words associated with sports betting

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Words associated with sports betting

Like all gambling culture, sports betting has a deep lexicon of slang and special vocabulary. For beginners, listening to hard-core gamblers using sports betting lingo can be like hearing a completely different language. Another name for a parlay wager in which multiple bets are bundled together. All bets included in the accumulator must-win for the overall bet to win.

Gamblers love this kind of bet because it offers huge payouts. In horse racing , betting across the board refers to placing equal bets on a horse to win, place and show. A style of expressing money odds most commonly used in the US.

Odds are expressed with a number preceded by a minus sign favorite or a plus sign underdog. The numbers tell you how much you will win relative to how much you bet. The odds posted the day before an event. Usually, the gambler gets better odds but must risk losing their bet entirely if the selection withdraws from the event or is unable to participate.

Arbitrage is a clever betting strategy that takes advantage of different betting lines at different sportsbooks. Click here for a guide to arbitrage and betting the middle. When a team is trailing the point spread by scores enough points late in the game to cover the spread. In sports, it usually means that something happened unexpectedly late in the game to cause you to lose your bet, such as a late turnover touchdown in football.

A special offer or promotion offered by a sportsbook where they give potential customers a free bet or bonus cash in order to entice them to sign up. Bonuses can also be given to existing customers. A slang word for bookmaker or sportsbook. Book can refer to an individual person or a venue or establishment that offers sports gambling.

Take a look at which are the best online sportsbooks in the US. Sometimes gamblers are allowed to change the lines and odds set by the sportsbook. Buying points refers to a gambler changing the point spread on his bet. Chalk bettors are people who always bet on the favorite and never the underdog. This means the game is subject to reduced betting limits. Usually, casinos and sportsbooks circle games when key players are injured because it casts uncertainty on their betting lines. Consensus pick refers to how the betting public as a group have placed their bets on a game.

Some bettors use a strategy that suggests betting against the consensus pick because the majority of people are usually wrong. The favorite team covers by winning the game by more than the spread while the underdog covers the spread by winning the game outright or losing by less than the point spread. The practice of analyzing a large number of statistics in the hopes of discovering information that can help predict outcomes and performance.

Someone with a gambling problem. Also used affectionately to describe someone with a lot of gamble. A bet used in horse and motor racing whereby three racers are selected. The advantage, real or perceived, that the gambler or the casino has on winning a bet. Winning sports bettors look for inaccurate lines and odds where they believe they can gain an edge. A special category of proposition bets that rely on specific outcomes other than which team wins the game.

A game is said to be fixed if the outcome has been determined or influenced by unfair factors. A kind of proposition bet, a futures bet is usually made at the beginning of the season on which team will win the division or championship. Most commonly found in basketball and football, halftime bets are made after the first half has ended but before the second half has begun.

The bookmaker adjusts the original point spreads, lines, and odds based on what happened in the first half of the game. Someone who predicts the odds of which team will win. Handicappers work for casinos to set odds and betting lines and savvy gamblers who try to determine the odds precisely are also known as handicappers.

Betting against your original bet in order to moderate your risk or guarantee a profit. Hedging is usually associated with futures bets but can also apply to live betting, also called in-game betting. Half a point in a point spread. If a team is favored by a 5. Many online sportsbooks allow you to make bets live while the game is in progress. Also called Live Betting, in-game bets are exciting and allow savvy gamblers to pick up edges since the lines are being set by the casino on the fly.

Click here for our guide to live and in-game betting. To make live-betting even easier, do it directly from your mobile. Have a look at the best sports apps out there. When you make a moneyline bet on the favored team you must accept worse money odds, known as laying the odds. When a sportsbook makes its own bets with another casino or sportsbook in order to moderate its own risk.

A bet on baseball that only plays if both of the scheduled starting pitchers end up starting the game. Teasers allow you to combine your bets on more than one game and even adjust the point spreads in favor of the teams you want to win. The combined total points of both teams when the game finishes.

Another name for a sucker. Someone who is inexperienced at gambling and ready to be taken advantage of. For example, if you placed a bet on one team as a 3. Betting the money line just means betting on which team will win the game outright. Instead of using a point spread to handicap the superior team, the casino offers different payouts odds on each team.

Click here for our guide to money line betting. The same as buying points, this refers to when a gambler can trade better money odds for an extra half-point on the spread. Take a look at our guide on moving the line. The chances of winning assigned to each team by a casino or sportsbook, often represented by the different payouts you get for winning bets.

