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Sports betting dictionary

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Typically you would place opposite bets at two different sportsbooks. Regardless of which side wins, you are guaranteed to win a small amount. For example, say the Cardinals are playing the Cubs. Now, no matter who wins — you win! Make sense? The online equivalent to a bookie is a sportsbook.

Most online sportsbooks allow you to buy points. Meaning, you can move the point spread or total closer to a number you want. You typically would buy a. For example, the standard line is Cowboys You opt to buy the half point so your bet is the Cowboys -3 but you have to pay juice.

You bought the half point but pay more commission if you lose the bet. This is more often used in offline betting situations, but you may run across it online as well. When a gambler hedges a bet, they are betting the opposite side of a bet they have already placed in hopes of softening any blow they may receive from losing the original bet.

Simply put, these are betting odds you may find in a daily newspaper and quite often they are unreliable for the betting public to use and may be labeled for entertainment purposes only. When you see this there are a few things that have happened. The game may have already started or the game has to be rescheduled for a later date. There will be no bets taken on this event from this bookmaker. The bookmakers are good and this term is for a professional gambler that is smart in their betting.

They are known expert handicappers and money winners. People who are new to betting or ignorant on how to bet or win a bet are known in the industry as a square. This is an expert gambler that gives away their picks for free or may charge for the inside information. The most consistent touts typically charge for the information they provide on events. Join the largest and most active Sports Betting slack community. Get all the goodies in one spot straight from your mobile app with the Sports Betting Tribe!

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Sports Betting Community is a leader in iGaming industry news, media and events. To learn more about Nona Basketball check out their website. Betting Unit — A betting unit is the amount of a typical wager. Bettors may have different sized bankrolls and a unit is a way to share how much was bet without giving away a specific dollar amount.

Bonus — Sportsbooks offer a financial bonus to customers for a variety of reasons. A signup bonus is the most popular way to incentivize bettors to use a certain sportsbook. Chalk — A term for the team that is the favorite in an event. This team or player is usually a big favorite. The chalk is the expected winner by a large margin.

Circle Game — A game is circled by a sportsbook because betting limits are lower than usual. Closing Line — This is simply where the point spread is when the game begins. Closing Line Value — This term is used by bettors to measure the value of the line they wagered before the line that was the last available before a game begins.

Consensus — The general agreement about something. In sports betting consensus could be the most popular teams bet or line available for a game. Contrarian — Betting against the trends of the mainstream popular opinions. Bettors usually place contrarian wagers when there is value on the opposite opinion. Dead Heat — Another way to say that there is a tie in a finishing position. Sportsbooks have different rules on how to pay in the event of a tie or dead heat in an event.

Decimal Odds — This is a different way to present odds than Americans are used to. The math is easier to figure out for most bettors than US moneyline odds. Decimal odds are derived from a simple calculation of the amount bet x odds. For example, Vegas Golden Knights vs.

The difference of 10 dime line is the traditional profit margin for sportsbooks. Double Chance — This is a European sports betting term mostly used for soccer betting. A double chance wager allows the bettor two opportunities to win a bet. For example, a result in soccer can be a win, loss, or tie. A double chance bettor may combine two of the three results instead of just one. This gives the bettor twice the chance to win the wager.

Double Pop — A European way of saying that a bettor will bet twice the normal amount. In the US this is known more often as doubling up. Early Cash Out — A way for bettors to settle a wager for a certain dollar amount before the event is over. This is a way to lock in a profit at a smaller value than the wager would ultimately pay. Even Money — A wager that pays the same as was risked. Exacta — Choosing horses to finish first and second in a race.

This is sometimes, but rarely, offered for other competitive sports. Exotic Wager — These are non-traditional sports bets. This kind of wager is often listed as a prop bet in a sportsbook. Expected Value — This is a calculation used by a bettor to determine whether a wager should win or lose over time. Positive expected value EV bets over time is a good way to become a winning sports bettor.

Exposure — The amount of money a sportsbook potentially could lose for a specific event. For example, sportsbooks might have a lot of exposure money at risk on one team winning a championship versus another. First Half — A derivative bet that can be placed on a sport that has two halves. Football and basketball are the most popular sports to place a first half wager. Fixed Odds — These are the odds that most sports bettors will experience.

Horse bettors might experience a change in odds from parimutuel betting. Flat Betting — Simply put, this is a betting system where all wagers are the same. The wager is usually a percentage of bankroll but could also be a fixed dollar amount. Fractional Odds — Another kind of odds used mainly in Britain and Ireland. Some sportsbooks may offer derivative versions for home, away, or periods of games during the day.

