Understanding the Odds
Odds are the measure of how much you can win per $100 wager. The - and + next to the odds are used to show the potential payout and whether the wager is more or less likely to win. While the “-” wagers have a higher chance of paying out and the “+” wagers a lower chance, this is implied probability and does not guarantee a win or loss.
The “-” odds show how much you'd need to bet to win $100. For example, if you see the odds are -120, that means if you wager $120, your potential profit is $100 (plus your original stake). The “+” odds show the amount of money you’d win if you bet $100. For example, if you see the odds are +120, that means if you wager $100, your potential profit is $120.
Bet Types
- Spread
When you bet the spread, you’re betting on a team’s margin of victory or defeat. So, if you bet on the favorite (indicated by the “-”), they have to win by more than the number shown. If you bet on the underdog (“+”), they have to win outright or lose by less than the number shown.
Example: If you bet on the Saints -8 option, the Saints would have to win by more than 8 points for your bet to cover. If you bet on the Buccaneers +8 option, the Buccaneers would have to win outright or lose by less than 8 points. If the Saints beat the Buccaneers by exactly 8 points, then it’s a push, meaning all stakes are refunded.
- Moneyline
A money line is a bet on which team will win a game outright.
Example: The Saints are -170 to beat the Buccaneers, while the Buccaneers are +150 to win. If you think the Saints will win the game, you will have to wager $170 to potentially win $100 (or wager $17 to win $10). If you think the underdog, Buccaneers, will win, you will wager $100 to potentially win $150 (or wager $10 to win $15).
- Total
A total, or over/under, is a bet on the total amount of points scored in a game by both teams combined. A bet on the over means that both teams combined must score more than the number shown, whereas a bet on the under means that they must score less than the number shown.
Example: The Saints vs. Buccaneers total is 52 points. If you think the total score of the game will be more than 52, you will bet the over and would have to wager $110 to potentially win $100. If the teams combine for the indicated total exactly, then the wager is a push (or tie), meaning all stakes are refunded.
- Prop
A prop is a bet that isn’t tied to the outcome of a game. Both player props and game props are available on FanSwipr.
Player props are tied to an individual player's performance in an event.
Example: Player totals: A set number for points/assists/yards/etc. and you can bet the over or under, i.e., “Kevin Durant will have over 7 assists.”
Game props are tied to another specific aspect of the game (other than player performance).
Example: Will the team that scores first win? Is the total score going to be an odd or even number?
- Parlay
A parlay is a bet that combines two or more selections into one larger bet. For a parlay to be successful, each of the individual legs (or selections) must win.
Example: You want to bet the spread for the Saints vs. Buccaneers, Jaguars vs. Colts, and Rams vs. 49ers games. You could combine all of these into a parlay for a higher potential payout. In the event of a tie in one of the selections in a parlay, that individual leg would be removed from the parlay and the odds would be adjusted accordingly.
- Same Game Parlay
A Same Game Parlay is a special type of parlay that combines two or more selections from a single game.
Example: Have a good feeling about the Saints in their matchup vs. the Buccaneers? Bet on them to win by more than 8 points and the total to go over 52 - all in one parlay. If both of your parlay legs hit, you’ll win more than if you placed each bet separately. But if you miss one leg, you’ll lose the parlay.
- Live Bets or In-Game
If you’re late to a game, you can still get in on the action. Live bets are any bets placed on a live game after it has already started. FanSwipr offers odds throughout the game that continuously update as the game progresses.
- Odds Boosts
Odds Boosts offer increased odds on certain bet selections for a higher potential payout.
Example: If the odds were -110 and you wagered $10, you would potentially win a little over $9. With the odds boosted to +125, a $10 wager could win you $12.50.
- Alternate Lines
Alternate lines let you choose your own spread or total. The majority of alternate spreads and totals are added to parlays and not normally bet as a straight.
- Futures
Futures are bets on future events that generally won’t occur for weeks or months. These events usually refer to significant league championships but can also refer to divisional or conference outcomes or be specific to a player.
Example: Futures can be wagers on competition or tournament outrights (i.e., the Indianapolis Colts to win the Super Bowl, Tigers Woods to win The Masters, the Miami Heat to win the Eastern Conference, etc.). They can also refer to regular season win totals (i.e., Milwaukee Bucks O/U 62.5 Wins), regular season points (i.e., Columbus Blue Jackets O/U 121.5 Points) or player prop futures (i.e., Patrick Mahomes O/U 42.5 Passing TDs for the season).
- Round Robin
A round robin is an easy way to place multiple parlays at once. When you place a round robin, you’re placing individual bets on every possible parlay combination within the selected wagers. You don’t have to win all the parlays to win the round robin. To place a round robin, just add 3 or more selections to your bet slip and go to the Round Robin tab. Here, you’ll see the bets broken down By 2’s, By 3’s, and so on. These indicate the number of selections in each individual parlay you’re placing.
Example: If you’re betting on teams A, B, and C to win outright, you’ll have two round robin options available. Your By 2’s option includes all possible 2-team parlays for these three wagers (A+B, B+C, and A+C). And your By 3’s option includes all possible 3-team parlays on these 3 wagers (A+B+C). If you bet $30 on the By 2’s option, that money will be split evenly among the 2-team parlays ($10 on each of the 3 wagers).
- Teaser
A teaser lets you add or subtract points from a spread or total. A minimum of two teams must be selected for a valid teaser and all selections must cover the spread for the teaser to win. Teaser point values vary by sport. In the event of a tie in one of the selections in a teaser, that individual leg would be removed from the teaser and the odds would be adjusted accordingly. In the event of a tie in one leg of a 2-team teaser, two legs in 3-team teaser, etc. with a single leg covering, then the teaser is a push and stakes are refunded.
Example: If you were to subtract +3.5 points from your spreads, you would have longer odds (i.e., a harder chance to win) but a potentially higher payout. If you added points to your spreads, such as +8.5, you would have shorter odds (i.e., a better chance at winning) but a lower potential payout.
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