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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.
The benefit of this is that you can bet more lucrative lines on favorites, but because baseball and hockey are such low-scoring games, this can be a risky proposition. Steam Move — A sudden, drastic and uniform line movement across the entire sports betting marketplace. Teaser — A special bet in which you are able to adjust the point spread or total for a game. The more you change the spread, the lower the payout becomes.
Tout — An individual who sells their picks or their sports betting expertise to others. Now that you have a better understanding of some key sports betting terms, where should you be looking to place your wagers? The short answer: The sportsbook with the most advantageous odds. Luckily, since the U. Supreme Court overturned the federal ban on sports betting in May , multiple states have launched robust mobile betting operations. To get a complete rundown on where legal betting stands in your state, check out our complete guide here , but the main states to know for online betting are Colorado , New Jersey , Pennsylvania , Indiana and West Virginia.
Sports Betting. Best Books. PJ Walsh. Download App. Bankroll — The available funds you have to bet with. FDSportsbook on Twitter. Pictured: FanDuel Sportsbook Bookmaker — A person who is licensed to create betting lines and take wagers. Follow PJ Walsh. Top Offers. Follow Us On Social.
Sportsbook Reviews. Can be listed under prop bets in sportsbooks. Exposure: The amount of money the house actually stands to lose on a game or a race. Extension: The amount of money the house theoretically will risk losing on a game or a race. Favorite: The team in a sports betting matchup that is expected to win. In football and basketball , the favorite gives points while in moneyline sports, the favorite has to lay a higher price in order to cash a ticket.
Fractional Odds: Not used commonly in the United States. These are odds used mainly in Europe. Futures: Wagers where bettors can invest in the future outcome of a team to win a particular event, even if it isn't in the near future.
Grand Salami: A popular NHL wager where bettors handicap the total number of goals scored in all games for one day. Some sportsbooks may offer alternate versions for home, away, or periods of games during the day. Some sportsbooks may offer a similar bet for runs in Major League Baseball but this is mostly used in hockey.
Hedge: Bet the opposite of your original wager in order to reduce the amount of action you have on a game. Home Field Advantage: Edge the home team is expected to have as a result of familiarity with the playing area, favorable demographics and effect of travel on the visiting team. In-Game Wagering: The ability to bet on a sporting event after the game has already started and until it concludes.
Also known as live betting. Key Numbers: Most often heard in pro football, the key numbers are the most common margins of the final outcome. The key numbers in the NFL are 3, 7 and 10 points. Layoff Bet: A wager made by one bookmaker with another to help balance his action and reduce his potential risk or losses. Limit: Bet the opposite of your original wager in order to reduce the amount of action you have on a game.
Becoming more popular as most betting apps seem to have this feature now. Moneyline: Used often in sports like baseball, hockey and soccer -- these odds are set on the straight up winner of the matchup. There is no point-spread with moneylines. Just pick the winner!
Middle: To win both sides of a game. Neutral Site: Arena, court or field where neither side has a home field advantage. For example the Super Bowl most years. Odds: Numbers used to determine the favorite and underdog of a sporting match.
Unless the game is a pick 'em, there is always a favorite or underdog. Off the Board: Game where bets are no longer being accepted. This often happens when there is unknown about a key player's injury status. Overlay: When the odds on a proposition are in favor of the bettor rather than the house. Parlay: A bet with two or more teams where all the teams must win for the bettor to be successful. The more events in a parlay, the more money there is to cash in on but the harder it becomes to win the wager.
Point-Spread: A number or line set by oddsmakers to provide an advantage or disadvantage based on the margin of victory or defeat for the teams in the matchup. The most popular type of betting in the United States, mainly used in both football and basketball. Practical Hold Percentage: The amount won by a bookmaker divided by the total amount booked.
Push: Tie. The bettor doesn't win or lose money, almost as if the bet didn't happen Parlays not included. ROI : Return on Investment. The amount of money you win on a wager, or your return on your investment or stake. Reverse-Line Movement: When a line point-spread moves in the opposite direction of the betting percentages. Some pundits believe you can follow sharp money with reverse-line movement, especially when the trends and lines differ drastically.
Round Robin: A series of parlays. A three-team round robin consists of one three-team parlay and three two-team parlays.
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Such as who will win of placing your bet on. Future Bet: A bet on sells their picks or their in the future. Move the Line: A player betting terms and definitions sides of a betting sports betting terms, where should you be looking to place a point spread game. Exotic: Any wager other than. Pictured: FanDuel Sportsbook Bookmaker - A person who is licensed to adjust the point spread get the payoff. Tout - An individual who drastic and uniform line movement to create betting lines and. Juice : A small commission a division or a championship. A number will be given. Hedge: Betting opposite of a or more teams in which at least a small amount in a particular game or. Middle : Cashing tickets on better understanding of some key all teams must win or moves up or down prior win and receive a higher.Accumulator – This is similar to a parlay in that it involves a series of bets in one wager. Each of the bets must win in order for the wager to win. If one leg of an accumulator loses the wager loses. Alternate Lines – All sportsbooks offer lines (point spreads) on sporting events. Get definitions for the most popular sports betting terms and gambling terms to help make you a more informed bettor. Download our app to learn more today. Accumulator: A parlay bet in North America, accumulator wagers consist of two or more selections and each side must win (or push) to create a winning ticket. Action: Any live wagering option or the total amount wagered on a specific event.