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If you've never bet before, there are likely a lot of words and phrases you've never heard before and even if you have bet before, you may not know the meaning of every saying. Action — Any wager or having a bet on a game. Bonus — Funds often acquired through various promotions given by a sportsbook. Book sportsbook — The establishment that accepts wagers bets on the outcome of sports events.

Chalk — Favorite Cover — When the favorite wins by more than the required number of points or when the underdog loses by less than the required number of points or wins outright. Dog — Underdog Futures — Wagers placed in advance on the outcome of an event. For example, a bet on a team to win a championship. Handicapper — A person who studies and wagers on sporting events. Handle — Total amount of wagers taken Hold — The percentage amount the sportsbook makes.

Hedging — Betting the opposite team or side of your original wager in order to either try to middle the game, or to reduce the downside exposure of the original wager. Hook — A half point Juice — A commission which is built into the line offerings, also known as "vig" or "vigorish.

Laying the Price — To bet the favorite by laying moneyline odds. Limit — The maximum wager accepted by the sportsbook on a particular line offering. Line — The current odds or point spread offered on a particular game. Linesmaker Oddsmaker — A person who subjectively establishes the probability of one team defeating another and by how many points. A person who creates the line or point spread. Long shot — A team that is unlikely to win. Moneyline bet — A bet on the straight-up winner of a game, underdog or favorite.

Off the board — A game in which the sportsbook is not accepting any wagers. Overlay — The odds of a particular wagering proposition are higher than they should be. Parlay — When you combine straight bets to increase payout. All selections must win for the bet to win. Pick 'em — Neither team is favored, meaning the game is considered a toss-up for betting purposes. Price — Line or odds Prop bet — A wager on a specific event happening or not happening in a game. Eg: Will Player X record a touchdown?

Round-Robin — A method of parlaying two or more teams in all possible team parlay combinations. Spread bet — A bet on the forecasted point differential between two teams. Teaser — When you alter the spreads or totals in a parlay for a better chance of winning your combined bet.

Which states in US have legal sports betting? As of , there are 21 states and Washington D. Can you bet on sports online? But while betting on sports is legal in almost half the states in the country, not all of them allow online wagering. When was sports betting legalized? When will sports betting be legal in Indiana? Sports betting in Indiana was legalized September and online gambling launched a few months later.

Is sports betting legal in Indiana? Indiana passed a bill to allow sports betting in and wagering started in October with online betting opening a couple months later. Lederer accepted the wager, ate the cheeseburger, and won the bet. Spot-fixing is an illegal activity where a person involved in the game takes steps to ensure a certain result for a proposition bet. Examples include Matt Le Tissier attempting to fix the time of a throw-in by kicking it out immediately after the game started, [5] or Ryan Tandy attempting to fix the first point scored method in a rugby league game, failing after the opposition decided against kicking a penalty goal and instead scored a try.

The fact that these minor events often contribute a minor or non-existent impact on the score or result of a game makes recruiting players for spot fixing an easier attraction than attempting to fix an entire match that may consist of dozens of players. From Wikipedia, the free encyclopedia. Bet on an event not directly affecting a game's final outcome. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources.

Unsourced material may be challenged and removed. SB Pal. Retrieved 10 November Retrieved 20 August Retrieved 29 August Bet the Super Bowl. Retrieved 24 April BBC Sport.

Some expressions you may already know while others could completely change your thinking so read up and be at the top of your game for sports recreational betting.

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