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GAMBLING GLOSSARY
Casino Glossary
SportsBook Glossary
RaceBook Glossary
Wager Types & Payoffs

Straight Bets
A wager on a game or event in which a team (or total, player, etc.) is selected to win against the point spread, odds or a combination both.

Point Spread (i.e., football, basketball, hockey- puck line): If ll, football/hockey- money line, golf, tennis, futures, horses, auto, boxing, soccer): A wager on the selection to win outright (no point spread).

If the odds are positive (+), then the payoff is calculated by multiplying the wager times the odds (e.g., if you wager $50 and the odds are +120, the payoff is: $50 x 1.20 = $60).
If the odds are (-), then the payoff is calculated by dividing the wager by the odds (e.g., if you wager $55 and the odds are -110, the payoff is $55 / 1.1 = $50).

Point Spread with Odds (i.e., golf matchups): A combination of the two above. The selection must win by the point spread, and the payoffs are calculated by the odds.

Wagers on second half lines include overtime for Football and Basketball.

Parlays
A parlay is a group of straight bets 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. You can mix different sports on the same parlay. Two or more straight bets combined together to make one wager. If all teams in the parlay win, the parlay is a winning bet. If any team included in the parlay loses, the parlay is a losing bet. If a team in the parlay ties or is "no action," the parlay's number of teams is reduced by one; a tie on a two team parlay become a straight bet.

Parlay payoffs are the following:.

# OF TEAMS
PAYOFF
2
13/5
3
6/1
4
10/1
5
20/1
6
40/1
7
1/75
8
1/150
9
1/250
10
1/400
11
1/500
12
1/600
13
1/750
14
1/900
15
1/1200

*** MAXIMUM PARLAY PAYOUT IS $75,000

Teasers
A teaser is the same as a parlay in which additional points are either added to the underdog or subtracted from the favorite (e.g., if the regular line on your selection is -4 and you have a 6 point teaser, then your line would be +2).

A two team teaser with a tie and a win, or a no action and a win is considered a push and your wager amount is refunded to your account.

Football Teasers: 6 pts, 6½ pts, 7 pts.
Basketball Teasers: 4 pts, 4½ pts, 5 pts.

Teaser payoffs are the following:

# OF TEAMS
6 point
6 1/2 point
7 point
2
100/100
110/100
120/100
3
100/170
100/160
100/150
4
100/280
100/250
100/200
5
100/425
100/400
100/350
6
100/600
100/550
100/500

Monster Teaser (3 teams only)
Football Monster Teasers
: 10 points
Basketball Monster Teasers: 7 points

Super Monster Teaser (4 teams only)
Football Monster Teasers: 13 points
Basketball Monster Teasers: 10 points

ALL TIES LOSE!

# OF TEAMS PAYOFF
3 120/100
4 130/100

**NEW- Pleasers (phone only)

Pleasers are similar to a teaser, only you give, versus receive additional points;  additional points are either subtracted from the underdog or added to the favorite (e.g., if the regular line on your selection is -4 and you select a pleaser, then your line would be -10).

Pleasers are currently only available on NFL side straight bets combined with additional NFL side bets.  

Other Pleaser Examples:

    Odds:
    Dallas is (-3) over Washington
    Pittsburgh is (-8) over Cleveland

    A "Two Team Pleaser" on Dallas and Pittsburgh would be:
    Dallas (-9)
    Pittsburgh (-14)

    A "Two Team Pleaser" on Washington and Cleveland would be:
    Washington (-3)
    Cleveland (+2)

Pleaser payoffs depend on how many teams are in your wager.  Payoffs are shown in the table below. If there is a tie in one or more of your individual parts then the wager steps down to the next lowest number of teams.

A 2 team pleaser with a tie and a winner pays even money.
A 2 team pleaser with two ties is a push.

# OF TEAMS
PAYOFF
2
6/1
3
17/1
4
45/1
5
120/1
6
300/1

**NEW**--IF BETS

An "IF" wager allows the client to make a second wager, pending a win, loss or tie on the first selection. "IF" wagers must be made on the same call, with the second part of the "IF" wager not exceeding the amount of the first selection.
There are four types of "IF" wagers: IF win only, IF win or tie, IF lose, IF lose or tie.

For example: San Diego +3 $110 to win $100 IF WIN OR TIE then Oakland -2.5 $110 to win $100.

