Below is a list of the types of bets offered at BetOWI, as well as their respective limits.

We accept everything from straight bets to exotic bets on most sports.

Click below to review each bet type, the limits and post times.

Bet Limits and Post Times:
Types of Bets Accepted
Straight Bets
Parlays
Basketball and Football Parlay Odds and Payouts
Teasers
Teaser Odds and Payouts
If Bets
Reverses
Buying Points

For Higher Limit Request Click Here

Wager Type Limit
NFL Pointspread $2,000
NFL Money Lines $1,000
NFL Totals $1,000
NFL Preseason Sides $1,000
NFL Preseason Totals $500
NFL Team Totals $500
NFL 1st Half Sides $1,000
NFL 1st Half Totals $500
NFL Quarter Sides $500
NFL Quarter Totals $500
NFL Props $500
NFL Futures $250
NCAAF Pointspread $1,000
NCAAF Money Lines $1,000
NCAAF Totals $500
NCAAF Team Totals $250
NCAAF 1st Half Sides $1,000
NCAAF 1st Half Totals $500
NCAAF Quarter Sides $500
NCAAF Quarter Totals $500
NCAAF Props $200
NCAAF Futures $250
Arena Football Sides $500
Arena Football Totals $250
NBA Pointspread $1,000
NCAAB Pointspread $1,000
NBA/NCAAB Money Lines $1,000
NBA Totals $500
NCAAB Totals $500
NBA Team Totals $250
NCAAB Team Totals $250
NBA/NCAAB 1st Half Sides $1,000
NBA 1st Half Totals $500
NCAAB 1st Half Totals $500
NBA Quarters Sides $500
NBA Quarters Totals $500
NBA Props $200
NBA Player Props $200
NBA/NCAAB Futures $250
WNBA Sides $500
WNBA Totals $250
NHL Goal Line and Money Lines $1,000
NHL Totals $500
NHL Team Totals $250
NHL Futures $250
MLB Money Lines $1,000
MLB Runlines $1,000
MLB Totals $500
MLB Team Totals $250
MLB 1st 5 Innings Sides $1,000
MLB 1st 5 Innings Totals $500
MLB Props $200
MLB Futures $250
Golf Props $200
Tennis Matchups $200
Nationwide Series Odds to Win $200
Nationwide Series Matchups $200
Boxing Fight Odds $200
Soccer 3-Way line $250
Soccer Total $250


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Types of Bets Accepted Top

Straight Bets Top

Plain and simple, a straight bet is the most common type of bet, where you choose to bet on either team or contestant or the outcome of the game.Games or competitions can basically by identified by a team that is favored over the rest, usually the favored team will be identified with a minus sign (e.g. -140) known as the "Favorite" to win the match. On the other side, the team that is less likely to win the game is known as the "Underdog" and is usually identified with a plus sign (e.g. +320).You can bet four types of straights:
  1. Moneylines: a moneyline is an indicator of odds that a given team needs, to win the game, match or event; the favorite team has the lower of the numbers. A negative moneyline indicates how much you, as a bettor, need to risk in order to win $100, and a positive Moneyline indicates how much a player can win by risking $100. When betting on a Moneyline, your pick or selection is only required to win the game in order for you to win your wager, unless, a Draw or Tie is part of the Bet selection, in which case if the game ends up in a tie, and you bet one of the other teams, your bet will be a loss because the tie was also a bet possibility.
For Example: Yankees-130 / Red Sox +110In this example you will need to risk $130 in order to win $100 if you are betting the Yankees to win the game, in the other hand, you will be paid $110 for every $100 you bet on the Red Sox if they win the game
  1. Point Spread or Handicap: a Point Spread or Spread is where the favorite of the match, game or event not only is required to win the game or event but also needs to win by a certain amount of points, runs, goals, etc. At the same time, the team that is not favored, also known as the Underdog will be given the same amount of points, runs, goals, etc on his/her favor. Spreads go hand by hand with money lines, meaning that a certain price is usually added to the Point Spread or Handicap. ½ points, runs, goals, etc are used as tie breakers. In the event that the final score minus the handicap or vice versa adds up to 0, the bet will be considered a push or no action.
For Example: Colts +3 -110 / Patriots -3 -110In this example if you are betting the Patriots to win the game, they not only have to win the game but they also need to win by more than 3 Points in order for you to win your bet, because there is a -110 implied, you will also need to Risk $110 to win $100 when betting this.
  1. Asian Handicap: also known as "Double Handicap", is a type of point spread or handicap where the bettor's wager is divided into two different points spreads where the risk amount will be split in two identical parts.
For Example: FC Barcelona -0.5, -1 +100In this case, your bet will be divided into two different sport bets, one where FC Barcelona will be -0.5 and a second one where FC Barcelona will be -1
  1. Total Sport Bets: a total bet is a wager on the total outcome of the game and not on one of the sides. Bettors will be given the choice to bet on the score to be more or less than the specified number and it behaves the same way as a spread or a Spread or Handicap.

