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
What are some current trends in sports betting?
Betting trends usually refer to what the public is doing. You have two choices, to follow the public or fade the public.
Who benefits from sports betting?
Sports betting not only benefits each state, but it also gives fans another way to enjoy games.
What is a sports betting model?
A sports betting model is a system that can identify unbiased picks to determine the probability for all outcomes in a certain game.
What is a sports betting exchange?
A sports betting exchange allows bettors to bet against each other instead of through a bookmaker.
What are some tips for managing your bankroll when betting on sports?
The most important tip when betting on sports is to limit each bet to be between one and five percent of your bankroll.
Can sports betting be a career?
Yes. Sports betting can be a career if you make it your full-time job and put in the hours.
Can sports betting make you rich?
Sports betting is unlikely to make you rich unless you turn it into a full-time job and become one of the best bettors in the world.
Is sports betting a waste of money?
Sports betting is not a waste of money if you define your goals before making your first wager.
Can sports betting be profitable?
Sports betting can be profitable, but the majority of bettors lose money, which is why sportsbooks exist.
What some simple tips for betting on sports?
A simple tip for betting on sports is to remember that only a small percentage of bettors are profitable in the long run.
What are some good sports betting tips for beginners?
A tip for beginners may be that turning a profit in sports betting is difficult and because you "know sports" doesn't mean you'll be successful.
How do you win at sports betting?
To win at sports betting, one has to put time into studying and researching various aspects of a matchup.
Why should sports betting be legal?
Sports betting should be legal because not only is it another way for fans to enjoy action, but it's also a boost to the economy.
Is sports betting rigged?
Sports betting is not rigged, but it is against your favor because of the vig.
What is the tax rate on sports betting winnings?
When PASPA was overturned in 2018, states began legalizing sports betting and introducing different taxes on revenue.
How do sports betting payouts work?
Sports betting payouts depend on which type of odds are being used.
What is a bookie in sports betting?
A bookie is someone who facilitates gambling by setting odds, accepting and placing bets, and then paying out the winnings.
What are some popular sports betting books?
BetMGM, DraftKings, FanDuel and PointsBet are some of the more popular sportsbooks where sports betting is legal.
Which sports betting site is best?
BetMGM, DraftKings, FanDuel and PointsBet are some of the more popular online sportsbooks where betting is legal.
What is a hedge in sports betting?
A hedge is a method to reduce risk and secure winnings for a specified bet.
What is the spread in sports betting?
The spread, also referred to as the line, is used to even the odds between two unevenly matched teams.
How do sports betting spreads work?
Sports betting spreads, also referred to as lines, are used to even the odds between two unevenly matched teams.
What does hook mean in sports betting?
The hook means a half-point in sports betting.
What is arbitrage in sports betting?
Arbitrage in sports betting is when someone places bets on all possible outcomes of an event at odds that guarantee profit.
Can you arbitrage sports betting?
Arbitrage sports betting is legal, though it's frowned upon by bookmakers.