Sports betting is a game of skill. The challenge is to gather
and analyze as much information as possible, weigh the probabilities,
and subsequently compare your opinion to the oddsmaker's.
Make the right judgment and you win. It's as simple as that.
Types of Basic Sports Wagers
The most common type of sports wager is on the result of a
single game, known as a straight wager. One team is typically
favored over another by a pointspread; the favorite gives
the underdog points as a head start for betting purposes only.
The favorite is always indicated
by a minus sign (e.g. -3) and the underdog by a plus sign
(e.g. +3). The amount of points a customer must give is estimated
to be the amount which will generate equal wagering on both
the underdog and the favorite. For betting purposes, the result
of the game is determined by taking the actual score and subtracting
points from the favorite's score or adding points to the underdog's
score.
So, a favorite can win the game
but lose it for betting purposes and an underdog can lose
the game but win it for betting purposes. In all straight
bets which are set by a pointspread, the customer lays $11
for every $10 the customer wishes to win.
For example, the Green Bay Packers
may be favored by 14 points over the Chicago Bears. A customer
who wishes to win $10 on Green Bay must give Chicago 14 points,
if Green Bay wins by more than 14 points than the customer
wins $10. If Green Bay wins by less than 14 points or loses
outright, then the customer loses $11.
A customer can also bet whether
the combined number of points or goals scored by the two teams
in the game will be over or under the total set by
the oddsmaker. For example, if the total is 32 and you believe
that the combined points scored by the two teams will exceed
that number, you would bet over 32.
A bet on a matchup between two
teams may be set by a money line, or odds, instead
of a pointspread. If a matchup is determined by a money line,
like American baseball, then it will cost the customer more
to wager on the favorite.
For example, the Atlanta Braves
may be favored over the Chicago Cubs by 150. In this example,
the customer must lay $150 in order to win $100 if Atlanta
wins the game, no pointspreads are involved. If Atlanta loses,
the customer loses $150. However, the customer could bet on
Chicago, in which case the customer would lay $100 in order
to win $150 if Chicago wins the game. If Chicago loses, the
customer only loses $100, because Chicago is the underdog.
Sports Wagering
Rules
Casino Sunriseinsurance Rules and Notices: Due to the fact that
transmission of data over the internet is beyond our control,
occasionally some bets submitted do not reach us. For you
to be assured your bet was submitted properly, always check
your 'Open History' button, and see if the bet is there.
- If the bet is not in your Open History,
please click your 'Refresh/Reload' button on your browser,
and this will start your session again with the appropriate
balance.
- If the bet is not in your open history
there is no bet, your balance was not affected on anyway.
We will not honor any bets said
to have taken place, unless it is in your open or scored history
sheet. Please when you submit a bet and you get an error.
Do not try again until you check your 'OpenHistory'. The bet
might have gone in, this will prevent double betting.
Straight Bets: A wager on one event whose outcome for
wagering purposes shall be determined by a point spread or
money odds. All straight and total bets are 10/11 unless otherwise
noted at the time of the wager. A customer lays $11 for every
$10 player wishes to win. On all straight bets, if the favorite
wins by the exact point spread the wager is a Push or "No
Action."
Parlays: A parlay is the selection of 2 or more teams
(up to 10) in no particular order in a single wager. All teams
in the parlay must win, if there is a tie it reverts to the
next lowest number for payoff. (Example: If you select 4 teams
and one ties, it becomes a three team parlay). Tie and win
on two teamer becomes straight bet (90% of wager) Parlay Payoffs/Odds
for
Basketball and Football
2 teams - 13/5
3 teams - 6/1
4 teams - 10/1
5 teams - 20/1
6 teams - 40/1
7 teams - 75/1
8 teams - 150/1
9 teams - 300/1
10 teams - 700/1
Teasers: A Teaser is a selection of two or more teams
in one wager in which the point spread is adjusted in your
favor. The number of teams selected and the number of points
selected determines the payout odds. A "Tie" or "No Action"
and a "Win" on a two team teaser shall constitute a "No Action"
wager. A "Tie" or a "No Action" and a "Loss" on a two team
teaser shall constitute a "Losing" wager. Ties on a three
or more team teaser shall revert to the next lowest betting
bracket. (Example: A tie on a three team becomes a two team
teaser.)
