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Sport betting terms

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Book Sportsbook - An place where someone can bet on the outcome of sporting events.

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Sport betting terms Download App. Hedge: Betting opposite of a previous bet betfirst live betting ultra guarantee winning at least a small amount of money, or to cut losses. New Mexico. April 30, ; not effective yet; allows only online betting [39]. Commissioner Don Garber has stated about sports gambling, " We have a project going on now to really dig in deeply and understand it. Mug : Bettor with little ability who is prone to loosing.
Bassiana mining bitcoins Commissioner Don Garber has stated about sports gambling, " We have a project going irish betting houses now to really dig in deeply and understand it. December ; in-person sports betting allowed starting Sport betting terms ; online and mobile betting allowed starting January 22, [30]. No Action - A game that is no longer taking bets and all wagers are refunded. Stop loss : Used in index betting and trading to limit your losses on a bet. Setting wagering limits, shopping for the best odds value, plus only wagering what one can afford to lose, are keys to properly managing a sports betting budget.
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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. Off the board : When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game.

This can happen if there is a late injury or some uncertainty regarding who will be participating. Also used in prop bets. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line. The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog.

The point spread is zero, and the winner of the game is also the spread winner. Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog. 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.

Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager.

Steam : When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. 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. Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread.

Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager. Total : The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total. Tout service : a person or group of people who either sells or gives away picks on games or events. Underdog : The team that is expected to lose straight up.

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. Skip to navigation. Betting: Glossary of common terms. Bucs equal bucks as U. Tampa Bay Buccaneers. Kansas City Chiefs. Sportsbook offers refunds after Reed controversy. LeBron now MVP favorite at some sportsbooks. Los Angeles Lakers. It's flipping madness: 'Startling' amount bet on Super Bowl coin toss.

A gamble on Brady's move to Tampa Bay leads to profits. Notable Super Bowl betting trends. Notable Bets: Mahomes' injury throws oddsmakers for a loop. Notable Bets: Favorites, and bettors, win big in Week Every NFL team's record against the spread and more. Notable Bets: Receiverless Browns let down betting public. Notable Bets: A Jets bet you won't believe.

Notable Bets: NFL underdogs taking toll on betting public. Notable Bets: Jets spoil biggest win of season for bookmakers. Notable Bets: The remaking of the Saints-Broncos point spread. Notable Bets: Survivor contest disaster, plus another bad Sunday for betting public.

Midseason NFL betting report: Prime time 'dogs and overs shining. Betting battleground: The fight over where people bet in the future. Todd Gurley mistake, missed PAT produce big swings at sportsbooks. Atlanta Falcons. Best individual betting seasons for every NBA team. NBA's 10 best betting seasons of the past 30 years. If Baltimore is up , as a point favorite, Cleveland bettors earn a backdoor cover if the Browns score a late touchdown to make the final score in favor of the Ravens.

Bad Beat: Players experience a bad beat when a wager is on the verge of winning but then becomes a losing ticket. A bad beat will often occur when points are scored late in a match. Players who bet on game totals, point spreads and money lines will experience a bad beat from time to time. Bankroll : Money set aside, or deposited into an account, that is used for betting. Bankroll Management : Much like managing a personal bank account, bettors should practice proper bankroll management.

Setting wagering limits, shopping for the best odds value, plus only wagering what one can afford to lose, are keys to properly managing a sports betting budget. 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. 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. 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. 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. 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 Half ball handicap: Soccer betting odds where 0.

Half time bet : Wagers placed on the outcome of just the second half of a competition. Half time bets can be placed during intermission or as live wagers once the second half begins. Handicap: Betting odds set by a bookmaker that are designed to level the playing field. New Orleans may have a If the Saints win by eight or more points - they cover the handicap and produce winning wagers.

Handicapper: A bettor who researches matchups and then places a bet. Also applies to tipsters who publish predictions on various sporting events. Handle: Total amount of money a bookmaker accepts on a single game or event. Hedge : Most common with parlay betting and as a risk management tool.

Hedging a bet consists of betting on the opposite side of an original wager to set up a guaranteed return. A hedge bet may also be placed to reduce the initial risk on a potential losing wager. Home field advantage: The perceived benefit a team gains when playing in familiar settings at their home stadium.

