagering.
Click Here for MulitChance Parlays Payout Chart

 

Pleasers - A pleaser is a group of football and/or basketball side straight bets combined into one bet.  The difference between a pleaser and a teaser is that with a pleaser, the line you bet against for each individual wager is moved against your favor from 6-7½ points.  If the regular line is -10 and you play a 6-point pleaser, then your line would be -16.

6 Point Pleaser Examples:

Lines:
Dallas is (-3) over Washington
Pittsburgh is (-8) over Cleveland

A "Two team 6 point Pleaser" on Dallas and Pittsburgh would be as follows:
Dallas (-9)
Pittsburgh (-14)

A "Two team 6 point Pleaser" on Washington and Cleveland would be like this:
Washington (-3)
Cleveland (+2)

Pleasers Payoffs - Pleaser payoffs depend on how many teams are in your wager.  If there is a tie in one or more of your individual parts, then the wager steps down to the next lowest number of teams.

If a two-team pleaser has a tie and a winner, then the pleaser pays even money.  The software will not automatically credit the even money payout.  You must contact customer service to have this even money winner credited.

If a two-team pleaser has two ties, then the wager is a push.

Pleasers are available on the internet only.  This option is not available for phone wagering.
Click Here For Pleasers Payout Chart

Progressive Pleasers - A Progressive Pleaser works much the same way as a pleaser.  However, with a Progressive Pleaser, there is a consolation payout for having incorrect selections.  Once having the minimum amount of correct selections for a payout, each additional correct selection increases the payout odds.

Only one side or total may be selected on a game.  Progressive Pleaser selections with a "side to a side", "side to a total", or "total to a total" within the same game are not permitted. 

Progressive Pleasers are available on the internet only.  This option is not available for phone wagering.
Click Here for Progressive Pleasers Payout Chart

MutliChance Pleasers - MultiChance Pleaser is similar to a Progressive Pleaser, as you may still win with incorrect selections.  However, the payouts do not increase with more correct selections.  Once the minimum amount of correct selections has been won, the MultiChance play will be a winner.

Winnings from a MultiChance plays are not credited to an account until all selections made have a result. 

MultiChance plays will not be credited before all selections have concluded (even if the wager is already a winner).  When selections have not concluded, you must make use of RIF (rolling-if-bet) wagering options in order to use winnings or potential winnings from this wagering option.

Only one side or total may be selected on a game.  MultiChance Pleaser selections with a "side to a side", "side to a total", or "total to a total" within the same game are not permitted. 

MultiChance Pleasers are available on the internet only.  This option is not available for phone wagering.
Click Here for MultiChance Pleasers Payout Chart

 

If-Bets (Win Only) - An If-Bet is a chain of wagers that carry over to the next bet only if the player wins the initial selection.  The player has to wager a fixed amount on the first selection.  A new selection can be placed with another fixed amount, up to the payout amount of the subsequent wager. 

The player must win the first wager in order for the remaining wagers to have action.  If the first wager loses or pushes, there is no subsequent action.  As each selection wins, there will be action on the following wager. 

There may be up to 15 selections in one If-Bet.  Correlation restrictions for If-Bets are the same as they are for parlays.

If "action" is selected on baseball moneyline wagers, the total risk amounts deducted at the time of placing an If-Bet may exceed the amount of the initial wager selection.  This risk increase is due to a potential price change, in the event of a pitching change.  To avoid available funds being frozen until the wager is closed, always choose listed pitchers in your If-Bet selections.

If-Bet Win Only Examples:

Example One:
Place a fixed wager on the St.  Louis Rams (-7, -110) for $220 to win $200.
If the Rams win, a fixed wager, up to the payout amount of the previous wager may be placed on the next selection.  The subsequent wager may risk up to the previous payout of $420.
A wager on the Detroit Lions (-3 -110) for $330 to win $300 is placed.
If the Lions also win, the player would collect winnings on both wagers with a total profit of $500.


Example Two:
Place a fixed wager on the St.  Louis Rams (-7, -110) for $220 to win $200.
If the Rams win, a fixed wager, up to the payout amount of the previous wager may be placed on the next selection.  The subsequent wager may risk up to the previous payout of $420.
A wager on the Detroit Lions (-3 -110) for $330 to win $300 is placed.
If the Lions selection loses, the player would collect winnings on the Rams (+$200) and lose (-$330) on the Lions. 


Example Three:
Place a fixed wager on the St.  Louis Rams (-7, -110) for $220 to win $200.
If the Rams lose, any further selections after the Rams selection will be "No Action".  The player would lose only (-$220) on the first wager.

