A favorite must win by a number higher than the point spread to cover the spread. Point spread - Margin of victory set by oddsmakers to attract bets action on both the favorite and the underdog. Pick'em - A game with no favorite or underdog. If any of the games lose, the entire wager loses. In order for the parlay to win, each game must win or push (tie). The more games, the higher the risk but the greater the payout. Parlay - A bet that combines multiple games for a higher payout. Over - The combined score of two teams is more than what the sportsbook set. Off the Board - A game bettors can’t wager on. Oddsmaker (Linemaker) - Someone who sets the opening line on a game. No Action - A game that is no longer taking bets and all wagers are refunded. Moneyline bet - A bet made if a team will win or lose outright with no point spread. Limit - The maximum allowed wager on a single bet. Juice - A commission books win on each bet. In-game wagers - Bets made after a game started. Hedging - Betting opposite of a previous bet to guarantee winning at least a small amount of money. Handicapping - Researching sports statistics to pick winners. Handle - The total amount of money wagered on a game. An underdog can cover by losing by a number less than the spread or by winning the game outright.Įdge - The advantage a bettor has before a bet is placed.Įven (Even Money) - A $100 bet to win $100.įuture bets - A bet on events that will happen further in the future like who will win a division or who will win a championship well in advance.

For a favorite to cover, it must win by a number higher than the spread. Some bettors will bet against the 'public money' (whichever team more bettors have placed their bets on).Ĭover - The betting outcome on a point spread bet.

Against the spread - The result of a game including the point spread.īad Beat - A bet that looks like the bettor is going to win but doesn't.īook (Sportsbook) - An place where someone can bet on the outcome of sporting events.Ĭonsensus - Percentage of the betting public on each side of a game.

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