Gambling Sports Terms
- Sports Gambling Terms And Phrases
- Gambling Sports Terms Crossword
- Gambling Sports Terms Glossary
- Sports Gambling Terms
- Sports Gambling Terms And Phrases
On Monday, when your friends are regaling you with their stories of wagering on feats of athleticism, you needn’t sit there like a wallflower, smiling and nodding. You should have at least a functioning vocabulary of gambling terms so that you can criticize your friend’s decisions in hindsight. That’s not something you want to miss out on. Some of these may be familiar, some may be new, but having a working knowledge of this list is a great stride towards a gambling addiction. No more smiling and nodding. Get in the game.
9. Parlay
An umbrella bet that relies on winning all of several smaller bets. If I parlay Golden State and San Antonio (assume they’re both favorites), that means I’m betting on Golden State in their game to cover the spread and San Antonio to cover the spread in their game. If they both cover, then you win the parlay and get a larger payout than if you would have just bet on one game. However, if either team fails to cover, the bet is lost. The odds of winning your bet are worse, so the payout goes up. You can parlay as many bets together as you would like, but the more you parlay, the less likely you are to win your bet. You can also parlay spread bets with over/under bets or prop bets.
8. The Spread
The expected margin of victory of the favorite over the underdog. If the spread is 9, and St. Louis is favored over Tampa Bay, then the expectation is that St. Louis will beat Tampa Bay by 9 points. Your spread bet will be based on that expectation. You can bet on Tampa Bay, which means that you expect Tampa to lose by less than 9 or win outright (Tampa +9), or you can bet on St. Louis to win by more than 9 (St. Louis -9). If St. Louis wins by exactly 9, then the bet is a push (a gamblers word for a tie) and you get your money back.
7. Over/Under
This one’s pretty easy. Whereas the spread concerns the bettor with who will win or lose and by how much, the over/under simply serves as the expectation of how many points both teams will score. An over/under of 65 means that expectations are the sum of both teams’ final scores to be 65. You can bet the under, meaning you expect the actual total to be less than the expectation, or the over, which means you expect it to be more than the expectation. It’s perhaps the simplest type of wager in sports.
6. Tease
A tease is a type of parlay, but the payout is less because the bettor gets more favorable betting terms. For instance, if you tease Seattle to cover against Oakland with the over, then the line would get reduced (say from 5 points to 1) and the over would get reduced by 4 points as well, say from 53 to 49. This makes winning the individual bets easier, but it doesn’t pay as well because of the favorable terms.
The following is a Glossary of Gambling Terms for: NFL betting, College Football betting, NCAA Football betting, Baseball Betting, MMA Betting, UFC betting, Boxing wagering, NHL betting, NBA betting, NCAA Basketball betting, College Basketball Betting and other major sports. Sports Betting Glossary There are many words and phrases used in sports betting that may not make sense until you understand what they mean. To help you with that, we have compiled the following glossary of sports betting terms as a useful reference. Online sports betting can be a great way to place wagers on your favorite teams and competitions. However, if you’re fairly new to online gambling or sports betting in general, there may be a lot of terms that you’re unfamiliar with. Before you jump into betting on your favorite sports, our gloassary a look at some of the terms you’ll. The meaning of hundreds of sports betting terms and jargon used by Australian, UK & US sportsbooks & gamblers. Definition of sports betting vocabulary. Definitions and easy-to-understand examples of gambling terms, betting slang, sports betting terminology and more. Sports betting (aka sports gambling)is about to become more prevalent, following.
Sports Gambling Terms And Phrases
5. Money Line
This is the bet you make if you just want to pick the winner and loser, regardless of the point differential. Of course, when New England is playing Cleveland, the outcome isn’t exactly 50/50, so there still needs to be an adjustment. And that adjustment comes in the form of the payout. If NE is favored -160, that means you need to bet 160 bucks to win 100. If CLE is the underdog at +145, that means that you bet 100 on Cleveland to win 145. Is it needlessly confusing? Yup. But good luck trying to change it.
4. Prop Bet
A prop (proposition) bet is any bet that’s not on the final score, but on a particular aspect of the game. A prop bet could be anything from the number of three point shots Kobe Bryant attempts in a game to how many combined onside kick attempts both teams will have. Prop bets can also be more conventional, like odds on whether or not LT will break 100 yards rushing in a game. These are rarely put on the screen in sports books, but rather listed on fliers near the cage.
3. Buying Points
Buying points entails paying cash up front to get a more favorable line for the team you wish to bet on, regardless of whether they are the favorite or the underdog. The amount a point costs varies from the size of your bet and the nature of the line, so no hard and fast rules exist.
2. Hedging
Hedging generally means betting both sides of a line (not at the same time) so that you can lock in a smaller victory, but remove all (or some) risk. For example, lets say you’re betting on the Master’s, and you pick Tiger to win the tourney. Then on day three, he gets a huge lead, and you can now bet the field at better odds with the same amount of money. Either way, you will make more than your original bet and your risk will be eliminated or mitigated. However, by hedging you will make less than your original bet would have paid had you not hedged.
1. Taking the Points
This refers to betting on the underdog of a match when betting the spread. If the spread on Buffalo vs. Philly is Buffalo -7 (Buffalo favored by 7 points), then by taking the points, you are betting that Philly will lose by less than 7 (or win). Simply put, taking the points means betting on the underdog.
While not as popular as betting against the point spread in sports gambling, betting the “over/under” isn’t that far behind. Sometimes you may see this as O/U, over-under, over under or simply referred to as “the over” or “the under.”
What does over under mean in betting?
Simply stated, it is the total of the points scored by both teams. While all sports employ an over/under betting option, by far the most money wagered on this bet is in football and basketball. Sports like baseball and hockey offer over/under options, but the vast majority of bets on those sports in based on the established “money line” to pick a winner at a set price.
Unlike a point spread bet in which you are aligning yourself with one team, you’re betting on both teams – either their offenses or the defenses – when betting the over/under. Sports books set over/under scores on games based upon numerous factors.
Gambling Sports Terms Crossword
Gambling Sports Terms Glossary
In the NFL, most over/under scores are set in the low-to-mid 40s.In college football, over/under scores are usually in the high-40 to low 50s – in the Big 12, the land that defense forgot, it can hit the 60s.In the NBA, a typical over/under tends to hover in the 210 range. In college basketball, a standard over/under is between 140 and 155.The hidden factors that come into play in determining a point spread vary by sport, but have common themes. Recent team history is a primary factor that sports books like to exploit. Sports by their nature are a reflective business based on developing trends from previous games (“getting on a roll”) and, if a football team has scored 40-plus points in three straight games, the over/under is going to be higher because sports bettors tend to believe that trends are going to continue. It’s human nature…until they don’t.
Sports Gambling Terms
If a critical player – a quarterback in football or a dominant scorer in basketball – is out or playing injured, the over/under will drop.
Other factors critical in setting the over/under number include weather (where applicable), an undefinable history between teams (you know Steelers-Ravens games are going to be physical bloodbaths) and injuries that may not jump out to casual fans that mean a lot sports books are all factors that go into creating and setting an over/under line that will draw an even number of fans to both sides of the number.
The key to betting the over/under is to look at a slate of games without knowing what the over/under is and set what you believe it should be based on your knowledge of those two teams. The ones that differ the most from what you think should be are the ones to place your bets on.
Sports Gambling Terms And Phrases
One final note that has been a mantra of those who bet the over/under with some consistency – every game is under until it goes over.
If you’re new to sports betting, start with picking and choosing games you’re convinced should go under and get an understanding of how late-game fireworks can botch your plans.