Teaser Payoffs/Odds for Basketball and Football
Football
- Points |
6
|
6.5
|
7
|
Basketball
- Points |
4
|
4.5
|
5
|
2 teams |
10/11
|
5/6
|
10/13
|
3 teams |
8/5
|
7/5
|
6/5
|
4 teams |
5/1
|
4/1
|
9/5
|
5 teams |
4/1
|
7/2
|
3/1
|
6 teams |
6/1
|
5/1
|
4/1
|
7 teams |
9/1
|
8/1
|
7/1
|
8 teams |
14/1
|
12/1
|
10/1
|
3 Team 10 point Football and 7
Point Basketball Teasers Odds are 10/12 - Ties Lose.
Special Rules
Las Vegas rules, regulations, payoffs
and wager types apply where not covered herein.
All sporting events must be played
on date and site scheduled unless otherwise specified. Sporting
events postponed by more than 12 hours and or rescheduled,
will constitute "No Action," and all money will
be credited accordingly.
All bets must be made and accepted,
before the start of the game/event wagered. Any bet placed
or received after the start of the game/event wagered, will
be void.
In the event that monies are credited
to a customer's account, it is incumbent upon the customer
to notify Internet Opportunity Entertainment Ltd. of the aforesaid
error without delay. Any winnings realized after the error,
whether directly or indirectly subsequent to the error but
prior to notification of Internet Opportunity Entertainment
LTD., shall be void.
Internet Opportunity Entertainment
LTD. does not recognize suspended games, protests, scoring
amendments, result reversals and overturned decisions for
wagering purposes.
In order for a bet to be valid,
a customer must receive a bet number confirming from Internet
Opportunity Entertainment LTD. that the bet has been accepted.
This will be via a confirmation message that will appear on
your screen.
Once accepted bets cannot be canceled
or amended in any way, either by the customer or by Management
Every effort will be made to ensure
that all information available on the the Internet site is
accurate. However, if an error is made in the prices or conditions
published on-line, we reserve the right to correct any mistakes
and to settle any bets already laid at the correct price.
Winners and losers are official
after:
Football - NCAA & NFL - 55
minutes of play
Basketball - NBA - 43 minutes of
play
Basketball - NCAA - 35 minutes
of play
Hockey - NHL - 55 minutes of play
All other sporting events - 55
minutes of play
Overtime periods, quarters or extra
innings are counted in the final score when wagering on totals.
On half time wagers, overtime periods
are included as part of the 2nd half.
Other Sports: All other contests
that involve a scheduled length of play or time limit must
play to their conclusion or have five minutes or less of the
scheduled playing time remaining when the contest concludes
to be considered official for wagering purposes.
Special Major League Baseball
Rules
Major League Baseball games are
official after 5 innings of play, or 4.5 innings if the home
team is leading. If a game is subsequently called or suspended,
the winner is determined by the score after the last full
inning unless the home team ties the score or takes the lead
in the bottom half of the inning. Then the winner will be
determined by the score at the time the game is called. When
wagering on total runs or run lines, the game must go the
regulation 9 innings, or 8.5 innings if the home team is leading,
otherwise it will constitute a "No Action" wager,
and all money will be credited accordingly. Wagers on total
runs will be refunded if a pitcher change occurs prior to
both listed pitchers throwing at least one pitch.
Baseball wagers are accepted as
"Listed." In the event of a pitching change prior
to the game, all wagers on a team are considered "No
Action". All wagers will be refunded to the customers
account.
Any and all baseball series wagers
must have all 3 games played by the end of a specified date
for the wager to have action. If all 3 games are not played
by that specified date then all wagers are NO ACTION, regardless
if one team has 2 wins. All 3 games must be official by Las
Vegas Gaming Standards (see our rules regarding baseball wagers
and what constitutes an official result)
NOTE: Each team's starting pitcher
is defined for betting purposes as the pitcher that throws
the first pitch.
Boxing
In boxing, the official stopping
of a round before the sounding of the bell does not constitute
a full round. A full round is only considered for wagering
purposes when the bell sounds signifying the end of said round.