Parlays Top

You can bet on 2 and up to 15 teams on a parlay. The payout will increase as the odds and selections get higher. You can choose multiple sports, spreads, totals or moneylines on a parlay.On ties, pushes or cancellations, parlays roll back to the next lower number parlay and down to a straight bet where the risk amount of the parlay will be the same as the risk amount of a straight bet. No parlay will be accepted where one or more parts are correlated, as in the 1st half of the game to the game itself, or where there is a 30% ratio within the spread and the total of the same game.Baseball and Hockey Parlay Special Rules: betting the spread and the total on a parlay is not accepted.Soccer Special Rules: betting the draw to the under is not accepted.

Basketball and Football Parlay Odds and Payouts: Top

Number of Teams Odds Maximum Payout
Two 13/5 13/1
Three 6/1 30/1
Four 10/1 50/1
Five 20/1 125/1
Six 40/1 200/1
Seven 75/1 375/1
Eight 100/1 500/1
Nine 150/1 750/1
Ten 300/1 1500/1
Eleven 500/1 2500/1
Twelve 750/1 3750/1
Thirteen 1000/1 5000/1
Fourteen 1500/1 7500/1
Fifteen 2000/1 10000/1

* Baseball, Soccer and other sports parlays are determined using a different set formula. Because of the money line used in those sports, there are no set payoffs for tying a number of teams together in parlays.Payoffs are determined by a simple formula that changes the money line into a decimal number and combines it with the other lines in the parlay.Just follow these simple steps to get your payoffs:Step 1: If it is a Negative Moneyline: (100/ml) +1.Step 2: If it is a Positive Moneyline: (ml/100) +1.Step 3: Multiply all Decimal Prices times each other.Step 4: Subtract 1 to the resulting number from Step #3.Step 5: Multiply the Risk amount times the resulting number on Step #4.A Round Robin Parlay is all possible combinations of 3 or more selections resulting in multiple parlays. The most common combination of a round robin is A 2 team combination.The number of resulting 2 team parlays can be calculated with a simple formula:N X (N-1) x (N-2)/6Same as in reverses there will be a maximum payout and a max risk for round robins where the max risk is equal to the risk amount times the number of parlays and the max risk is the sum of the payouts of all the resulting parlays.

Teasers Top

Teasers can be for 2 and up to 15 teams. You get points at an adjusted price, where you have to win all picks to win the bet. Teasers can revert to the next lower number teaser, down to a 2 team teaser where it will revert to a NO ACTION. Teasers are a type of bet for football and basketball ONLY.Points will be adjusted to the players favor differently in basketball than in football. You can also choose to play multi sport teasers where you will have X amount of points adjusted to football games and Y amount of points adjusted to your basketball points.

Football Teaser Odds and Payouts Top

3 Points Football
2 Teams 120
3 Teams 240
4 Teams 480
5 Teams 800
6 Teams 1300
7 Teams 2000
8 Teams 3000
9 Teams 5000
10 Teams 7500
11 Teams 12500
12 Teams 20000
13 Teams 30000
14 Teams 50000
15 Teams 75000
Ties Push
6 Points Football
2 Teams -120
3 Teams 160
4 Teams 250
5 Teams 400
6 Teams 600
7 Teams 900
8 Teams 1250
9 Teams 1800
10 Teams 2500
11 Teams 3500
12 Teams 5000
13 Teams 7500
14 Teams 10000
15 Teams 15000
Ties Push
6.5 Points Football
2 Teams -130
3 Teams 140
4 Teams 225
5 Teams 350
6 Teams 500
7 Teams 750
8 Teams 1000
9 Teams 1400
10 Teams 2000
11 Teams 2500
12 Teams 3500
13 Teams 5000
14 Teams 7500
15 Teams 10000
Ties Push
   
7 Points Football
2 Teams -140
3 Teams 120
4 Teams 200
5 Teams 300
6 Teams 450
7 Teams 650
8 Teams 900
9 Teams 1200
10 Teams 1500
11 Teams 2000
12 Teams 2500
13 Teams 3500
14 Teams 5000
15 Teams 7500
Ties Push
   
10 Points Football
2 Teams -300
3 Teams -130
4 Teams 110
5 Teams 140
6 Teams 200
7 Teams 300
8 Teams 400
9 Teams 500
10 Teams 650
11 Teams 800
12 Teams 1000
13 Teams 1250
14 Teams 1500
15 Teams 2000
Ties Push
   
14 Points Football
2 Teams -800
3 Teams -400
4 Teams -200
5 Teams -140
6 Teams -110
7 Teams 120
8 Teams 140
9 Teams 160
10 Teams 185
11 Teams 215
12 Teams 250
13 Teams 300
14 Teams 375
15 Teams 450
Ties Push
   
17 Points Football
3 Teams -1000
4 Teams -350
5 Teams -250
6 Teams -200
7 Teams -160
8 Teams -120
9 Teams -110
10 Teams 100
11 Teams 120
12 Teams 140
13 Teams 160
14 Teams 180
15 Teams 200
Ties Push
   
