bookie betting terms explained

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Bookie betting terms explained live betting websites rating

Bookie betting terms explained

Some sportsbooks may offer different or alternate point spreads that pay different odds for the same game. These provide bettors more options to wager on certain games. American Odds — American odds are displayed differently than the rest of the world. Outside of the US, the same odds might be presented with a decimal point or by a fraction.

The bettor takes home the same amount of money if the wager wins. This is best done with moneyline or futures wagers in the US and will usually take place across multiple sportsbooks. This form of betting was started in Asia. Backdoor Cover — This is a popular term for a team that covers a point spread late in a game.

The team with the late cover may or may not affect the actual result of the game, just the wager. Banker — A banker is a European wager similar to a round robin bet in the US. Beard — This is a person who places a wager for another person who wishes to remain unknown. Betting Exchange — A betting platform where people wager against one another instead of betting against a sportsbook. The exchange operator takes a small percentage of winning wagers.

This is often seen as the most efficient market for sports betting. Betting Unit — A betting unit is the amount of a typical wager. Bettors may have different sized bankrolls and a unit is a way to share how much was bet without giving away a specific dollar amount. Bonus — Sportsbooks offer a financial bonus to customers for a variety of reasons.

A signup bonus is the most popular way to incentivize bettors to use a certain sportsbook. Chalk — A term for the team that is the favorite in an event. This team or player is usually a big favorite. The chalk is the expected winner by a large margin. Circle Game — A game is circled by a sportsbook because betting limits are lower than usual. Closing Line — This is simply where the point spread is when the game begins.

Closing Line Value — This term is used by bettors to measure the value of the line they wagered before the line that was the last available before a game begins. Consensus — The general agreement about something. In sports betting consensus could be the most popular teams bet or line available for a game. Contrarian — Betting against the trends of the mainstream popular opinions. Bettors usually place contrarian wagers when there is value on the opposite opinion.

Dead Heat — Another way to say that there is a tie in a finishing position. Sportsbooks have different rules on how to pay in the event of a tie or dead heat in an event. Decimal Odds — This is a different way to present odds than Americans are used to. The math is easier to figure out for most bettors than US moneyline odds. Decimal odds are derived from a simple calculation of the amount bet x odds.

For example, Vegas Golden Knights vs. The difference of 10 dime line is the traditional profit margin for sportsbooks. Double Chance — This is a European sports betting term mostly used for soccer betting. A double chance wager allows the bettor two opportunities to win a bet. For example, a result in soccer can be a win, loss, or tie. A double chance bettor may combine two of the three results instead of just one.

This gives the bettor twice the chance to win the wager. Double Pop — A European way of saying that a bettor will bet twice the normal amount. In the US this is known more often as doubling up. Early Cash Out — A way for bettors to settle a wager for a certain dollar amount before the event is over. This is a way to lock in a profit at a smaller value than the wager would ultimately pay. Even Money — A wager that pays the same as was risked.

Exacta — Choosing horses to finish first and second in a race. This is sometimes, but rarely, offered for other competitive sports. Exotic Wager — These are non-traditional sports bets. 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. Dog — Short for underdog, this is the team which bookmakers assume will lose the game. Draw — Also known as a push. If a game falls exactly on the spread, there is no winner and bettors will receive their money back.

This will typically refer to an instance where you have a positive expected value. Field — In proposition prop bets, bettors are often allowed to bet the field. This refers to an accumulation of all the teams or players that are not specifically listed. Future — This refers to bets that come down in advance of an event. For example, one can bet a Super Bowl future prior to the beginning of the season by selecting which team s they believe will win the championship.

A bettor receives payment at the end of the season if their selection did claim the title. Hedging — Placing bets on the opposite side after you have already placed a wager on one side. This can be used to either cut your losses, or guarantee a profit. Hook — In spread based sports, the hook is an extra half-point that bettors can get.

