Sports Betting Most Used Terms And Definitions.
Friday, July 30th, 2010If you’re new to sports wagering, or simply looking to learn more about certain phrases or terms, here are some common sports betting terms and definitions. Visit ubetexpertpicks.com for our sports picks and premium picks.
Action – A sports betting wager of any kind, a bet.
ATS – “Against the spread,” taking points rather than betting with the spread and laying points in sports betting.
Book – In sports bettting a Book is an establishment that accepts bets on the outcome of horse racing and sporting events.
Bookie – In sports wagering a person who accepts bets.
Buy (Points) – In sports betting, a player pays an additional price to get half a point or more in his favor on a point spread game.
Chalk – The favored team.
Chalk Player – In sports gambling this person is someone who usually only plays the favored teams, rarely betting on the underdogs.
Circled game – In sports betting this is a game in which the betting action is minimized; usually occurs in added games, games with injuries, bad weather, propositions, or halves of games. These games cannot be included in parlays or teasers
Cover – In sports wagering this means a pointspread win.
Double action – An “if bet” in sports wagering that is processed if the precedent bet wins, ties or cancels.
Edge – A persons Advantage when it comes to sports betting.
Even Money – Sports betting term “Even money” is a bet whose odds are 1/1; a wager in which no vigorish or juice is laid.
Favorite – In sports wagering this it the team expected to win an event. The listed odds reflect the extent to which the choice is favored.
Future – In sports wagering odds are posted in advance on the winners of various major events including the Super Bowl, the World Series, the Stanley Cup, and the NBA Championship this is called a Future bet.
Half time bet – In sports wagering this is a bet placed only on the second half of the game.
Handicapper – When it comes to sports betting a handicapper is one who studies, rates and bets on sporting events and/or races.
Juice – The bookmaker’s profit on a losing bet, also known as “vigorish.”
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.
Money line – odds expressed in terms of money. With money odds, whenever there is a minus (-) you lay that amount to win a hundred dollars, where there is a plus (+) you get that amount for every hundred dollars wagered.
Move the line – A bettor pays an extra price to receive half a point or more in his favor on a point spread game.
Odds- The likelihood of the outcome occurring, stated in numbers form.
Parlay – In sports wagering, a bet with two or more picks in which all teams must win or cover for the bettor to win and receive higher payouts.
Point spread – In sports betting this is the predicted scoring differential between two opponents as quoted by a sports book.
Push – When the event ends with no winner or loser for wagering purposes.
Straight bet – In sports gambling this is a wager on just one team or horse.
Teaser – A teaser is a special type of parlay in sports betting in which you adjust the point spread or point total of each individual play. The price of moving the point spread (teasing) is lower pay off odds winning wagers.
Trends- Using the past to predict the future looking in on only one team.
Underdog – The team perceived to be most likely to lose. Also known as the “dog” in sports betting terminology.
Hopefully these terms will give you a little better understand of the key terms you see every day when betting on sports. Visit ubetexpertpicks.com for free sports picks
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