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.
Combining multiple bets.
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.
The amount a person uses for betting.
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.
A licensed person responsible for creating betting lines and taking bets on sporting events.
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.
A competitor (athlete, horse, or team) favored to win.
Winning the bet after covering the point spread by a certain number of points.
The amount charged by a bookmaker for placing a bet.
- Decimal Odds
Odds (aka European Odds) shown in a decimal format.
Short term for underdog.
A situation when a game ends with no loser or a winner.
Bettor’s advantage over the bookmaker in sports betting.
Betting on the opposite side.
Money owned by a bookmaker.
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.
Placing a bet when the game is currently played.
Commission earned by the bookmaker.
- Key Numbers
The most common margins of wins or losses.
The amount placed by one bookmaker with another bookie for reduced liability.
Another word used for odds.
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.
Winning bet return.
A game having no underdog.
- Real-Time Odds
Live betting lines that update automatically when bookmaker adjusts the numbers.
A person who bets in place of another individual.
Another word used for a bookmaker.
Total points, goals, or runs scored by both teams during a specific game.
Competitors with the possibility to lose.
Another term for a bet.
Determining the difference between one data point and an average point.