• To win the wager, the team you bet on must win the game subject to the point spread.
  
• You can adjust the point spread in your favor by buying points.
  
• The standard odds for a point spread wager are $1.10 to win $1.00 (-110). This can vary slightly at different sportsbooks.
  
• If a game ends in a tie after factoring in the point spread, those games are considered “no-action,” where no money is either won or lost.
  
• A point spread bet is subject to the number at the time you placed the bet.
• If the point spread changes between when you placed the bet and when the game starts, you are subject to the spread at the time you placed the bet.

• The money line you get at the time you make the wager is the line you keep, even if the money line changes again before the game starts.
• A favorite is noted by a minus sign (-), and an underdog is noted by a plus sign (+). 
• Based on a $100 bet, a money line with a minus sign (-) means that you have to bet the amount after the minus sign to win $100.  A money line with a plus sign (+) means that a $100 bet wins the amount after the plus sign.
• A game that ends in a tie is considered “no-action,” where no money is either won or lost.

3. Totals: A totals line refers to the total points scored in a game by both teams. Also called over/under bets, you bet on whether the total amount of points scored by both teams will be higher or lower than the posted number. Here is a summary of totals rules:

• The totals line you get at the time you make the wager is the number you keep, even if the totals line changes again before the game starts.
• The standard odds for a totals wager is $1.10 to win $1.00 (-110).  This can vary slightly at different sportsbooks.
• A game that ends with the total points scored by both teams being equal to the number wagered on is a tie and considered “no-action”, where no money is either won or lost.
• You can adjust the totals line in your favor by buying points.

1. Quarter Lines:  Quarter lines permit you to wager on the first, second, third and fourth quarters alone for both football and basketball games.  These lines are typically posted at the end of the previous quarter played and any bet on any particular quarter is subject only to the results of that quarter.  Here is a summary of Quarter line rules:

• Quarter line bets are figured the same as straight bets and pertain only to the quarter wagered on.
• Overtime periods are not an extension of the fourth quarter.
• Any quarter bet must have the full quarter completed in the game or the bet is considered “no action” and no money is either won or lost.
• There is no buying of points, teasers or parlay bets available with quarter line bets.

2. Half-time Lines:  Similar to quarter lines, half-time lines permit you to wager on the first or second halves alone of basketball and football games.  First half lines are typically posted along with the full game spread before the game begins, and half-time lines are typically posted immediately after the conclusion of the second quarter.  Here is a summary of half-time line rules:

• Half-time bets are figured the same as straight bets and pertain only to the half wagered on.
• Overtime periods are not an extension of the second half.
• Any half bet on must be completed or the bet is considered “no action” and no money is either won or lost.
• There is no buying of points or teaser bets available with half-time line bets.

• When there is a tie or “no action”, the parlay wager reverts back to the next lowest payout with a two-team parlay moving to a straight wager payout.
• Any parlay that uses money lines (or European pricing) are paid out according to the odds of the individual selections.
• You are not allowed to bet on connected events with a parlay wager.  For example, you cannot bet on Denver to win the AFC Championship game for one leg of your parlay as well as Denver to win the Super Bowl as the other leg of your parlay.   Both games are part of the same NFL playoffs and are connected.  Another example would be that you cannot bet on the first half total of a basketball game as one leg and also bet on the full game total as the second leg of your parlay because the two are connected.

• Teaser bets are comprised only of point spreads and totals and you may not buy additional points.
• The payout odds are determined by the number of teams selected and the number of points selected for the teaser.
• Any tie or “no action” coupled with either a win on a two-team teaser makes that bet “no action”, and no money is either won or lost.
• For a three-team or more teaser, any tie shall revert the wager back to the next lowest betting bracket.  As an example, a tie on a four-team teaser reverts back to a three-team teaser.

• 3-team, 10-point teaser odds – 10/12.  Ties lose and no totals or opens allowed.
• 3-team, 7-point basketball teaser odds – 10/12.  Ties lose and no totals or opens allowed.
• 4-team, 13-point football teaser odds – 10/14.  Ties lose and no totals or opens allowed.

• Typically at most sportsbooks, one If Bet can contain anywhere from two to seven individual bets.
• If Bets must be placed before the start of the earliest event on the ticket.
• If Bets are not required to be in the order of each bet’s starting time.
• Each sportsbook sets the house limit for If Bets and can vary from sportsbook to sportsbook.
• Each bet after the initial bet uses the amount of the first bet.

There are two types of If Bets:

If Win:  The bettor chooses the order of each bet in the sequence.  The first bet is always placed and each subsequent bet is then placed only if the previous bet was a winner.  In the event that any bet in the sequence loses, ties, or is no-action, then all subsequent bets in the series are considered no action and the ticket is complete.

If Action: The bettor chooses the order of each bet in the sequence. The first bet is always placed and each subsequent bet is placed only if the previous bet is a winner, no-action or is a tie game. In the event any bet in the If Action wager series loses, then all subsequent bets in the series are considered no action and the ticket is complete.

Here is an example of an If Win bet. On December 1st you place an If Win bet of $100 for the Broncos to beat the Raiders on December 6th. You then pick the Giants to beat the Falcons on December 5th. The December 6th Broncos game turns out to be a winner, so at this time the second half of the If Bet is placed on the Giants/Falcons game that took place the prior day on the 5th using the original bet amount of $100. The second bet is placed even though it has already taken place the day before and is a loser because the Falcons won that bet. The first half of your If Win bet is a winner but the second half is a loser. Because you placed your bet on December 1st prior to Giants/Falcons game you were able to bet on both games and at the same time ensured that your preferred bet on the Broncos game was placed, even if the Giants game had already lost. Again, these bets can be helpful to the bettor that wants to limit their risk to the first bet amount, yet also provides an opportunity to make the second bet with the same amount as the first as long as the first bet was a winner.