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 betting option you really enjoy.
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 over/under you like and you just bet that. It’s a ufa700 -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.
The money line 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.
The next 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.