Sports Betting has become increasingly popular in recent years, with millions of people placing bets on their favorite teams and athletes every day. However, for those new to the world of sports betting, the terminology can be overwhelming. From “action” to “vigorish,” there are countless terms and phrases that may leave beginners scratching their heads. In this article, we will break down some of the most common sports betting terminology to help you better understand the world of sports betting.
Action: In sports betting, the term “action” refers to any bets that are currently active or in play. When you place a bet on a game, you are said to have “action” on that game.
Bookie: A bookie, short for bookmaker, is a person or organization that takes bets on sporting events and pays out winnings to bettors. Bookies set odds for games and events and collect bets from bettors.
Favorites: The favorite in a sporting event is the team or player that is expected to win. The favorite is typically indicated by a negative number next to their name in betting odds.
Underdogs: The underdog in a sporting event is the team or player that is not expected to win. The underdog is typically indicated by a positive number next to their name in betting odds.
Point Spread: The point spread is a way of handicapping a game in order to make the outcome more even. In a point spread bet, the favorite must win by a certain number of points for the bet to be a winner.
Over/Under: The over/under, also known as the total, is a bet on the total number of points scored in a game by both teams combined. Bettors can wager on whether the actual total will be over or under the number set by the bookie.
Parlay: A parlay is a bet that combines two or more individual bets into a single wager. In order to win a parlay bet, all of the individual bets must be successful.
Juice: Juice, also known as vigorish or vig, is the commission that a bookie charges on bets. Juice is typically included in the odds and is how bookies make a profit.
These are just a few of the many terms and phrases you may encounter in the world of sports betting. By familiarizing yourself with these common terms, you can better understand how betting works and make more informed decisions when placing bets. Remember, sports betting should be fun and entertaining, so bet responsibly and enjoy the excitement of the game.