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If a first-place team plays against a last-place team, for example, the expectation would probably be for the first-place team to win. More broadly, though, the favorite is the most likely outcome in a presented betting scenario. Here are some examples:. When reading American betting odds , the favorite is the team whose odds begin with a minus sign.
This is true whether the odds are being listed as a spread or a moneyline. This allows bettors to make bets on how close a game will be, as opposed to simply betting on the winner and loser. The greater the spread, the bigger the favorite. In the case above, the Seahawks are seen as 3. If they were to win by three or fewer or lose , those bettors would lose their money. That number is simply to denote the vig tax taken by the sportsbook.
In such a game, assuming the vig is once again on each side, there is no favorite. Reading moneyline odds is very similar to reading the vig, with the only difference being the numbers can be far more distant from even. So in this case, LA is a pretty heavy favorite. Thanks to spreads and moneylines, the difference between favorites and underdogs is nullified from a betting perspective. In fact, betting on every NFL spread favorite since would have resulted in an overall record of In bets in which there are more than two options so, not simply one team vs.
Futures are a great example of this, as are three-way lines in soccer , where a draw is one option. MVP: Player honored as most valuable to their team during the regular season or playoffs. Wagering on who will be named the Most Valuable Player is a popular futures betting option in professional sports.
Nap: Similar to a lock, a nap is a handicappers suggested best bet on a daily betting card. No action: Betting options cancelled by a bookmaker are graded as no action. Original stakes are returned to bettors. Novelty bets: Prop and special betting options that are wagers beyond standard moneyline, point spread and game total odds. Team and player propositions are the most common novelty bets. Odds: Betting lines set by a bookmaker on a variety of events. Oddsmaker: Same as a linemaker, a person or group that sets daily betting lines and prices.
Odds on favorite: One side that is viewed as far superior to the other and is priced with odds that offer very little value. Odds shopping: Reviewing the lines at a variety of sportsbooks in order to find the best priced odds. An injury to a star player may cause bookmakers to pull odds off the board.
Outright betting: Predicting the overall winner of a tournament or playoff competition. Over bet: Opposite of an Under bet on game total options. Bettors need to determine if the combined scores of both teams will go over or remain under the number. Also known as game total odds. Parlay : A single bet, also known as an accumulator or multiple, that consists of two or more sides. Each side must win to produce a winning ticket.
Parlay banker: Forming the base of a parlay wager, a banker is a favorite side to which other sides are added. Payout: The amount a bettor collects on a winning wager. When a wager is placed, the possible payout on a betting receipt usually includes the original stake. Held in late May at various courses across the United States. Point spread : Odds posted on a match that are designed to level the playing field. Favorites are listed with a negative Post time: Scheduled start time of a race.
Power rankings: A ranking system that uses a variety of criteria to grade teams, in a specific league, from the best to worst. Preakness Stakes: Second jewel in the Triple Crown of thoroughbred racing. Proposition bet: Often shortened to prop bet, proposition bets are exotic or special wagers that are offered on most sporting events. NFL Super Bowl prop betting options number in the hundreds. Proxy : A proxy is an individual, or a group of individuals, who place bets for other people.
The term is most commonly associated with people who submit picks for non-Las Vegas residents that are involved in season-long sports pools like the Westgate Las Vegas SuperContest. Puck line: Point spread pricing in hockey. Prior to a match, the favorite is normally posted at Push: Any wager where the final result is a tie.
If a basketball spread is 11 points and the final score is spread bets on both teams are graded as a push and original stakes are returned. Quarter Bet : Any wager placed prior to or during any quarter of a sporting event. Prior to an NBA game, Boston may be a LIVE betting odds will change often as the first 12 minutes of the match play out. Recreational Bettor: A player that bets infrequently or on major sporting events only.
Rec player bets are counted as public money. Opposite of a sharp or professional bettor. Rotation Number: A number assigned by bookmakers to every betting option on the board. Bettors use the rotation number when placing a bet, rather than team names, at betting windows at land based sportsbooks. ROY: Honors the top first year player in most professional sports leagues. Wagering on which player will be named the Rookie of the Year ROY is a popular futures betting option.
Run Line: Point spread pricing in baseball. Prior to a game the favorite is normally posted at Second half bet: Any wager that focuses on the outcome of the second half of any competition. Bettors can place wagers before the second half begins or make live bets once the match resumes.
Selke Trophy: Awarded to a forward not a defenseman or goaltender with the best defensive skills during the NHL regular season. Sell points: Bettors can sell points by using alternate point spreads and game totals. In football, if a player moves a line from Juice becomes more favorable for the bettor with each point sold. Sharp: A professional sports gambler who uses vast resources to determine their wagers. Sharps look at the big picture and base their bets on knowledge.