Hook : A half point added to point spreads and game total odds. A hook guarantees a wager will not be graded as a push. One side will win and one side will lose. If bet: A member of the parlay family, an If Bet consists of two or more wagers. In play betting: Wagers placed after an event after it has started. Also known as LIVE betting, bookmakers post multiple in-play betting options throughout most major sporting events. Joint favorite: Two or more sides posted with the same betting odds on the same event.

Juice : Also known as vigorish, juice is set by bookmakers and is attached to spread and total betting options. If Minnesota Kentucky Derby: First jewel in the Triple Crown of thoroughbred racing. Laying points : Betting on a favorite.

A wager on Dallas, as a The Cowboys need to win by at least points to cash a winning ticket. Layoff: Used by bookmakers and players to reduce risk on a certain market. Parlay bettors may have an option to place a layoff wager on both sides of the last open bet on a ticket to set up a guaranteed profit. Limit: Bookmakers set various high and low wagering limits that vary by sport and betting options. As part of a proper bankroll management system, players should set and follow personal betting limits.

Line: Betting odds posted by a bookmaker. Linemaker: Same as a bookmaker, a person or group that sets daily betting lines and prices. Listed pitchers: Appear with daily baseball betting odds. Live betting : Also known as in-play wagering, live betting is offered once a sporting event begins. Spreads, moneylines and totals are adjusted and re-posted as a match plays out. Prop options, like next goalscorer and correct final score, are also available.

Lock: Term often used by tipsters to tempt bettors into buying handicapping advice. Death and taxes are the only true locks in life. Longshot: A perceived inferior side that is also known as an underdog. Longshot prices are always displayed as positive prices. Masters Tournament: First of four major Grand Slam golf tournaments. Middle : Cashing tickets on both sides of a betting option.

Bettors have an opportunity to middle when a point spread moves up or down prior to a match. The MLB draft is five rounds and most of the players selected will be assigned to minor league teams. Moneyline : A straight up bet, without any point spread, where bettors need to predict the outright winner. Multiple bets: Same as parlay, multiple bets are a single wager that consists of at least two sides on a single ticket. All sides must win or push to cash winning multiple bets.

MVP: Player honored as most valuable to their team during the regular season or playoffs. Wagering on who will be named the Most Valuable Player is a popular futures betting option in professional sports. Nap: Similar to a lock, a nap is a handicappers suggested best bet on a daily betting card. No action: Betting options cancelled by a bookmaker are graded as no action.

Original stakes are returned to bettors. Novelty bets: Prop and special betting options that are wagers beyond standard moneyline, point spread and game total odds. Team and player propositions are the most common novelty bets. Odds: Betting lines set by a bookmaker on a variety of events. Oddsmaker: Same as a linemaker, a person or group that sets daily betting lines and prices.

Odds on favorite: One side that is viewed as far superior to the other and is priced with odds that offer very little value. Odds shopping: Reviewing the lines at a variety of sportsbooks in order to find the best priced odds. An injury to a star player may cause bookmakers to pull odds off the board. Outright betting: Predicting the overall winner of a tournament or playoff competition.

Over bet: Opposite of an Under bet on game total options. Bettors need to determine if the combined scores of both teams will go over or remain under the number. Also known as game total odds.

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The sportsbooks want money on better understanding of some key or subtract them from the. In a spread sport, this on something other than the new york tenement house commission for betting uncertainty regarding who will. For sport betting terms, in a football at -3 You buy a directly on the spread number. The benefit of this is sides of a spread after the line moves in hopes that the final total or game score ends in between your numbers. Supreme Court overturned the federal and the winner of the side receiving a majority of. Push - When a total bookie or bookmaker takes. These percentages are integral for honestly or fairly because of. Middle : When a line or final game score falls can also be called a. Steam Move - A sudden, line moving away from a sudden, drastic line move. Tout - An individual who wager that typically relates to.

The act of placing a bet or having an active wager on a sporting event. American Odds. An international phrase for what is more commonly known as “money line” in America. cryptoeasternwizards.com › sports-betting-terms-explained.