Understanding different sports betting terms
Sports betting is now legal in 26 different US states and this figure with be 30+ in 2023. Online sports betting is growing astronomically since its expansion in America, with everyone from TV networks to sports associations getting involved in the action.
The industry has become a betting giant but also a great source of entertainment, and fun great, with some great user interaction on the best sports book platforms. With all this fun and entertainment it’s important to understand all the different terminology in sports betting, the easiest way to do this is choose a sport you know lot’s about. There is a massive amount of different sports and concurrent leagues running all year round and all involve betting.
Therefore, as an individual, you should bet on a sport that you know, follow and enjoy. Knowing the sport, team or the individuals players, gives you a big advantage in betting.
Range of Bets
Betting is easy and fast for people knowing what they want to bet on. Some sports offer a wide range of sporting bets, such as soccer, basketball, etc. these games also operate in an efficient price market where bookmarkers have quite accurate predictions. If you look at individual sports like tennis or golf, there is a massive variety of bets as you put on, because in these sports you can bet on every whole or game, which means very high frequency betting.
Understand the Betting Word Jargon
Betting language according to https://futureplay.news is a whole different ball game and to confuse things further, different terminology is used in the US and the rest of the world. It means that there are many words used to refer to different things.
Sportsbook is the term used for a company that accepts bets from individual sports bettors. In Europe a sportsbook is bookmaker or bookie.
Bookmarker is an individual who takes chances and creates sporting, even betting lines. ‘
The draw means that the results of the bet fall on the bookmarkers line. Therefore, there is no win for such a chance for bettors.
The hook is a half point that gives an advantage to bettors. The half point purchases add a half to a bettor’s keys numbers such that seven becomes 7.5.
Risk free bet – Sportsbooks have some very generous offers and the most popular one is the risk free bet. When you see an offer “Risk-Free Bet Up to $1,000” it means that if you lose you’ll get the amount of your initial wager back in something other than cash, usually credit or a free bet.
Bonus deposit – A deposit bonus is a type of bonus that you receive when you make a money deposit online. When you see “$1,000 bonus deposit means when you deposit money into your account, you unlock the bonus.
No Sweat First Bet – Another offer is the FanDuel “$1,000 no sweat bet” offer allows new users to make a qualifying bet, and if it doesn’t hit, they can get back the amount they wagered in betting credit. So the player receives a complete refund in free bets.
Take advantage of these very generous offers as the are much better than anywhere else in the world.
Different types of betting
Outright – This popular betting style requires you to pick one athlete or team to win an entire sporting event or tournament. This sports betting method is very often used for wagering on tennis and golf tournaments, title fights and soccer leagues.
Prop bet – Proposition bet involves wagering on outcomes other than the final score of a game. Common prop bets include how many touchdowns a running back will score or how many three-point shots a basketball player will hit, or the number of goals a soccer player is to score in a game no more no less
Parlay – Or also known as an accumulator involves putting two or more sides on one wager and all sides must win, so the risk is higher but so is the reward. A $100 bet on a four-team parlay at 11-1 odds could return $1,100 if all four sides win. But if only three sides win, the bet is a loser.
Spread betting – Involves betting against what bookmarkers line. It involves spreading your bet such that the team in support of winning takes points while that on the losing end gives. For example, if the Rams are listed as the 7.5-point favorite against Steelers, that side must win by 8 points or more to cover the spread. Steelers can cover the spread by winning outright or losing by 7 or fewer to cover.
Futures – You aren’t limited to wagering on games happening right now. Futures bets let you wager on sports outcomes that will take place months from now. Even at the start of the football season you can still place a futures bet on which team will win each conference.
Money line bet – Involves betting on a winning side with no interferences. The team that bookmakers are in support of winning always has lower paying odds. The favored team pays lower odds than the underdog, therefore it acts mainly as an enticement to bet on the underdog for a better payout.
The teaser – Lets you adjust the points spread which gives the bettor a lower advantage but still pays if it wins. Both Teaser risks and rewards are lower.
Push – If neither team in a game can cover the spread, the result is a “tie/draw” or push then all bets are returned.
The total bet – Is a bet that shows the sum of the winning goals for the game. If the bettor has an under and the amount is less than the line, then the under wins. If the sum is higher than the over gains.
Legal betting platforms
- FanDuel sportsbook app
- DraftKings Sportsbook app
- BetMGM sportsbook app
- Caesars sportsbook app
- PointsBet sportsbook app
- BetRivers sportsbook app
- Betway sportsbook app
- Unibet sportsbook app
- Tipico sportsbook app
- Borgata Sports app
- Barstool sportsbook app
- Hard Rock sportsbook app
- Fubo sportsbook app
- Fox Bet sportsbook app
- Betfred sportsbook app
Conclusion
Stick to sports you know and do your homework if you want to have a chance at winning. Choose your information wisely and know the different betting terminology or you could make costly mistakes. With the right probability skills at hand, you will come up with a betting combination that will help you win.
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