A
The total amount of money wagered on a specific game or event.
Refers to taking or laying points (aka the spread) as opposed to taking a game straight up.
B
The total amount of money a bettor has available for placing bets.
An individual or organization that sets and offers betting odds and accepts bets from bettors.
C
When a team wins a game by a margin that exceeds the point spread, or when a bet is successful.
D
A way of expressing odds in decimal format, representing the total payout including the original stake.
The team or player not expected to win, usually indicated by positive odds.
A tied result in certain sports, like soccer, which results in a push for some types of bets.
E
A bet with odds of -100, where the potential winnings are equal to the original bet.
F
The team or player expected to win a game or event, usually indicated by negative odds.
A long-term bet on an event or outcome that will be determined in the future, such as betting on the winner of a league or championship.
H
The advantage or disadvantage given to a team or player to even the odds and create a balanced betting market.
Placing additional bets on the opposite side of an original bet to reduce potential losses or guarantee a profit.
Half a point added to point spreads to avoid pushes.
L
When a bookmaker places a bet with another bookmaker to reduce their risk on a heavily bet event.
Another term for the point spread or odds for a particular game.
Placing bets on a game or event while it is in progress, with odds and options continuously updated.
M
A type of bet where you bet on the outright winner of a game or event without considering the point spread.
The odds presented for a moneyline bet, indicating the amount needed to bet to win $100 or the amount won on a $100 bet.
O
The numerical representation of the likelihood of an event happening or the potential payout for a winning bet.
A bet on whether the total combined score of both teams or players in a game will be over or under a specified number set by oddsmakers.
P
A bet that combines two or more individual bets into one wager. All bets within the parlay must win for the bet to be successful.
The margin of points by which a favored team is expected to win or lose. Bettors can bet on the team to cover the spread or the underdog to stay within the spread.
A bet on a specific event or individual performance within a game, not directly related to the game's outcome.
A tie or a draw between the bettor and the sportsbook, resulting in all bets being refunded.
R
A type of parlay bet that allows bettors to create multiple smaller parlays from a larger selection of teams or events.
S
A professional bettor who is skilled at handicapping and often places large bets.
Another term for point spread betting, where bettors wager on the margin of victory or defeat for a favored team.
T
A type of parlay bet where the bettor can adjust the point spread or totals in their favor, but with reduced payouts.
A term for a betting slip or receipt that shows the details of a bet.
Another term for the Over/Under bet, which is a wager on the total combined score of both teams or players in a game.
U
The team or player not expected to win, usually indicated by positive odds.
A standardized bet size used to manage bankroll and measure betting performance.
V
The commission or fee charged by the sportsbook for placing bets. Often represented by the -110 odds.
