There are many different football betting options one can
try at a sportsbook. Before you make that bet at a
casino or on the internet you need to know all your
football betting options. You have overs and unders,
teasers, straight bets, parlays, as well as Round Robins.
Each of these bets have different costs as wells as
different payouts. It is in one’s
best interest to know all your options before making a bet.
The straight bet is more of a long haul type of bet. You
are not going to rack up the big dough right away but over
time, it will add up. The parlay bet is more of hope for
bigger payouts quicker. These are more of a weekly bet. The
teaser bet can be used in several ways. You won’t make
a ton on teasers because the payouts are lower but they are
a good way of “hedging” your bet.“Hedging” will
be explained in more detail later. Finally, the round robin
bet is a mix of straight bet payouts and parlay payouts.
They can keep you in it for the long haul or can be a real
quick payout. The following explanations should help you
make the right choice and hopefully you will find a football
betting option you really enjoy.
Straight
Bet
The first and easiest football betting option is the
straight bet. Let me rephrase that, making the bet is
simple, picking which bet you like is even simpler if
you have the right picks or knowledge. The straight bet
is exactly like it sounds...straight. You find a team
or an ver/under you like and you just bet that. It’s a one-team bet.
For example, you like the Bengals -5 over the Texans. You
would go down to the casino or make an Internet bet and
tell the Sports book you would like 50 units on the Bengals.
If they cover, you will receive you original bet back plus
another 45.5 units. Same thing goes if you like an over/under.
Say you like the over
in the Chief’s game, which is 50. You would make the same bet as you
would have with the Bengal’s game and the payout is the exact same. The
straight bet is a betting option where you are in it for the whole season.
This isn’t the biggest moneymaker bet books have to offer. This is a
bet where if you stay in it for the long haul, the profit will eventually start
to show. Most handicappers choose this betting option. Turn your betting options
into money with thehooks 60% guarantee.
Money
Line
This football betting option is a lot like the straight bet with just
a little twist. When you bet a football game on the money line, this
involves a simple bet on the true winner of the game without a point
spread. Lets go back to the example we used in the straight bet. In the
straight bet, we liked the Bengals –5 over the Texans. With the money line bet, we could
make two choices. We could bet that the Bengals are going win the game
or the Texans are going to win the game. No point spreads, just win the
game! That is called the money line bet. There is a difference between
the two choices though. If you decide to bet on the favorite, you must
bet more than you stand to win. The reason for this is you are taking
away the point
spread and making it easier to win the bet. If on the other hand, you
decide to choose the underdog, you are saying the underdog is going to
win the game not just cover the spread. In this case, you stand to win
more than you bet.
Parlay
The next football betting option is the parlay. Easy to
do, a little harder to win. The parlay is a way to
bet multiple games with the hope of a big payout at
the end if all of the games win. The point spreads
for the games are just the same as the straight bets
so nothing changes there. For example, say you like
the Dolphins +2 against the Eagles and the over in
the
game at 37. You would go to the sports book and tell them parlay and
the Dolphins and the over for 50 units. If both bets cover you will
receive your 50 units back plus an additional 180 units. A much bigger
payout than the standard straight bet but again, a little harder to
win. If just one game doesn’t win or
draw you lose the whole bet, that’s why it's considered a little
harder. With a parlay, you can bet more than two bets. Two bets is
the minimum and depending on the casino the maximum amount of bets
will range from 5 to 8. Of course with the more teams you bet, the
higher the payout. Here are a few of the payouts. For a three-team
parlay, the payout is 6 to 1 plus you original bet. That means if you
put 50 units on three different teams or over/under you would get back
300 units plus your original 50. For a four-team parlay, the payout
is 10-1 plus your original bet. For a five-team parlay, the payout
is 20-1 plus your original bet. Of course, the more teams you add the
harder it is to win. The parlay is a quick way to a big payout if you
have the right knowledge and picks.
Teasers
After the parlays, the next football betting option would
be the teasers. Teasers are just like parlays since
you choose multiple games and have to win them all.
Teasers are bet the same way as parlays except you
will get more points for your bet. There are a couple
types of betting options for teasers with football.
