Our Advanced Course in sports betting will start with explaining the wide variety of bet options at Yower Online.
Straight or Single Bet
A single or straight bet is a wager on the outcome of a single event or game. Depending on the type of line you select, winning the bet is determined by the outright winner, the point spread, or the combined scores of both teams involved in the event. Your payout is determined by the odds that are posted at the time you place the bet.
Parlay
A parlay, or combo bet, is a selection of two to as many as twelve wagers that are linked together. Winning the bet is dependent on all of the wagers winning. If even one of the wagers loses, the entire parlay loses. Adding more wagers, or teams, to your parlay increases your potential payout - with more risk, there's also more reward.
Suppose the New York Giants (-3) are playing the Philadelphia Eagles. At the same time, the New England Patriots (-8) are playing the Miami Dolphins. You've done your research and believe both the Giants and the Patriots will cover their respective spreads. Instead of placing two straight bets, you can place a parlay. If you're right about both of the games, you'll win. However, if one of the teams fails to cover, you'll lose.
Parlay Payouts
Fixed Odds
In fixed odds bets, the odds of all of the picks in the parlay must be standard (i.e., -110, where you must wager $110 to win $100). Additionally, all of the picks must be football or basketball point spreads and/or totals. The odds are set according to the following scale:
2 TEAM - Pays 13/5
3 TEAM - Pays 6/1
4 TEAM - Pays 10/1
5 TEAM - Pays 20/1
6 TEAM - Pays 40/1
To calculate your winnings, multiply the odds by your bet amount. For example, suppose you bet $10 on a two-team parlay where the odds of both picks are -110. You stand to win $26 ($10 x 2.6/1). Your total payout would be $36 (the $26 you won plus the $10 you wagered).
If one of the picks comes from a sport other than football or basketball, is a moneyline, or is an off-standard line (e.g., -115), then the parlay is subject to true odds instead of fixed odds.
True odds
To calculate a true odds payout, you need to find the multiplier for each pick in the parlay and then multiply your bet amount by the product of the multipliers. For example, suppose you bet $10 on a two-team parlay where the odds of the two picks are -140 and +120:
| Moneyline | Multiplier |
| -140 | 1.71 |
| +120 | 2.20 |
Your total payout, which is your winnings plus your original wager, is calculated as follows: 10 x 1.71 x 2.20 = $37.62.
The maximum wager payout for Yower Sportsbook is $100,000. No wager payout will exceed this amount under any circumstances.
Rules of Parlay Betting
The following rules apply when you place a parlay:
- You must select a minimum of two lines and a maximum of twelve to place a parlay.
- A tie reduces the number of wagers (teams) in the parlay. For example, a four-team parlay with two ties reduces to a two-team parlay and the payout is recalculated based on the reduced number of teams. A two-team parlay with one tie reduces to a straight bet. If a parlay reduces to zero teams, the bet will be graded "No Action" and your money will be refunded.
- With the exception of ties, all of the wagers must win for the parlay to be considered a win. If any one of the wagers loses, the entire parlay loses. There are no partial payouts.
- Unless otherwise specified, games not played on the date or at the location specified are graded "No Action", and the parlay reduces to the next lowest number. The payout is recalculated based on the reduced number of teams.
- You can't include circled lines, futures, props, quarter lines (1Q, 2Q, 3Q, and 4Q), and fifth inning lines (5inn.) in parlays.
- You can't combine point spreads and/or moneylines for the same team from the same game, even if the lines are from different segments of the game.
- You can combine a maximum of four lines from the same game, according to the following:
For example, suppose the Seattle Seahawks are playing the Dallas Cowboys. You want to combine your bet on Dallas for the first half (1H) with bets on other segments of the same game. As explained above, you can't combine your bet with any other Dallas bet for that game (Game or 1H); however, you can combine it with one Over, one Under, and one bet on Seattle. The following parlay would be valid:
The following parlays would be invalid:
Any segment (Game or 1H) Over
Any segment (Game or 1H) Under
Any segment (Game or 1H) Team A (point spread or moneyline)
Any segment (Game or 1H) Team B (point spread or moneyline)
Dallas (1H) with Seattle (Game) with Over (1H) with Under (Game)
- Dallas (1H) with Dallas (Game), even if one bet is a moneyline and the other is a point spread
- Over (1H) with Over (Game)
- You can't include both sides of the same bet type (point spread, moneyline, or total) from the same segment of the game. Using the example above, the following parlay would be invalid:
Over (1H) with Under (1H)
Teasers
You can reduce the risk in a parlay by placing a teaser instead. A teaser is a combination of two to ten football or basketball wagers in which you adjust the point spreads and/or totals in your favor in exchange for a lower payout. When your teaser includes a point spread, you can decrease the spread for the favorite or, conversely, increase the spread for the underdog. When it includes a total, you can increase the "under" or decrease the "over". Like a parlay, winning the bet is dependent on all of the wagers winning.
