Exotic Wagers – All exotic bets are just like placing a straight wager except now you will be selecting multiple horses. The following is a list of exotic wagers:
Quinella choose horses to come in 1st and 2nd place.
Exacta choose horses to come in 1st and 2nd place.
Perfecta choose horses to come in 1st and 2nd place.
Trifecta choose horses to come in 1st, 2nd and 3rd place.
Superfecta choose horses to come in 1st, 2nd, 3rd and 4th place.
Daily Double choose horses to come in 1st place for 2 races.
Pick 3 choose horses to come in 1st place for 3 races.
Boxing – With most exotic wagers you may also box the horses. This means they can come in any order. ie If you bet a $2 Trifecta Box on horses 1-3-7, you win if any combination of 1-3-7 comes out. For example, if 7-3-1 comes out you win! By boxing a wager you are essentially buying a ticket for all the different combinations for the horses you selected. So in the above example the total wager cost would be $12, because there are 6 combinations possible.
Coupled pairs– Sometimes horses are coupled. That is there will be a 1 and a 1A. Most times one of the horses will be scatched, but if they both run, you get them both. So, if you select a horse that is part of a coupled pair (horses 1 and 1A) both horses would be considered as one selection.
If you played 1-3-7 as your trifecta and result was 1A-3-7 you win. Also if one horse gets scratched, you have the other horse regardless of who you selected. ie If you select 1A and 1A gets scratched – you still have the 1 horse.
Horse Payouts – Payouts will be made based on the actual track payout. Usually the Morning Line (ML) listed in any race is just informational and is not used to calculate the payouts.
Single Bets– This is the exact same thing as taking a money-line, all though goals scored in extra times don’t count for betting purposes. In some sportsbooks you will find an “outright winner”, these odds are for bettors that are predicting the game to go in extra-time, by penalties or by the golden goal.
Description of Types of Sport Bets
Straight bets –A straight bet or side bet is where you choose which team will win the game. It can be a money-line (-170, +150, etc), point spread (-4 1/2, +5, etc.) or a rul-line (-1 1/2+25). Usually there will be a 10% juice for booking, unless otherwise noted. For baseball, you bet on which team will win the game outright, because baseball works with money lines, for the exception of run lines. Run lines are the same thing as a point spread. 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 teams score. The side with the higher score after the points are applied is the winner.
Totals – When wagering 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 win all of the individual parts of the parlay need to win for the parlay to be a winner. If you have a tie or a push, the parlay will revert to the lowest number.You can also mix different sports on the same parlay in almost all books.
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. In most sportsbooks gambling online you can tie and it will revert to the lowest number. Teasers are not available for baseball, due to the money line.
Pleasers– A pleaser is a group of 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 bet is moved against your favor by 6 points. If the regular line is -10 and you play a pleaser then your line would be -16.
San Francisco is (-3) over Oakland Miami is (-8) over Dallas
A “Two Team Pleaser” on San Francisco and Miami would be:
San Francisco (-9) Miami (-14)
10 Point Teaser – A 10 point teaser consists of picking 3 teams to win, there are no ties in this type of bet. In Football you will receive 10 points (5 pts. for half-time wagers), and in Basketball you will receive 7 points (3.5 pts. for half-time wagers). *Normally all these type of exotic wagers are not taken on preseasons, all though you might want to talk with a sportsbook representative to find out if it’s available.