21 Points Football
3 Teams -2000
4 Teams -800
5 Teams -500
6 Teams -400
7 Teams -300
8 Teams -260
9 Teams -220
10 Teams -200
11 Teams -180
12 Teams -160
13 Teams -140
14 Teams -120
15 Teams 100
Ties Push

Basketball teaser wagers and odds are as follows:

4 Points Basketball
2 Teams 100
3 Teams 180
4 Teams 300
5 Teams 500
6 Teams 700
7 Teams 1000
8 Teams 1500
9 Teams 2000
10 Teams 2800
11 Teams 4000
12 Teams 5500
13 Teams 8000
14 Teams 10500
15 Teams 16000
Ties Push
 
4.5 Points Basketball
2 Teams -110
3 Teams 160
4 Teams 250
5 Teams 400
6 Teams 600
7 Teams 900
8 Teams 1200
9 Teams 1800
10 Teams 2500
11 Teams 3000
12 Teams 4000
13 Teams 5500
14 Teams 8000
15 Teams 11000
Ties Push
 
5 Points Basketball
2 Teams -120
3 Teams 140
4 Teams 200
5 Teams 350
6 Teams 500
7 Teams 800
8 Teams 1000
9 Teams 1500
10 Teams 2000
11 Teams 2500
12 Teams 3000
13 Teams 4000
14 Teams 5500
15 Teams 8500
Ties Push
7 Points Basketball
2 Teams -180
3 Teams -120
4 Teams 130
5 Teams 200
6 Teams 275
7 Teams 350
8 Teams 500
9 Teams 600
10 Teams 800
11 Teams 1000
12 Teams 1200
13 Teams 1500
14 Teams 2000
15 Teams 2500
Ties Push
10 Points Basketball
2 Teams -300
3 Teams -200
4 Teams -150
5 Teams -120
6 Teams 100
7 Teams 140
8 Teams 180
9 Teams 200
10 Teams 250
11 Teams 300
12 Teams 350
13 Teams 400
14 Teams 500
15 Teams 600
Ties Push
13 Points Basketball
2 Teams -1100
3 Teams -600
4 Teams -400
5 Teams -300
6 Teams -250
7 Teams -200
8 Teams -170
9 Teams -150
10 Teams -130
11 Teams -115
12 Teams -105
13 Teams 110
14 Teams 125
15 Teams 150
Ties Push
   
16 Points Basketball
2 Teams
3 Teams -1500
4 Teams -1000
5 Teams -700
6 Teams -550
7 Teams -450
8 Teams -400
9 Teams -350
10 Teams -300
11 Teams -260
12 Teams -220
13 Teams -190
14 Teams -160
15 Teams -130
Ties Push

If Bets Top

An "if bet", is a combination of straight bets where one bet depends on the outcome of a previous play. The customer can bet "B" only if "A" wins or the customer can bet "B" only if "A" Wins Ties or Cancels.There are two types of If Bets:a) "Single Action If Bet": is a conditional bet where the customer's 2nd pick or afterwards will only have action if the previews pick wins only.b) "Double Action If Bet": is a conditional bet where the customer's 2nd pick or afterwards will have action only if the previews pick wins, ties, or cancels.Example One:
  1. Place a fixed wager on Denver Broncos to win with spread of (-7).
  2. If Broncos win, a fixed wager (up to the original amount) is placed on Seattle Seahawks to win with spread of (-3).
  3. If Seattle also wins, the player would collect $200 .00 on a stake of $110.00.
Example Two:
  1. Place a fixed wager on Denver Broncos to win with spread of (-7).
  2. If Broncos win, a fixed wager (up to the original amount) is placed on Seattle Seahawks to win with spread of (-3).
  3. However, if Seattle loses, the player would lose $11.00 on a stake of $110.00.
Example Three:
  1. Place a fixed wager on Denver Broncos to win with spread of (-7)
  2. If Broncos lose, and Seattle wins, the player would then lose $110.00 on a stake of $110.00

Reverses Top

Reverses and Bird Cages are all possible combinations of a Double Action if Bet, meaning that if you are betting A to Win and if Wins, Ties, or Cancels you get B, you will be putting a Second Double Action If Bet where B will need to Win, Tie or Cancel in order for A to have action.All Reverses and Bird Cages will be double action, meaning that the bet will continue on a Tie, or Cancellation.There will always be a Max Risk that will be equivalent to the Sum of the Risk amounts of the Two initial Risks or Three in the case of a Bird Cage and a Max Payout that will be equivalent to the Resulting Four winning Straight bets or Six in case of the Bird Cage.

Buying Points Top

Buying points is a type of wager where we allow the player to literally buy points on his favor, from the favorite, underdog, over or under. As it is points, this option is only valid for sports like Football and Basketball.Each ½ point is normally worth 10 cents although the prize can be adjusted as the points keep going away from the starting line. In the case of Football when you are buying in and out of a 3 you will also be charged with an extra 10 cents and 5 more cents when you are going in or out of a 7.
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