Sports Betting Terms Simplified!
- “Spread” – This is the point difference between the two teams in a game, with the team considered to be the underdog getting a certain number of points added to their final score, while the team considered to be the favorite has a certain number of points subtracted from their final score. Think of it like a handicap, where the underdog team gets a head start and the favorite team has to work harder to win.
- “Moneyline” – This is a type of bet where you simply pick the team you think will win the game outright, regardless of the point spread. It’s like picking a winner in a horse race – you’re betting on the team you think will cross the finish line first.
- “Over/Under” – This type of bet is also known as the “total” and it’s all about predicting whether the combined score of the game will be above or below a certain number set by the sportsbook. It’s like a game of guessing how many jellybeans are in the jar, except you’re guessing the total number of points scored in a game.
- “Parlay” – This is when you combine multiple bets into one, with the potential to win a larger payout. It’s like ordering a combo meal at a fast food restaurant – you get a little bit of everything, but it all comes in one package.
- “Prop Bets” – These are bets that are not directly related to the outcome of the game, such as the color of the Gatorade dumped on the winning coach or the length of the national anthem. They’re like side bets or bets on the sidelines, and can add some extra excitement to the game.
- “Juice” – This is the commission that the sportsbook takes on bets. It’s like a service fee for placing a bet, and it’s generally around 10%. So, if you’re placing a $100 bet, the sportsbook is going to take $10 of that as their commission.
- “Futures” – These are bets placed on an event that will happen in the future, such as the winner of the World Series or the Super Bowl. It’s like buying a lottery ticket, but instead of hoping to win millions, you’re hoping your team comes out on top.
- “Live Betting” – This is a type of bet where you can place bets on a game while it’s in progress. It’s like trying to predict the winner of a game of rock-paper-scissors after the players have already chosen.
- “Sharp” – This is a term used to describe professional or experienced bettors. They’re like the poker sharks of the sports betting world, always on the lookout for the best bets and the best odds.
- “Square” – This is the opposite of a sharp and it’s used to describe casual or novice bettors. They’re like the newbies at the poker table, still learning the ropes and not quite sure what they’re doing.
In conclusion, Sports betting terms can be a bit intimidating and confusing, but they don’t have to be. By understanding the basic concepts, such as the spread, moneyline, over/under, parlay, prop bets, juice, futures, live betting, sharp and square, you’ll be well on your way to placing smart and informed bets. Remember, betting on sports is a form of gambling, so always approach it with caution and have fun!