New to Sports Wagering? Not sure how a particular sports bet works? Well you have come to the right place! Below you can read up on specific types or bets or terms to get you started. If you still have questions please feel free to register in our forum and ask any and all questions you might have. Enjoy!
• Sports Wagering Terms
• What is a Straight Bet?
• What is a Parlay?
• Parlay Calculator
• What is a Round Robin?
• What is a If-Bet?
• What is a Reverse?
• What is a Teaser?

Round Robins

In Round Robins you can mix several sports. A round robin is a wager in which you may select 3 to 8 teams and all possible combinations of 2 or 3 team parlays are made from the selections. To place this wager you must decide on your selections and the amount you want to risk for each parlay. To figure out your total risk, multiply the number of teams by the number of teams -1 and then divide that number by 2. So if you selected 3 teams the total number of individual parlays would be 3. You then decide to risk $100 (U.S.) on each parlay making your risk $300 (U.S.) to win a maximum of $780 (U.S.). Round Robins containing 3 team parlays must be from 4-6 teams.

If Bets

If bets are a chain of conditional straight wagers based on two possible conditions: If win (single action) and if win, tie or cancel (double action). In the first case, single action, the bettor will have action on the next wager in the chain only if the first one wins and so on down the chain. In double action the player will have action on the next bet and so on if the first bet wins, ties or cancels. If bets can contain 2 or 3 selections and you may leave no open spots. All wagers must be placed in one call and the amount must be the same or lower than the one before it. This wager will be graded as soon as all its picks are finished. This bet lets the player have action on a multiple number of games with minimal risk. You can buy up to 3 points per pick on if bets. This wager will be graded as soon as all its picks are finished.

Reverses

Reverses are offered in major sports. A reverse is a wager on all the possible combinations of a 2 team, double action, if bet with the option to pick 2 or 3 teams. Example of a 2-team reverse: Cowboys +7 110/100 Rangers +125 100/125 This means that there are 2 if plays on this play: Cowboys +7 110/100 if wins, ties or cancels Rangers +125 100/125 And Rangers +125 100/125 if wins, ties or cancels Cowboys +7 110/100 The highest risk on the two straight bets is $110 (U.S.). The total risk of the reverse is $110 (U.S.) x 2, in other words, $220 (U.S.). The maximum win would be $450 (U.S.)

Teasers

A teaser is a wager played on football and basketball full games only, in which you can have from 2 to 7 teams. You get to move the point-spread or the total a certain number of points in either direction always to your advantage. The payoff odds for teasers depend on the number of points and the number of sides or totals chosen. At Gibraltar Sports you can play two types of teasers, Vegas and Special. The odds for these are as follows:

FOOTBALL SPECIAL TEASERS 3 Teams 10 Points Lay 12/10 4 Teams 13 Points Lay 13/10

BASKETBALL SPECIAL TEASERS 3 Teams 8 Points Lay 12/10 4 Teams 10 Points Lay 13/10

FOOTBALL VEGAS TEASERS 6 points 6 1/2points 7 points 2 Teams Lay 10/11 10/11.5 10/12 3 Teams Pay 8/5 3/2 7/5 4 Teams Pay 5/2 2/1 9/5 5 Teams Pay 4/1 3/1 5/2 6 Teams Pay 6/1 5/1 4/1 7 Teams Pay 7/1 6/1 5/1

BASKETBALL VEGAS TEASERS 5 Points 5 1/2 Points 6 Points 2 Teams Lay 10/11 10/12 10/13 3 Teams Pay 8/5 3/2 7/5 4 Teams Pay 5/2 2/1 9/5 5 Teams Pay 7/2 3/1 5/2 6 Teams Pay 5/1 4/1 3/1 7 Teams Pay 6/1 5/1 4/1

RESTRICTIONS:

Vegas Teaser

*In a two team mix point teaser, a push and a win is considered no action. A push and a loss is considered a loss. No open spots.

Special Teaser

*You must have at least one side on all special teasers. *You may mix football and basketball sides and totals. * A tie and any win will result in a push (no action) * A tie and any loss will result in a loss. * A loss and an open spot will result in a loss. * In a basketball or mixed Special Teaser a tie and any win will result in a loss.

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