Gambling Terms

Vegas Odds is not associated with any professional or collegiate sports affiliations, bodies or teams and all information contained on this site is strictly for entertainment purposes only. We take responsible gambling very seriously and never encourage those underage to participate. In most cases, the favorite will be the team with a negative moneyline . A line of -160 means that you would have to bet $160 to win your base amount of $100.

Straight Up Winner

This means bettors must win more than 50% of the time to break even. In fact, on point spread betting at -110, the breakeven point comes out to 52. 38%. Check out this page for more math behind the vig in sports betting. A rundown of the most common sports betting terms which we hope will help you make successful choices when you place wagers. You can read more about online sports betting in Pennsylvania at US-bookies.

Handicap League Betting

If you are failing to keep a record of your tennis betting, then you’re putting your chances of Dkng Shop Is set You can Gather Like the Sports betting The business Booms being a long term profitable tennis bettor at severe risk. By keeping a detailed record of your tennis betting, you will be able to conduct regular reviews of your overall performance. Which bet types are you most consistently profitable on?

Many top handicappers and persons occupying sensitive positions use this method of betting. Bar Price – Refers to the odds of those runners in a race not quoted with a price during early betting shows. The bar price is the minimum odds for any of those selections not quoted. The strongest in a multiple selection in a parlay or accumulator.

Asian Handicap

This is a glossary to understand basic betting terms and ideas. Chalk – “Chalk” refers to a generally strong favorite in a competition. Someone who bets the chalk is typically betting on the heavy favorite, which usually has a steep price because the favorite could be in the -300 or -500 range (bet $300/$500 to win $100). Top Match Batsman – The winning bet in this market is the batsman with the most runs in a match. Dead Heat – A situation in which there are two or more winners in a betting event. For example, if there are two batsmen with the same number of runs, dead heat rules apply and the bet is worth half the original stake.

In the case you bet X you are wagering on a draw and in the case you bet two you will be supporting the visitor team. There are sports like tennis where you are not able to bet X as there are just two potential outcomes. This is why tipsters describe their best bet as being their NAP of the day. A banker as a term has similar connotations to NAP, in that it is the most confident selection in a collection of bets. As opposed to a NAP which is tightly connected to horse racing, a banker is more closely related to football bets, and one selection within an accumulator bet. Arbitrage betting or ‘arbing’ is a process through which gamblers aim to make a profit by betting on all possible outcomes of an event, at different odds.

In spread or index betting, this is the higher figure quoted by a bookmaker. When a bettor pays an additional fee to receive half a point or more in his favor on a point spread game (also known as “Move the Line”). The difference between true pari-mutuel odds and the lesser, rounded amounts given to winning bettors. The substantial difference goes to the racetracks and controlling state authorities.