Why and When you should think about “Exotic” betting, some basics, Part 2

      Yesterday we started our talk about when to use “Exotic” bets, we were talking about Parlays and how they can make your Bank Roll grow. If you have 2 teams that you are very sure about, and you place 2 straight bets on them to win $50, again we are talking Point Spreads here, you will bet $55 to win $50 twice, or $110 total risk to win $100, but if you put both teams in a $50 Parlay you would be risking just $50 to win $130. The big difference is that in the Parlay both teams must win or you lose all of your risk money, but in the 2 Straight Bets, one can win and one can lose, and you only lose your money on the loser.

      So if your not a 100% sure about the 2 teams then maybe you should Tease them instead, now Teasers don't payout as much as Parlays, but you can move the lines in your favor, giving you a better chance to win. An 3 team 6 point Teaser only pays around 8/5 odds or $80 for every $50 you bet, so a $100, 3 team, 6 point Teaser, is going to pay you around $160 where a $100, 3 team Parlay will pay you around $600, this is a big difference. But sometimes you are better off, taking a lower payout with a better chance of winning, remembering that $600 is great but if your teams don't win you get nothing, so if your not really confident about the Teams Lines, but want to bet them, Tease them, and at least you have a better chance of winning something, and $160 is better than losing all of your risk money.

      Tomorrow we will get start on when and why to use “If Bets”, and for more detailed explanations you can grab a copy of my e-book “The Wagering Man's Guide to Sports Betting” at our website www.thewageringman.com, check it out today.