If the Chargers lose, the wager is over and the client loses the $110 bet on SD +3. If the Chargers win or tie, then the wager continues on to the Raiders wager. If the Raiders win, the client wins a total of $200. If the Raiders lose, the client only loses $10.

REVERSE IF BETS

A Reverse IF bet is a double action IF bet, a two part wager.

For example: Dallas -7 $110 to win $100 IF WIN then Miami +4 $110 to win $100.

With a Reverse IF bet, the client has Dallas -7, and if that wins, the client will also have Miami +4, AND the client has Miami +4 and if that wins, the client will have Dallas -7. It is basically a two sided IF bet.

**NEW**--ROUND ROBINS

A Round Robin is a combination of 2 team parlays involving 3 or more teams.

For example: Carolina +7, St. Louis -9, and Green Bay -4

Carolina +7
Green Bay -4
Green Bay -4
St. Louis -9 100/260
St. Louis -9 100/260
Carolina +7 100/260

The client is risking $300 to win $780.


Limits

Wagering limits are the following (any wagers above the amount below are subject to approval by Islandcasino.com management):

SPORT

STRAIGHT BETS PARLAYS/TEASERS FUTURES
Side Max* Total Max* Min** Max* Min** Max* Min**
FOOTBALL
NFL
Game $5,000 $3,000 $10 $1,000 $1 $1,000 $10
1st/2nd Half $3,000 $1,000 $10 $1,000 $1 n/a n/a
College
Game $5,000 $3,000 $10 $1,000 $1 $1,000 $10
1st/2nd Half $3,000 $1,000 $10 $1,000 $1 n/a n/a
BASKETBALL
Game $5,000 $2,000 $10 $1,000 $1 $1,000 $10
1st/2nd Half $3,000 $1,000 $10 $1,000 $1 n/a n/a
WNBA $1,000 $250 $1 n/a n/a
BASEBALL $3,000 $1,000 $10 $1,000 $1 $1,000 $10
NHL $2,000 $1000 $10 n/a n/a $1,000 $10
GOLF $1,000 n/a $10 n/a n/a $1,000 $10
TENNIS $1,000 n/a $10 n/a n/a $1,000 $10
HORSE RACING $250 n/a $2 n/a n/a $1,000 $10
AUTO RACING $1,000 n/a $10 n/a n/a $1,000 $10
BOXING $1,000 n/a $10 n/a n/a $1,000 $10
SOCCER $1,000 n/a $10 n/a n/a $1,000 $10


Any parlay including at least one WNBA game has a limit of $250

*For Internet wagering, the maximum wager per ticket is $1,000 on straight bets and $250 on parlays and teasers, but multiple tickets may be placed to reach the limits listed above.
The maximum wager on a circled game is $500.
**For telephone wagering, the minimum wagers are $50 on straight bets and $25 on parlays/teasers.

For overnight lines, maximum bet is $500


Scored Official

Games/Events are declared official according to the following:

SPORT SCORED OFFICIAL AFTER
FOOTBALL 55 minutes of play
BASKETBALL (NBA) 43 minutes of play
BASKETBALL (NCAA) 35 minutes of play
BASEBALL 5 innings of play
HOCKEY 55 minutes of play
GOLF 54 holes of play
BOXING After opening bell is rung
TENNIS After 1st serve
OTHER SPORTS For timed events, must have less than 5 minutes remaining

Football / Basketball

Types of wagers available for Football and Basketball: Straight (point spread & money-line), totals, 1st half, 2nd half (includes OT), and propositions.

Baseball

Types of wagers available for baseball: First five innings, run-lines, money-lines, totals and propositions.

Special Baseball Rules
Baseball games are declared official after 5 innings of play or 4 1/2 innings if the home team is winning. If a game is called or suspended, the winner is determined by the score after the last full inning unless the home team scores to tie or take the lead in the bottom half of the inning, in which case the winner is determined by the score at the time the game is called. Wagers will be refunded if the home team ties the game and it is then suspended. Events will not carry over to the following, unless otherwise specified.

For total (over/under) wagers, the game must complete nine innings (8 1/2 if the home team is winning) to have action. If a game is called or suspended, the score will be determined by the last full inning unless the home team scores to tie or take the lead in the bottom half of the inning, in which case the score is determined at the time the game is called. All total wagers are automatically both listed pitchers (see below).

Rules for run-line wagers and propositions are the same as those for baseball totals.

There are three wagering options for baseball
Action: wager on team vs. team, regardless who pitches. If one of the listed pitchers does not start the game, the line will be adjusted to the opening line with the new pitcher.

