in ,

Starter’s Guide to Sports Betting Terminology

Sports betting is an exciting activity that allows you to put your knowledge of your favorite sport to the test. However, if you’re new to the world of sports betting, you may be overwhelmed by the variety of terms and jargon used in the industry. In this article, we’ll provide a starter’s guide to sports betting terminology to help you understand the essential terms and concepts.

  1. Wager: A wager is a bet that you place on the outcome of a sporting event. The amount of money you put on the line is known as your stake.
  2. Odds: Odds refer to the probability of a particular outcome in a sporting event. They’re usually expressed in one of three formats: decimal, fractional, or American.
  3. Point spread: A point spread is a handicap that’s placed on the team that’s favored to win a game. The purpose of the point spread is to even out the betting on both teams and make the game more interesting to bettors.
  4. Moneyline: A moneyline bet is a wager on the outright winner of a game, regardless of the point spread. Moneyline odds are expressed in either positive or negative numbers.
  5. Over/Under: An over/under bet is a wager on whether the total number of points scored in a game will be over or under a predetermined number set by the sportsbook.
  6. Parlay: A parlay is a bet that combines two or more individual bets into one. The payout for a parlay is higher than for an individual bet, but all of the bets in the parlay must be correct for the bettor to win.
  7. Teaser: A teaser is a type of parlay bet that allows you to adjust the point spread or total for each individual bet in the parlay. The payout for a teaser is lower than for a parlay, but the odds of winning are higher.
  8. Futures: A futures bet is a wager on the outcome of a sporting event that will take place in the future, such as a championship game. Futures odds are posted well in advance of the event and can change as the event approaches.
  9. Prop bet: A prop bet is a wager on a specific aspect of a game that’s not related to the final outcome, such as the number of yards a quarterback will throw for or the number of strikeouts a pitcher will record.
  10. Juice: Juice, also known as vigorish or vig, is the commission that sportsbooks charge for taking bets. The standard juice is 10%, which means that you’ll need to bet $110 to win $100.
  11. Handle: The handle is the total amount of money that’s been wagered on a particular game or event.
  12. Bookmaker: A bookmaker, also known as a sportsbook or bookie, is a person or company that accepts bets on sporting events.
  13. Sharp: A sharp is a professional bettor who is considered to have a significant edge over the sportsbook.
  14. Public: The public refers to the majority of bettors who are considered to be recreational bettors and who typically bet on popular teams or favorites.
  15. Steam: Steam refers to a sudden and significant change in the betting line due to heavy betting on one side of a game.
  16. Lock: A lock is a bet that’s considered to be a guaranteed winner.
  17. Chalk: Chalk refers to the team that’s favored to win a game.
  18. Underdog: The underdog is the team that’s expected to lose a game.
  19. Push: A push occurs when the final score of a game lands exactly on the point spread or total, resulting in a tie.
  20. Hedging: Hedging is a strategy that involves placing additional bets to minimize your potential losses

Now that you have finally got the hang of all the sport betting terminologies, this is wishing you a very profitable day ahead at the office guys.

Written by Punters Digest

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

    Thinking About Betting on Tennis? Leverage on Our Winning Strategies and Tricks

    Caution: Avoid Betting On These Sports While You Can