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Over the final couple of years you've got read about or heard about financial terms for example derivatives, hedge funds, insider trading, call and put options and other Wall Street phrases. Some have a derogatory reputation depending on the output of individuals who abuse them. Perhaps the most clouded and unregulated of these instruments of deception are the hedge fund managers who deal in derivative trading and creative financing. They may derive or create a financial instrument based on two or more investments coming together to bounce off one another for greater profits --- thus one derived from another. The exact same strategy or derivative is employed in Sports Betting.

Sports bettors know these derivative sports bets as Parlays, Teasers, If Bets, Reverses and some Proposition bets as well as cross over sports wagers - a parlay determined by sports from different sports occurrences.

A parlay is based upon two or even more teams you select to win or using the over or under totals. The payout is derived from team 1 winning first half of your derivative bet and then team 2 winning the other half of your wager. The greater teams or totals used in the wager the larger the payout although the harder click to read win. To win a parlay you should win each bet.

A reverse bet is just like a parlay however the payout is generally double if both teams connect in your wager. The extremely popular teaser wager allows you to add or subtract points with your teams linked to your selection. An IF bet explains that IF team A wins, your IF wager automatically goes to your next selection. One is derived from the other.

Remember, many professional bettors consider these derivative style of bets or sometimes called exotic bets as risky and a"suckers bet". It depends upon your risk-reward tolerance for larger profits against higher odds of probability. Hitting a 3 team parlay at 6 to 1 odds is just a little more exciting than getting even money for your one timer.