Bets designated as a 'Single' can be placed without the requirement of combining with an additional selection. The Criminal Code of Canada currently prohibits single-event betting; however PlayNow.com can offer some "single" bets in as much as those bets are comprised of a parlay embedded within a single bet. For example, a 'Correct Score' bet can be offered as a 'single', as it requires the prediction of the correct score of BOTH teams (or players) in order to successfully win the bet. All Single bets are highlighted with a icon next to the offer. Types of bets that are often offered as a single bet include Futures, Correct Score, Scorecast, Wincast and Power Picks.
A parlay is a bet that links together two or more individual predictions and is also dependent on all of those predictions being correct in order to have a winning bet. Parlaying picks is a great way to increase the amount of potential return of your sports bet but is also mandatory in Canada according to the Criminal Code.
Below is the list of available parlays:
- 4-Fold to 20-Fold
Full cover bets
As an extension of parlay betting, Full Cover bets include all possible combinations of parlays available. Full Cover Bets may also include single bets (when available).
Below is the list of available Full Cover bets:
- Super Heinz
A 'Power Pick' is a great way to make a quick parlay bet in a single click - AND get a higher payout if you win! A 'Power Pick' is a single bet featuring multiple outcomes and an increased odds value then creating your own parlay. A Power Pick CANNOT be parlayed with any other bet. All event results within the Power Pick must be correct (as specified in the terms posted) for a winning bet. The cut-off time for placing a Power Pick bet typically corresponds to the start time of the Event that starts first within the Power Pick. Any Power Pick (or parlay bet advertised with enhanced odds) that is comprised of an event that is not completed (e.g. abandoned, postponed) will be Void. As with all bets, Power Picks are subject to change or removal without prior notice.
A Win/Place bet (or sometimes known as an 'Each Way' bet) is basically two bets; one bet for your Pick to win, the other for your Pick to 'place' (finish in 2nd - or as many places as specified in your bet). The 'place' part of the bet is essentially a backup bet. You will receive a return on your bet if your Pick wins but also if it places. The place part of the bet will always be a fraction of the odds you have taken, usually 1/4 or 1/5. Terms for each Win/Place bet may vary and are always listed with the offer.
When betting Win/Place with Golf 'Outright Winner (Must Finish under Par)', selected golfer must finish Under Par for bet to be a potential winner.
For example, a Golf Tournament may feature the Win/Place terms as a quarter the odds for Four Places which is written as:
These terms mean your bet can win be a winner to if your selection finishes within the first four places (first, second, third and fourth) at a quarter of the odds (divide the winning odds by 4).
If the Golfer you have selected wins the tournament, you get returns for that player winning and also for placing. If the golfer finishes 2nd, 3rd or 4th then you get returns for the 'place' part only - your 'win' portion of the bet is not a winner.