sports betting 101 how to bet on horse racing vegasi

Public: A catch-all way to describe which way bettors are leaning with regards to a specific bet, connected to both bet percentage and money (or handle) percentage Prop Bet: Bets on events in games that aren’t related to the side or total, usually referring to player stats (points, rebounds, yards, etc.) Point Spread: A number decided by the sportsbook to predict the amount of points by which the favorite should beat the underdog, created in a way to encourage betting on both sides

Pick ’em: A game that is essentially too evenly matched for a betting spread and neither team is favored Parlay: A single bet that includes wagering on more than one side that has a much higher payout than a single bet but needs to win all legs in order to cash out Over/Under: A total, typically related to overall points scored in a game by both teams, made by the sportsbook to encourage betting on both sides (example: The over/under for the Patriots-Jets game is 42.5 points) Off the Board: When sportsbook doesn’t offer odds or the ability to bet on a certain game, usually because of news that adds uncertainty to event (i.e. Money Percentage (or Handle Percentage): The percentage of money wagered at a specific sportsbook on a given side (example: 37% of the money – or handle – is on the Bills) Moneyline Bet: A straight-up bet on a single team to win a game outright independent of any spread

Limit: The maximum dollar amount a sportsbook will allow for a single bet on a game or proposition Juice: Also known as the vigorish (or vig), it’s the amount of money kept by the sportsbook on every bet, typically associated and represented with a spread bet (example: the Celtics are 6-point favorites with -120 juice means the sportsbook keeps 20% no matter the outcome) Sox Transactions, Trades, and Free Agentsīankroll: The amount of funds a bettor has to wagerīet Percentage: The percentage of actual bets at a specific sportsbook on a given side (example: 78% of the bets are on the Patriots)īookmaker: Person who sets betting odds and takes betsĬhalk: The side of a bet with the most public supportĬover: When a team wins by more points than the betting spread OR when the underdog loses by fewer points than the betting spread (or wins outright)Įdge: When a bettor has an advantage over the houseĮven Money: A bet that has no vigorish (“vig” or “juice”) and has a return that equals the original betįavorite: The team or side expected to winįuture Bet: A wager on some sort of game or event that takes place in the future (example: betting on the World Series winner prior to the MLB season).

Sports betting 101 how to bet on horse racing vegasi