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Buy
Wagering (US Sports)
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.