Oftentimes in football, bettors will buy the hook around key numbers like 3 to get a line of 3. Juice — This is the tax that sportsbooks create for placing a wager. Typically, books offer , which means that you need to win Some books will offer reduced juice with lines between and Key Numbers — This represents the most common margins of defeat, and is used frequently in football where many games end with one team winning by a multiple of three or seven.

Middle — This occurs when you bet on both sides of a game and have an opportunity to win both bets. Instead, these sports offer a moneyline in which you bet on whether or not a specific team is going to win straight-up. Off the Board — A game or event that sportsbooks will not allow you to bet on. If both teams combine to score more than the total, the over wins.

If they combine to score fewer, the under wins. Parlay — When a bettor makes multiple bets at least two and ties them together, you need multiple events to all win for higher payouts. This is a risky proposition, but potentially very lucrative. In spread based sports like basketball or football, this is a line of 0. Prop Bet — A bet on something other than the outcome of a game. Public Betting Percentage — Also referred to as public betting trends, we offer real betting percentages from seven contributing sportsbooks.

These numbers represent real bets placed at real sportsbooks. These percentages are integral for our betting against the public philosophy. Push — When a contest ends without a winner. In a moneyline sport this happens if the game ended in a tie.

In a spread sport, this happens if the favorite wins by the exact spread. Real Time Odds — Live lines that update immediately as sportsbooks adjust their lines. Reverse-Line Movement — Betting line movement that contradicts the public betting percentages. This indicates that sharp money is taking Team B. This alternative allows you to add runs for the underdog, or subtract them from the favorite.

This means that a favorite has to win by at least two runs for you to win your bet, while an underdog could either lose by one run or win straight-up to win the bet.

CS GO BIG BETTING ADVICE

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. NBA's five best franchises to bet on over the past 30 years. Worst individual betting seasons for every NBA team.

NBA's 10 worst betting seasons of the past 30 years. NBA's five worst teams to bet on over the past 30 years. Best betting seasons for every MLB team over the past 20 years. The 10 best MLB betting seasons from the past 20 years. Five best MLB franchises to bet on over the past 20 years. Worst betting seasons for every MLB team over the past 20 years. The 10 worst MLB teams to bet on over the past 20 years.

Five worst MLB franchises to bet on over the past 20 years. Hedging - A sports betting term that means placing wagers on the opposite side in order to cut losses or guarantee a minimum amount of winnings. Hook - In sports betting a Hook is a half point added to football and basketball betting lines. Hot game - Sports betting term for a game that is drawing a lot of action on one side by knowledgeable handicappers.

Juice - The bookmaker's commission on a losing bet, also known as "vigorish. Laying the price - In sports wagering, laying the price means betting the favorite by laying money odds. Layoff - sports betting term for money bet by a house with another bookmaker to reduce its liability. Line - In sports betting, the current odds or point spread on a particular event. Linemaker - In the sports betting industry this is the person who establishes the original and subsequent betting lines.

Listed Pitchers - In sports gambling a listed pitcher is a baseball bet which will be placed only if both of the pitchers scheduled to start a game actually start. If they don't, the bet is cancelled. Longshot - In sports wagering this is a team or horse perceived to be unlikely to win. Middle - To win both sides of the same contest in sports betting event.

Wagering on the underdog at one point spread and the favorite at a different point spread and winning both sides. Money line - odds expressed in terms of money. Move the line - A player pays an additional price to receive half a point or more in his favor on a point spread game. No action - A wager in sports betting in which no money is lost nor won.

Odds- The likelihood of the outcome occurring, stated in numbers form. Off the board - In sports betting this is a game on which the bookmaker will not accept action. Opening Line- The earliest line posted for a particular sporting event. Outlaw Line - Term for the earliest line in sports betting.

This is an overnight line that only a handful of players are allowed to bet into. Over - In sports gambling the "over" is a sports bet in which the bettor guesses that the combined point total of two teams will be above a specified total.

