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Types of Sports Bets
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.
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.
Parlays - A parlay is a group of straight bets or totals combined into one bet. For the parlay to be a winner, all of the individual parts of the parlay need to win. You can mix different sports on the same parlay.
Open-parlays are available for phone wagering. In this option you may choose to leave one or more selections in your parlay "open". You can call at a later time to fill in the spots on that parlay if it is still pending (no losers on the parlay).
Teasers - A teaser is a group of straight bets 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. Teasers are not yet available for baseball or hockey.
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) |
If-Bets (Win Only)
An If-Bet is a wager that carries over to a second team if the player wins on his/her initial selection. For example, the player has to wager a fixed amount on one selection. If that selection wins, then another fixed amount, up to the payout amount of the subsequent wager, can be placed on a new selection.
The player must win his/her first wager in order to continue the action on the remaining wagers. 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 selections, the total risk amounts deducted at the time of the placing an If-Bet may exceed the amount of the initial selection. This risk increase is to due 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) except action is taken on same team if team wins OR PUSHES in initial wager up to the original amount.
| 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.
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Rolling If Bets
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 on an event that is in progress or it can be a wager on an event that has yet to begin. The pending wager can not be an existing IF Bet, Reverse, or any play with
an open leg (Parlay or Teaser), or any Horseplay or a Free Play. You can
only make a RIF from a Straight Bet, a Teaser or a Parlay.
How to place a RIF
Once logged into the sportsbook, select Straight, Parlay or Teaser from the sportsbook-wagering menu. The RIF is only available if you select one of these menu items.
Make your Straight, Parlay or Teaser selections.
Once you have made your wagering selections, a wager a screen will appear and display the “show Rolling-If Bet options” button.
After selecting the Rolling If-Bet Options a window showing all of your eligible pending wagers will display:
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) 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, you can only use the amount you are laying 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, the amount available for the RIF is the amount you lay, plus any winnings. If you lay an amount greater than this amount on your RIF, to assume that all entries will win, you will have no action on the RIF.
"RIF Wagers" & "Filling in spots on open-parlays" cannot be done when attempting to attach a team from the same series to a previous winning selection from that series. This includes: baseball selections from the same 3 or 4 game series, NBA playoffs, NHL playoffs, or any other event played in a series of games. A choice had to be made with the setup to either offer series winner prices in parlays or completely block series prices in all parlays in order to allow wagers from the same series to be hooked in RIF and open-parlays. This decision is final and will not be changed.
Round Robin
Easily turn your parlay or teaser into a Round Robin. A Round Robin bet is a
method to box a parlay or teaser. 5Dimes 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, select Parlay or Teaser from the sportsbook-wagering menu. The Round Robin is only available if you select one of these menu items. Make your Parlay or Teaser selections.
Verify your selections. Below the selections, you may change your “Single Parlay” into your desired “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.
To check the status of your wager, simply click "Pending Wagers" in the 5Dimes toolbar.
Reverses
A reverse bet is a series of IF bets going both forward and in reverse order. Each team included in the reverse bet will pair with the other team in order to form two IF bets.
| 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).
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