Glossary Of Gambling Terms

In a spread sport, this happens if the favorite wins by the exact spread. Prop Bet – A bet on something other than the outcome of a game. Common prop bets include an over/under on points scored, passing yards, or Odds, Betting Picks, Player Props, Betting Tools strikeouts by an individual player. Parlay – When a bettor makes multiple bets and ties them together, you need multiple events to all win for higher payouts. This is a risky proposition, but potentially very lucrative.

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Sports betting lingo can be confusing, especially those new to the industry. The glossary below contains many of the most commonly-used terms, concepts and strategies that you will see on this site and across sports betting as a whole. Place 5 x £10 or more bets to receive £20 in free bets.

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The Best-price percentage is the percentage chance of winning. Meaning a match with even odds stands at a 50% best-price percentage. Golden Boot awards are offered in a variety of different sports. Though, generally speaking, they are awarded in soccer. The award is given to players who manage to score the most goals in a particular season.

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This is often done because of injuries to key informative post players or other uncertainty around the game. The combined total points of both teams when the game finishes. Teasers allow you to combine your bets on more than one game and even adjust the point spreads in favor of the teams you want to win. The downside is that both your teams have to win for you to win the teaser, and if you do adjust the spreads you’ll have to accept a lower payout if you do win.

What Are The Results Of A Point Spread Bet?

A bet that requires bettors to predict the winner of a competition in advance, either before a season starts or during the season. This is a type of If Bet, in which one bet goes into effect after an initial wager is settled. A general agreement about the outcome of a sporting event. This, of course, does not always turn out to be correct.

What Is A Reduced Juice Sportsbook?

It’s a great opportunity because even if the favorite doesn’t win by three points, you’re guaranteed to win one of your bets. Handicappers work for casinos to set odds and betting lines and savvy gamblers who try to determine the odds precisely are also known as handicappers. The total amount of money a sportsbook or casino stands to lose on a game or event. Chalk is a slang word for the team or player that’s the favorite to win. Chalk bettors are people who always bet on the favorite and never the underdog.

Against the spread – The result of a game including the point spread. Runner – A person who places wagers at a sportsbook for someone else. Puppy – Another way to say a team is an underdog in a game.

The bet includes 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and an accumulator. A minimum of two of your selections must be successful to get a return. For example, in a baseball game, if the total is set by the books at 8 runs, bettors can bet that there will either be more or less than that number.

Some bettors prefer to have a combination of different bet types. When a selection ‘places’ it finishes within the positions that are stated to pay out in the place terms of the race. A small number of runners might mean only the first two finishers place, whereas in a big field down to fifth or sixth might be considered a place finish.

Hedging – Placing bets on the opposite side after you have already placed a wager on one side. This can be used to either cut your losses, or guarantee a profit. Arbitrage – The simultaneous purchase and sale of the same game in different markets to profit from unequal prices. ‘BSP’ stands for Betfair Start Price and is simply the price that a horse is priced up at the exact moment that a race begins on the Betfair Exchange. The BSP often differs from the Industry SP, is usually a higher and better price, thereby benefiting the punter. A ‘Round Robin’ bet is made up of 10 individual bets across 3 selections, these are as follows; 3 Doubles, 1 Treble and 3 Single Stakes About that combine in to 2 bets each.