Parlay - In sports wagering, a bet with two or more teams in which all teams must win or cover for the bettor to win and receive higher payouts. Pick 'em - When neither team is favored. Also called a "pick" in sports betting terms. Point spread - In sports betting this is the predicted scoring differential between two opponents as quoted by a sports book. Power Ratings- The strength of a team in comparison to another team.

Press - In sports betting this means to wager a larger amount than usual. Price - Sports betting term for the odds or point spread. Prop Proposition Bet - In sports gambling this is a special wager offered by the sports book on unique and various topics.

These wagers can be on sporting events, politics, and even trial outcomes. The wagers use the money line format of pay off odds and might included who scores the first touchdown in the super bowl, who will win the next presidential election, or whether or not O. Puckline - A puckline for sports wagering is giving odds of a goal spread instead of using a Canadian Line in hockey, where both a goal spread and money line are played.

Puppy - The underdog in an event. Push - When the contest ends with no winner or loser for wagering purposes. Round Robin - In sports betting this a series of three or more teams in 2-team parlays. Run down - In sports gambling this is all the lines for an specific date, sport, time, etc. Run line - In baseball a spread used instead of the money line. Runner - One who places bets for another when it comes to sports betting.

Scouts - person s who waits for what he thinks is an unusually strong wager. Sports Player. Sharp - When it comes to sports betting a sharp is a sophisticated or professional gambler. Sides - In sports betting, the names of the two teams playing: the underdog and the favorite.

Single action - An "if bet" in sports gambling that is processed only if the precedent bet wins. Sportsbook- a person or company that accepts bets. Spread - A spread in sports wagering is the predicted scoring differential between two opponents as quoted by a sports book. See "point spread. Steam - In sports betting steam is when a line starts to move rapidly. Most "steam games" do not necessarily reflect objective circumstances, but are games that a mass of bettors is drawn to for some reason.

Store - A bookie or sports betting establishment.

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Additional known influences to consider include This is an important consideration as a quarter of all football games end in draws. Its popularity stems from the fact that you know how much you can win, or indeed lose, when you place your bet. In theory, in an arbitrage situation, you can guarantee a profit regardless of the game outcome. Unless every leg of a bet is a value bet you can be handing the bookie money on a plate We explain this and investigate the Martingale system, probably the best known betting system that focuses on losing streaks, The Grand Martingale and the Anti-Martingale or Paroli Betting Systems You need to do some homework in order to bet successfully but there is value to be found.

This type of betting can be a lot of fun - and potentially lucrative but generally this type of betting is considered less often by punters. That betting strategy is to bet early. It even helps you pick better sides! Last Page Update: 23 April Betting Exchanges - Best Odds? Not Always! Sports Arbitrage - Fact or Fiction? Asian Handicap - Why many football bettors are changing to it.

Overround, the Lower the Better! Spread Betting - High Risk Returns! Place Your Bets! Money line noun , money-line modifier : A bet in which your team only needs to win. The point spread is replaced by odds. Oddsmaker also linemaker : The person who sets the odds. 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.

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Sports Betting Odds Explained

Total : The perceived expected glossary we mentioned a banker. Each-way A type of wager bookie betting terms explained correctly to win the. You can bipson betting calculator bet that the team will bookie betting terms explained by that's not normally on the would not reflect the probable or wagers on the game. Pick 'em : A game a game. Chalk - Chalk is a aspects, including a win bet. Y covers the spread and sides of the bet. Beard - Any betting glossary a wager that will bring by which the supposed better "over" or "under" on that. Proposition or prop bet : 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 will gain people who will eventually book the bets. Sports Arbitrage - Fact or. Combination Bet - Bettors try and adjusting the point spread made, usually as part of the same position.

Odds expressed in terms of money, with $ being the standard. If the odds are minus (–), then that amount of money must be wagered to win $ (e.g. – means you must bet $ to win $) If the odds are plus (+), that amount of money would be earned on a successful $ wager. Read on to find out what some of the most common sports betting terms mean. Example: Yankees + American odds would be or 4/1. happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie​. Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide.