Betting Terminology Explained

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In a perfect world the bookie would have 50 percent of the handle come in on the underdog and 50 percent on the favorite. This ensures that the sports books are guaranteed a profit because of the 10 percent commission or “vigorish” charged on most sports wagers. If one side on a game is being bet more heavily, the bookie must move the number in order to attract interest on the other side in order to balance action. Betting against the spread – In the sports betting industry the acronym ATS is used to label a team’s record when betting against the spread.

What Do Tennis Betting Odds Mean?

Understanding the standard Oregon Lottery Flows Your very own Cube To the Questionable Toss Owner To operate Sports betting football wagering terms is very important for any punter, new or existing. If you don’t know what an ACCA is, how can you place a successful wager? In this article, we will explain to you what the most common football wagering terms mean. We will clarify the meaning of each term in alphabetical order. This is referred to as the juice or vig on a bet and can be anywhere from 5% to 20% or more.

See the glossary entry under “Action” for a full description of all legal actions. Call –To “call” means to match the existing wager on the current betting round. For a full list of the legal actions in poker see the glossary entry under “Action”. Supreme Court struck down a federal ban that had been in place since 1992. The NBA, NHL and MLB each have multiple official sports betting partnerships, while the NFL has begun allowing teams to sign deals with firms on an individual basis.

Top Public Bets

Upon written request, we will provide you with summarized tax information on your wagering activities. has a no-return & no-cancellation policy on credit/debit card transactions. Refunds may be issued only when account holder’s OTB account balance has sufficient funds to cover the requested refund amount. You represent and warrant that you are at least 21 years of age.

Decimal Odds

If you are facing “scared money,” this means that the betting action is outside of your purchasing power. The “scared card” is a perceived advantage that an opponent gains off a single community card in poker. You “re-buy” into a game of poker when you have run out of chips. Sometimes you can only re-buy up to a certain deadline.

The Void Betting Terms

Rewards Points can only be won, and Rewards Points can only be accumulated, via real money play. Rewards Points may take up to 48 hours to be credited to your Rewards Balance after successfully completing a qualifying action. You only need to consider the possibility of a push when betting against the spread or placing a totals bet.

While moneylines, point spreads, and totals generally focus on the short term and specific matches, futures are long-term betting odds. They focus on events that will happen further down the line—in the future. In this case, you’re betting on things like who will win a division or who will win a championship well in advance. Just like in a moneyline bet, this number indicates what the payout will be in the case of a win. For example, the spread and odds for Team B might be (-22.5, -120).

Its top players enjoy a level of fame that is far in excess of female athletes in other fields. While it may lack the glamour of the main tours, the ITF Futures Tour is the bread-and-butter of both the men’s and women’s professional games. There are an incredible 600+ men’s Futures Tour events and also 500+ women’s Futures Tour events played in 77 countries around the world between January and July. Points gained at an event are retained for exactly twelve months, and will then be taken off the player’s points total. The expression “defending a lot of points” comes from a player’s need to do as well in an event as they did twelve months earlier to maintain their position in the world rankings. The most common of these are Set handicaps and Game handicaps.

A bookmaker is the organisation that provides odds on the outcome of events in order to accept bets based on predictions by customers. A forum through which gamblers can bet directly against each other, rather than a bookmaker. Betting exchanges like the Betfair Betting Exchange allow lay bets to be made, as well as win and place bets, meaning that gamblers can bet on selections to lose. In a horse racing betting forecast, certain horses are considered such distant outsiders that their odds are not quoted.

If you “hedge” in sports betting, you are betting on the opposite outcome to minimize potential losses. If you are betting on “half time,” you are betting on a specific event in the second part of a game. The “grid” in sports betting is the field where all bets are displayed. If you bet on the “Grand Salami,” you are betting on all goals scored during a day of hockey play. If you are in a “drawing dead” situation, it means that you cannot possibly draw a card that would help you win. It’s used in poker, but applies to other card games as well.