On Tuesday or Wednesday of every week, depending on what sportsbook you go to, weekly parlay cards are printed and set out for bettors to take. These cards are a way of betting if the bettor does not want to take action off of the board. There are many different types of parlay cards; most of the ones I’ve seen include: ½ point parlay, teaser specials, big teasers (a.k.a. megateasers), pleasers, first half, ties win, and sports exclusives.
½ point parlay cards are very similar to the lines (spreads) reflected on the board. They include college games (NCAAF), professional games (NFL), and the over/under for the professional games as well. The odds are the same odds referenced in Parlays vs. Straight Bets.
Teaser Special cards are the same as ½ point cards except they have different spreads that are more favorable to pick; hence the name teaser. For example, last night’s game (10/6/2011 Oregon vs. California), Oregon was -24.5. On the teaser card Oregon was only -18.5 and California was +30.5. So in this instance you could essentially have picked both teams and won because the final score was 43-15 in favor of Oregon (both teams covered the spread). It is important to remember that when it is easier to win the odds go down, so the payout for a 3-teamer on a ½ point card (6.75 to 1) is not the same as the payout for a 3-teamer on a teaser (13 to 5).
Big Teaser cards are the same deal as the teasers except with even more enticing spreads (Oregon -14.5, California +34.5). *Odds go even further down and the minimum bet is 4 teams instead of 3 (4-teamer, 11 to 5).
Pleaser cards only involve NFL games and don’t have over/unders. These cards make the spreads harder to cover (Patriots -17.5 vs. -9.5 on the ½ point card). You probably guessed it by now though… the odds go up. A 3-teamer on the pleaser pays 26 to 1. 8 for 8 pays 6,000 to 1 (very hard to do on this type of card though).
First Half cards are the same as ½ point cards but the spreads are only calculated for the first half of the game. The bettor is only betting on the first half, we don’t get the whole game to cover an easier spread, but that would be nice. The odds go down a little but stay pretty similar to the ½ point cards.
Ties Win cards are pretty self-explanatory. The spreads do not use ½ points, so there is a good chance of tying. The odds go down a little but stay pretty similar to the ½ point cards.
Sports Exclusive cards are the cards I referenced in Prop Bets. The odds go down a little but stay pretty similar to the ½ point cards.
*Follow me on Twitter @blakelederman to see my weekly prediction(s) #blakesbets.