Sports betting terms
Complete list of betting terms & sports betting terms for that gives you an easy-to-understand definition of common gambling terms and language. Other terms · Trixie – 4 bets consisting of 3 selections. · The Patent – 7 bets consisting of 3 selections. · The Yankee – 11 bets consisting of 4 selections. A pick 'em refers to a spread or moneyline bet in which there is no favorite or underdog. Oddsmakers have determined that both teams or both. Wagering Terms - The Ultimate Betting Glossary. Whether you are new to sports betting or an experienced bettor, Wagering Terms helps you learn more about key.
Sports Betting Terms Glossary – Betting Terms From A to Z Explained
What is 50 in betting slang? Bull's Eye – Betting slang for £50.
What is a minus 1.5 spread? What Does a +1.5 Spread Mean? A +1.5 spread is commonly seen in baseball betting, the standard “runline” for MLB. This spread means the underdog must win outright or lose by exactly one run to cover the spread. Alternatively, a -1.5 spread means that the favorite must win by at least two runs.
What does +/- mean in betting? A plus (+) represents longer odds, in which case you'll win more for your wager, while a minus (-) means you're betting on a more likely outcome (as deemed by the sportsbook) and will win less when you emerge victorious. For example, $100 on +110 odds wins you $110, while $110 on -110 odds wins you $100.
What are things gamblers say? Here is our list of the 15 most common gambling idioms and phrases you need to make sense out of the chatter.
- “Ace in the hole” ...
- “All bets are off” ...
- “Bet/betting the farm” ...
- “Down to the wire” ...
- “Hit the jackpot” ...
- “In the cards” ...
- “Luck of the draw” ...
- “No dice”
What is betting slang for 500? Monkey – Betting slang for £500.
How do you read betting terms? In American sports betting, odds are typically expressed with a plus (+) or minus (–) symbol followed by a number. For example, +200 signifies the amount a bettor could win if wagering $100. If the bet works out, the player would receive a total payout of $300 ($200 profit + $100 initial stake).
What does -+ mean in sports betting? The “+” and “-” are put in front of odds or lines, indicating the favorites and underdogs. The favorites will be marked with a minus sign, whereas underdogs have a plus sign. This is the case for all types of bets, including moneylines and point spreads.
What does minus 2.5 mean in betting? An example of a spread is a spread at -2.5. When a team is favored, it's listed as -2.5. It's important to remember the favored team is always listed alongside the minus sign. As for the underdog, that team is always listed with a plus sign. In our example, the underdog would be +2.5.
What does (- 0.5 mean in betting? In a 0.5 Asian Handicap, it depends if you placed a bet on the favourite (-0.5) or the underdog (+0.5). In case you wager on the favourite, this team needs to win for you to have a winning bet. But if you bet on the underdog, your bet will be considered a winning one if that team wins or in the case of a draw.
What does +4.5 mean in sports betting? In basketball, you might see a point spread of -4.5/+4.5, which means the favored team will need to win the game by five points or more for your bet to cover the spread. If you bet on the underdog, they simply need to win the game or lose the game by less than four points. If they lose by five, your bet won't cash.
What does minus 6.5 mean in betting? In this example, the Rams are the favorite, with -6.5 suggesting that the betting market believes Los Angeles is 6.5 points better than Pittsburgh in this particular matchup. A point spread bet on the Rams -6.5 means you need them to defeat the Steelers by at least seven points to win your bet.
What do the betting terms mean? Book (Sportsbook) – A place where someone can bet on the outcome of various sporting events. Buck – A $100 bet. Chalk – The favorite in a game. Consensus – Percentage of the betting public on each side of a game. Some bettors will bet against the “public money” (whichever side more bettors have placed their bets on).
What does minus 170 mean in betting? The numbers next to the teams, such as +150 and -170 in the example above, represent the money line payouts, and they're connected to the calculated odds. The negative number shows how much has to be risked to win a $100 payout.
What does (- 2.5 mean in betting? The point spread is a number created for every betting matchup with the goal to have an equal amount of people bet on each side. If your side wins, you win. An example of a spread is a spread at -2.5. When a team is favored, it's listed as -2.5.
What is +200 in betting? What Does +200 In Betting Mean – The Opposite Of -200 Odds? The opposite of betting at minus odds is plus odds, which essentially means you stand to win more than your wager in return if your bet wins. At +200 odds, you aim to win twice the amount you risk on any selection.
Sports Betting Glossary: Odds, lines, spreads, futures and more
Grade -- The certification of wagering results. When the game ends, betting tickets are graded as winners or losers. Hit rate -- The percentage at which an athlete has exceeded a proposition total -- such as a basketball player's line for combined points, rebounds and assists -- or the winning percentage for an individual bettor.