If-Bets (Win and Push) - Same as If-Bets (win only) but in this case, a subsequent wager has action if the prior bet wins OR PUSHES.

If-Bets Win & Push Example:

Example One:
Place a fixed wager on the St.  Louis Rams to win with spread of (-7).
If the Rams win or PUSH, a fixed wager, up to the original amount, is placed on the Detroit Lions to win with spread of (-3).
In the event of a push in initial game, If Detroit wins, player would win $100.00.  If Detroit would lose, player would lose $110.00.

Rolling If-Bets (also known as Leverage Plays) - A Rolling If-Bet (RIF) is a straight, parlay or teaser wager made contingent on the outcome of a previously placed wager that is still pending. The pending wager can be a wager posted on an event that is in progress or it can be a wager on an event that has yet to begin. The pending wager cannot be an existing If-Bet, Reverse, any play with an open leg (Parlay or Teaser), a Free-Play, Reduced Juice bet, an Asian Handicap, or any bet posted on Live Betting Extra. You can only make a RIF from a Straight Bet, a Teaser/Progressive, or a Parlay posted on Sportsbook Main.

RIF If-Wins-or-Push selections will carry to the next selection if the play is a win, push, cancel or no action.

Correlated RIF wagers will be voided or split into separate straight wagers with the risk amount divided equally. Correlated RIF include: multiple selections on the same team/player in the same event, multiple selections against the same team/player in the same event, or any other combination where one event directly affects further selections in the play, including Live In-Play wagers.  Players will never be given the benefit if there is any doubt regarding intentions of correlated RIF and winnings will be voided.  No warnings will be given.


How to place a RIF
- Once logged into the sportsbook main, select Straight, Parlay or Teaser/Progressive from the sportsbook main-wagering menu.  The RIF is only available if you select one of these menu items.  RIF wagers are not available when Bet the Board is selected.

Make your Straight, Parlay or Teaser selections.  You will then be able to enter your wager amount. To make a RIF wager, click on the IF button next to the wager amount.



After selecting the IF button a window showing all of your eligible pending wagers will display:

Rolling If   Bets

You must then select the type of Rolling If Bet: Win Only or Win/Push.  The available funds for your RIF will depend on the pending ticket you selected.


After making your selection you will see the confirmation of your RIF wager.  The amount to RISK or TO WIN will be added automatically after selecting a pending ticket, but you may modify it to a lesser amount if desired.


You will then be asked to enter your password to confirm.  Once you enter your password, click confirm and your RIF wager is complete.

Caution!  If you only enter the Risk or Win amount, and fail to select a pending wager, the wager will not be considered a Rolling-If Bet.  It will be considered a straight, parlay or teaser, depending on your original selection.

Rolling If-Bet (RIF or leverage plays) Rules - When you make a Rolling-If Bet (RIF) from a Parlay that contains a Baseball side, and that side was placed using Action for the pitching option, you can only use the amount you are laying/risking on the first Parlay for the second bet.  If, on the other hand, the Baseball side was placed using listed pitchers (or a Run-Line or a Total), you can have the proceeds from the first bet (the lay and any winnings) placed on the second bet.

If you have a Parlay or Teaser and any of the entries tie/push/cancel, the amount available for the RIF If-Wins-Only is the amount you lay plus any winnings from the remaining selections.  This amount is the figure that would be paid into the account if the wager would finalize at that time.  If you lay an amount in the next leg of an RIF If-Wins-Only greater than the payout from the prior play, you will have no action on the RIF If-Wins-Only.  Even if one or more wagers tie/push/cancel, as long as there is one winning wager and the payout exceeds the risk amount of the subsequent RIF If-Wins-Only wager, the next leg of the RIF If-Wins-Only wager will have action. RIF If-Wins-or-Push selections will carry to the next selection if the play is a win, push, cancel, no action, or voided.

Round Robin - Easily turn your parlay into a Round Robin.  A Round Robin bet is a method to box a parlay.  Sportbet automatically calculates the combinations for you.  A "Round Robin with 2's, 3's" would include all the possible two team and three team parlays which can be made with all the current selections.  The risk amount entered will be the desired risk amount on each individual combination created.

How to place a Round Robin bet - Once logged into the Sportsbook main, select Parlay from the sportsbook main-wagering menu.  Make your Parlay selections.

Verify your selections.  Below the selections, you may change your “Single Parlay” into your desired “Round Robin.”

