A Simple Guide To Sports Betting
Sports Betting Terms
The world of sports betting has always been at least semi-complicated for the average onlooker that may want to try to participate in the profitable past-time, but recent developments and additions has helped make the “sport” even more confusing for newcomers. While some of the terms are self-evident and/or easily deduced, a large portion of them require specialised knowledge in order to comprehend them, which usually only comes with either experience or an especially inquisitive mind.
Most all wagers begin with a bookkeeper or ‘bookie’- these individuals are the ones who take the bets. In sports betting, books are the establishments that hire the bookies, and it is in these locations that action occurs (or, a bet or wager of any kind). They will most likely assume that the individual is already acquainted with sports betting terms, so it’s best to be forewarned about the numerous betting terms that exist. A buck is typically a one hundred dollar bet, and those are generally placed on either a cover (a pointspread win) or a flat win-choice. These bets are either placed on the dog (the team not very likely to win) or the favourite (the team expected to win).
Some betting tips are quite dependant on not only knowing the sports betting terms, but also knowing how they relate. For example, unless the client knows about both odds and points, s/he most likely will not understand the concept of the limit (this is the maximum allowed of wager allowed to be placed before the bookkeeper changes the odds/points). The amounts are generally decided by a linemaker, though that line can be altered (called moving the line) via additional fees by the better. When the lines are edited, there is usually no push. In sports betting terms, a push happens when there is no winner or loser in relation to payout.
If you are unfamiliar with online sports betting and/or actual book establishments, you may wish to stick with “straight ups”, that is just betting on which team will win, until you learn the rest of the terminology, and then later on incorporate them into your commonly-used repertoire. Try to find a bookie that has a low vigorish (also known as juice, or the commission placed on a losing bet) so that losses are minimised during your learning period.
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