Sports Betting Q&A
Frequently asked questions about sports betting
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What are some common sport betting slang words / jargon?

If you've never bet before, there are likely a lot of words and phrases you've never heard before and even if you have bet before, you may not know the meaning of every saying.

Action – Any wager or having a bet on a game.
Bonus – Funds often acquired through various promotions given by a sportsbook.
Book (sportsbook) – The establishment that accepts wagers (bets) on the outcome of sports events.
Chalk – Favorite
Cover – When the favorite wins by more than the required number of points or when the underdog loses by less than the required number of points (or wins outright).
Dog – Underdog
Futures – Wagers placed in advance on the outcome of an event. For example, a bet on a team to win a championship.
Handicapper – A person who studies and wagers on sporting events.
Handle – Total amount of wagers taken
Hold – The percentage amount the sportsbook makes.
Hedging – Betting the opposite team or side of your original wager in order to either try to middle the game, or to reduce the downside exposure of the original wager.
Hook – A half point
Juice – A commission which is built into the line offerings, also known as "vig" or "vigorish."
Laying Points – To bet the favorite by giving up points.
Laying the Price – To bet the favorite by laying moneyline odds.
Limit – The maximum wager accepted by the sportsbook on a particular line offering.
Line – The current odds or point spread offered on a particular game.
Linesmaker (Oddsmaker) – A person who subjectively establishes the probability of one team defeating another and by how many points. A person who creates the line or point spread.
Long shot – A team that is unlikely to win.
Moneyline bet – A bet on the straight-up winner of a game, underdog or favorite.
Off the board – A game in which the sportsbook is not accepting any wagers.
Overlay – The odds of a particular wagering proposition are higher than they should be. Over/Under (total) bet – A type of wager that applies to the score/points in a given contest.
Parlay – When you combine straight bets to increase payout. All selections must win for the bet to win.
Pick 'em – Neither team is favored, meaning the game is considered a toss-up for betting purposes.
Price – Line or odds
Prop bet – A wager on a specific event happening or not happening in a game. Eg: Will Player X record a touchdown? Yes +130 / No -150
Rollover – The required amount of real money wagers a player has to accumulate after they have accepted a bonus from a sportsbook in order to qualify for a withdrawal.
Round-Robin – A method of parlaying two or more teams in all possible team parlay combinations. For example, a three-team round robin of ABC can produce three separate two-team parlays: AB, AC and BC. 
Spread bet – A bet on the forecasted point differential between two teams. A minus (-) indicates the favorite and a plus (+) is the underdog.
Teaser – When you alter the spreads or totals in a parlay for a better chance of winning your combined bet.
 

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More Questions To Read
Can you bet on sports with Venmo?
No, not legally. Most legal sportsbooks around the country won't allow you to make bets with Venmo.
Which states in US have legal sports betting?
As of 2020, there are 21 states (and Washington D.C.) that have legalized sports betting.
Can you bet on sports online?
Yes. But while betting on sports is legal in almost half the states in the country, not all of them allow online wagering.
When was sports betting legalized?
Sports betting was allowed to be legalized at a state level in 2018 after PASPA was struck down.
When will sports betting be legal in Indiana?
Sports betting in Indiana was legalized September 2019 and online gambling launched a few months later.
Is sports betting legal in Indiana?
Yes. Indiana passed a bill to allow sports betting in 2019 and wagering started in October with online betting opening a couple months later.
When will sports betting be legal in Michigan?
Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened March 2020.
Is sports betting legal in Michigan?
Yes. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened in March 2020.
Is sports betting legal in Virginia?
Yes. Sports betting is legal in Virginia and residents began betting via FanDuel in January 2021.
When will sports betting be legal in Virginia?
Sports betting is legal in Virginia and residents began betting via FanDuel in January 2021.
When will sports betting be legal in South Dakota?
Sports betting is not legal in South Dakota, but residents passed a ballot initiative in the November 2020 election, which means it's on its way.
Is sports betting legal in South Dakota?
No. Sports betting is not legal in South Dakota, but residents passed a bill initiative in the 2020 election.
Is sports betting legal in North Carolina?
Yes. Sports betting is legal in North Carolina, but it's only available at two casinos, which weren't open as of early 2021.
When will sports betting be legal in North Carolina?
Sports betting is legal in North Carolina, but it's only available at two casinos, which weren't open as of early 2021.
When will sports betting be legal in Tennessee?
Yes. Tennessee sports betting was legalized in 2019 and launched in 2020.
Is sports betting legal in Tennessee?
Yes. Tennessee sports betting was legalized in 2019 and launched in 2020.
Is sports betting legal in Maryland?
No. Sports betting is not legal in Maryland, but residents voted Yes to legalize sports gambling in the November 2020 election.
When will sports betting be legal in Maryland?
No. Sports betting is not legal in Maryland, but residents voted Yes to legalize sports gambling in the November 2020 election.
Is sports betting legal in Louisiana?
No. Sports betting is illegal in Louisiana despite numerous attempts throughout the last couple years.
When will sports betting be legal in Louisiana?
Sports betting is illegal in Louisiana despite numerous attempts to legalize it the last couple years.
When will sports betting be legal in Iowa?
Iowa legalized sports betting in May 2019, becoming the 11th state to do so.
Is sports betting legal in Iowa?
Yes. Iowa legalized sports betting in 2019, becoming the 11th state to pass a bill.
When will sports betting be legal in Illinois?
Illinois passed sports betting legislature June 2019 and launched at physical sportsbooks March 2020, becoming the 15th state to offer wagering.
Is sports betting legal in Illinois?
Yes. Illinois passed sports betting legislature in 2019 and launched at physical sportsbooks in March 2020.
When will sports betting be legal in Colorado?
Colorado legalized in-person and mobile sports betting November 2019 after a bill was signed by the governor and then approved by voters.