Free Sports Arbitrage Guide and Advice - SportsBettingWorm.com
Arbitrage BettingArbitrage CalculationsArbitrage GuideArbitrage AdviceArbitrage SoftwareOnline BookmakersBetting Guide & Advice
Sports Arbitrage (Homepage)Betting Advice & GuideBetting Guide

Betting Guide

If you are new to betting, or just looking to find an explanation of an unknown phrase, this betting guide will help you with a list of common sports betting terms and definitions.

A | B | C | D | E | F | G | H | J | L | M | N | O | P | R | S | T | U | V | W

A
Accumulator
A bet on a series of events with winnings restaked
Action
A bet that is considered to be valid
Against the Spread (ATS)
To take points rather than bet with the spread and lay points
Ante-post Bet
A wager on a big sports event that is usually offered before the day of the event. It offers better odds but you risk stake if your pick pulls out
Arbitrage Betting
Betting where a fluctuation of odds allows you to wager on both sides and achieve profit
Back to Top
B
Beard
A person who places bets for a bettor who wants to conceal his identity
Bettor (UK Punter)
A person who bets
Book
A record of accepted bets
Bookmakers (Bookies, Sportsbooks)
People or companies who accepts bets on sports or other events
Bottle
UK betting term for odds of 2 to 1
Buck (Dollar Bet)
Sports betting term for a bet of $100
Buy Points
In spread betting you pay additional price to receive half a point or more in your favour
Back to Top
C
Canadian Line
A combination of point spread and moneyline
Carpet
UK slang term for odds of 3 to 1
Circled Game
A betting term for an event with reduced betting action due to injuries, bad weather and added games
Co-favourites
An event when more competitors have the title as favourite (have the lowest odds)
Cover
To win the point spread bet
Back to Top
D
Dime
US betting term for a $1000 bet
Double Action
A bet consisting of two parts, both must win in order for the wager to be successful
Double Bet (Doubling Up)
A wager for double size of someone's previous wager. Also known as a Martingale system
Double Carpet
UK betting term for odds of 33 to 1
E
Each-way
A two part wager. The first part is for the pick to win and the second is for the pick to place
Edge
Advantage
Even
A bet with odds of 1 to 1
Exotic Wager
Any bet other than a straight bet
Back to Top
F
Favorite
A competitor expected to win
Fifty Cents
A betting term for a $50 wager
Futures
Odds offered on the winners of various sports events in advance of the event
G
Giving the Points (Laying the Points)
Betting on the favorite in the point spread betting
H
Handicap (Pointspread)
A method used by bookies to make one-sided event more attractive. Teams are awarded a number of points at start depending on their superiority
Handicapping
In sports betting this is predicting the outcome of an sporting event
Hook
A half point added to football or basketball betting lines through buying points
Back to Top
J
Juice (Vigorish, Vig, Margin)
The bookmaker's commission
L
Limit
The maximum bet for an event the sportsbook will allow before he changes the odds
Line
Current betting odds or point spread on a particular event
Longshot
A team that is unlikely to win
M
Margin (Return Rate, Juice)
An amount the bookmaker earns by offering bets for an event
Moneyline
Odds expressed in terms of money. The minus sign (-) indicates the favorite and the amount you have to bet to win 100. The plus sign (+) indicates the underdog and the amount you win for every 100 bet
Back to Top
N
Nickel
US betting term for a $500 bet
No Action (Push)
A term when a bet is cancelled because the event didn't happen and all money is returned to the bettor
O
Odds
The likelihood of the betting outcome expressed as a fraction
Odds-against
A bet where the odds are greater than evens (for example "7 to 1")
Odds-on
A bet where the odds are less than evens (for example "3 to 7")
Off the Board
An event on which the bookmaker will not accept bets
Back to Top
P
Parlay
A bet on two or more teams in which all teams must win or cover for the bettor to win
Pointspread
A start advantage that the favorite gives to the underdog. Also known as "handicap"
Proposition Bet
A wager on particular aspect of the sports event, politics, celebrities and other topics
R
Round Robin
A series of three or more teams in two-team parlays
Run Line
A line used when betting on baseball
S
Single
A straight bet on one team to win one event
Spread Betting
A bet that is predicting score difference between two opponents
Steam
Betting term that describes when a line starts to move rapidly because a lot of bettors decide to bet on it
System
A mathematical method of betting used by a bettor to gain advantage
Back to Top
T
Taking the Points
Betting on the underdog in the point spread betting
Taking the Price
Betting on the underdog in the moneyline
Teaser
A bet where you can adjust the point spread or total but for reduced odds
Totals Bet
A bet on the total score of both teams that will be over or under posted line
U
Underdog (Dog, Longshot)
A team that is expected to lose the event
V
Value
Getting the best possible odds on a bet
W
Wager (Bet)
To risk money on the outcome of an event
Wise Guy
A well-informed and knowledgeable bettor or handicapper
Back to Top

NavigationArbitrage BettingArbitrage CalculationsArbitrage GuideArbitrage AdviceArbitrage SoftwareOnline BookmakersBetting AdviceBetting GuideBetting OddsTypes of BetsBetting SystemsSpread Betting

Popular Content

Online Bookmakers

Sports Arbitrage Software

Recommended Websites

Online Betting Guide - Premier League odds, tips and betting previews, horse racing details and results

RebelBetting - excellent arbitrage betting software that makes arbing simple even for complete beginners

Pinnacle Sports - best odds, highest limits; perfect bookie for arbitrage traders

Bet365 - bookmaker with the best signup bonus and extensive sports coverage

News

New content!

How much start capital I need for arbitrage betting?

About Us | Contact Us | Terms of Use | Privacy Policy | Links | GamCare
Copyright © 2017 SportsBettingWorm.com, All Rights Reserved