sports betting definitions
Now that we’ve covered the basics of sports betting, I’d like to get into a little more detail about all the different sports betting lingo.
To the casual observer, sports betting looks complicated with all its jargon and betting types but it’s actually not as bad as it looks.
To get you started, we’ll cover some of the basic terms sports bettors use and then follow up with a list of some of the best sports betting sites.
OddsWhen people use the word “odds” in a sports betting context, they are referring to the amounts the bookmaker will pay out on winning bets. Sportsbooks determine the odds they offer based on the chances they think an event will take place.
For example, if a sportsbook believes there’s a 1 in 10 chance that an underdog team will beat a good team, they might offer 9 to 1 odds on your bet. So if you bet $10 on the underdog and the underdog wins, you’ll get back $90. The reason they don’t offer 10 to 1 on this bet is because they need to figure in a profit to keep the sportsbook running. That profit comes from the difference between the actual chances of the team winning and the odds they pay out on winning bets.
Over/Under Bets and Totals BetsThese are pretty simple bets where the sportsbook offers bettors a chance to bet that some certain statistic will be either over a set amount or under it. For example, a sportsbook could offer an over/under bet on the combined score between two football teams. If the sportsbook set the total at 50 points, you could bet that the combined score between the two teams would be over 50 points or under 50 points.
The spread is a bet that’s designed to get an equal number of bettors on both sides of the bet. If a very strong team is playing a weak team, too many people tend to bet on the strong team and this can seriously hurt big bookmakers.
To get people to bet on both sides of the event, the spread specifies that the winning team must win by a certain number of points to “satisfy the spread.” For example, if the Chiefs are playing the Raiders and the spread is Chiefs (-14) that means the Chiefs must win by 15 points or more. If the Chiefs only win by 7 points, the people who bet on the Chiefs lose and everyone who bet on the Raiders to win will win their bets.
Parlay bets are designed to let sports bettors bet on several different matches at the same time. The best way to explain a parlay is to use an example:
Let’s say the Chiefs are playing the Raiders and the Cowboys are playing the Redskins this weekend. You pick one team for each match and if both your teams win, you get paid better odds than you would if you’d just picked one game.
So in this example you pick the Chiefs and Cowboys as the winners. If both teams win, you win the entire parlay. If either or both teams lose, you lose the entire parlay. Parlay bets are harder to win but they offer a chance to win big money. You can pick up to 15 matches at most sportsbooks. It is also known to be one of the more enjoyable things casual sports bettors enjoy wagering on, just because it makes watching multiple sports games that much more exciting to watch and follow.
http://www.enterbet.com
In addition to organized sports betting, both legal and illegal, United Kingdom Office of Public Sector Information: Definition as Gaming
sports betting rules are about betting rules, bet type and bet limits. Rules for betting, definitions and betting strategies are at
Sports Betting terms and definitions used in the sports gambling and wagering industry in dictionary format
Labels: sports betting definitions, sports betting sites review, sports betting sites reviews, sports betting website reviews, worlds greatest sports betting system
#
posted by sportsbook bettingsites : 1:20 PM
