SPORTS BETTING GUIDE - LAS PALMAS SPORTSBOOK

Point Totals

Another popular baseball wager is the total. The bettor may wager on whether the final score will be over or under a specific number. In totals wagering, it doesn't matter who wins the game. But instead, the total combined runs scored by both teams. In our example, the total is 10. If you wager on the over, you would win $100 for every $115 wagered. If the teams score more than 10 runs combined, your return would be $215. If you wager on the under and the two teams combine for less than 10 runs, you would win $100 for every $105 wagered, for a return of $205. In the case of a tie, all wagers would be refunded.

Run Line

In addition to the Money Line, clients may also wager on the Run Line. The Run Line uses plus or minus 1½ runs to handicap the favorite and underdog. In our example, the Phillies would be -1½ runs, meaning they would have to win the game by 2 or more to collect the wager. By giving up 1½ runs, the bettor is rewarded with a greater payoff, in this case +170 or a payoff of $170 for every $100 wagered, for a total return of $270. The Reds receive 1½ runs and would lay -200 or bet $200 to win $100. Since the Phillies are receiving 1½ runs, they could lose the game by one run and still win the wager.

Baseball Proposition

Run, Hits, Errors

Total hits runs and errors in the game Both starting pitchers must go for action. Game must go 8 ½ innings if home team is winning or 9 innings if road team is winning for action. Extra innings counts. If a game goes past 9 innings and is not completed no action.

Other Baseball Options

The pitcher is the most important player on the field in baseball. Many wagers are based on the pitcher. You may specify one of the following conditions when wagering on baseball.

• Action: Team vs. Team regardless of the listed pitchers. If one or both of the listed pitchers do not start then the price will be adjusted by Las Palmas to reflect the "off" pitcher .
  
• Listed: Both listed pitchers must start or "no action".
  
• List One Pitcher: You may specify a pitcher from either team. That pitcher must start, if not, the wager is refunded. The odds will be adjusted if the unspecified listed pitcher is changed. If your listed pitcher goes, you always have action.

Baseball Parlays

A baseball parlay is a single wager on two or more outcomes. The wager amount and the profits from one winning wager is rolled over and parlayed to the second wager.

Parlays seem to have become more popular. In this wager, the bettor is picking more than one outcome to wager on, but only making one wager. An example of this would be, Mets +140, Oakland +180 in a 2-team $100 parlay. Both teams must win for the bettor to win. This works as follows: $100 wagered on the Mets, they win so now the bettor would have his $100 plus his winning (+140) = $240. The second part of the parlay was wagered on Oakland.

They also win, so he would receive 240 x 2.80 = $672.00.
Parlays are just a way of saying put all my winnings from result #1 onto my next choice. Here at Las Palmas, a bettor may play as many teams in a parlay as he chooses (up to 10 teams). The more teams he chooses, the more he can win, but the harder it is to win. No wager shall pay more than $20,000 per wager on Parlays.

Now the math behind baseball parlays. Whenever you take the underdog, plus odds (ex. +140) in a parlay, you add 100 to it, for figuring out the parlay payoff. In the above example, the bettor was taking +140 and +180 to make a 2-team parlay. $100 wagered (1.40 + 1.00) = 2.40 x (1.80 + 1.00) = 2.80, which is (2.40 x 2.80) = $672.00.

Whenever you take the favorite minus odds (ex. -150) in a parlay. The minus number needs to be converted to a decimal. In order to do this, divide 100 by the minus number and then add 1, ex. 100/150 = .666, add 1 to that and you get 1.666. Now lets figure a $100 parlay with a -150 favorite and a +180 underdog. $100 wagered (.666 + 1) = 1.666 plus the $100 wagered = 166.60 x (1.80 + 1.00) = 2.80 which is (166.60 x 2.80) = $466.48.

The formula for figuring out baseball is as follows:

Amount of wager x (Factor + 1) x (Factor +1) = Payoff

The factor is worked out in the following manner. Underdog or (+) money, Favorite or (-) money, price divided into 100. Below is an equivalent odds chart for favorites with the + 1 already added in

Parlay Conversion Chart
Line	Factor	Line	Factor	Line	Factor	Line	Factor
-101	1.990	-129	1.775	-157	1.636	-185	1.540
-102	1.980	-130	1.769	-158	1.632	-186	1.537
-103	1.970	-131	1.763	-159	1.628	-187	1.534
-104	1.961	-132	1.757	-160	1.625	-188	1.531
-105	1.952	-133	1.751	-161	1.621	-189	1.529
-106	1.943	-134	1.746	-162	1.617	-190	1.526
-107	1.934	-135	1.740	-163	1.613	-195	1.512
-108	1.925	-136	1.735	-164	1.609	-200	1.500
-109	1.917	-137	1.729	-165	1.606	-205	1.487
-110	1.909	-138	1.724	-166	1.602	-210	1.476
-111	1.900	-139	1.719	-167	1.598	-215	1.465
-112	1.892	-140	1.714	-168	1.595	-220	1.454
-113	1.884	-141	1.709	-169	1.591	-225	1.444
-114	1.877	-142	1.704	-170	1.588	-230	1.434
-115	1.869	-143	1.699	-171	1.584	-235	1.425
-116	1.862	-144	1.694	-172	1.581	-240	1.416
-117	1.854	-145	1.689	-173	1.578	-245	1.408
-118	1.847	-146	1.684	-174	1.574	-250	1.400
-119	1.840	-147	1.680	-175	1.571	-255	1.392
-120	1.833	-148	1.675	-176	1.568	-260	1.384
-121	1.826	-149	1.671	-177	1.564	-265	1.377
-122	1.819	-150	1.666	-178	1.561	-270	1.370
-123	1.813	-151	1.662	-179	1.558	-275	1.363
-124	1.806	-152	1.657	-180	1.555	-280	1.357
-125	1.800	-153	1.653	-181	1.552	-285	1.350
-126	1.793	-154	1.649	-182	1.549	-290	1.344
-127	1.787	-155	1.645	-183	1.546	-295	1.338
-128	1.781	-156	1.641	-184	1.543	-300	1.333
						-305	1.327

You can parlay from 2-10 teams. Parlay as many underdogs or favorites as you like. Just for fun, lets do a 6-Team Parlay to see the potential payoff. Our teams are +150, +140, +120, +100, -130, and -160. Using the conversion chart we get the following. $100 wager x 2.5 x 2.4 x 2.2 x 2 x 1.769 x 1.625 = 7589.01 or 7589. Not bad for just risking $100. But remember all six games must win. If one of the games was postponed or cancelled, your 6-team parlay would become a 5-team parlay and so on.

Note:

Baseball can be confusing. If you have any questions about wagering rules or methods, please do not hesitate to ask a Las Palmas staff member.

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