In football, you can tease spreads and totals by 6, 6.5, or 7 points.
In basketball, you can tease spreads and totals by 4, 4.5, or 5 points.
Suppose once again that the New York Giants (-3) are playing the Philadelphia Eagles. At the same time, the New England Patriots (-8) are playing the Miami Dolphins. You still believe that both the Giants and the Patriots will cover their respective spreads, but you'd like a little breathing room. By placing a 7-point teaser, you could change the spreads to Giants (+4) and Patriots (-1). This way, the Giants wouldn't even have to win the game for you to have a shot at winning your bet. They could lose by a field goal, and if the Patriots won by more than a single point, you'd collect on your wager.
The added comfort comes with a price, of course. Where a parlay on this selection would pay 2.6/1, a 7-point teaser would pay 10/13 (i.e., you would win $7.69 on a $10 wager instead of $26).
Teaser Payouts
Your payout depends on the sport, the number of teams in the teaser, and the selected point adjustment:
|
Football |
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|
Odds: |
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|
Teaser size: |
6 points: |
6.5 points: |
7 points: |
|
2-team |
10/11 |
5/6 |
10/13 |
|
3-team |
9/5 |
8/5 |
7/5 |
|
4-team |
3/1 |
5/2 |
2/1 |
|
5-team |
9/2 |
4/1 |
7/2 |
|
6-team |
6/1 |
11/2 |
5/1 |
|
7-team |
10/1 |
9/1 |
8/1 |
|
8-team |
15/1 |
12/1 |
10/1 |
|
9-team |
20/1 |
15/1 |
12/1 |
|
10-team |
25/1 |
20/1 |
15/1 |
|
Basketball |
|||
|
Odds: |
|||
|
Teaser size: |
4 points: |
4.5 points: |
5 points: |
|
2-team |
1/1 |
10/11 |
5/6 |
|
3-team |
9/5 |
8/5 |
3/2 |
|
4-team |
3/1 |
5/2 |
2/1 |
|
5-team |
5/1 |
4/1 |
7/2 |
|
6-team |
7/1 |
6/1 |
5/1 |
|
7-team |
10/1 |
9/1 |
8/1 |
|
8-team |
15/1 |
12/1 |
10/1 |
|
9-team |
20/1 |
15/1 |
12/1 |
|
10-team |
25/1 |
20/1 |
15/1 |
The following rules apply when you place a teaser:
1.You must select a minimum of two lines and a maximum of ten to place a regular football or basketball teaser.
2.All of the lines must be point spreads and/or totals.
3.A tie reduces the number of wagers (teams) in a regular teaser of three or more teams. For example, a four-team teaser with two ties reduces to a two-team teaser and the payout is recalculated based on the reduced number of teams.
4.If any portion of a two-team teaser is graded "Push" or "No Action", the entire wager will be graded "No Action" and your money will be refunded.
5.With the exception of ties, all of the wagers must win for the teaser to be considered a win. If any one of the wagers loses, the entire teaser loses. There are no partial payouts.
6.Unless otherwise specified, games not played on the date or at the location specified are graded "No Action", and the teaser reduces to the next lowest number. The payout is recalculated based on the reduced number of teams.
7.You can't include circled lines, futures, props, moneylines, first half (1H), second half (2H), and quarter lines (1Q, 2Q, 3Q, and 4Q) in teasers.
Sweetheart Teaser
A sweetheart teaser is a special teaser that combines either three or four football or basketball wagers.
