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
