What Is a Parlay?

A parlay is a wager type in which multiple bets are linked together to create a greater payout. It’s
treated as one big bet, so every game within the parlay must win for the bet to win.

A sportsbook will give you bigger and bigger payouts for adding more games to your parlay.

Example: Say you think both the Packers (+4) and Ravens (-6) will cover their spreads on an NFL Sunday.

Instead of risking $10 to individually bet them, you can parlay them together and risk $10 for a payout of
about 2.65-times your bet.

The only way to win is for both teams to cover, if not, the bet is considered a loss as soon as one leg of
your parlay has lost.

Parlays can also consist of more than two teams, with the same rules applying. If only four teams in a
five-team parlay cover, for example, it would be considered a loss, just the same as if only one of the
five covered.

If all five covered, however, the payout would be awfully high!

PLACING A TEASER AT AN ONLINE SPORTSBOOK

Placing a teaser at an online sportsbook might be the easiest way to make this kind of wager. A teaser
can be made simply by selecting the teams and totals, selecting “teaser,” and choose how many points
to tease.

Online teaser cards make the process even more simple. The teaser card will show the adjusted point
spreads and totals for each card. The player simply chooses between two and eight sides or totals then
selects how much they’d like to wager. Just enter “submit” and confirm the bet. That’s all it takes to bet
a teaser online.

TEASER PAYOUTS

Once a bet is placed, the odds paid remain fixed no matter what computer system a sportsbook uses.
Teaser payouts are smaller than traditional parlays.

For example, a two-team point spread parlay might pay 2 to 1 odds if both events are winners for the
player. Meanwhile, a two-team teaser might pay -110 if both events are winners.

The more points used to tease lines, the less the payout will be. A six-point teaser might return 10-11,
while a 6.5-point teaser only returns 10-12, and a seven-point teaser returns 10-13.Actual pay schedules
vary by teaser type and sportsbook. Check the pay schedule before placing a teaser or any other bet.
Over & Under Betting

An over–under or over/under (O/U) bet is a wager in which a sportsbook will predict a number for a
statistic in a given game [1] (usually the combined score of the two teams), and bettors wager that the
actual number in the game will be either higher or lower than that number. [2][3] For example, in Super
Bowl XXXIX, most Las Vegas casinos set the over–under for the score of the game at 46.0. A bettor could
wager that the combined score of the two teams would be either more than or less than that number.
Since the combined score of that game was 45, anyone who had bet on "under" won. The bet is called a
push if the actual number exactly equals the over-under, in which case all bets are refunded.

What Is A Moneyline Bet? — Wager Explainer

A moneyline bet is the simplest and most straightforward wager in all of sports betting. It is a bet that
has potentially two or three outcomes depending on the sport. When there are two players or teams
listed on a moneyline bet, bettors are choosing one player or team to win.

In the case of soccer (European football) or a boxing/MMA fight, moneyline bets could also have a third
option, which is a “draw,” in which there is no winner or loser. Some sportsbooks will offer a draw as an
option on a moneyline bet, some will offer what is called a “Draw no bet” option in which only a winning
player or team can be chosen, but not a draw outcome. When bettors correctly choose an outcome, a
sportsbook will pay the odds due the bettors.

What makes the moneyline a simple and straightforward bet is the lack of a point spread. All bettors
have to do is a pick a winning side — or team or specifically a draw in a soccer/European football match
or boxing/MMA fight if a draw is offered as an option. “Just win, baby” to quote the late, great Raiders
owner Al Davis.