The number of points that you can adjust the point spreads or totals by depends on the sport and the number of teams in the teaser, as follows:
|
Football |
||
|
Teaser size: |
Tease by: |
Odds: |
|
3-team |
10 points |
10/11 |
|
4-team |
13 points |
5/6 |
|
Basketball |
||
|
Teaser size: |
Tease by: |
Odds: |
|
3-team |
8 points |
10/11 |
|
4-team |
10 points |
5/6 |
For example, suppose you want to tease the following football lines:
· Denver Broncos +3
· New York Jets vs. New York Giants Over 37
· Oakland Raiders -5
Your three-team sweetheart teaser would be:
· Denver Broncos +13 (spread increased by 10 points)
· Jet/Giants Over 27 (total decreased by 10 points)
· Oakland Raiders +5 (spread decreased by 10 points)
Like a regular teaser, all of the wagers must win for the sweetheart teaser to be considered a win. Unlike regular teasers, however, sweetheart teasers never reduce. If one of the wagers results in a tie, the whole teaser will be considered a loss. If one of the wagers is graded "No Action" (e.g., a rained-out game), the whole teaser will be graded "No Action" and your money will be refunded.
IF bet
Like a parlay, an 'If' bet links together two straight bets. However, instead of winning the bet being dependent on both of the bets winning, progressing to the second bet is dependent on the first bet winning. If the first bet wins, the second bet is placed; if the first bet loses, the second bet isn't placed. With this type of bet you can increase your betting power while limiting your risk. Additionally, you can place an 'If' bet when you want to place two bets but don't have enough money in your account to cover the second bet unless the first bet wins.
You can choose between two different types of 'If' bets:
Win Only
The second bet is placed only if the first bet wins. If the first bet is graded "Push" or "No Action", or the game is canceled altogether, all wagered money is returned to your Yower account.
Action
The second bet is placed if the first bet wins, is graded "Push" or "No Action", or the game is canceled altogether.
For example, suppose you link the following lines together with an "Action" 'If' bet, and you risk $110:
-
New England Patriots -8 (-110)
-
Buffalo Bills +4 (-110)
If the Patriots lose, you lose $110 and the bet stops. If the Patriots win, the bet on the Bills is placed. If the Bills win as well, you win $200. If the Bills lose, however, you lose $10 ($100 won minus $110 bet). If the bet on the Patriots is graded "Push" or "No Action", or the game is canceled altogether, the bet essentially becomes a single bet (i.e., you bet $110 to win $100 on the Bills).
IF bet Rules
The following rules apply when you place an 'If' bet:
1.You must select two lines to place an 'If' bet.
2.You can't include circled lines, futures, props, quarter lines (1Q, 2Q, 3Q, and 4Q), and fifth inning lines (5inn.) in 'If' bets.
3.You can't combine point spreads and/or moneylines for the same team from the same game, even if the two lines are from different segments of the game.
4.You can combine two of the following lines from the same game:
o Any segment (Game, 1H, or 2H) Over
o Any segment (Game, 1H, or 2H) Under
o Any segment (Game, 1H, or 2H) Team A (point spread or moneyline)
o Any segment (Game, 1H, or 2H) Team B (point spread or moneyline)
For example, suppose the Seattle Seahawks are playing the Dallas Cowboys. You want to combine your bet on Dallas for the first half (1H) with another bet on the same game. As explained above, you can't combine your bet with another Dallas bet for that game (Game, 1H, or 2H); however, you can combine it with one Over, one Under, or one bet on Seattle. The following 'If' bets would be valid:
o Dallas (1H) with Seattle (2H)
o Dallas (1H) with Over (Game)
o Under (1H) with Over (2H)
The following 'If' bets would be invalid:
o Dallas (1H) with Dallas (2H), even if one bet is a moneyline and the other is a point spread
o Over (1H) with Over (2H)
5.You can't combine both sides of the same bet type (point spread, moneyline, or total) from the same segment of the game. Using the example above, the following 'If' bet would be invalid:
o Over (1H) with Under (1H)
6.You must place your 'If' bet before the start time of the earliest event on the ticket.
7.The bet amount for the second leg of the 'If' bet must equal the bet amount for the first leg.
Reverse Bet
When you place a reverse bet, two "Action" 'If' bets are placed for you - one in the original order and the other in reverse order.
The following example outlines a reverse bet.
