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This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering. A service offered by books in which bettors can place multiple bets in real time, as the game is occurring. The commission the bookie or bookmaker takes.
Standard is 10 percent. Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability. The maximum bet taken by a book. When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2. She can then bet the opposite team at 3. She would then win both sides of the bet. Money line noun , money-line modifier: A bet in which your team only needs to win. The point spread is replaced by odds.
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. 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. 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. 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. 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. 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: 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. 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.
Straight bet - In sports betting this is a wager on just one team or horse. Systems- Using trends for the past that you are consistent with to predict future outcomes. Taking the points - When it comes to sports gambling this means betting the underdog and its advantage in the point spread. Taking the price - In sports wagering this means betting the underdog and accepting money odds. Teaser - A teaser is a special type of parlay in sports betting in which you adjust the point spread or total of each individual play.
The price of moving the point spread teasing is lower pay off odds winning wagers. Ticket - A sports betting wager. Tie - In sports betting a tie is a wager in which no money is lost nor won because the teams' scores were equal to the number of points in the given line. Total - The combined amount of runs, points or goals scored by both teams during the game, including the overtime. Totals Bet - In sports gambling this is a proposition bet in which the bettor speculates that the total score by both teams in a game will be more or less than the line posted by the sports book.
Tout - Someone who sells their expertise on sports wagering. Trends- Using the past to predict the future focusing in on only one team. Under - When it comes to sports betting a under is a wager in which the bettor guesses that the total points scored by two teams will be under a certain figure.
Underdog - The team perceived to be most likely to lose. Also known as the "dog" in sports betting terminology. Value - In sports betting value means getting the best odds on a wagering proposition; the highest possible edge. Vigorish - The bookmaker's commission on a losing bet; also known as juice in sports betting. Wager- To risk money on the outcome of an event.
Wise guy - A wise guy is the sports gambling term for a well-informed or knowledgeable handicapper or bettor. Our weekly newsletter is loaded with exclusive free picks,insight and advice from our expert handicappers. A wager consisting of at least two separate bets joined together by an if clause that determines the wager process.
The theoretical likelihood of a particular outcome, based on the odds on that outcome provided by a bookmaker. A wager on the total number of something such as points or goals scored in a match. The bookmaker sets a total and you wager on whether the actual total will be over or under.
A point spread wager containing multiple selections where the spread for each selection is moved against the bettor. A type of betting where the bookmaker allocates points or goals to the underdog, to create a theoretically level playing field.
The points allocated are also referred to as the point spread. Wagers placed by bettors that are either very experienced or have information not readily available. A type of betting where the amount the bettor wins or loses is determined by the margin which the value of a specified outcome varies from the expected value quoted by a bookmaker.
Describes a substantial move in a betting line or odds, usually caused by the amount of money being wagered.