Sports betting can be complicated and confusing, especially for those just starting out in the world of sports forecasting. Next, we present the most common terms in sports betting that every good tipster should know:
- Bet: A bet is the amount of money that is wagered on a sporting event.
- Odds: Also known as “odds,” these are the probabilities that a particular sporting event will occur.
- Straight Bet: A straight bet is a bet in which the outcome of a sporting event is predicted.
- Combination Bet – A combination bet is a bet where multiple bets are placed on a single ticket.
- Handicap – A handicap is a way to even the odds of a sporting event, especially in sports where there is a clear favourite.
- Moneyline: Also known as “money line”, it is a form of betting in which you predict which team will win the game.
- Over/Under – An over/under bet refers to the total number of points that will be scored in a match, and you bet on whether the number will be more or less than the set line.
- Spread – The spread is a way to even out the odds of a sporting event and is used primarily in sports such as American football.
- Asian Handicap – The Asian Handicap is a way to even the odds of a sporting event, especially in sports where there is a clear favourite.
- In-play: Also known as “in-play betting”, it refers to bets that are placed during a sporting event.
- Line: Also known as “odds,” it is the probability that a particular sporting event will occur.
- Parlay – A parlay is a combination bet where multiple selections are wagered on a single ticket.
- Stake: The stake is the amount of money that is bet on a sporting event.
- Pick: A pick is a selection of sports bets.
- Return on Investment: Also known as “ROI”, it is the amount of money earned in relation to the amount of money wagered.
- Unit: The unit is the amount of money that is bet on a selection.
- Bankroll: Also known as “capital”, it is the total amount of money that a tipster has to bet.
- Cash-out – Cash-out is a feature that allows punters to close out a bet before the end of the sporting event in order to secure a win or minimize a loss.
- Odds Inflation – Odds inflation occurs when the bookmaker offers higher odds than they actually should be in order to entice punters to place a bet.
- European Handicap: The European handicap is a form of handicap in which whole points are awarded instead of fractional ones.
- Margin – Also known as “profit margin”, this is the amount of money that the bookmaker expects to win on a sporting event.
- Value – Value is the measure of how much the odds are worth relative to the actual odds of a sporting event occurring.
- Yield: The yield is the amount of money that is won in relation to the amount of money bet in the long run. It is an indicator of the profitability of the tipster.
Knowing these terms is critical to becoming a successful sports tipster. As you become more familiar with these terms, you will be better equipped to make accurate and informed sports forecasts.
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