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Internet sportsbooks are pretty much the same as telephone sportsbooks. Instead
of calling in your bet to a bookie, you fill out an online form. In most cases, sportsbooks
have the same deposit and withdrawal options as online casinos - some sportsbooks are
in fact an extention of an online casino.
The more imaginative Internet sports books have quite a variety of Bets allowed. Here
is some of the terminology used to describe the different bets available:
Parlays
A parlay wager is betting on the outcome of two or more selections bundled together.
The payoff on a parlay is higher than the payoff for wagering the selections separately.
All selections in the parlay need to win for the parlay to win. A tie on an individual parlay
selection brings the parlay down to the next lower parlay of the remaining action.
Teasers
A teaser wager is where you move the Side or Total by a selected number of points for all
selections in the wager. For football you can tease for 6, 6½, and 7 points; for basketball 4,
4½, and 5 points. A teaser can have between 2 and 9 selections. The teaser is a winner if all
the selections win against the teased line.
Round Robins
A Round Robin is a series of parlay-type wagers built from all possible groups of the specified
round robin group size. The selections can be any combination of sides, over/unders, money
lines, run lines, or puck lines. Currently, up to 9 teams can be grouped by either 2's or 3's.
Each round robin series has the "Grouped By" number of teams in it and some series can win
and other series loss. Each individual series is graded like a parlay. With 4 selections (A, B,
C, D) grouped by 2's then you would have the following groups of 2's: A&B, A&C, A&D, B&C,
B&D, C&D.
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