Once you have chosen your bets and clicked "Place
Bets," you will be taken to a confirmation page
that looks like this:
Match
Play
Buy
Money
Line
4/19/99
7:35:00 PM
101
miami
heat
miami
heat -8.0
-110
102
CLEVELAND
CAVALIERS
The
confirmation page lets you review and confirm
your bet: it restates the match up, your ticket
number, the point spread, the money line and the
amount that you've wagered. But you can also change
your wager at this stage by using the "Buy" pull-down
menu. Buy wagering allows you to adjust the point
spread in your favor. The reason it is called
a "buy" wager is that you "purchase" each point
adjustment you make in your favor. Every 1/2 point
adjustment costs you less favorable odds, thus
less of a return on a winning wager. Click on
the pull-down menu above to see the buy wagering
options.
The
first number in the pull down menu lists the adjusted
point spreads available to you. The second number
is the "price": the adjusted money line for that
specific point spread. As you can see, you may
adjust the spread anywhere from 1/2 a point up
to 2 points. Each 1/2 point causes a 10% increase
in the money line. Thus, if a bet on the favored
Miami Heat is appealing to you with a point spread
of 7 but not 8, you simply select "-7-130" from
the pull down menu. Now the Heat must only win
by more than 7 points (rather than 8) for you
to win your wager. However, rather than wagering
$110 in order to win $100, you must lay $130 to
win the same $100.
The
process is the same if betting on the underdog,
but instead of reducing the point spread, you
have the opportunity to increase it: if you "bought"
one point on the Cavaliers, they would have to
either win the game outright or lose it by less
than 9, rather than 8, for you to win your buy
wager.
Buy
wagering is also available for over/under bets.
If you had placed a bet on the total, your confirmation
screen would look like this:
Match
Play
Buy
Money
Line
4/19/99
7:35:00 PM
101
miami
heat
Over
168
-110
102
CLEVELAND
CAVALIERS
Buy wagering on totals lets you adjust the total
in your favor, but again costs a 10% reduction
in the money line for each 1/2 point adjustment.
If you were not comfortable that the two teams
would score over 168 points in the game, but thought
that their combined total scores might be over
166, you could "buy" two points. Again, rather
than wagering $110 to win $100, you would have
to bet $150 to win $100. A safer bet perhaps,
but less of a return on your money.
You
may also buy a higher total for "under" bets:
buying 2 points on an under bet would mean that
the Heat and the Cavaliers would have to have
a total combined score of under 170, rather than
the original line of 168, for your wager to win.
As before, buying two points would "cost" you
less favorable odds of 150/100, or a return of
$100 for a $150 wager.
Example
I:
Tim
has $200 available in his account
and buys one point on the Cleveland
Cavaliers and wagers $130. $130
is deducted from his account.
His balance now reads: $70 available,
$130 at risk
Say the final score of the game
was:
Miami
Heat
98
Cleveland
Cavaliers
90
The
Heat won the game by 8 points.
Since they were favored by 8 points,
those wagers on the Heat that
didn't buy points are a "push"
or "no action": all wagers are
returned. However, since Tim had
the good sense to buy one point
on the Cavaliers, his bet "covers
the spread." The Cavaliers were
within 9 points of the Heat at
the final buzzer, so Tim wins
his bet. With the adjusted money
line of his buy wager, Tim receives
$100 for his bet of $130 and his
original wager is returned to
him. A total of $230 is credited
to his account. His balance now
reads: $300 available, $0 at risk.
Example
II:
Colleen
has $300 available in her account
and buys 1/2 point for an under
bet on the total and wagers $120.
$120 is deducted from her account.
Her balance now reads: $180 available,
$120 at risk.
Say the final score of the game
was:
Miami
Heat
89
Cleveland
Cavaliers
80
The
sum of the teams' final scores
equals 169. Colleen had wagered
that the combined score would
be under 168.5, so she loses her
bet. No money is returned to her.
Her balance now reads: $180 available,
$0 at risk.
If Colleen had bought 1 1/2 points
rather than 1/2 point, her wager
would have been a winner, since
her adjusted total would have
been 169.5, which is greater than
169.0. If she had bought 1 point,
her bet would have resulted in
a "push," since the adjusted total
would have been exactly equal
to the combined scores.
Football
3-Point Rule
If
a point spread on football is 3 points, you may
not buy any points. However, if the line is -/+3
½ or -/+2 ½, you may buy ½ point to bring the
line -/+3. This point will cost you an additional
25% juice, which added to the original 10% vigorish,
will bring the juice to 35%. You can't buy any
further points once the line is -/+3.
Example
I
Raiders
BILLS -3.50
If
you place a straight bet on the Buffalo Bills
at -3.5, you will risk $110 to win $100. If you
want to bring the line to 3 points, you will have
to risk $135 to win $100 and your bet will be
Buffalo Bills at -3. Once you do this, you cannot
move the line any further.
Example
II
Titans
-2.5
SAINTS
If
you place a straight bet on the New Orleans Saints
at +2.5, you will risk $110 to win $100. You may
buy 0.5 point to bring the line to 3 points, but
you will risk $135 to win $100. Once you do this
you cannot buy any further points.
Please be advised that if you are wagering over the internet, this is illegal in many jurisdictions.
A wagering site may be operating legally at their location but it may still be illegal for you to wager from your location.
We suggest you check on the legal situation from any jurisdiction in which you may wager.