Sports betting terms explained
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SPORTS BETTING RESOURCES AND TERMS · Action: Any bet. · Added Game: A matchup that is not part of the daily betting rotation. · Alternate lines: Some sportsbooks. A Glossary For New Sports Bettors · Accumulator – This is similar to a parlay in that it involves a series of bets in one wager. · Alternate Lines – All. An 'Each-way' bet is made up of two components, a win bet and a place bet, which means that if your selection wins the race, you are paid out on both, though. TELEGRAM ETHEREUM CLASSIC
Beard: A bet runner who places wagers for professional bettors so they can conceal their identity from bookmakers. Belmont Stakes: Third jewel in the Triple Crown of thoroughbred racing. Bet: Any wager involving money wagered at a sportsbook, casino, racebook or poker room. An exchange posts bets with two sides and the betting option remains listed until both sides are bet on. Betting exchanges profit by taking a small commission juice from winning tickets. Betting strategy: Various plans that bettors use to get a leg-up on bookmakers.
Primary betting strategies should include proper bankroll management and performing extensive research prior to placing wagers. Book: Short for a bookmaker or sportsbook that posts odds and accepts bets. Bookie: Short for a bookmaker. Bookmaker: A licensed individual who sets daily betting odds and accepts bets. Also known as a linemaker. The series is run at a variety of race tracks. Buy points : Bettors can buy points, using alternate point spreads and game totals, to gain a more favorable line.
Juice attached to the odds increases with each point purchased. Chalk: Another term for favorite. Los Angeles is the chalk side if the Lakers are a -3 point favorite over the Houston Rockets. Chalk bettor: A player that bets on favorites with the majority of their wagers Circled game: Matches that have set betting maximums, which are capped at low amounts.
Games are usually circled when bookmakers face unknowns such as player injuries, weather or rumors that surface prior to a match. Opening odds and prop options are often circled as well. Closing line: The final betting odds posted prior to the start of a competition. Co-favorite: Two or more sides with identical odds to win. Common with futures odds, bookmakers may post co-favorites to win the NBA Finals championship. Combine: A series of fitness tests that help scouts from professional teams evaluate amateur athletes.
Commission: Another term for vigorish and juice, commission is the bookmakers take on any bet. It is also the amount a betting exchange takes from winning wagers. Correct score: Bettors are offered a list of possible final scores on a match.
In soccer, players can bet on a match ending as low as or as high as plus all scores in between. The most likely result is the favorite and the least likely result is the underdog. New England winning over Miami means the Patriots would cover a point spread. Dog: Short for underdog, a dog is perceived as the least likely side to win and is tagged with plus pricing. Bettors often double their bet when they feel one side is vastly superior to another. Double result: A single betting option that combines the score of a game at halftime and the score at the end of the same game.
Double-header: Two games that are played back-to-back on the same day. Most common in baseball, a double-header will often take place if a game from the previous day was rained out. Draw: Any contest where the final score ends in a tie.
In most instances, a draw is graded as a PUSH and original bet amounts are returned. Drift: Betting odds that grow longer after the opening line is posted. E Each-way: Common in horse racing, each-way betting takes a single amount and splits it on a horse to finish first or second. Both bets pay if the horse finishes first while just one bet pays if the horse finishes second.
The return on a first place win is always higher than the return on a second place win. Edge: Gaining an advantage through extensive research or having insights that are not publicly known. Even money: Odds that return the exact amount of the original bet. Exotic Bet: Betting options beyond point spreads, moneylines and game totals. Proposition bets, specials and parlays are the most common types of exotic bets.
Exposure: Amount of money a bettor or bookmaker stands to lose on any given wager. F Favorite: Any side priced with a negative number. Two Final Four games are played prior to the National Championship game. First half bet: A wager that focused on the result of the first half in sports like basketball, soccer and football.
The most popular first half betting odds are spread, moneyline and game total options. A variety of team and player props are also offered as first half bets. Fixed odds : When a wager is placed, and a bookmaker accepts it, the line becomes fixed odds. Also a term for moneyline odds. French Open: Second of four women's and men's Grand Slam tennis tournaments that are played over two weeks in late May and early June.
Futures bet : A wager placed on an event that will take place in the near or distant future. Futures are also offered in soccer, major horse races, plus golf and tennis tournaments. If a baseball game total is set at 7. Graded Bet: A wager that bookmakers officially mark as a winner, a loser, or a push, once a competition has ended.
Winnings, or push refunds, are paid out after a bet has been graded. If there are seven games on the NFL schedule, the line may be set at H Half ball handicap: Soccer betting odds where 0. Half time bet : Wagers placed on the outcome of just the second half of a competition. A way to bet on a horse to place, show, or win Action A sports bet of any kind. Can also refer to the number of bets being placed on a certain event or line. Angles Using historical factors from previous events ATS Against the Spread Taking the spread into account when referring to the outcome of an event.
Bad Beat When a sports bet fails unexpectedly. Book Short for sportsbook. The establishment that accepts bets, and subsequently pays out winnings. Now, this is just a different colloquialism for sportsbook. Chalk The favorite.
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