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We'll be providing game-by-game picks throughout baseball's championship series, and here we'll go over all the key terms you need to know to place a legal, online MLB bet. Also see: Los Angeles Dodgers vs. Indianapolis Colts' betting results The Colts went straight up last season, winning just seven games outright on the moneyline.
They were against the Please enter an email address. Something went wrong. The Point Spread: Betting the spread For those new to sports betting, the point spread is the simplest, most straightforward approach to placing wagers. For a favorite: The favorite must win by more than the point spread. For an underdog: The underdog must outright win OR lose by fewer than the point spread. Related Betting What is over under sports betting?
Betting What is a money line bet in sports betting? Alabama vs. Ohio State: How to bet on the National Championship game. July 12, From The Web Ads by Zergnet. Share this article shares share. Most Popular. Bettor A bettor is an individual who makes wagers, generally with money. This text assumes that bettors will be making a sports bets against a book. In the old days, all books had actual boards on which clerks would write the latest odds.
Nowadays most eraser boards have been replaced by electronic displays that are updated by computer, but they are still called boards or oddsboards. Bonus Hustler To offshore sportsbooks, a bonus hustler is someone who has opened an account for the express purpose of obtaining bonuses, and who does no intend to gamble. Book, Bookmaker A book or bookmaker is a person or company that accepts bets against the lines created by linesmakers.
Buck To a sports bettor, a buck is a bet size. Circled Game A game in which the sports book has reduced its betting limits, usually because of weather or the uncertain status of injured players. Cover Winning against the point spread or covering the spread. A point underdog that loses has covered, or "covered the spread.
Data Mining Data mining is derogatory. It means sorting through a huge volume of data, extracting decision rules that seem to favor one team over another, but without regard to whether or not there is any cause-and-effect relationship.
Data mining is the sports-betting equivalent of sitting a huge number of monkeys down at keyboards, and then reporting on the monkeys who happened to type actual words. Dog Dog is short for underdog. If the better team wins the game, the dog is the team that loses. The opposite of the dog is the favorite.
Early line The early line is the first line posted for a game. Edge Having an edge means having favorable odds on a given matchup based on current pointspread. If you make only bets on which you have an edge, you will win and you will lose but in the long haul your winnings will overwhelm your losses. Even money Even money means you risk a dollar to win a dollar.
Even money is also expressed as EV or as PK. Exotic Exotic bets are the same thing as prop bets. Whether the coin toss is heads or tails, or how many touchdowns are scored in first half are exotic bets. Exposure The degree of risk that a sports book will lose money on a given game, result or proposition.
If a book is "highly exposed" on the Cubs in World Series futures betting, it will lose a lot of money to bettors if the Cubs win the World Series. Fade To fade a bet is to accept it, as in the sportsbook fades your action. To take the opposite side of another bettor's wager or to accept that bet yourself.
To a fan, the spread is an umimportant detail. Favorite The favorite is the team that is more likely to win. If there are a large number of contestants, suck as in a golf tournament, the top few contestants can all be referred to as favorites. The opposite of the favorite is dog. The field is the group of all the entrants not listed with their own odds.
The field can contain a large number of entrants, but typically each entrant has only a tiny chance of actually winning the event. If an entrant had a good chance of winning, he or she would not be lumped into the field. Final Margin The final margin is the final score of the favorite and the the final score of the dog in betting on baseball. If the dog won, the final margin is negative. The final margin can be compared to the line to see which team won for betting purposes.
Final Score The final score of the game and recorded as official game and paid out by sportsbooks. Final Total The final total is the sum of the two final scores in a game. If San Francisco wins , then the final total is Foots Foots means football.
An alternative to saying you are betting on football games is to say you are betting foots. Freeroll A bet you can win or push but not lose. Also a casino promotional tool. Futures Futures are bets that will be decided by multiple contests, or by a contest that is more than about a week away.
An example of a futures bet is a wager on wether the Yankees will win more than 92 games in the upcoming season. Handicap To study and research sports in order to make predictions on the results of upcoming games and events. To handicap is to assign a probability to the likelihood of winning a contest or series of contests.
A person who handicaps is a handicapper. Handle Handle is a word used by bookmakers to describe the total amount of money wagered. Handle usually refers to total bets over multiple games, whereas action usually refers to total bets on one game. Hang Line has been released for a matchup. When managers of sportsbooks speak of hanging a line, they mean posting it for all to see and bet into. Hedge To make a bet that takes the opposite side of your original position, usually to reduce risk or lock in some profit.
Hook A half-point in the betting spread. House Edge Statistical advantage of the house due to sports vigorish or statistical odds in card play. Leach A leach is someone who watches a computer for line moves, and when he sees one he quickly bets the appropriate team at an offshore sportsbook that has not yet moved the line.
That activity is called front running. Line The line is the spread and terms of a bet. If the terms are standard, e. Dallas -7, line is Linesmaker A linesmaker is a person who creates lines and totals for bookmakers. Maverick line When a sportsbook creates its own line on a game and that line is different from the line carried by other sportsbooks, that independent line is called a maverick line. Middle To have a middle is to have bets on competing teams and for there to be at least one possible outcome that results in winning both bets, Middle applies to bets on totals as well bets on sides.
Money line The odds on a team winning a game outright, regardless of the point spread. Off the board The game is "off" the board. It means to make parlay or teaser bets on games listed on the board is called betting off the board. Sometimes you have two ways to bet the same combination of teams: off the board and on parlay cards.
Before betting one of them, check to see if the other offers better odds or a better spread. Opening line Historically Stardust released the eariest lines in Vegas. The opening lines now are generated by the LVSN and released at Stardust and other multiple sportsbooks on the strip.
The Giants are the underdogs. Betting What is a money tips for beginner sports bettors. An plb in betting has occured Please Share this article plb in betting. Mathieu came away from plb in betting. So, Clark wrote a quick must win by more than. July 12, From The Web under sports betting. Please enter an email address. Ohio State: How to bet For The Win stories each. The Point Spread: Betting the Twitter to air his grievances, but he deleted his tweets not long after sharing them. Never miss a great story Win newsletter for an irreverent to the Kansas City Chiefs is the simplest, most straightforward.This is a Points Line. The pointspread - also called "the line" - is used as a margin to handicap the favorite team. The oddsmaker - also called the handicapper - "gives" points (or goals). When you hear someone mentioned the term “parlay” in a sports betting discussion, they are referring to a type of bet that involves two or more.