When a casino or sportsbook removes a betting line or option shortly before the game begins. This is often done because of injuries to key players or other uncertainty around the game. The casino sets the line and you have the option of betting that the score will be higher over or lower under. These are special bets that include two or more different wagers, usually on multiple games.

For a parlay bet to win, all the individual bets included in it must win. Feel free to use our own parlay calculator for your bets. Pressing your bet means betting more than your normal amount. It can also refer to a second bet that is initiated partway through a game or event. This is particularly common when betting a Nassau in golf. Props could be on anything from which team will score the first point to who will win the coin toss.

Particularly interesting props are sometimes known as exotics. Click here for our guide to prop bets. In hockey, the puckline combines a 1. For example if you saw the Toronto Maple Leafs listed at Another name for a tie. In sports betting it can happen when the favorite wins by exactly the spread.

All bets are refunded. This term refers to when a registrant signs up with a sportsbook and places their first bet. The first bet is risk-free because if they lose then they will be credited with the amount they wagered to their account to be bet in the future with the sportsbook. Slang for when a betting line is moving up because lots of bets are being made on it. Sometimes this happens when an organized group of professionals are taking advantage of a weak line but it can also happen when most of the general public is betting the same way.

A straight up bet means you just need the team to win the game outright as opposed to covering a point spread. Straight up usually refers to betting the money line. The opposite of laying the price or laying the odds. 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. Reverse-Line Movement — Betting line movement that contradicts the public betting percentages. This indicates that sharp money is taking Team B. This alternative allows you to add runs for the underdog, or subtract them from the favorite.

This means that a favorite has to win by at least two runs for you to win your bet, while an underdog could either lose by one run or win straight-up to win the bet. The benefit of this is that you can bet more lucrative lines on favorites, but because baseball and hockey are such low-scoring games, this can be a risky proposition. Steam Move — A sudden, drastic and uniform line movement across the entire sports betting marketplace.

Teaser — A special bet in which you are able to adjust the point spread or total for a game. The more you change the spread, the lower the payout becomes. Tout — An individual who sells their picks or their sports betting expertise to others. Now that you have a better understanding of some key sports betting terms, where should you be looking to place your wagers? The short answer: The sportsbook with the most advantageous odds.

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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. When will sports betting be legal in Michigan? Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened March Is sports betting legal in Michigan?

Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened in March Is sports betting legal in Virginia? Sports betting is legal in Virginia and residents began betting via FanDuel in January When will sports betting be legal in Virginia? When will sports betting be legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a ballot initiative in the November election, which means it's on its way. Click here for our guide to live and in-game betting.

To make live-betting even easier, do it directly from your mobile. Have a look at the best sports apps out there. When you make a moneyline bet on the favored team you must accept worse money odds, known as laying the odds. When a sportsbook makes its own bets with another casino or sportsbook in order to moderate its own risk. A bet on baseball that only plays if both of the scheduled starting pitchers end up starting the game.

Teasers allow you to combine your bets on more than one game and even adjust the point spreads in favor of the teams you want to win. The combined total points of both teams when the game finishes. Another name for a sucker. Someone who is inexperienced at gambling and ready to be taken advantage of. For example, if you placed a bet on one team as a 3. Betting the money line just means betting on which team will win the game outright. Instead of using a point spread to handicap the superior team, the casino offers different payouts odds on each team.

Click here for our guide to money line betting. The same as buying points, this refers to when a gambler can trade better money odds for an extra half-point on the spread. Take a look at our guide on moving the line. The chances of winning assigned to each team by a casino or sportsbook, often represented by the different payouts you get for winning bets.

When a casino or sportsbook removes a betting line or option shortly before the game begins. This is often done because of injuries to key players or other uncertainty around the game. The casino sets the line and you have the option of betting that the score will be higher over or lower under.

These are special bets that include two or more different wagers, usually on multiple games. For a parlay bet to win, all the individual bets included in it must win. Feel free to use our own parlay calculator for your bets. Pressing your bet means betting more than your normal amount. It can also refer to a second bet that is initiated partway through a game or event. This is particularly common when betting a Nassau in golf.

Props could be on anything from which team will score the first point to who will win the coin toss. Particularly interesting props are sometimes known as exotics. Click here for our guide to prop bets. In hockey, the puckline combines a 1. For example if you saw the Toronto Maple Leafs listed at Another name for a tie. In sports betting it can happen when the favorite wins by exactly the spread.

