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.