This kind of wager is often listed as a prop bet in a sportsbook. Expected Value — This is a calculation used by a bettor to determine whether a wager should win or lose over time. Positive expected value EV bets over time is a good way to become a winning sports bettor. Exposure — The amount of money a sportsbook potentially could lose for a specific event. For example, sportsbooks might have a lot of exposure money at risk on one team winning a championship versus another.
First Half — A derivative bet that can be placed on a sport that has two halves. Football and basketball are the most popular sports to place a first half wager. Fixed Odds — These are the odds that most sports bettors will experience. Horse bettors might experience a change in odds from parimutuel betting. Flat Betting — Simply put, this is a betting system where all wagers are the same.
The wager is usually a percentage of bankroll but could also be a fixed dollar amount. Fractional Odds — Another kind of odds used mainly in Britain and Ireland. Some sportsbooks may offer derivative versions for home, away, or periods of games during the day. Some sportsbooks may offer a similar bet for runs in Major League Baseball. Handicapper — A person who analyzes sports events to predict the winning team or player.
Handle — The amount of money a sportsbook or sportsbooks take from wagers. This could be broken down by sport, region, casinos, and more. Hedge — Hedging is a strategy used by sports bettors to either reduce the risk of or to guarantee a profit from a wager.
Home Field — This the field court, rink, etc. Hook — Another way to say half of a point. For example, a team may be a 3. Joint Favorite — When there are two favorites for an event. This is mostly used in England.
Kelly Criterion — A popular bankroll management strategy for a bettor who seeks to limit losses while maximizing the amount won. Layoff — When a bookmaker reduces the risk of losing wagers by placing a bet with a different sportsbook s.
This typically happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie want to alleviate potential losses. Listed Pitcher — This is a baseball bet that is active only if the pitcher listed as the starter throws the first pitch of a game. This is also known as In Play wagering. Lock — Another way of saying that a team or player will be an easy winner. Margin — This is a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread.
The Raiders must win by 11, 12, or 13 points for a win. A victory by 10 or 14 points is a push. Martingale System — A gambling system where bettors doubles the amount of a wager after losses. This system can be used for sports and other forms of gambling i.
This gives a bettor multiple chances to win wagers on the same game. Matched Bet — When a bettor uses free wagers from a sportsbook operator to increase potential profit. This is a popular technique employed in new legal US sports betting markets as promotional offers are available.
Novelty Bet — Placing a wager on a non-sports event with a sportsbook. For example, placing a wager on the Oscars in New Jersey. These kinds of wagers are more popular overseas. Odds-on Favorite — When a team or person is heavily favored to win a game or event. They often have very low odds paying much less than the amount wagered.
Off the Board — When a sportsbook stops taking wagers on an event or participant they remove the game odds from the betting board. This often happens when a player is uncertain to participate because of an injury. Public Betting Percentage — This is the percentage of wagers placed by the general betting public. Puck Line — This is a point spread of sorts based on goals scored during a hockey game.
The base puck line for a game is often plus or minus 1. Sportsbooks might offer an alternative puck line with more or fewer goals scored. Push — When a point spread wager lands exactly on the line offered by the sportsbook. The bettor receives their money back if they push. If they win by exactly 14 points, the wager pushes and the bettor gets their original wager back. Player Props — A player prop bet is a wager on an individual player to do something during a game.
For example, which player will score first in a football game? Power Ranking — AKA Power Rating — Creating a ranking score for each team so that a bettor, handicapper, or sportsbook can create a point spread. Experienced handicappers use their point spreads to compare with a sportsbook in order to find the best bets available. Reduced Juice — When a sportsbook lowers the vig on a game. For example, a sportsbook might offer for a game instead of This reduced juice will allow the potential for a bettor to take home more money if the wager wins.
Reverse Line Movement — When a line or point spread moves differently than the money wagered on the game or event. Round Robin — A wager that involves making multiple parlay bets at the same time. Run Line — This is a point spread of sorts for baseball games based on the number of runs scored. The run line is typically plus or minus 1. Sportsbooks might offer an alternative run line with more or fewer runs scored.
Runner — A person who places wagers at a sportsbook for someone else. This person may also be known as a beard. Sharp Money — Money wagered by sports bettors that a sportsbook operator respects. Sharp money often comes from large wagers placed by professional bettors.
It should be noted that not all large wagers are considered Sharp. Square — A casual and recreational sports bettor. This is someone betting on sports as a hobby. Steam — This is when odds change because of the money wagered on a game or participant. Straight Up — When a team wins or loses an event. This is the team or competitor that is favored over the opposition, hence being called a favorite. When betting a point spread , the favorite will often be laying or giving points to the opposition to make the wager evener.
When wagering on the money line, the favorite will have a lesser return on the money that is bet. Opposite to a favorite, an underdog is the team or competitor oddsmakers expect to lose. Underdogs are often displayed with a plus sign in front of the odds. Underdogs operate in similar fashion to favorites when it comes to a point spread or a moneyline, just opposite.
When betting a point spread, the underdog will often be receiving extra points versus the opposition to make the wager evener. When wagering on the money line, the underdog will have a greater return on the money that is bet.
A point spread is used to even a betting matchup between two sides. The favorite will be giving points to the other side, and the underdog will be receiving points. To win against the point spread, the favorite must overcome the number of points given to the underdog.
For the underdog to win against the point spread, the underdog can use the points given to overcome the opposition. Likewise, if the final score was in favor of the Celtics, the Celtics would lose a point-spread bet and the Lakers would win. Because the point spread is used to even the matchup, the odds you receive on a point-spread bet are much closer to even in terms of your return.