List Both Pitchers: wager only if both listed pitchers start the game. The wager will be "no action" if either or both pitchers do not start the game.

List One Pitcher: wager only if one team's listed pitcher starts the game. The wager will be "no action" if the specified pitcher does not start the game.

Baseball Propositions:

• For wagers on Total Hits+Runs+Errors in the game, Both starting pitchers must go for action. Game must go 8½ innings if home team is winning or 9 innings if road team is winning for action. Extra innings counts. If a game goes past 9 innings and is not completed no action.

•For wagers on Team to score first and a Run scored in the first inning, Both starting pitchers must go for action.

•For wagers on Total Bases Matchups, Single=1base, Double=2bs, Triple=3bs, HR=4bs. Hits Only. Both players+starting pitchers must start for action.

• For wagers on Player proposition bets, BOTH players must START for action

Hockey

Types of wagers available for hockey: Straight (puck-line & money-line), totals, and propositions.

Golf

Types of wagers available for golf: Odds to win & place (top four)  tournament, odds to win foursome, straight bets on daily matchups (odds plus stroke line with odds), and propositions.

For any wager, if the selected player (or opponent if daily matchup) does not tee off, the wager is "no action", and the wager amount will be refunded. For stroke line wagers, the player with the "-" is the favorite and the "+" is the underdog (e.g., you wager on Fred Couples (+2) over David Duval, Couples shoots 68 and Duval 67: Couples is the winner by a margin of one stroke since Duval was favored by two strokes).

Odds to Place: wager on a player to finish in first through fourth place for the tournament.
*If there is a tie for fourth place, the payouts are calculated by dividing the payout odds by the number of players tied for fouth place (e.g., you wager $10 on Tiger Woods to place, his place odds are 6 to 1, and three players tie for fourth place: payout= 6 / 3 = 2; $10 x 2 = $20 total winnings).

Odds to Win Foursome: wager on a player to place higher than the other players in the tournament. If there is a tie, the leader following the previous round is the winner. If two players tie every round, the player who was leading latest in the final round is the winner.

Daily Mathups: wager on one player to place higher than another, either for the tournament of the specified round. If there is a tie, the wager amount will be refunded.

For future wagers: In the event that a tournament does not play the specified number of completed holes (usually 72), and the PGA officials shorten the tournament, the leader at the end of number of holes determined to be offiial by PGA officials shall be the winner.

Tennis

Types of wagers available for tennis: Odds to win tournament, odds to win daily matches, and propositions.

Horse Racing

Types of wagers available for horse racing: Odds to win, place & show; exactas, quinellas, trifectas, and propositions.

Auto Racing

Types of wagers available for auto racing: Odds to win race, odds to win matchups, propositions.

Soccer
There are various different ways one may wager on soccer. IslandCasino offers Sides, Totals, Draw and Parlays.

Example:

Manchester United +150
Liverpool +160
Draw +220
Total 2 ½o

MONEY-LINE (SINGLES BETS):

Involves betting on the outcome of a match in 90 minutes (i.e. 1st half and 2nd half), choosing whether the game will end in a home win, an away win or the draw. Extra time does not count in this case - as in many Cup matches, when goals scored in extra-time do not count for wagering purposes. However, separate odds are often quoted for a team to go through to the next round (either through winning in Extra-Time, by Penalties or by the Golden Goal) - these wagers are usually termed "Outright Winner" wagers, as opposed to "Within 90 Minutes Winner" wagers.

PARLAYS (MULTIPLE BETS):

Soccer parlays are a single wager on two or more outcomes. Soccer parlays may not be parlayed with any other sports. The wager amount and the profits from one winning wager is rolled over and parlayed to the second wager. Also see our Parlay Conversion Chart on how to figure soccer parlay payoffs. These "multiple bets" simply are a string of single bets, with more than one outcome. Just as with the single wager you must determine whether your selected matches will end in respective home win, away win or draw.

Other

Wagering will be available on other sports and special events, and will be included in the futures page

SPORTS BETTING
Sportsbook Betting
Football Betting
Basketball Betting
Baseball Betting
Hockey Betting
Boxing Betting
Horse Track Rules
Horses Betting
Tennis Betting
Soccer Betting
Golf Betting
NASCAR Betting
Sports Schedules
Free Betting Tools
BETTING ARTICLES
NFL Preseason 2008
UFC 87 Betting Odds
Tour de France
US PGA Championship
 

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