Top Sports Betting Terms Explained

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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.  

Important terms

Action 

The act of placing a bet or wager on a particular game or event.

Accumulator 

For a successful bet, a wager must win all selection or multiple selection.

ATS 

It stands against the spread. It is the outcome of the sporting event.

Backdoor Cover

Whenever a bettor scores points meaninglessly later to cover their spread.

Bad Beat 

A bad beat occurs when someone loses a bet after seemingly being guaranteed for winning.

Arbitrage 

It is a condition where available odds can let you make two or more bets and guarantee to win a profit.

Ante-Post 

An advance bet placed before the starting of the event.

Banker 

It is a sure thing considered in a bet, which is also known as a lock.

Bet

A wager on the prediction made on a particular game or event on the result of winning.

Bankroll

The fixed deposit number to make a bet.

Betting Exchange 

It is a kind of exchange when you bet against other bettors.

Bettor

A person who bet on any game or event with a wager is called a bettor.

Bookmaker

It is a person or organization that collects bets from the bettors.

BR 

It is an abbreviation of bankroll.

Bookie

It is an abbreviation of a bookmaker.

Buck 

A bet of $ 100. It is also known as a dollar bet.

Buy Points

An additional payment of half a point at the time of placing points spread. 

Bullseye

A Bullseye is €50 in betting.

Chalk 

The one who is mostly likely to win the bet.

Chalk Player

The one who bets on his favorites.

Circled Game 

It is a situation where the bookmaker restricts the betting odds due to some reasons.

Cover 

To honestly, choose the winner of the bet.

Dime 

A $ 1,000 bet.

Dog 

The least seems to be a winner, also known as the underdog.

Edge 

It is kind of having an advantage if having an edge.

Even Money

An equal wager 1:1 which is a commonly used term in odds.

Evens 

See even money or wager.

Exotic Wager 

 A non-standard bet.

Favorite

The one who is most likely to be a winner.

Fin 

A $50 bet.

Fixed odds

Odds that are fixed at the time of placing bets and sticks to the odds.

Future

A long time winner of the event.

Forecast

Placing participants on the basis of ranks according to their orders.

Gamble

To place a bet or wager on the result of the sporting event.

Grand

€ 1,000.

Handicapper

The individual or organization deciding to give odds or lines on the event.

Hook 

A half point on the betting.

House

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.

Limit 

The maximum number of wager allowed.

Line

The odds offered in an event.

Moneyline

A bet on a particular event to win with no point spread. 

Odds

The successful amount or wager set by the bookmaker.

Outsider

A participant in betting that is expected to lose. It is also termed as a longshot. 

Over-round

The profit of the bookmaker.

Parley 

A single wager covering more than two selections.

Pony 

€ 25.

Point Spread

The point given by the bookmaker to level the bet.

Push

A tied wager

Runner 

A person who places a bet on behalf of somebody.

Run Line 

It is a line used for betting in baseball.

Score 

€ 50.

Sportsbooks 

It is a company that takes wagers from the interested public.

Stake 

The amount of money placed or put on a wager.

Straight Bet 

It is also known as a single or a wager, which is on one selection.

Ton 

€100.

Underdog 

A participant which is more likely to lose the bet.

Vig 

It is an abbreviation of vigorous.

Totals Bet 

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.

Final Verdict

Familiarise yourself with all the major terms listed above. With full clarity of these terms, you can easily pave your way to the top.

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About Author

I am Jenna, a beautician by profession and a hair stylist by passion. I have been involved in everything related to beauty. It’s something I love ever since my first stint at a parlour. I have always been very popular among my friends and relatives as someone who would style their hair for different occasions. I aim to help as many readers as I can with my beauty tips.

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