Sports betting is about predicting the final result by placing a wager. A majority of bets are kept on boxing, football, basketball, mixed martial arts, etc., at both levels (amateur and professional).
When top gambling and betting sites ask you to sign up and bet here, you must know the ins and outs of the different terms mentioned there. There are numerous words and phrases in sports betting that you don’t understand. So, to make the world of sports betting more understandable, we have covered all the common terms below.
The act of placing a bet or wager on a particular game or event.
For a successful bet, a wager must win all selection or multiple selection.
It stands against the spread. It is the outcome of the sporting event.
Whenever a bettor scores points meaninglessly later to cover their spread.
A bad beat occurs when someone loses a bet after seemingly being guaranteed for winning.
It is a condition where available odds can let you make two or more bets and guarantee to win a profit.
An advance bet placed before the starting of the event.
It is a sure thing considered in a bet, which is also known as a lock.
A wager on the prediction made on a particular game or event on the result of winning.
The fixed deposit number to make a bet.
It is a kind of exchange when you bet against other bettors.
A person who bet on any game or event with a wager is called a bettor.
It is a person or organization that collects bets from the bettors.
It is an abbreviation of bankroll.
It is an abbreviation of a bookmaker.
A bet of $ 100. It is also known as a dollar bet.
An additional payment of half a point at the time of placing points spread.
A Bullseye is €50 in betting.
The one who is mostly likely to win the bet.
The one who bets on his favorites.
It is a situation where the bookmaker restricts the betting odds due to some reasons.
To honestly, choose the winner of the bet.
A $ 1,000 bet.
The least seems to be a winner, also known as the underdog.
It is kind of having an advantage if having an edge.
An equal wager 1:1 which is a commonly used term in odds.
See even money or wager.
A non-standard bet.
The one who is most likely to be a winner.
A $50 bet.
Odds that are fixed at the time of placing bets and sticks to the odds.
A long time winner of the event.
Placing participants on the basis of ranks according to their orders.
To place a bet or wager on the result of the sporting event.
The individual or organization deciding to give odds or lines on the event.
A half point on the betting.
It is a sportsbook taking the bet or wager.
Lay the points
It is a type of wagering on the favorite in the spread bet.
Lay the price
It is a kind of wagering on the favorite in the moneyline bet.
The maximum number of wager allowed.
The odds offered in an event.
A bet on a particular event to win with no point spread.
The successful amount or wager set by the bookmaker.
A participant in betting that is expected to lose. It is also termed as a longshot.
The profit of the bookmaker.
A single wager covering more than two selections.
The point given by the bookmaker to level the bet.
A tied wager
A person who places a bet on behalf of somebody.
It is a line used for betting in baseball.
It is a company that takes wagers from the interested public.
The amount of money placed or put on a wager.
It is also known as a single or a wager, which is on one selection.
A participant which is more likely to lose the bet.
It is an abbreviation of vigorous.
It is also known as under bet. It is a type of wager on which the total number of point scores will be more or less than the number said by the bookmaker.
Familiarise yourself with all the major terms listed above. With full clarity of these terms, you can easily pave your way to the top.