Pro bettors always shop around for the best prices and will bet on favorites or underdogs when they receive proper value. Special: Similar to prop and exotic wagers, special bets are added to a competition beyond the more common moneyline, game total and spread betting options. The Rams need to defeat the Giants by at least eight points to cash a winning ticket. Bettors lay the spread with favorites and take the spread with underdogs.
Sportsbook : A free standing shop, or in dedicated space at land based casinos, sportsbooks have become popular meeting spots for bettors and sports fans alike. Sportsbooks accept bets on US events, plus action from around the globe, and provide giant screens for bettors to watch the action play out.
Square: Another term for a novice or recreational player and the opposite of a sharp or professional bettor. Stake: The amount of money a bettor risks when placing a bet. Original stakes are returned on all winning wagers and many bets that are graded as a push. Staking method: Differs from bettor to bettor. Some players set maximum stake limits on each bet they place while others use a bankroll percentage as their stake. Steam : Odds that change quickly usually due to a large amount of betting action by sharp bettors or syndicates.
Straight bet: A single wager on moneyline, spread or game total betting options. Syndicate: A group of bettors that pool funds and use their combined knowledge to bet on events. Syndicates will often wager large amounts to move a line and then place an even larger bet on the new price they helped create. Taking points: A bet placed on an underdog side. Tickets cash is the Nationals win outright or lose by one run. Teaser odds : Any line moved up or down by a bookmaker to entice tease bettors.
Players can tease odds on a single game by using alternate lines. They can also place a parlay bet from a teaser card issued by a sportsbook. Teaser Card: A daily list of all games, from one specific sport, where the odds are higher or lower than the prices posted on the main betting board. Teaser card bets require selecting two or more sides. Tip: Betting advice offered by tipsters and handicappers that suggest the most likely outcome of an event. Tips should never be bet on blindly but can be helpful when used with a proper pregame research plan.
Tipster: A person or group that offers betting advice. Some tipsters offer free sports wagering advice while others charge a fee for their tips. Held annually in late July at a golf course in the United Kingdom. Also commonly known as The Open or the British Open. Three-way odds : Wagering options that have three sides and include ties as a betting option.
Two-way odds: Wagering options that have two sides and do not include ties as a betting option. Under: Opposite of Over on game total betting. If the total on a Lakers vs. Clippers match is set at , players who place under bets need the combined final score to be points or less.
Underdog: Perceived to be the inferior side, underdogs are posted with a positive number. Open Golf : Third of four major Grand Slam golf tournaments that is played in the late June at various golf courses in the United States. Vigorish: Another term for juice. Wise Guy: Handicappers, sharps and professional bettors with vast knowledge of the sports they bet on. Rootes had been with the Texans organization for more than two decades.
Three years after their magical Final Four run, the Ramblers are out to prove that this year's team is even better. Get the inside scoop! The two sides meet in the first leg of the Copa del Rey semifinals on Wednesday, Feb. He said that a fan streaking on the field during Super Bowl LV was "exactly what we needed to complete the night. He ordered the team to stop playing the anthem, and nobody noticed.
The Glazers lifted the Lombardi Trophy by turning to a year-old quarterback, but an analogous line of thinking won't end Man United's doldrums. This is believed to be the first instance of a professional team getting rid of the U.
Home Gambling. A Accumulator: A parlay bet in North America, accumulator wagers consist of two or more selections and each side must win or push to create a winning ticket. Book: Short for a bookmaker or sportsbook that posts odds and accepts bets.
Bookie: Short for a bookmaker. Chalk bettor: A player that bets on favorites with the majority of their wagers Circled game: Matches that have set betting maximums, which are capped at low amounts. E Each-way: Common in horse racing, each-way betting takes a single amount and splits it on a horse to finish first or second. F Favorite: Any side priced with a negative number. H Half ball handicap: Soccer betting odds where 0. I If bet: A member of the parlay family, an If Bet consists of two or more wagers.
J Joint favorite: Two or more sides posted with the same betting odds on the same event. N Nap: Similar to a lock, a nap is a handicappers suggested best bet on a daily betting card. O Odds: Betting lines set by a bookmaker on a variety of events. P Parlay : A single bet, also known as an accumulator or multiple, that consists of two or more sides.
Public money: Amount wagered by the general public on any betting option. Q Quarter Bet : Any wager placed prior to or during any quarter of a sporting event. R Recreational Bettor: A player that bets infrequently or on major sporting events only. S Second half bet: Any wager that focuses on the outcome of the second half of any competition. T Taking points: A bet placed on an underdog side. Ticket: A receipt issued by a bookmaker to confirm a wager has been accepted.
U Under: Opposite of Over on game total betting. W Wager: Placing a bet on any event offered at a sportsbook, casino or racebook. By Joseph Salvador. College Basketball. By Kevin Sweeney. By Shawn Childs. By Avi Creditor. By Ben Pickman. Extra Mustard.
By Jimmy Traina. By Jonathan Wilson. By Madeline Coleman.
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