General House Rules Types of Bet. There are many types of bets you can make within our sports betting product. See below for a comprehensive... Prize Payment Procedure. Once the result of an event or a bet has been determined then all bets are settled immediately. Cash Outs. The cash out option ...
The importance of knowing the betting rules. Every sport is a world of its own and it’s vitally important to know the rules of betting on each different one in order to stay safe and avoid any unpleasant surprises that could ruin your day.
(5) “Betting Pools” or “Pools” means any kind of Betting where the available prize is split between all Bettors with the correct selection. (6) “Bettor” means a person who places a Bet. (7) “Betting Terminal” means a machine that allows for the selection of racing outcomes and the payment of these Bets.
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Betting for the race, has the highest total of money staked on it in Bets in the Win Pool. (18) “Fixed Banker” means a Bet that allows a Bettor to combine one horse that they believe will finish in 1. st place with any number of other horses to fill 2 nd place or any other place required by that Bet. (19) “Gross Pool”
Straight Bet; A straight bet is a bet on one selection in an event. Your selection must be successful to get a payout. Parlays; Bet involves the number of selections you choose to win from different events. All must be successful to get a payout. Teasers; A Teaser bet is a parlay bet with an alternate point spread applied to all legs of the bet.
The plan should guide the amount of money you spend or betting and the amount of money should be dependent on how much you can afford to lose. Don’t bet the money set aside for bills with the hope that you will win. Even if you are 100% sure of your prediction, betting is a high-risk game, don’t bet more than you can afford to lose.
The golden rules for betting against the spread are as follow: Your bet should be on teams with a winning percentage of 750 on less than 6 days or against a team with worse records (success rated at 66.7%.) Don’t bet on teams that have less than 350 straight-up winning percentage on less than 7 days or against one which has better records.