πŸ’° Sports Betting Glossary - Gambling Terms & Definitions

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For the wager to win (or pay out), all of them must cover/win. The more teams you bet, the greater the odds. Pick 'em: A game with no favorite or.


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So you basically double your money. Even Money Odds. Remember: the higher the odds, the less likely a wager is to win but the greater the rewards will be.


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So check out our basic rundown of what the lingo is, what types of bets are on a β€œfavorite,” the bettor must wager an amount greater than the amount he or she.


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Sports betting (aka sports gambling) is about to become more If the odds are minus (–), then that amount of money must be wagered to win.


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Should a game receive no action or be canceled, the wager is refunded. Arbitrage: More of an advanced wagering strategy where a player bets on both sides of.


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This means they would have to win by four or more in order to cover the words, you have to wager $ in order to win $ on your bets.


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The higher the number, the lower the odds the underdog has to pull off an upset, but the larger the payout will be should the upset occur. Nickel: A $ bet.


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This means they would have to win by four or more in order to cover the words, you have to wager $ in order to win $ on your bets.


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So you basically double your money. Even Money Odds. Remember: the higher the odds, the less likely a wager is to win but the greater the rewards will be.


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Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "​win or lose" outcome, such as fixed-odds more bets are likely to be made for the favorite, possibly to such an extent that there would be very few betters willing to take.


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Ranking every Division I college football team's strength of schedule. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total. Also used in poker, such as when a player way ahead in the expected win percentage loses on the river last card. Belmont Stakes to be June 20 at shorter distance. The point spread is replaced by odds. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line. The betting event of the s: Mayweather vs.{/INSERTKEYS}{/PARAGRAPH} Possible Durant return affecting Nets' title odds. Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread. Oddsmaker also linemaker : The person who sets the odds. For example, in a football game, if a team is a 2. Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. She would then win both sides of the bet. Fixed : A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread. Halftime bet : A bet made after the first half ended and before the second half begins football and basketball primarily. Skip to navigation. Betting: Glossary of common terms. Boston Bruins. Kansas City Chiefs. Middle : When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk. Tampa Bay Buccaneers. The participant did not play honestly or fairly because of an undue outside influence. She can then bet the opposite team at 3. James blew up a game. Sports betting's growth in U. Tout service : a person or group of people who either sells or gives away picks on games or events. People said to be "chalk" bettors typically bet the favorite. Chiefs' Mahomes consensus favorite to win MVP. Limit : The maximum bet taken by a book. Square : A casual gambler. Book: Short for sportsbook or bookmaker; person or establishment that takes bets from customers. This can happen if there is a late injury or some uncertainty regarding who will be participating. Suppose a bettor bets one team as a 2. All games have to be picked correctly to win the wager. Backdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly. Exotic: Any wager other than a straight bet or parlay; can also be called a "prop" or "proposition wager. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering. The NHL is on its way back: What it means for your betting ticket. Handle : The amount of money taken by a book on an event or the total amount of money wagered. The 10 best MLB betting seasons from the past 20 years. Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog. Over a third of the U. Futures bet : A long-term wager that typically relates to a team's season-long success. The pick, and its percentage, provides insight as to what side the public is taking in a game. Gambling on table tennis is blowing up -- but are the matches legit? In-game wagering : A service offered by books in which bettors can place multiple bets in real time, as the game is occurring. Standard is 10 percent. End of a betting era: The Brady-Belichick dynasty. MJ's other Bulls legacy: The game streak you don't know. 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. Wait, Secretariat has U. Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season. Juice : The commission the bookie or bookmaker takes. Hook : A half-point. What does a pro sports bettor do without sports to bet on? Hedging : Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. He has then "bought" half a point, and the odds of his bet will be changed. New England Patriots. 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. How does regional home-team bias impact sportsbooks? The 10 worst MLB teams to bet on over the past 20 years. The more teams you bet, the greater the odds. 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. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. The great Belichick-Brady betting debate: Who is more valuable? The point spread is zero, and the winner of the game is also the spread winner. Bad beat: Losing a bet you should have won. Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. Chalk: The favorite in the game. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2. Pick 'em : A game with no favorite or underdog. {PARAGRAPH}{INSERTKEYS}ATS "against the [point] spread" : If a team is ATS, it means it has a record against the point spread, or more commonly referred to simply as the "spread. NFL's worst betting seasons of the Super Bowl era. These esports offer an alternative. Bruins, Lightning, Knights co-favorites to win Cup. Sports bettors might feel they have an edge on a book if they think its lines aren't accurate. 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. Depending on the sport, the favorite will lay either odds or points. Push : When a result lands on the betting number and all wagers are refunded. Underdog : The team that is expected to lose straight up. For example, a 3-point favorite wins by exactly three points. Steam : When a line is moving unusually fast. Sometimes called a "game within a game. Also used in prop bets. It's especially used when the betting result is decided late in the game to change the side that covers the spread. Money line noun , money-line modifier : A bet in which your team only needs to win. Edge: An advantage. Off the board : When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. The New England Patriots. Someone who typically isn't using sophisticated reasoning to make a wager. Brady streak in peril with Bucs Week 1 underdogs. The NBA is on its way back: What it means for your betting ticket. Total : The perceived expected point, run or goal total in a game. Favorite : The expected straight-up winner in a game or event. Best bet of the s?