Types of Bets a Pay Per Head Offers: Exotics, Parlays, Teasers, If-Bets, More

Written by:
Aaron Goldstein
Published on:
Aug/19/2015
Types of Bets a Pay Per Head Offers: Exotics, Parlays, Teasers, If-Bets, More

Most sports bettors like to place more than just straight wagers.  Pay Per Head businesses can offer all types of bets that a typical bookie may not be able to on his or her own.

In addition to live in-progress wagering, sites like RealBookies.com offer half time and quarter bets, exotics, parlays, teasers, pleasers, if-bets and more.

Parlays combine a group of teams together in the hope that they all win with the payout odds increase based on the number of teams in your parlay.  There is a parlay payout table available for players to take a look at, but just to give you an example, a four-team parlay will return 11-to-1, while a “five-teamer” pays off at 22-to-1 odds.

Teasers operate much like a parlay, except that you get to move a certain number of points in your favor for every event that is in the teaser, in order to improve your chances of winning. So if you have a six-point teaser on two teams, you are going to move those points wherever you want. To use an example, if you have the Cowboys at -6 and the Raiders at +6, and you wanted to put them into a two-team, six-point teaser where you like Dallas and Oakland, you could then have the Cowboys at pick’em and the Raiders at +12. If you win, you’ll be paid at -110.

Pleasers are not as common. They are essentially opposite of a teaser. Instead of moving the line a certain number of points in your favor, you are moving the line away from you.  There is more money won with a pleaser than with a teaser.

If-Bets act as a group of bets, but the action will only go further if each succeeding wager wins. So if you are betting the 1 PM NFL game, then a 4 PM game, then the night game, then the Monday game, put together in an “If-Bet” scenario, you must win the 1 PM game first. If you don’t, it’s over.

Reverse – This is also known as an “action reverse,” and it is a series of two or more “If-Bets” that work going in both directions. You have two different sequences, and you are laying down the same money for each sequence.

In the reverse bet, the second bet listed will only go forward if the first bet wins. Because of the nature of the payouts, the customer can limit his risk for the opportunity to win nicely just by hitting both teams. If you bet horses, it’s not much different than betting an exacta. If you hit both, you’re going to do well.  Chronology doesn't have to necessarily be a factor when placing the If-Bet. They are in your own order of preference. So you might even be waiting for a later game to end and the result to be in the books for the bet on the earlier game to have any meaning.

In the reverse bet, the second bet listed will only go forward if the first bet wins.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Cryptocurrency Prices Drop: Big News for Ripple

Cryptocurrency Prices Drop: Big News for Ripple

Bitcoin witnessed a bit of a plunge over the past 24 hours, down 16.72 percent from the recent high of $11,958 just 48 hours ago.

Free Bitcoins? Cryptocurrency Exchange Lands in Hot Water Again

A blunder at a Japanese cryptocurrency exchange let investors briefly buy bitcoins for free - though none were able to profit from the mistake.

ICOs Have Raised $2 Billion This Year Mostly From Private Sales

2017 was a banner year for ICOs - Initial Coin Offerings - with $5.7 billion raised, but as Bitcoin.com News reports, the general public now finds itself left out in the cold moving forward in 2018.

Bookies: End of Football Season Doesn't Mean End of Taking Action

Bookies: End of Football Season Doesn't Mean End of Taking Action

For North American bookies, the high season of taking action is during the NFL and College Football season. That is when their player counts are at their highest for the year, and when betting volumes are at their highest.

Henderson’s Skyline Casino Called into Question over Staff Changes

As reported by the VegasInternationalHotel.com earlier this month, the owners/operators of Henderson Skyline Casino might have gotten themselves in a bit a jam with the Nevada Gaming Commission for the failure to report recent additions and departures of some of its employee staff to gaming regulators. 

Syndicate