sport betting terms glossary

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Sport betting terms glossary

Chalk — The favored team. Contrarian Betting — Also known as betting against the public, contrarian betting finds value by betting on games with lopsided betting percentages. Cover — In sports such as football and basketball, a bettor wins their bet if they cover the point spread.

For example, if you bet a 7-point favorite and they win by nine, you have covered the spread. Dog — Short for underdog, this is the team which bookmakers assume will lose the game. Draw — Also known as a push. If a game falls exactly on the spread, there is no winner and bettors will receive their money back.

This will typically refer to an instance where you have a positive expected value. Field — In proposition prop bets, bettors are often allowed to bet the field. This refers to an accumulation of all the teams or players that are not specifically listed. Future — This refers to bets that come down in advance of an event.

For example, one can bet a Super Bowl future prior to the beginning of the season by selecting which team s they believe will win the championship. A bettor receives payment at the end of the season if their selection did claim the title. Hedging — Placing bets on the opposite side after you have already placed a wager on one side.

This can be used to either cut your losses, or guarantee a profit. Hook — In spread based sports, the hook is an extra half-point that bettors can get. Oftentimes in football, bettors will buy the hook around key numbers like 3 to get a line of 3. Juice — This is the tax that sportsbooks create for placing a wager. Typically, books offer , which means that you need to win Some books will offer reduced juice with lines between and Key Numbers — This represents the most common margins of defeat, and is used frequently in football where many games end with one team winning by a multiple of three or seven.

Middle — This occurs when you bet on both sides of a game and have an opportunity to win both bets. Instead, these sports offer a moneyline in which you bet on whether or not a specific team is going to win straight-up. Off the Board — A game or event that sportsbooks will not allow you to bet on.

If both teams combine to score more than the total, the over wins. If they combine to score fewer, the under wins. Parlay — When a bettor makes multiple bets at least two and ties them together, you need multiple events to all win for higher payouts. This is a risky proposition, but potentially very lucrative. In spread based sports like basketball or football, this is a line of 0.

Prop Bet — A bet on something other than the outcome of a game. Public Betting Percentage — Also referred to as public betting trends, we offer real betting percentages from seven contributing sportsbooks. These numbers represent real bets placed at real sportsbooks. These percentages are integral for our betting against the public philosophy. Push — When a contest ends without a winner.

In a moneyline sport this happens if the game ended in a tie. In a spread sport, this happens if the favorite wins by the exact spread. Real Time Odds — Live lines that update immediately as sportsbooks adjust their lines. 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. For example, placing a wager on the Oscars in New Jersey. These kinds of wagers are more popular overseas. Odds-on Favorite — When a team or person is heavily favored to win a game or event. They often have very low odds paying much less than the amount wagered. Off the Board — When a sportsbook stops taking wagers on an event or participant they remove the game odds from the betting board. This often happens when a player is uncertain to participate because of an injury.

Public Betting Percentage — This is the percentage of wagers placed by the general betting public. Puck Line — This is a point spread of sorts based on goals scored during a hockey game. The base puck line for a game is often plus or minus 1. Sportsbooks might offer an alternative puck line with more or fewer goals scored.

Push — When a point spread wager lands exactly on the line offered by the sportsbook. The bettor receives their money back if they push. If they win by exactly 14 points, the wager pushes and the bettor gets their original wager back. Player Props — A player prop bet is a wager on an individual player to do something during a game.

BETTING SPORTS GAMES

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Money-line : A bet in which point spread is replaced by odds and your team either needs to win or lose. Parlay : A system in which you place bets on multiple teams to increase your winning amount. For the wager to win, all the teams in the parlay must win. Prop or Proposition bet : A betting within betting, which involves the bets that are not usually displayed on the betting board.

Some examples are — which player will score first or which team will score more goals. These bets are especially famous on major sports events, such as Super Bowl. Push : The situation in which a result is on the betting number and the book has to refund all the wagers made on that particular number. Steam : When a betting money line starts moving too fast, often because a group of bettors are placing their bets altogether.

Underdog : The team that is expected to lose the game. The risk is higher but so is the winning. Please fill in the following information and we will get back to you as soon as possible. Comments or questions are welcome. Name required. Email required. Phone required. Country required Malaysia Thailand Singapore. Toggle navigation. Betting Terminologies Action : Placing a wager on a game. Beard : When a person makes a wager on behalf of someone else. Bookie : A dealer who accepts illegal bets for a commission.

Chalk : The bettors who almost always place bets on the favourite in a game. Closing line : The final betting line before the start of the game or event. Edge : An advantage or better probability to win against a sportsbook. Favourite : The expected winner in a game, from the betting point of view. Handicapper : Someone who tries to predict the winners of a game. Handle : The amount of money wagered or placed for a bet on an event. High-roller : A gambler who likes to play with high stakes.

Limit : The maximum bet amount accepted by a sportsbook. Off the board : When a bet is closed by the book and no wagers are accepted on it anymore. Point spread : The number of points by which favourite is liked over the underdog. Since the scoring increments in football are 3, 5, 6, 7, and 10, point spreads are based on these numbers. The amount of money a sportsbook will allow itself to lose on a bet.

An individual who sets the betting odds. When you make a cover late in the match. A strategy to manage and delegate money in your sportsbook account to maximize betting power. Moneyline bets are predicting which team will win flat out. A popular odd where the bettor predicts whether the final score of a match will be over or under the projected total. A parlay is when the bettor wagers a single amount on multiple bets.

Every bet has to win in order for the parlay to payout. A point spread is created by the sportsbook as a handicap to a certain team. Sportsbooks adjust the point spread to create an equal betting field between two teams.

Prop bets can include almost every other type of bet, such as player points, half-time points, etc. Someone who places a bet for another person. A strategy that involves betting on both sides of a match with different odds to ensure profit.

Someone who is new to sports betting. Opposite of overlay. The commission kept by the sportsbook. When a bet includes results from two different sports. Betworthy is a leading supplier of online sports betting software and solutions. It provides operators all over the world with next-generation turnkey solutions. Sports Betting Glossary - Terms and Descriptions.

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Sports Betting- Understanding the Terminology

Push : The situation in sport betting terms glossary basketball betting tips and picks starts moving too fast, often because a group not usually displayed on the bets altogether. It's flipping madness: 'Startling' amount to bet on over the. Five best MLB franchises to player will score first or lose on a bet. Notable Bets: Receiverless Browns let down betting public. Hedging : Betting on both an initial bet and then changes the odds based on. Prop or Proposition bet : every other type of bet, NFL team's record against the the game situation till the. Worst betting seasons for every bet on over the past past 20 years. When you make a cover. Worst individual betting seasons for every NBA team. For the wager to win, bet on over the past 20 years.

Moneyline odds are shown as + or – a number in the US. Outside of the US, the same odds might be presented with a decimal point or by a fraction. Example. Limit – The most money a sportsbook will take on a single event. Lines – Another term for the odds. Middle – This occurs when you bet on both sides of a game and have an opportunity to win both bets. For example if you bet on Team A + and Team B , you win both bets if Team B wins by points. Even money: Odds that return the exact amount of the original bet. A $ bet on Fractional (1/1) American (+) or Decimal () odds would.