Round Robin


Once you have selected your desired Round Robin, you will be asked to enter a risk amount. A screen showing your wagers will appear.  Please verify your selections then Submit. 


Round Robin

To check the status of your wager, simply click "Pending Wagers" in the Sportbet toolbar.

 

Reverses - A reverse bet (also known as an action reverse) is a set of if-bets going both forward and in reverse order.

For Example: (using Football and Baseball):

The First Part:
Philadelphia Eagles -8 $110 to win $100 Double Action (If win, push, no action, or cancelled)
Then
Cleveland Indians (-175) Risk $110 to win $63
Second Part:
Cleveland Indians (-175) $110 to win $63 Double Action (If win, push, no action, or cancelled)
Then
Philadelphia Eagles -8 Risk $110 to win $100
Total risk- $220 (maximum risk) to win $326

Possible outcomes:
If the Eagles and the Indians both win, you will win $163 on the first part of the wager and $163 on the reverse part, for total winnings of $326. 

If the Eagles win and the Indians lose, you will lose $10 on the first part of the wager and $110 on the reverse part, for total losses of $120. 

If the Indians win and the Eagles lose, you will lose $110 on the first part of the wager and $47 on the reverse part, for total losses of $157. 

If one team pushes, is no action, or is cancelled and the other team is a loss, you will lose $220. 
If one team pushes, is no action, or is cancelled and the other team wins, you will either win $126 (63+63) for the Indians or $200 for the Eagles (100+100).

 

Asian Handicaps - Asian handicaps are most commonly available for soccer matches.  Asian handicaps may also be used for other sports such as football, baseball, basketball, hockey, and any other event where a pointspread/handicap is used.

An Asian handicap operates in a similar way to the traditional handicap.  But there is a guarantee of funds being won or lost on each selection.  There will be two handicaps listed for a game.

For example;
Arsenal -½, -1      -130
Chelsea +½, +1  +110
If you select Arsenal and risk $260 to win $200, your actual bets would be Arsenal -½ -130 $130 to win $100, and Arsenal -1 -130 $130 to win $100. 

If Arsenal wins by two or more goals, you would win both halves of your selection.  The profit would be $200. 
If Chelsea wins the game or the match ends in a draw, you would lose both halves of the selection.  The loss would be $260. 

If Arsenal wins the match by exactly one goal, you would win the -½ goal selection and push on the -1 goal selection.  The profit would be $100.

If you select Chelsea and risk $200 to win $210, your actual bets would be Chelsea +½ +110 $100 to win $110, and Chelsea +1 +110 $100 to win $110. 

If Arsenal wins by two or more goals, you would lose both halves of your selection.  The loss would be $200.
If Chelsea wins the game or the match ends in a draw, you would win both halves of the selection.  The profit would be $220. 

If Arsenal wins the match by exactly one goal, you would lose the +½ goal selection and push on the +1 goal selection.  The loss would be $100.

Totals can also have split offerings, and work similar to Asian handicaps.  For example, if a player bets Arsenal/Chelsea game under 2½, 3 -110, half the bet would be under 2½, and half would be under 3.  Just like the Asian handicap on the side of a match, a player could win/lose all or half of their bet depending on the outcome of total goals.

 

Office Pools

Payouts for the pools are a 100% payout, which means the whole pot is given out to the winner(s).

If a spread is displayed, you must pick the game against the spread.

The Tie Breaker will be the total points of the last game, unless otherwise noted.

If the last game is No Action (is not played), the Tie Breaker will be based on the previous game.

Once a sheet is purchased, it can NOT be deleted and is NOT refundable.

You can play as many sheets you want for a pool, up until the first game goes off.

After the first game of a pool has started, you can NOT add sheets or make changes.

After all games are finished the player with the most correct wins the pot.

If there is more than one winner, the Tie Breaker is used. The Tie Breaker is the person who guessed the closest, and it does not matter if the guess is over. If there is still a tie after the Tie Breaker, the pot is split amongst the tied winners.

Purchased office pool sheets are considered redemptions from the Sportbet Sportsbook Main.

Winnings posted back to the Sportsbook Main balance are considered deposits to the Sportbet Sportsbook Main.

 

Point Buying

Buying points moves the point spread in your favor by the number of points purchased.  Customers may buy half points on football and basketball game sides and totals only.  First half and half-time point buying is not available.  Each half point purchased increases in cost for each additional point.  The maximum point buy ranges from 10 to 20 points based on the league and sport.

The number "3" and "7" in the football are key numbers.  It costs extra to buy on and off these numbers.   The amount of the extra cost will vary from league to league.

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