Sports Betting Terms
|the sportsbook at the Monte Carlo Las Vegas
If you are new to sports wagering or simply looking to learn
more about certain phrases and terminology, here you will find some common sports betting terms and definitions.
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A wager of any kind.
'Against the spread' refers to a team or player's usually recent or longer history (record) of covering the odds (spread bet) when listed as favorite or underdog. Example: the Grizzlies are 7-1 ATS in their last 8 after scoring 100+ points in their previous game.
An establishment that accepts wagers on the outcome of horse racing
and sporting events. Also commonly referred to as a bookie (person), bookmaker or sportsbook.
Your available gambling money.
Buy Points means that you can move the point spread so that you
give away fewer points with the favorite or get more points with
the underdog, for both american football and basketball. To do this you must
pay an extra 10% for each ½ point you buy in your favor.
For NFL football and NCAA football, you would pay an additional 15% to
buy on or off of 3 points - also know as Key Points. And if you
buy through 3 points, you would pay an additional 20%. NOTE: There
are usually no Key Points for basketball. You would pay a flat 10% for each 1/2
point you buy. An example of how to buy off of 3 points: the Baltimore
Ravens (-3) are 3 point favorites. To buy 1/2 point and make them
a 2.5 point favorite, you would need to lay 125 to win 100.
Buy Point Chart (Football Key Points)
|Buy 1/2 point to 3
|Buy 1/2 point off 3
|Buy 1 point to 3
|Buy 1 point off 3
|Buy 1/2 point any other
|Buy 1 point any other
To bet the spread by the required number of points. If such occurs
you have "covered the spread".
One thousand dollars.
The underdog in any betting proposition.
East Coast Line
Mainly used in hockey, which has a split-goal line e.g. - Philadelphia
Flyers (1 - 1 ½) favorite over the LA Kings as opposed to
goal spread plus moneyline (-1/2 -180).
Any bet other than a straight bet, i.e., parlays, teasers, if bets,
reverses, round robin, round robin box reverses, etc.
Odds posted on the winners of various major sport championships
in advance of the event, including the Super Bowl for NFL Football, the World Series for Major League Baseball,
the Stanley Cup for NHL Hockey, the NBA Championship for NBA Basketball, and the World Cup for international soccer betting.
The sum of all wagers collected for a particular event or over a specific time period by a bookmaker.
Placing bets on the opposite side in order to cut losses or guarantee
winning a minimal amount of money. (also see 'middling')
Holding Your Own
Neither winning or losing, just breaking even.
A half point added to football and basketball betting lines.
Another name for vigorish, or the tax that a bookmaker charges for each wager. Some books may offer 'no juice' or free sports betting offers as incentives for potential bettors to join their company.
The listed odds on a game (points or money line).
Easy winner, can not lose.
A team or horse that is unlikely to win.
Middles (or Middling)
To win both sides of the same betting proposition; betting the favorite
team at -1.5 with one bookmaker and then taking +3.5 with another
bookmaker; the game ends up with the favorite winning by exactly
3 points, you have then "middled the game".
A moneyline is offered when no handicap is given, such as a point
spread or run line, and the odds are not therefore fixed. Payouts
are then based on true odds rather than fixed odds. The favorite
and underdog are given odds to win a game or fight.
The minus sign (e.g.-130) always indicates the favorite and the
amount you must bet to win 100. The plus sign (e.g.+110) always
indicates the underdog and the amount you win for every 100 bet.
Therefore based on the above moneyline, you bet 130 to win 100 on
the favorite. For the underdog, you win 110 for every 100 bet.
The betting line which quite often appears in the daily newspapers.
The lines are only approximate and are sometimes inaccurate
and misleading. We recommend browsing a sports odds comparison for the most up-to-date odds in online sports betting.
Odds On Favorite
A horse, team, or individual so favored by the public that the odds
are less than even.
The line that the bookmaker uses for wagering purposes. The line
which comes from Las Vegas is quite often referred to as the official
line; however, the line that your bookie offers you is actually
your "official line".