Some sportsbooks may offer a similar bet for runs in Major League Baseball. Handicapper — A person who analyzes sports events to predict the winning team or player. Handle — The amount of money a sportsbook or sportsbooks take from wagers. This could be broken down by sport, region, casinos, and more. Hedge — Hedging is a strategy used by sports bettors to either reduce the risk of or to guarantee a profit from a wager.

Home Field — This the field court, rink, etc. Hook — Another way to say half of a point. For example, a team may be a 3. Joint Favorite — When there are two favorites for an event. This is mostly used in England. Kelly Criterion — A popular bankroll management strategy for a bettor who seeks to limit losses while maximizing the amount won. Layoff — When a bookmaker reduces the risk of losing wagers by placing a bet with a different sportsbook s.

This typically happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie want to alleviate potential losses. Listed Pitcher — This is a baseball bet that is active only if the pitcher listed as the starter throws the first pitch of a game. This is also known as In Play wagering. Lock — Another way of saying that a team or player will be an easy winner. Margin — This is a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread.

The Raiders must win by 11, 12, or 13 points for a win. A victory by 10 or 14 points is a push. Martingale System — A gambling system where bettors doubles the amount of a wager after losses. This system can be used for sports and other forms of gambling i. This gives a bettor multiple chances to win wagers on the same game. Matched Bet — When a bettor uses free wagers from a sportsbook operator to increase potential profit.

This is a popular technique employed in new legal US sports betting markets as promotional offers are available. Novelty Bet — Placing a wager on a non-sports event with a sportsbook.

Online sports betting portal with bookmaker reviews, current bookmaker bonuses, free betting predictions, betting guides, sport events analysis and news from the world of betting.

Nba trends betting Tissue Price — Sports betting dictionary initial odds offered by a sportsbook. When you see odds that are listed with a dollar sign that is the money line for the contest. Premium Gambling Domains Are you looking for that perfect domain name to start your iGaming brand with? This reduced juice will allow the potential for a bettor to take home more money if the wager wins. Public Betting Percentage — This is the percentage of wagers placed by the general betting public.
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Sports betting dictionary 49
West ham v liverpool betting predictions Runner — A person who places wagers at a sportsbook for someone sports betting dictionary. You want to try and find the highest value bets sports betting dictionary the lowest prices. Beard — This is a person who places a wager for another person who wishes to remain unknown. The difference of 10 dime line is the traditional profit margin for sportsbooks. This will typically refer to an instance where you have a positive expected value. True Odds — True odds are the actual odds of an event happening.
Sports betting dictionary Flat Betting — Simply put, this is a betting system where all wagers are the sports betting dictionary. For example, sportsbooks might have a lot of exposure money at risk on one team winning a championship versus another. Please, make sure that gambling and sports betting is permitted in your country before using the website. You can connect with others, find jobs, show off your services and more. For example, which player will score first in a football game? Regardless of which side wins, you are guaranteed to win a small amount. Volleyball — bettors guide.
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Sports betting jobs australia for foreigners What sports betting dictionary arbitrage and equivalent? You typically would buy a. If they combine to score fewer, the under wins. Handball - bettors guide. Hedging — Placing bets on the opposite side after you have already placed a wager on one side. Sports Betting Community is a leader in iGaming industry news, media and events. More about Unibet.
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Standard is 10 percent. Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability. Limit : The maximum bet taken by a book. Middle : When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2. She can then bet the opposite team at 3. She would then win both sides of the bet.

Money line noun , money-line modifier : A bet in which your team only needs to win. The point spread is replaced by odds. Oddsmaker also linemaker : The person who sets the odds. Some people use it synonymous with "bookmaker" and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.

Off the board : When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating. Also used in prop bets. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line.

The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner. Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog. Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain.

Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager. Steam : When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time.

It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions. Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread.

Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager. Total : The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total.

Tout service : a person or group of people who either sells or gives away picks on games or events. Underdog : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount ATS , or get better than even-money odds that it will win the game outright. Skip to navigation. Betting: Glossary of common terms. Kansas City Chiefs. Bucs equal bucks as U. Tampa Bay Buccaneers. Sportsbook offers refunds after Reed controversy.

LeBron now MVP favorite at some sportsbooks. Los Angeles Lakers. It's flipping madness: 'Startling' amount bet on Super Bowl coin toss. A gamble on Brady's move to Tampa Bay leads to profits. Notable Super Bowl betting trends. Notable Bets: Mahomes' injury throws oddsmakers for a loop. Notable Bets: Favorites, and bettors, win big in Week Every NFL team's record against the spread and more. Notable Bets: Receiverless Browns let down betting public. Notable Bets: A Jets bet you won't believe.

