Glossary of common sports betting terms: Parlay, versus spread, plus teaser explained
Online sports betting is extremely popular, so now is a great time to learn the most popular sports betting terms so you can have fun. Professional baseball is the only major professional sport going right now, but soon football, basketball and hockey will restart and fill the sports betting calendar with more fun events to bet on. It’s understandable that learning the most widely used sports betting lingo can seem daunting, but it’s actually a lot easier than you might think. Below we have a short guide to help you learn frequently used sports betting terminology that will prepare you to place your first bet. Before you know it, you’ll be a pro at knowing which betting styles go best with which sports.
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Sports Betting Guide, Glossary, Terms
Before you play, make sure you know the common betting conditions you will see. There are dozens of ways to bet on sportsand this handy guide to sports betting can help you understand what some of the most popular sports betting terminology means.
Against the spread: The most common form of sports betting, the spread is designed to level the playing field in a match between two teams that may not be equal. If Chicago is listed as the -7 favorite against Arizona, that means Chicago must win by eight runs or more for anyone betting on it to cash in. If Chicago wins by exactly seven, the bet results in a push and you get your money back. If Arizona were to lose by six runs or less, any bets on Chicago would result in a loss and bets on Arizona would result in a win.
Talk: Parlays include the placing of several bets at the same time, which means that you can include several sporting events in the same bet. If you bet on four different baseball teams to win today, all four must win their games for the bet to win. It’s a risky way to bet, but it pays off big if the bet wins.
Tease: This method pays lower odds than a bet, but is still popular as handicappers still find it profitable. If you don’t like a particular spread or spreads, a teaser allows you to buy a certain number of points back and forth to increase the likelihood of you hitting your bet. Let’s say you think two seven-point favorites will win their games, but you’re not sure they can cover the touchdown spread. Using a six-point teaser would reduce each team to a -1 favorite, meaning they would only have to win by two points. It reduces the payout but deployed correctly it can be a profitable strategy.
Downright: If you are looking to place a simple bet to start, an outright bet is perfect for you. With this style of betting, you choose which athlete will win a full sporting event and then place your bet. It’s a popular way to bet on elite golf tournaments and motor racing, both of which are in peak season at this time of year.
Futures contracts: Football is one of the most popular sports to bet on, even in its off-season. You can bet on football even before the start of the season with a futures bet, which can be on anything, whether you think your favorite team will beat a hated rival and the player you think will win the MVP award. You can even bet on which team you think will win their division.
Live betting: A very exciting way to bet on your favorite sports is to bet on them in real time. Sportsbooks will adjust odds for certain outcomes as the game unfolds, so betting is almost like playing with the pros. A live baseball bet can be on a player’s home run in the next inning. In football, it can be if the quarterback throws for a touchdown on the next practice.
On under: It’s an easy way to bet on sports with high totals, so it’s perfect if you want to bet on basketball. Sports betting will predict the final combined points total of the teams and you simply choose whether you think the final total will be over or under the sports betting number.
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