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   Thursday, July 02, 2009
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Football Wager:
The payout is figured at odds of 10/11. This means that a wager of $11 would win $10 and return $21.
(unless stated otherwise)

Straight Bet
When betting on football, the team you bet on must "cover the spread" (point spread). This means they must win or not lose by a predetermined number set (points) for the game.

Point spreads are steadily changing The listed point spread at the time you make your bet may be different than the point spread when the game starts.

Totals
Total points scored in a game. Also called the over/under.
You may wager that the total score of the game will be more or less than the number listed. Add the final score of each team. The payout, unless stated otherwise, is figured at odds of 10/11.

Money Line
Bettors have the option to discard the point spread and bet on which team will win. This is called betting on the "Money Line" (IF OPTION IS OFFERED)

Odds for a game based on $1.00. A "minus" (-) proceeding the number indicates the team is a favorite. A "plus" (+) proceeding the number indicates the team is an underdog.

The Dallas odds are -150, meaning an $15 bet would win $10, for a return of $25. The Jets' odds are +130, meaning a $10 bet would win $13, for a return of $23.

Football Parlays
More than one team on the same bet.
You may combine several teams into one wager. All teams and/or totals must cover the point spread to win the bet. Odds and the number of teams vary from casino to casino. The following are approximate odds:

2 teams 13-5 ($5 to win $13)
3 teams 6-1
4 teams 11-1
5 teams 22-1
6 teams 44-1
7 teams 90-1

Any game that results in a push reduces the parlay one team.
2-team parlay would become a straight bet.

Parlay Cards
Big Returns for a Small Wager
Sports books offer  different parlay cards. Rules for parlay cards are placed on the back of sports books card. . The cards are simple to fill out. darken the boxes, or circles, that apply to the teams you wish to parlay and  the amount you want to wager.

Football Teasers
Wager that helps the point spread,  reducing the  odds.
Teasers can not be straight bets.

Teasing the point spread is done adding points to a underdog, or subtracting points from a favorite. This increases the probability of winning your bet, but decreases the odds of the parlay.

Approximate Odds(changes with different sport books)

6 points 6.5 points 7 points
2 teams 10-12 10-13 10-14
3 teams 8.5-5 7.5-5 7-5
4 teams 3-1 5-2 2-1
5 teams 9-2 4-1 7-2
6 teams 7-1 6-1 5-1
7 teams 10-1 9-1 8-1

 

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