Golf
For tournament matchup betting all of the players listed in
the matchup bet offer must tee off for your bet to have action.
The player with the most completed holes wins. If the players
complete the same number of holes, then the player with the
lowest score wins. If the players are still tied then the
wager will be No Actioned and all monies will be refunded.
If both golfers in a match-up are in a playoff: a) winner
of play-off wins matchup and b) all other playoff participants
tie each other.
Should a tournament be shortened,
or otherwise affected, due to weather conditions the official
result will be used when settling, regardless of the number
or rounds played. However, should there be no further play
after a bet is struck that bet will be void.
Single day matchups are wagers
on the particular day's 18-holes. Single Day mathups do not
include holes played as part of a completion from the previous
day's round nor playoff holes considered part of the overall
tournament score. Should a day's round be shortened, or otherwise
affected, due to weather conditions and the round is continued
the next day, the full 18 holes will are considered in determining
the outcome of the bet even if they are played over two days.
If a full 18 holes are not completed by both members of the
matchup, all bets are void. If both players end the 18 holes
in a tie, the bet is considered a no action wager.
European Football
All football bets will be settled
on 90 minutes play, this includes any time added by the Referee
in respect of injuries and other stoppages. Extra Time, Golden
Goals and Penalty Shoot-Outs do not count.
For bets on European football,
in order to place your Internet Opportunity Entertainment
Ltd. bet correctly, you must predict the result of at least
one (1) game:1=home win, 0=draw, 2=away win. The customer
can, of course, bet a parlay (or "combination"),
but must get all the selections correct in the parlay column.
Bets taken on 'first goalscorer'
will be void if the player does not take part in the game
or comes on after a goal has already been scored. Bets taken
on 'last goalscorer' will be void if the player does not play
or come on as a substitute.
If any match is abandoned, or postponed,
all bets will be void unless the relevant market result has
already happened; for example, 'first goal scorer betting,
which will stand if a goal has already been scored. Where
a venue is changed, bets will stand unless the game is to
be played at the original away team's ground in which case
all bets will be void.
Cricket
For Cricket games, if the match
is shortened by the weather, bets will be governed by the
official competition rules.
Rugby
For Rugby Games, if any match is
abandoned or postponed all bets will be void, except bets
on the first try scorer if a try has been scored prior to
abandonment. Where a venue is changed, bets will stand unless
the game is to be played at the original away team's ground
in which case all bets will be void.
Tennis
For Tennis Match betting, in the
event of a match starting but not being completed, the player
progressing to the next round will be deemed the winner. In
the event of any of the following circumstances taking place
all bets will stand: (i) a change of playing surface, (ii)
a change of venue or (iii) a change from indoor court to outdoor
court or vice versa.
Motorsports
In the event that the driver or
team that a customer bets upon for the outright championship
does not start the race, the bet is considered action (no
refunds on the bet). Both drivers must start the race for
matchup wagering for the bet to have action. The start of
any motor race is defined as the signal to start the warm-up
lap. The official winner at the conclusion of the race will
be the winner for betting purposes.
Parlay or Multiple Betting
Parlay or Multiples Betting. No
multiple (parlay) bets can be accepted where individual legs
are 'connected'. For example, one leg of a parlay is for Sampras
to beat Agassi in the 4th round of Wimbledon and the second
or additional part of the parlay is for Sampras to win the
overall Wimbledon title. The match forms part of the overall
tournament and is therefore 'connected'. In the same way,
you cannot parlay the over of the first half of a football
game with the over of the total game, because the two are
'connected'.
Dead Heat Rule
In the event of a dead heat (a tie), stakes will be divided
by the number of selections dead heating with the divided
stake settled at full odds, remaining stakes are lost. If
the tie was a betting option, then the dead heat rule does
not apply. The Dead Heat Rule only applies to Future Wagers.
For example, if there is a 3 way tie for the Top Scorer in
a Football game. Then your winnings are calculated by taking
your stake, dividing it by 3, and multiplying that amount
by the odds on your betting ticket.

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Last Updated:
December 10, 2001 2:09 PM
(GMT)
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