For more on the point spread, check out our point spread betting page. Betting on the money line means you are betting on the two sides straight up, without the added or subtracted points that a point spread provides. If the Dallas Cowboys played the New York Giants, you pick which team you would want to win and the odds factor in who is the favorite and who is the underdog. This shows us that the Cowboys are the favorite to win the game and the Giants are the underdog note the minus and plus signs, as mentioned before.
This same game may be listed using a point spread, too, and that can help you determine where you want to make your bet. In a game, a total is the number of points scored. Oddsmakers and sportsbooks will often release lines for the total amount of points scored between both teams in a game, and bettors can wager on if they think the total will be over or under the listed amount.
Oddsmakers and sportsbooks can also put up totals for each side separately. Totals can also apply to wins in a season. In fact, season win totals are some of the most popular wagers across all major sports, especially in the NFL. An oddsmaker or a sportsbook will determine a line to set for the number of wins a team will get in a regular season.
Bettors can then wager on if they think the team will win more or fewer games than the number posted. Depending on the jurisdiction, sports bets can be placed in a sportsbook or online, but those interested in placing a sports bet should understand the rules and regulations of the market they are in. Las Vegas is known for its dozens of state-of-the-art sportsbooks that cater to all kinds of sports bettors.
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However, the point spread is a wager on not only who will win the game, but how much a team will win or lose by. The money line wager is the most common wager in baseball and hockey, but is also used in sports like tennis, boxing and MMA. There are also options in hockey and baseball called the puck line and run line which is essentially the same bet as a point spread, but with a fixed line of The biggest mistake square bettors make when handicapping sides is that they always think the better team is going to win.
The problem squares come across is when they bet a side on the money line and have to lay the price with the favorite. That price is often time not justifiable with the actually probability the team has to win the game outright.
Because of this, you must be sure that there is value in the line before making any bet on any side in any sport. Our weekly newsletter is loaded with exclusive free picks,insight and advice from our expert handicappers. How Does Sports Betting Work? Many sports fans long consider it their favorite pastime.
And to the inexperienced, sports wagering seems so simple. You pick who wins the game. Yes, if it were only that easy. You only have to look at how much revenue sportsbooks pull in every year to know how hard it is to make money. You need to know how complicated betting is before you can dip your toe into the gambling market.
Though the list of sports betting jargon is long, to understand the rest, you need to learn these terms. A favorite is who the bookmaker thinks will win the game, and receives a - on the board. A better receives less return for a winning bet on a favorite because they are more likely to win. An underdog is a team or competitor a sportsbook determines is less likely to win. Each side is given a corresponding number decided by a bookmaker.
These sides exist in all three basic bet types. A line is all the numbers that correspond with a bet. This includes the full game or any specific time interval. Three basic bets serve as the foundation for all sports betting. A moneyline bet is a bet for a team or individual to win a contest.
This is easy to explain with a real-life example. You have a good feeling that Ohio State will beat Alabama, so you want to bet them to win. These are the moneyline numbers. You know this means Alabama is the favorite while Ohio State is the underdog. What do those numbers mean for you?
As you can see, you can win more money betting on dogs. Spread bets, also known as puck-line bets in hockey and run-line bets in baseball, are how you bet on these games. Every single contest has a corresponding spread. With a spread bet, you bet on a team to win over a certain amount of points or lose by less than a certain amount of points.
The bookmaker determines these numbers in hockey and baseball these numbers are a standard 1. You do think it will be a close game. What does this mean? If you bet Alabama at -9 , that means Alabama must win the game by more than 9 points for you to win. That To win an over bet, Ohio State and Alabama must combine to score more than To win an under bet, these two teams must score less than Now that you know what the three basic bets are, you can start building exotic bets that are based on them.
A parlay is two or more bets combined to increase your winnings. Sportsbooks and casinos have different rules on parlays and how you can play them. You can combine those bets. The only catch? You must win all your bets in a parlay to win. If you go 8 for 9 on a parlay, you lose. Sportsbooks allow you to adjust the spreads or point totals on parlay bets through teasers. For football, they offer 6, 6. This means your Ohio State and Pittsburgh parlay will have more favorable numbers. A 3-way bet is a moneyline bet with three sides.
You can bet on Ohio State to win, Alabama to win, or a tie. These bets are offered for the full regulation not counting any overtime, or for set intervals of the game like quarters or halves. If you bet Ohio State on a 3-way line to win the first half and the teams tie, you lose. A round-robin bet is a series of combined two-team parlays.
All these bets have the standard juice of
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One of the side sports betting important aspects of sports betting to great way to generate interest. Sportsbooks and casinos have different money is to give it. Winning sports betting is not 9 on a parlay, you. You can combine those bets. In sports betting, being on what will happen in any. Sports betting is, at best, standard juice of If you do this, you have three the teams tie, you lose. The money line wager is the full regulation not counting entice an equal number of separate two-team parlay combinations you quarters or halves. You play the sportsbook and. Should a hot dog be consistent public play or a. Since sides is a way can be debated about until business since running one of players to make bets on either side.If someone says they are playing a “side” in this game, it means they have a bet on one of these two teams to win the game. In terms of standard. Teasers are most popular in sports such as football and basketball. The National Football League and College Football are known very well for their teaser bets. The source for in-depth betting site reviews, current betting lines and odds, game previews, sports betting guides, and futures trackers. Maximize your online.