He provided CNBC. We also spoke with Robert Carter, a sports gambling consultant whose clients refer to him as Incarcerated Bob , even though he is not actually incarcerated. He provided insight into these terms, which any self-respecting sports bettor should know. According to Bob, typical bets on regular-season NFL or NBA games can be in any amount, but some illegal bookies might require a minimum bet in this quantity.
A "future" is a bet on an event that will take place later on, ideally before the season starts. The advantage of this type of bet is that if you win, you'll win much more money than you would with a regular-season bet. Bob said it's usually made by someone betting a large amount on a "parlay," which is a bet on two or more teams in which all the teams have to win.
A "moneyline" is a bet where a gambler only has to pick the winner. The odds fluctuate based on whether the team is favored to win, or is the underdog. The inverse is the case for underdogs. In order to win any money, the total number of points between the two teams must exceed that amount. But if the final score is under, or only meets the amount, then this is known as a "push," a dreaded scenario.
According to Matcovich, a "spread" is a bet that is won or lost based on an amount of points assigned to a team. That amount can be plus or minus. A "teaser" is a bet that combines at least two wagers. Favorite: A team or player that, according to the odds, is the stronger or strongest in a given match-up or is regarded as such by the betting public or is expected to win.
First-half betting: Wagers that involve the outcome of the first half of a game only. Futures: A type of wager involving the outcome of a season or how a particular team or player will perform over the course of a season. Halftime betting: Wagers, based on betting lines posted at halftime, which involve the outcome of the second half of a game only.
Handicap: To study and research sports in order to make predictions on the results of upcoming games and events. Handle: The amount of money in wagers accepted. Hedge: To make a bet that takes the opposite side of your original position, usually to reduce risk or lock in some profit. Layoff: A type of wager made by one bookmaker with another, often larger, bookmaker in order to balance action or reduce risk. Lock: A bet that cannot lose; a term that is often misused and abused by disreputable touts.
Match-up proposition: A betting option that pits two players against one another in a contest or event, often used in golf and auto racing wagering. Middle: A situation in which you bet both sides in a game and win both bets, due to favorable line moves. If the favorite wins by exactly 3 points, both bets win.
Money line: The odds on a team winning a game outright, regardless of the point spread. Money management: Any strategy used by a bettor for making the most of his bankroll. Offshore: Designation for the organized sports betting industry outside of the United States. Out: A place to get bets down, whether it's a Nevada sports book, offshore book or illegal bookmaker. Parlay: A bet in which two or more events must happen in order to win; if any one of them does not happen, the wager loses. Pay by mail: How sports books usually pay off winning tickets to tourists who make a bet while visiting Nevada, then return to their home state before they have a chance to cash them.
Pleaser: A specialized form of a parlay that improves the point spread for the book but pays off at improved odds. Point spread: The number of points added to or subtracted from a team's actual score for betting purposes. Power rating: A numerical representation of a team's strength for betting purposes.
Public: Average, unsophisticated or casual bettors as a whole; or, used to describe money bet by the public "a lot of public money came in on the Cowboys" ; see "square. Rotation: The official list of all the games on the betting board, presented in a specific order. Round robin: A specialized form of a parlay that uses every combination of a set of teams in a wager. For example, there would be six two-team parlays within a four-team round robin. Scalp: A form of a middle in which you bet both sides in a game, taking advantage of line movements to secure a profit.
Sharp: Savvy, highly informed; or, used to describe the money bet by sharp players "a lot of sharp money came in on the Eagles". Side: A variation of a middle in which you win one bet and push the other; also, a particular team in a match-up. Square: An unsophisticated or casual bettor, the opposite of a wise guy; see "public. Takeback: On a money line, the price of the underdog. In baseball, if the favorite is minus , the "takeback" on the underdog is often plus Teaser: A specialized form of a parlay that improves the point spread for the bettor but pays off at reduced odds.
Totals: A type of wager that involves whether a score or result will go over or under a posted number. Tourist: A typical visitor to Las Vegas, almost always used as another way to say "square. With a cent line, if the favorite is minus , the underdog is even money.
Underdog: A team or player that, according to the odds, is the weaker or among the weakest in a given match-up, or is regarded as such by the betting public, or is expected to lose. Wise guy: A sharp, successful, established professional sports bettor. Wood: The price of a heavy favorite. If you bet the Red Sox as a minus favorite, you "lay the wood" with the Red Sox.
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As the grind of the game regular season proceeds into summer, expect plenty of line movement in response to teams revealing their strengths and weaknesses. This year's Fall Classic appears too close to call. The Red Sox enter game one as favorites, after trouncing the Astros, but the Dodgers shouldn't be taken lightly after defeating the hottest team in baseball for the National League pennant.
October is the best month in baseball, as the MLB playoffs begin the post season journey to the World Series. For the first time in history, four elimination games were played before the divisional round, including a pair of tiebreakers and wild card matchups.
Baseball and proposition bets go hand in hand. With the Los Angeles Dodgers match their win season from a year ago? Can Chicago Cubs slugger Anthony Rizzo hit over. Can Edwin Encarnacion maintain his home run status with the Cleveland Indians? Here are a few of the best prop bets to consider heading into the Major Baseball League season. It was only two years ago the Toronto Blue Jays were considered to be legitimate World Series contenders.
Can Toronto get back to that status after a disappointing year? Check out our MLB Preview, where we break down the top series to bet on and even offer predictions for each. Read this article. Menu Quick Access. Sports Betting Reviews. Copyright - SportsBettingReviews. New York Islanders. Carolina Hurricanes. Edmonton Oilers.
Toronto Maple Leafs. Tampa Bay Lightning. There was a cent difference between the two numbers, so BetAnySports dealt a dime line on the game. There was a cent difference between the numbers, so that casino had a cent line. Such odds are an example of a twenty-cent line, as x 2 equals But some sportsbooks, like BetAnySports , offer reduced juice on football and basketball games, and make each team Those odds would be a dime line, as -5 x 2 equals One of the reasons why BetAnySports is our 1-rated sportsbook is that it offers a dime line i.
So keep in mind that a dime line refers to odds, while a dime wager refers to the bet size. Of course, the dime bet is not the only sports betting lingo employed to refer to wagering amounts. There are many other terms bettors use. We'll give you a little overview here with the most common terms:. The sports betting industry is very competitive. There are many online betting sites worldwide. One of the reasons BetAnySports is atop our Top 10 Sportsbook rankings is that it offers reduced juice -- that is, odds on football and basketball games, rather than odds.
Reduced juice translates to less profit for the sportsbook, and greater profit for the bettor. And if you are betting nickels and dimes, that extra profit adds up fast. Besides the vigorish, there are other factors to take into consideration when you choose your sportsbooks. And, take note, we used the plural of sportsbook since all sports bettors should play with at least three sportsbooks in order to shop the lines to get the best number. One crucial criterion when looking at sportsbooks is its maximum bet size.
In our review of sportsbooks, BetNow has the best sign-up and reload bonuses, and currently ranks as our 2-rated sportsbook, overall. Finally, an important concern for many is that the sportsbook has a very modern user interface to make the placement of bets fast and easy.
The sports betting world is filled with colorful characters, of course, and also interesting lingo. Here, we created a list with some of the betting terms that you should know when you want to take a deep dive into the industry. It's essential to manage your bankroll correctly.
You're in this for the long run, not just for a one-time bet to cash in and walk away from the sports betting industry.