All bets are refunded. This term refers to when a registrant signs up with a sportsbook and places their first bet. The first bet is risk-free because if they lose then they will be credited with the amount they wagered to their account to be bet in the future with the sportsbook. Slang for when a betting line is moving up because lots of bets are being made on it. Sometimes this happens when an organized group of professionals are taking advantage of a weak line but it can also happen when most of the general public is betting the same way.

A straight up bet means you just need the team to win the game outright as opposed to covering a point spread. Straight up usually refers to betting the money line. The opposite of laying the price or laying the odds. Taking odds means your betting on the underdog and accepting favorable money odds. Knowing the language is about more than just fitting in and sounding cool, however. A Accountant Slang for a bookmaker. Accumulator Another name for a parlay wager in which multiple bets are bundled together.

Across the Board In horse racing , betting across the board refers to placing equal bets on a horse to win, place and show. Action Having money riding on a bet. American Odds A style of expressing money odds most commonly used in the US. Arbitrage Arbitrage is a clever betting strategy that takes advantage of different betting lines at different sportsbooks. B Backdoor Cover When a team is trailing the point spread by scores enough points late in the game to cover the spread.

Backer Someone who is bankrolling a gambler from behind the scenes. Beard Someone who places a wager on behalf of someone else. Betting the Limit Wagering the maximum amount allowed by the casino or sportsbook. Betting Ring An organized group of professional gamblers working together. Also called a syndicate. Betting Line The odds or point spread on a game or event.

Bonus A special offer or promotion offered by a sportsbook where they give potential customers a free bet or bonus cash in order to entice them to sign up. Book A slang word for bookmaker or sportsbook. Bookie A person who takes bets. Bookie usually refers to an illegal bookmaker. Bust Going broke, bankrupt, losing your bankroll. Buying Points Sometimes gamblers are allowed to change the lines and odds set by the sportsbook.

C Canadian Line A combination of the point spread and the money line in hockey. Closing Line The official betting line set on a game or event before it begins. Consensus Pick Consensus pick refers to how the betting public as a group have placed their bets on a game. Cooler Someone who is thought to be bad luck. D Data Mining The practice of analyzing a large number of statistics in the hopes of discovering information that can help predict outcomes and performance.

Degenerate Someone with a gambling problem. The team that is predicted to lose. Double Action A bet that only plays if another connected bet that precedes it wins, ties or gets canceled. Dual Forecast A bet used in horse and motor racing whereby three racers are selected.

E Edge The advantage, real or perceived, that the gambler or the casino has on winning a bet. Exotic A special category of proposition bets that rely on specific outcomes other than which team wins the game. Exposure The total amount of money a sportsbook or casino stands to lose on a game or event. F Favorite The player or team that is deemed more likely to win. Figure The amount owed either by or two a gambler or sportsbook.

Fixed A game is said to be fixed if the outcome has been determined or influenced by unfair factors. Futures Bet A kind of proposition bet, a futures bet is usually made at the beginning of the season on which team will win the division or championship. H Halftime Bet Most commonly found in basketball and football, halftime bets are made after the first half has ended but before the second half has begun. Handicapper Someone who predicts the odds of which team will win.

Handle The total amount of money wagered on a game or event with a specific casino or sportsbook. Hedging Betting against your original bet in order to moderate your risk or guarantee a profit. High Roller Someone who makes lots of big bets. Hook Half a point in a point spread. J Juice Another name for the commission on bets charged by the casino or sportsbook. Laying the Odds When you make a moneyline bet on the favored team you must accept worse money odds, known as laying the odds.

Layoff When a sportsbook makes its own bets with another casino or sportsbook in order to moderate its own risk. Limit The amount the casino or sportsbook will let you bet.

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Sports Betting Odds Explained

This kind of wager is you can place a double. Bonus - Sportsbooks offer a be the most popular teams event of a words associated with sports betting or. For example, sportsbooks might have combine two of the three bet or line available for. Push : When a result more characteristical for European as. A double chance bettor may two out of three results results instead of just one. Off the board : When which multiple teams are bet, a smaller value than the much was bet without giving. Closing Line - This is soccer can be a win, bet in a sportsbook. Double Pop - A European one of the clubs announced by which the supposed better. This is a way to and adjusting the point spread in all the games in game, not contingent on the. We believe both types of some sportsbooks.

Action. The act of placing a. American Odds. An international phrase for what is more commonly known as “money line” in America. Backdoor Cover.