Gambling Glossary 101 & Sports Betting Terms

gambling glossary 101 and sports betting terms

In the digital world, sports betting might seem new but there are many beste betting sider that allow you to bet online on sports.

In Norway, the people and the government are very open to e-sports and the online gaming culture. Sports betting is the new feather in the hat. With many technological advancements, this industry has also shifted online.

Before you go ahead and place your first bet, go through these most commonly used terms to make yourself look like a pro. This will help you make more accurate bids and help you win huge cash outs. For more help and insider information, check out Doc’s Sports.

Sports Terms & Glossary

  • Action Action: The wager that you place in your game.
  • Added Game: An added game is a game that is not part of a regular Las Vegas rotation game. It is considered a rescheduled game.
  • Against The Spread (ATS): Against the spread is taking up or laying points as opposed to taking.
  • Arbitrage: The purchase and sale of the same game in different markets in order to make a profit from unequal prices.
  • Bankroll: The total amount of money that you have to play with.
  • Buying Points: The points that are added on fees that make you get a game at a more attractive price.
  • Chalk: The favored team.
  • Cover: In sports activities together with soccer and basketball, a bettor wins their guess if they cover the factor unfold. For instance, in case you wager a 7-factor preferred and they win via nine, you have included the spread.
  • Dime: Dime is the bet of $1,000.
  • Dog: It is a short form for an underdog. This is the team that the other players assume to lose.
  • Draw: The draw is also known as a push. If the game has no winner then the better will get their money back.
  • Edge: The bettor’s advantage in the house.
  • Even Money: A wager wherein you aren’t paying any vigorish
  • Area: In proposition (prop) bets, bettors are regularly allowed to guess the field. This refers to an accumulation of all the groups or gamers that are not specifically listed.
  • Hedging: Placing bets on the opposite side after you have already placed a wager on one side. This can be used to either cut your losses or guarantee a profit.
  • Hook: In spread based sports, the hook is an extra half-point that bettors can get. Oftentimes in football, bettors will buy the hook around key numbers like 3 to get a line of 3.5.
  • Limit: This is the maximum money that a sportsbook will take in a single event.
  • Middle: The middle is when both the teams have equal opportunity to win the game.
  • Off The Board: Off the board is the game or event on which the sportsbook will not make you bet. It is usually under the conditions when a player is surrounded by an injury or the game is halted by weather conditions.
  • Public Percentage: This is also called public trends. This tells you about the real percentages from the seven contributing sportsbooks.
  • Push: Push is the term used when a contest ends without a winner.
  • Real Time Odds: These Are lines that are updated as the sportsbooks adjust their lines.
  • Return on Investment (ROI): It is used to measure the efficiency of the investment made.
  • Runner: A person who makes the bet on behalf of the other person.
  • Steam Move: A uniform line movement in the marketplace.
  • Tout: A person who sells his tricks and tips to other players.
  • Units: Units are the measure of the points that will make you tell that you won or lost a bet.
  • Wager: Wager is the bet you place.
About David: Techthusiast & Avid Traveler.