Hold, vig, juice -- The hold is the difference between what has been taken in by the sportsbook and what has been paid out. Laying points -- Betting on a favorite. A wager on a team as a 2. Money line -- A bet in which the point spread is replaced by odds, so a favorite needs only to win the game, while an underdog must win it outright. Odds boost -- An increased payout offered by a sportsbook, typically as a promotion.
Odds-on favorite -- A strong favorite that has, or is seen as having, a better-than-even chance to win and thus pays less than even money. For example, a team with odds to win a title entering the playoffs is said to be the odds-on favorite. This can happen if there is a late injury or some uncertainty regarding who will be participating.
Also used in prop bets. The point spread is zero, and the winner of the game is also the spread winner. For example, a team prop could be offered for which team will score first. A player prop could be offered for how many yards a player will gain. Sometimes called a "game within a game. Puck line -- A type of market specific to hockey games. It is the equivalent of a spread and is usually set at 1.
For example, a 3-point favorite wins by exactly three points. Sports betting terms Run line -- A type of market specific to baseball games. Same-game parlay -- A specific type of parlay in which bettors can string together multiple types of bets from the same game. For example, a person could bet on the spread, total and player props.
It can be a result of a group of bettors all getting their bets in at the same time. It can also occur when a respected handicapper recommends a bet to their followers, or when people react to news such as a key injury or a change in weather. Teaser -- A bet that adjusts the point spread in the bettor's favor in exchange for having to pick multiple winners to win the wager.
While parlays pay out more than straight bets, you will win them far less frequently. Both legs of the parlay have juice. Two-leg parlays generally pay in the 2. The number of legs in a parlay and the juice of each leg will determine your parlay payout. Teasers are similar to a parlay in that you tie two or more bets together. But instead of getting a greater payout, you get a cushion in each leg of a teaser.
When using the Jets vs. 
Ravens example from above, if teased the Ravens In this scenario, the Ravens would need to win the game by one point or more, and the game total would have to be 40 or more points for you to win. Many sportsbooks offer several teaser options, and the juice is often higher on teasers than most other bets.
Against the Spread ATS : Making a bet against the points spread where you are either taking the favorite laying points or taking the underdog taking points. Bad Beat: When a bet looks like a winner, but a low-probability outcome turns into a losing wager. Bankroll: The total amount of money you have to bet with.
Bankroll Management: Managing your bankroll in smart, structured ways. Buying Points: Paying a fee to adjust a line. For instance, if you want to bet on a Confidence Pools: A variant of a winner pool where you still pick the winner of each game in the pool. However, you order those selections, so each has a different value. Cover: A bet wins when the spread is covered. For example, if a team is a 3-point favorite and wins by four points, they cover.
Draw: Another word for a push. For example, if a team is a 3-point favorite and wins by three, bets on the favorite and the underdog end in a draw, meaning there is no winner. In these instances, bets on both sides are refunded. Edge: Having an advantage on a bet.
An example of having an edge on a bet would be if injury news breaks on a starting quarterback that casts doubt on their ability to play. For example, using the Jets vs. According to your model, betting on Baltimore as a Favorite: The side of a contest favored to win. Favorites are priced with a negative number, such as -3 against the spread or on the money line.
Field: In some prop or futures bets, a field bet accumulates all the unlisted options for that given bet. In that scenario, a sportsbook may offer a Buffalo vs. A field bet in this scenario would be betting on the rest of the AFC. Future: Bets that are made weeks in advance of a future event. Examples of futures bets are betting on who will win their division or the Super Bowl before the season starts.
Handle: The amount of money a sportsbook takes on a given event. Handicapping: The process of predicting outcomes of teams and players in sports. Hedging: Placing a bet on the other side of your original bet to mitigate loss or guarantee a profit. That would guarantee a profit regardless of which team covers on Sunday Night Football.
Cover — The betting outcome on a point spread bet. For a favorite to cover, it must win by a number higher than the spread. An underdog can cover by losing by a number less than the spread or by winning the game outright. Future Bets — A bet on events that will settle further in the future, like who will win a division or who will win a championship before or during the regular season.
Hedging — Betting the opposite of a previous bet to guarantee a win and profit in some capacity. In-game wagers — Bets made after a game has started. Limit — The maximum amount a player is allowed to wager on a single bet. What does it mean to double in blackjack Lock — A wager that is considered to be a sure thing by the bettor that placed it.
Moneyline Bet — A bet that is contingent on whether a team will win or lose the game outright. No Action — A game that is no longer taking bets and all wagers are refunded. Off the Board — A game bettors can no longer wager on, usually because it has already started.
Over — The combined score of two teams is more than what the sportsbook set the total at. Parlay — A a bet that combines multiple games for a higher payout.