Usually, depending on the casino, there are 6-point
teasers and 7-point teasers. You may be thinking to yourself if these
are any good. You will get two separate responses for this. For college
football, people don’t believe they are any good because the games are usually blowouts
and an extra 7 points won’t do me any good. For pro football, people
seem to enjoy the teasers and the extra points they receive because pro games
tend to be a bit closer. Here is an example of a teaser bet: Say you like the
Raiders to win this week over the Bills but you don’t think they would
cover the spread of –7. So, you would like to do a 7 point teaser and
now you have the Raiders as a Pick em’. Of course you would
have to add at least two more teams to make the bet. Again, a teaser
is bet the same way as a parlay, you need more than one team to make
the bet. Another thing to remember with a teaser is you can bet both
the favorite and the underdog of the same game. Lets go back to the
Raiders example: Raiders -7 over the Bills. On a 7 point teaser,
you could take the Raiders as a Pick em’ and the Bills as a 14 point underdog. You could win both ways. People
enjoy the teasers for other reasons as well such as“hedging a bet.” Lets
say you have a 100 unit 5 team parlay going into the Monday night game. You
have already hit 4 teams and if the fifth team hits you are looking at a 2000
unit payout. But you want to make sure you win something. If that fifth team
doesn’t cover the spread, there will be
no payout. So this is where you would “hedge your bet.” You
could also“hedge” with a straight bet as well but a teaser
is a better way to go.“Hedging” means betting on the
opposite team than your original team on your original bet. This
way, you are insured of winning something no matter what. The only
time you would want to “hedge” is when
it is with a parlay. Some people may find it strange to bet against
your original bet, but the only difference between you and them is
you will be walking out with units in your pocket using this betting
option. The only draw back to a teaser off the board is you cannot
do the over/under. You can do over/under teasers off a card but we
will get to those later on in the article. You may think this is
a great bet receiving extra points but the player ends up paying
for these points in the end in the form of lower payouts than on
the parlay. This is not a betting option where you want to make bad
picks with a lower payout.
Round
Robin Parlays
The round robin is a form of the parlay football betting
option. With the round robin you would bet just like a
parlay only now you are combing all your teams. This can
be confusing to someone one at first, but once you do it,
it is one of the best betting options out there. The reason
this is a good football betting option is because you do
not have to win all the games
to win at least some of your money back. Of course you have to
hit all the games to win a big payout but if you hit a few of the
games, you could just win your money back or even a little profit.
A round robin parlay consists of two to eight teams. When you pick
the amount of teams you want to bet, they are broken down into
two team parlays. Before all the confusion starts, let me explain:
Lets say you want to bet a 3 team round robin. Your bet would consist
of 3 teams. For this quick example, lets call the teams, team 1,
team 2, and team 3. I’ll get into a better example when we start talking betting
units. A 3 team round robin is team 1 and team 2 (two team parlay), team 1
and 3(two team parlay), and team 2 and 3 (two team parlay). Each team is parlayed
with each other only once. Realize that each parlay is a bet. The more teams
you bet, the more parlays you have and the more it is going to cost you.
Now,
here is your full 3 team round robin betting option example: Let’s
say you want to bet 100 units on a three-team parlay. That will come
out to be 300 units because of the three different parlays.
Here are
the teams you want to bet:
Panthers –1 Rams –10 Patriots –2
If
all three teams hit this is how your payout would look:
Panthers and
Rams 100 unit bet to win 260 Panthers and Patriots 100 unit bet
to win 260 Rams and Patriots 100 unit bet to win 260
Your total bet
was 300 units and if all three win, you would win 480 units
plus your original 300 for a total of 780.
Now lets say only two of the
teams covered their spread:
Panthers and Rams 100 unit bet to win 260
Panthers and Patriots 100 unit bet
no win Rams and Patriots 100 unit bet no win
Your total football bet
is still 300 units and you’ll cash out 260 total.
So in actuality, you would only loose 40 units. That is the difference
between a round robin and a regular parlay, that chance of hitting
two out
of three and just losing a little bit.
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