First part:
· New England Patriots -8 ($110 to win $100)
· Buffalo Bills (-175) ($110 to win $63)
Second part:
· Buffalo Bills (-175) ($110 to win $63)
· New England Patriots -8 ($110 to win $100)
If the Patriots and the Bills both win, you win $163 on the first part of the reverse bet and $163 on the second part, for a total win of $326. If the Patriots win and the Bills lose, you lose $10 on the first part ($100 won minus $110 bet) and $110 on the second part, for a total loss of $120. If the Bills win and the Patriots lose, you lose $110 on the first part and $47 on the second part, for a total loss of $157. If one of the bets is graded "Push" or "No Action", or the game is canceled altogether, and the other team loses, you lose $220. If one of the bets is graded "Push" or "No Action", or the game is canceled altogether, and the other team wins, you win either $126 for the Bills or $200 for the Patriots.
Reverse Bet Rules
The following rules apply when you place a reverse bet:
1.You must select two football, basketball, baseball, soccer, tennis, and/or hockey lines to place a reverse bet.
2.You can't include circled lines, futures, props, quarter lines (1Q, 2Q, 3Q, and 4Q), and fifth inning lines (5inn.) in reverse bets.
3.You can't combine point spreads and/or moneylines for the same team from the same game, even if the two lines are from different segments of the game.
4.You can combine two of the following lines from the same game:
o Any segment (Game, 1H, or 2H) Over
o Any segment (Game, 1H, or 2H) Under
o Any segment (Game, 1H, or 2H) Team A (point spread or moneyline)
o Any segment (Game, 1H, or 2H) Team B (point spread or moneyline)
For example, suppose the Seattle Seahawks are playing the Dallas Cowboys. You want to combine your bet on Dallas for the first half (1H) with another bet on the same game. As explained above, you can't combine your bet with another Dallas bet for that game (Game, 1H, or 2H); however, you can combine it with one Over, one Under, or one bet on Seattle. The following reverse bets would be valid:
o Dallas (1H) with Seattle (2H)
o Dallas (1H) with Over (Game)
o Under (1H) with Over (2H)
The following reverse bets would be invalid:
o Dallas (1H) with Dallas (2H), even if one bet is a moneyline and the other is a point spread
o Over (1H) with Over (2H)
5.You can't combine both sides of the same bet type (point spread, moneyline, or total) from the same segment of the game. Using the example above, the following reverse bet would be invalid:
o Over (1H) with Under (1H)
6.You must place your reverse bet before the start time of the earliest event on the ticket.
7.The bet amount for the second leg of each part of the reverse bet must equal the bet amount for the first leg of each part.
8.The second leg of each part of the reverse bet is placed if the first leg of each part wins, is graded "Push" or "No Action", or is canceled altogether (i.e., they are "Action" 'If' bets).
parlays from the three lines.
First parlay:
· New England Patriots -8
Round Robin
A round robin is a convenient way to create multiple parlays at one time. You can select between three and eight lines and then combine them in parlays of two to six teams. The advantage is that generally you need to hit on only one winning combination to make your money back for the entire round robin.
For example, suppose you are confident in the following three lines:
· New England Patriots -8
· Buffalo Bills +4
· Minnesota Vikings -10
Rather than creating a three-team parlay, you can place a round robin and create all possible two-team Buffalo Bills +4
Risk $5 to win $13 (2.6/1 odds)
Second parlay:
· New England Patriots -8
· Minnesota Vikings -10
Risk $5 to win $13 (2.6/1 odds)
Third parlay:
· Buffalo Bills +4
· Minnesota Vikings -10
Risk $5 to win $13 (2.6/1 odds)
Your total risk amount for the three-team, two-way round robin is $15 to win a maximum of $39.
Round Robin Rules
In addition to the standard parlay rules, the following rules apply when you place a round robin bet:
1.You must select a minimum of three lines and a maximum of eight to place a round robin bet.
2.Depending on the number of lines you select, you can create from two- to six-team parlays.
Buying Points
You can "buy points" on NFL, NCAA football, NBA or NCAA basketball point spreads. When you do, you move the point spread by half a point so that you give away less points with the favorite or get more points with the underdog. In the NFL and NCAA football, the cost of buying half a point depends on the point you are buying onto (i.e., 3, 7 or other) and whether the odds are standard (-110) or off-standard (e.g., -120). There is no such premium in the NBA or NCAA basketball.
Please note that you can buy half a point onto a flat number only (e.g., from +4.5 to +5 or from -4.5 to -4).
Buying Points Rules
The following rules apply when you buy points:
-
Wagers must be placed on the outcome of a single event or game and all standard rules apply.
-
The team you bet on must win by the point spread you have bought.
-
The maximum number of points you can buy is one half.