An advantage for the bettor in which the price on a given wager
is greater than the
real probability of its success.
A wager that the total combined score by two teams will be more than
the total posted by the sportsbook.
A multi-part bet, usually involving three or more teams, in which each team in must win or the parlay loses. Payouts for parlay bets are are incrementally higher than for single wagers.
Wagers on a minimum of 3 and up to 15 propositions; the more you
pick, the higher the payoff.
Occasionally, there will be no favorite on a game. In this instance
the game is said to be a pick and you can have a bet of 10/11 (bet 110 to
win 100) on either team.
The pointspread - also called "the line" - is used as
a margin to handicap the favorite team. The oddsmaker - also called
the handicapper - "gives" points (or goals) to the underdog
- for betting purposes only. The bettor must take either the favorite
or the underdog. The favorite is always indicated by a minus sign
(e.g. -8.5) and the underdog by a plus sign (e.g.+8.5). For betting
purposes, the outcome of the game is determined by taking the actual
game score and finding the difference between the scores of the
two teams playing (called the pointspread or just the "spread").
For example - the Detroit Lions are 8 point favorites over the New
York Giants (an 8 point spread shown as -8 beside Detroit on our NFL lines page). If the final score is Detroit 20, New York
13, then the actual game score "spread" is 7 points (20
minus 13). In our example, if you took New York (called the "dog"),
you would win the bet since Detroit had to win by 9 points or more
to "cover the spread". Detroit needed 2 more points to
"cover" since if the game landed right on the "spread"
of 8 points it would be called a "push" (similar in concept
to a tie in Moneyline wagering, which is also called a push) and
it would be "no action" (no bet and money held in your
account to cover the wager is released back into your available
balance). If the "spread" is put in at a half point (e.g.
-8.5 for the favorite Detroit) by the sportsbook handicappers then
there can be no "push". In this case, there is "action"
at any final game score pointspread. In a pointspread, you must
wager 11 to win 10 (21 is returned to the winner). 10/11 is the
standard for pointspread bets on most sports.
The scheduled starting time.
A wager on a particular aspect of the game such as how many field
goals will be made.
Hockey combines both a handicap/spread and odds. This is called
the puck line.
Boston +1 (-110)
Detroit -1.5 (-110)
The favorites are the Detroit Red Wings, who are giving the Boston
Bruins 1.5 goals. To win the bet, Detroit would have to win the
game by 2 goals. When placing this bet you are getting even money,
which means that for every 110 you wager, you will win 100. If you
are betting on Boston, you will receive a 1.0 goal handicap, meaning
that if Detroit wins by 1 goal the game is a push. If the game ends
in a tie or Boston wins, then you win the bet. The odds again are
If the result of a game lands exactly on the pointspread or is a
tie in the case of betting a moneyline, or if the exact score of
the game matches exactly the sportsbook's posted game total (Total),
then the game is a "Push" or "No Action" and
all wagers are normally released.
A form of parlay betting in which we wager various combining team
wagers. A three-team robin is team 1 to 2, 1 to 3, and 2 to 3. A four-team
robin is team 1 to 2, 1 to 3, 1 to 4, 2 to 3, 2 to 4, and 3 to 4.
A line used when wagering on baseball.
When one side of a wager wins and the other side ties.
A typical receipt of a wager or wagers placed at a land-based sportsbook.
When a betting line starts to move quite rapidly. Most 'steam
games' do not
necessarily reflect the 'right side', but are games that
the mass of bettors somehow decide to key on.
A consecutive string - usually at least several - of winning bets.
'Straight up' refers to a team or player's history (or record) against an opponent regardless of odds or being favorite / underdog. Example: the Bears are a mere 4-12 against the spread in their last 16 off a SU win.
Wagering on the underdog; taking the odds.
Total combined point/runs/goals scored in a game; In baseball, if
either of the two listed starting pitchers don't go the distance,
the bet is automatically canceled.
A bet that the total combined score for two teams will fall below a posted total.
Getting the best odds on a betting proposition; the highest possible
The house's commission on a wager. Formally known as 'vigorish'.
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