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What is Straight Betting?

by Paul Petersen

Straight betting is a single wager on an event. A straight bet has odds associated with how likely it is for an outcome to occur. A point spread factors in by how much the team is expected to win and the purpose of this is to create more even betting. The favorite is designated with a minus sign (-) and the underdog with a plus sign (+). 

How much money do you win?

Straight bets that use the point spread are at odds of 11 to 10. If you’re doing some online sports betting at Parx Casino, this means you have to risk $11 to win $10. The odds show you how much money you would win on a $100 wager, or how much you need to bet to win $100, depending on the side you choose to take. If the odds are -200 for the favorite and +175 for the underdog, you would need to bet $200 to win $100 for a total return of $300 on a moneyline straight bet. 

What betting types can you use?

Various betting types are used for straight betting, such as point spread, moneyline or over/under. It is possible to make money fast if you correctly predict the outcome of the one wager. For example, betting a moneyline wager on a team to win the Superbowl is considered a straight bet. If you bet on a team that is a -3.5 favorite, the team must win by at least four points for you to win your bet and receive a payout. The underdog at +3.5 has to keep the game within three points or win it outright for someone betting on them to win. You can also place a bet on the total amount of points both teams will score collectively if you don’t see yourself leaning supporting a team on either side of the wager. 

What is a single wager and what is a parlay?

A parlay is a single bet but it combines several individual wagers to create a greater payout. If one bet in a parlay is a loss, the whole parlay bet loses. With a parlay, you may wager a single amount, but you are betting on multiple outcomes. One of the benefits of straight betting is its uncomplicated nature – you simply place a single wager on only one outcome.