Sports Betting Guide - Sportsbookchief
Sportsbookchief offers a large variety of wagers on all major sports and horse racing. This guide is to help you understand the different wagers available and how to place wagers on all your favorite sporting events.
Example:
| Jets |
39 |
+140 |
| Steelers |
-3 |
-160 |
Point-spread
Football is most commonly wagered on using a point-spread. In our example the Steelers are a 3 point favorite over the Jets. If you wagered on the Steelers, you are laying or giving up 3 points. The Steelers must win by more than 3 points to win the wager. If the Steelers win by exactly 3 points, the game is a push or tie and wagers on either side are refunded. A wager on the Jets would payoff if they won the game or lost by less than 3 points.
Totals
The total in our example is 39. You may wager on the combined score for both teams is over or under 39 points. Again, it doesn't matter who wins the game when wagering on a total. In point-spread and totals wagering, both payoff at 10/11, unless otherwise stated. On winning wagers the bettor wins $10 for every $11 wagered. If you wager $220 on the Jets and you win, you would collect $420, the $220 you wagered and the $200 in winnings.
Money-lines
Money-lines are available on most NFL games. Just as in baseball, a money-line is simply picking the winner of the game. In our example, $160 wagered on the Steelers would return $260 if they win. The $160 that was wagered and the $100 in winnings. A $100 wager on the Jets would return $240 if they won. The $100 that was wagered and the $140 in winnings.
Parlays
You may select from 2-10 teams in a parlay. All selections must be winning wagers to collect on a parlay. If one or more selections are ties, the parlay would be reduced down by the number of ties. For example, a 2-team parlay with the Steelers -3 and the over 39 for $100 and the Steelers win 23-16. The Steelers -3 would be a winner and the over 39 would be a push or tie. If one team in a two team parlay ties, then it will reduce to a straight wager paying 10/11. Also see our Limits and Payoffs for all Parlay and Teaser payoff tables.
Teasers
You may select from 2-6 teams in a teaser. Sportsbookchief offers 6, 6 ½ and 7 point teasers. A teaser allows you to add 6, 6 ½ or 7 points to an underdog or subtract 6, 6 ½ or 7 points from the favorite. We also offer a special 3-team 10 point teaser. If a point spread has money line of -120 or greater, all teasers revert to the next half point higher. Ex: -7 -120 would be teased from -7½.
Buying Points
The bettor may adjust a point-spread wager in their favor by ½ point or a full point by laying an additional 10 cents per half point. To move "on" or "off" a 3 in the Pros costs an additional 25 cents and in College an additional 20 cents. To move "on" or "off" 7 costs 15 cents in both Pro and College.
Halftimes
New point-spreads are established at halftime for wagering on the second half of all NFL and nationally televised NCAA games. Halftime wagering includes overtime.
BASKETBALL
Example:
Point-spread
Basketball, like football, is most commonly wagered on using a point-spread. In the example, the Knicks are a 6 point favorite over the underdog Celtics. The Knicks would have to win by more than 6 points to cover the spread and win the wager. The Celtics could lose by less than 6 points and still win the wager. Basketball wagers win $100 for every $110 wagered for a return of $210.
Totals
Basketball totals require the bettor to select whether the combined score of both teams will be over or under the point-spread, in this case 181 points. The payoff for totals is 10/11 unless otherwise stated.
Teasers
Sportsbookchief offers 4, 4 ½ and 5 point basketball teasers. See Limits and Payoffs for complete payoff tables. We also offer selected Money-lines, Halftimes, Parlays, Futures and Season wins. Refer to the football section for a more detailed explanation of these wagers.
BASEBALL
Example:
| Yankees |
R. Johnson |
+145 |
7 ½ |
-105 |
+1 ½ |
-105 |
| Red Sox |
C. Shilling |
-155 |
7 ½ |
-125 |
-1 ½ |
+135 |
Money-Line
The most common wager in baseball is the money-line. The money-line is simply selecting the winner of the contest. In the example listed above, the Red Sox are the favorite and are playing against the underdog Yankees. If you wager on the Red Sox, you would have to risk $155 to win $100. If the Red Sox win, a $155 wager on them would win $100, for a return of $255. If the Yankees should win, a $100 wager on them would win $145 for a return of $245. The amounts in the example are to illustrate the rate of return, you determine how much you want to wager. Money-lines can be used in any sport, but are most popular in baseball.
next