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Over the last couple of years you have read about or heard about financial terms such as derivatives, hedge funds, insider trading, call and put options and other Wall Street phrases. Some have a derogatory reputation in line with the output of folks that abuse them. Perhaps the most clouded and check out this site unregulated of these instruments of deception are the hedge fund managers who deal in derivative trading and creative financing. They can derive or create a financial instrument determined by two or even more investments coming together to bounce off one another for greater profits --- thus one produced from another. The same strategy or derivative is used in Sports Betting.

Sports bettors know these derivative sports bets as Parlays, Teasers, If Bets, Reverses and some Proposition bets together with cross over sports wagers - a parlay based on sporting events from different sports occurrences.

A parlay is determined by two or 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 your second half of your wager. The better teams or totals utilized in the wager the larger the payout although the harder to win. To win a parlay it's important to win each bet.

A reverse bet is similar to a parlay but the payout will likely be double if both teams connect within your wager. The extremely popular teaser wager allows you to add or subtract points with your teams involved in your selection. An IF bet states that IF team A wins, your IF wager automatically goes to your next selection. One is derived from the other.

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