Your newest hobby is sports betting. And you’ve already won a few bets and made some money.
You’re fired up and ready to pick a few more contenders and make more money to fund your vacation to the Bahamas in 2022. But there are so many sports betting terms. Where do you even begin to get started?
In this article, we’ll break down some important terms you should be familiar with before calling a bookie or placing a bet online.
Betting Against the Spread
A spread is the betting line or point difference between two teams in a game. A bet against the spread is a wager made on the difference between the two teams’ scores.
For example, if the betting line is 6 and you bet on the favorite, the favorite must win by more than 6 points to win the bet. If the favorite wins by exactly 6 points, it is a push, and your bet is refunded.
Betting the Money Line
Sports betting terms can be confusing, but before joining FIFA world cup live betting, there are a few key terms you should know.
When you bet the money line, you’re betting on which team will win the game. Moneyline odds will usually be expressed as either a positive or negative number. A positive number signifies how much money you could win if you bet $100, while a negative number signifies how much money you would need to bet to win $100.
For example, let’s say the New York Yankees are playing the Boston Red Sox, and the money line is -125. This means that you would need to bet $125 on the Yankees to win $100. On the other hand, if you bet $100 on the Red Sox, you would win $125 if they won the game.
Betting the Total
The total is the combined score of both teams in a game. You can bet on whether the total will be over or under a certain amount. The most common totals are 42.5 in football, 180 in basketball, and 5.5 in baseball.
If you think the teams will combine for more than the total, you will bet the over. If you think they will combine for less, you will bet the under.
Parlays
Parlays are one of the most popular types of sports bets. A parlay bet is a bet that combines two or more individual wagers into one bet.
For example, a three-team parlay bet would be one where you bet on three different teams to win. If all three teams won, you would win all three of your individual bets, plus a profit from the parlay.
Teasers
A teaser is a bet that alters the spread in the gambler’s favor by a predetermined margin.
A teaser bet requires the gambler to select two or more outcomes on a single bet and combines them into one bet. For the bet to be successful, all outcomes chosen must be correct.
The most common teaser margins are 6 and 10 points. This means that if you are betting on a team to win by 7 points, with a 6-point teaser, the team only needs to win by 1 point. With a 10-point teaser, the team would need to win by 11 points.
Be Familiarized With These Sports Betting Terms
If you’re interested in getting into sports betting, there are a few key sports betting terms you should know. Things like money line, spread, and parlay can make a big difference in your winnings. With a little research, you can be a sport betting expert in no time.
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