Sports Betting Terms
A sportsbook or a race and sports book is where a gambler can wager on various sports competitions, including golf, football, basketball, baseball, hockey, soccer, horse racing, greyhound racing, boxing, and mixed martial arts. The method of betting varies with the sport and the type of game.
A bankroll is the total amount you can afford to designate towards betting. It's important that you only use a portion of your bankroll, usually 5% to 10% per bet. To makes things easier, we use the unit system, with units being 5% of your total bankroll.
A percentage of your bankroll used for each bet. For our system we use units that are in the amount of 5% of your total bankroll.
The least amount able to be bet.
A half-time line is posted at half-time of a game allowing you to bet on the second half of the game like a new game.
A straight bet is a bet on a single team in a game.
A teaser is a bet on 2 to 10 teams where the line is adjusted from 6 to 14 points. The payoff depends on the points adjusted and number of teams bet.
A parlay is a wager including 2 to 12 teams and depending on all of them to win. Most of the time if one game ties the parlay can still win but will payout less.
Commission paid to bookies for wagers lost.
An underdog is a team or player though to be most likely to lose the game.
A favorite is the team or player thought most likely to win the game.
A play is another term for placing a bet.
A push is when the teams or players tie for a game win.