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Sports Betting Glossary: Common Terms You Need To know

Sports betting can be a lot of fun, especially if you know the lingo. However, for those who are new to the game, the jargon can be confusing. To help you out, we’ve compiled a list of common terms you need to know in the world of sports betting.

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  1. Fade the public: This term refers to betting against the majority. In other words, if everyone is betting on one team, you bet on the other team. This is a popular strategy among experienced bettors, as the public can often be wrong.
  2. Lock: When a bettor is extremely confident in their pick, they may refer to it as a lock. However, in the unpredictable world of sports, there is no such thing as a guaranteed win.
  3. Juice: The juice refers to the commission that sportsbooks take on each bet. It is also known as the vig or vigorish. For example, if a bet has -110 odds, that means you need to bet $110 to win $100. The extra $10 is the juice that the sportsbook takes.
  4. Sharp: A sharp is someone who is an expert in sports betting. They have a lot of experience and knowledge and are usually successful bettors. If you’re looking to improve your betting skills, it’s a good idea to follow the advice of sharps.
  5. Square: On the other hand, a square is someone who is new to sports betting or doesn’t have a lot of knowledge. They often make bets based on their emotions or gut feelings rather than using logic or strategy.
  6. Chalk: When the favorite is expected to win, they are known as the chalk. This term comes from the fact that their odds are usually displayed in white on a blackboard or betting board.
  7. Underdog: The underdog is the team or player that is expected to lose. They usually have longer odds and are considered to be the less likely winner.
  8. Bad beat: A bad beat is when you lose a bet that you thought you had won. This can happen due to a last-minute score or unexpected event.
  9. Steam: When a lot of money is being bet on one side, it’s known as steam. This can be a sign that sharps or other experienced bettors are backing that side.
  10. Push: A push occurs when the final score of a game is exactly the same as the point spread. In this case, no one wins or loses the bet, and the money is refunded.

Now that you’re armed with some sports betting knowledge, you can confidently place your bets and impress your friends with your newfound expertise. Just remember, even the most experienced bettors can have a bad day, so always gamble responsibly.

Written by Punters Digest

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