Sports betting is a bigger term with so many concepts that you must be aware of to increase the winning possibilities.
Here is the compiled list of sports betting terminology that you will most probably encounter while placing a bet on a sports event.
- Accumulator
Combining multiple bets.
- Action
Any bets placed on a specific sports event.
- After Extra Time (AET)
Extra time used to play a soccer game in case of a tie in a match.
- Against The Spread (ATS)
The process of taking points instead of taking a game straight up.
- Alternate Lines
Standard betting line derivatives.
- Bankroll
The amount a person uses for betting.
- Bet
Act of placing money on the result of a sports event.
- Betting Exchange
A term used when a betting site matches backer rather than accepting the stake.
- Bookmaker/Bookie
A licensed person responsible for creating betting lines and taking bets on sporting events.
- Bonus
Reward offered to registered bettors on sign-up and throughout the game. For example, according to Betway review, signing up into this site and making a minimum deposit can reward you with ₹2,500 match bonus on sports.
- Chalk
A competitor (athlete, horse, or team) favored to win.
- Cover
Winning the bet after covering the point spread by a certain number of points.
- Commission
The amount charged by a bookmaker for placing a bet.
- Decimal Odds
Odds (aka European Odds) shown in a decimal format.
- Dog
Short term for underdog.
- Draw
A situation when a game ends with no loser or a winner.
- Edge
Bettor’s advantage over the bookmaker in sports betting.
- Fade
Betting on the opposite side.
- Figure
Money owned by a bookmaker.
- Future
Bets placed on an advanced outcome that takes place after some time in the future.
- Grand Salami
Grand totals of runs or goals scored across a specific game in a day.
- High Roller
Sports bettor with a high stake.
- In-Game
Placing a bet when the game is currently played.
- Juice
Commission earned by the bookmaker.
- Key Numbers
The most common margins of wins or losses.
- Layoff
The amount placed by one bookmaker with another bookie for reduced liability.
- Line
Another word used for odds.
- Mush
Bettor having a bad fortune.
- No Action (NA)
A bet with no lose or win of money.
- Over/Under Betting
Betting for the outcome where total goals or points scored are more or less than line set by a bookie.
- Payout
Winning bet return.
- Pick’em
A game having no underdog.
- Real-Time Odds
Live betting lines that update automatically when bookmaker adjusts the numbers.
- Runner
A person who bets in place of another individual.
- Sportsbook
Another word used for a bookmaker.
- Total
Total points, goals, or runs scored by both teams during a specific game.
- Underdog
Competitors with the possibility to lose.
- Wager
Another term for a bet.
- Z-Score
Determining the difference between one data point and an average point.