Longshot: A team or horse unlikely to win or have a chance at winning. The game ends up with the favorite winning by exactly 3 points, you have then "middle the game". A favorite betting method of "wise guys". Moneyline: Odds expressed in terms of money. The amount you must bet to win in favorites or the amount you win on underdogs. Morning Line: Forecast of probable odds Move The Line: A player pays an additional price to receive a half-point or more in his favor on a pointspread.

Mutuel Pool: Total amount bet to win, place or show in a race. Also total amount bet on daily double, exacta, quinella, etc No Action: A bet in which no money is won or lost. A cancelled or voided wager. Odds: Odds are the bookmaker's view of the chance of a competitor winning adjusted to include a profit. Odds-Against: Where the odds are greater than evens e. Odds Compiler The person working for the bookmaker who sets the odds following research and his own feelings.

Off the Board: A game on which bets are no longer accepted. Off-Track: Betting conducted away from the track. Official Lines: The line that the sports books use for wagering purposes. Overlay: When the odds of a given propositon are more in favor of the bettor than the house. Betting whether the total score will be over or under the expected posted total. Pari-Mutuel: A means of gambling on races in which all bets are pooled and winners are paid according to size of pool and the number of other winners.

Often shortened in US to mutuel. Parlay: A single bet including two or more teams in which all teams must win or cover for the bettor to win and receive higher payouts. Perfecta: In horse racing, a wager in which the player selects the two horses in a race to finish in 1st and 2nd places in exact order. Pick'em Game: A game which neither team or betting option is the favorite.

Also called a "pick". Place: A horse racing wager in which a horse finishes first or second. Pleasers: A pleaser is a group of NFL side straight bets combined into one bet. Pointspread: A form of handicapping in which oddsmakers predict how many points one team needs against another in order to even out the public betting on a particular game. Press: To bet or wager a larger amount than usual. Price: The odds or pointspread. Push: A pointspread that ties or combined scores of the two teams that tie the total.

Proposition Bet: A wager on a particular aspect of a game, such as how many touchdowns will be scored, etc. Quinella: In horse racing, a wager in which the player selects the two horses in a race to finish in 1st and 2nd places in any order. Reverse: In horse racing, to ask for a second exacta wager which specifies two horses in reverse order of the first exacta wager. Round Robin: A series of three or more teams in 2-team parlays.

Run Down: A line update. All the lines for a specific date, sport, time, etc. Run Line: In baseball, a spread used instead of a moneyline. Scratch: In horse racing, a horse that has been withdrawn from a race before the start. Wagers on this horse are voided.

Show: A horse racing bet in which you collect if the horse finishes first, second or third. Sides: The names of the two teams playing: the underdog and the favorite. Sided: When one side of a betting proposition wins and opposite side ties.

Single: A bet on a single result or outcome. Single Action: An "if bet" that is processed only if the precedent bet wins. Spread: An abbreviated form or another word for a point spread. Square: Unsophisticated or unknowlegable gambler. Straight Bet: A bet on one team or player. Taking the points: Betting on the underdog and taking the advantage in the point spread. Taking the price: Betting an underdog and accepting money odds. Teaser: A bet on two or more teams where the line on each team is adjusted in the favor of the bettor by a fixed number of additional points.

Like a parlay bet, all selections must be correct for the teaser to win. Ticket: Any Wager. Total: The combined number of points scored by both teams during a game, including overtime. Totals Bet: A bet in which the bettor speculates that the total score of both teams will be more or less than the line posted. Trifecta: A horse racing bet in which a player selects three horses in one race to finish first, second and third in exact order.

Under: A bet in which the total points scored by two teams will be under a certain amount. Underdog: The team perceived to likely end up losing. The team given points in a pointspread. Value: Getting the best available odds on a betting proposition. Vigorish: The commission paid to the Sportbooks. Wager: Any bet. Win: The term used to describe a 1st place finish. Winning Margin: A bet to predict the winning margin of one team over another.

Wise Guy: A well-informed and knowledgeable handicapper or bettor. With the Field: Having one horse linked with all the other horses in an event. It can apply to forecasts or in doubles. Above was a comprehensive list of sports betting terminology and a gambling glossary that we have put together. If there is any gambling or sports betting definitions that were left out of this dictionary than please contact us and let us know which sports betting terms were left out so that they can be included in the sports betting dictionary.

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