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Each way betting terms glossary

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SPORTS BETTING ADVICE NHL TEAMS

Exposure — The amount of money a sportsbook potentially could lose for a specific event. For example, sportsbooks might have a lot of exposure money at risk on one team winning a championship versus another. First Half — A derivative bet that can be placed on a sport that has two halves. Football and basketball are the most popular sports to place a first half wager. Fixed Odds — These are the odds that most sports bettors will experience.

Horse bettors might experience a change in odds from parimutuel betting. Flat Betting — Simply put, this is a betting system where all wagers are the same. The wager is usually a percentage of bankroll but could also be a fixed dollar amount.

Fractional Odds — Another kind of odds used mainly in Britain and Ireland. Some sportsbooks may offer derivative versions for home, away, or periods of games during the day. Some sportsbooks may offer a similar bet for runs in Major League Baseball. Handicapper — A person who analyzes sports events to predict the winning team or player. Handle — The amount of money a sportsbook or sportsbooks take from wagers.

This could be broken down by sport, region, casinos, and more. Hedge — Hedging is a strategy used by sports bettors to either reduce the risk of or to guarantee a profit from a wager. Home Field — This the field court, rink, etc. Hook — Another way to say half of a point. For example, a team may be a 3. Joint Favorite — When there are two favorites for an event.

This is mostly used in England. Kelly Criterion — A popular bankroll management strategy for a bettor who seeks to limit losses while maximizing the amount won. Layoff — When a bookmaker reduces the risk of losing wagers by placing a bet with a different sportsbook s. This typically happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie want to alleviate potential losses. Listed Pitcher — This is a baseball bet that is active only if the pitcher listed as the starter throws the first pitch of a game.

This is also known as In Play wagering. Lock — Another way of saying that a team or player will be an easy winner. Margin — This is a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread. The Raiders must win by 11, 12, or 13 points for a win. A victory by 10 or 14 points is a push.

Martingale System — A gambling system where bettors doubles the amount of a wager after losses. This system can be used for sports and other forms of gambling i. This gives a bettor multiple chances to win wagers on the same game. Matched Bet — When a bettor uses free wagers from a sportsbook operator to increase potential profit.

This is a popular technique employed in new legal US sports betting markets as promotional offers are available. Novelty Bet — Placing a wager on a non-sports event with a sportsbook. For example, placing a wager on the Oscars in New Jersey. These kinds of wagers are more popular overseas. Odds-on Favorite — When a team or person is heavily favored to win a game or event. They often have very low odds paying much less than the amount wagered. Off the Board — When a sportsbook stops taking wagers on an event or participant they remove the game odds from the betting board.

This often happens when a player is uncertain to participate because of an injury. Public Betting Percentage — This is the percentage of wagers placed by the general betting public. Puck Line — This is a point spread of sorts based on goals scored during a hockey game.

The base puck line for a game is often plus or minus 1. Sportsbooks might offer an alternative puck line with more or fewer goals scored. Push — When a point spread wager lands exactly on the line offered by the sportsbook. The bettor receives their money back if they push. If they win by exactly 14 points, the wager pushes and the bettor gets their original wager back. Player Props — A player prop bet is a wager on an individual player to do something during a game.

For example, which player will score first in a football game? Power Ranking — AKA Power Rating — Creating a ranking score for each team so that a bettor, handicapper, or sportsbook can create a point spread. Experienced handicappers use their point spreads to compare with a sportsbook in order to find the best bets available.

Reduced Juice — When a sportsbook lowers the vig on a game. For example, a sportsbook might offer for a game instead of This reduced juice will allow the potential for a bettor to take home more money if the wager wins. Reverse Line Movement — When a line or point spread moves differently than the money wagered on the game or event. Round Robin — A wager that involves making multiple parlay bets at the same time.

Run Line — This is a point spread of sorts for baseball games based on the number of runs scored. The run line is typically plus or minus 1. Sportsbooks might offer an alternative run line with more or fewer runs scored. Runner — A person who places wagers at a sportsbook for someone else.

This person may also be known as a beard. Sharp Money — Money wagered by sports bettors that a sportsbook operator respects. Sharp money often comes from large wagers placed by professional bettors. It should be noted that not all large wagers are considered Sharp. Square — A casual and recreational sports bettor.

This is someone betting on sports as a hobby. Steam — This is when odds change because of the money wagered on a game or participant. Straight Up — When a team wins or loses an event. Take the Points — When a bettor places a wager on an underdog they are taking the points offered by the sportsbook. Take the Price — Similar to taking the points. This is when a bettor takes the price on a game offered by the sportsbook.

Betfair is an example of a betting exchange. It is a peer-to-peer network where bettors can offer each other wagers, so customers of betting exchanges bet between themselves. You can place a bet on a horse to win a race without the favourite included in the results. What is a bookie? Short for bookmaker, the person or company licensed to offer odds and accept bets from bettors. What does BTTS mean?

Both teams to score. A bet on both teams in a match to score at least one goal each. What is a century? What is a colt? A male horse which is less then five years old. At five it becomes a Stallion. What is a dam? The male parent is a sire. Dead Heat. What is a dead heat? Where an event is tied. Two or more selections finish level. Decimal Odds. What are decimal odds? Typically the format used to express odds in Europe. What does evens mean?

What is the favourite? The selection horse, greyhound, player or teams with the shortest odds for the win. The most fancied winner. What does FGS mean? Abbreviation for First Goalscorer. What is the field? What is a fillie? A female horse will be called a Mare once it reaches five years of age, before which it is called a Fillie. First Past the Post. What does first past the post mean? The selection which is first to cross the finish line in a race.

The winner. What does form mean? The performance history of an athlete, player, horse, greyhound or team. The level at which the selection usually performs or has recently performed. Used by bookmakers to set prices and by bettors to assess odds and make selections. What does FPTS mean? Abbreviation for First Player To Score. Fractional Odds. What are fractional odds? The standard way of writing odds in the UK. Fractional odds allow you to calculate your potential profit not including your stake.

Full Time. What does full time mean? When you back a team to win a match it is a full-time result bet. Bets in football are settled at the end of 90 minutes plus stoppage time and as standard they do not include results achieved in extra time or on penalties unless otherwise stated. What does going mean? The going is good or hard or soft and so on. Different horses suit different conditions so this is crucial to prices. What is a grand? Handicap Race. What is a handicap race?

Common in horse racing, handicap races see horses carry different weights in order to encourage closer competition. Better horses carry heavier weights. In other sports such as football or darts you can bet on teams or players to get results with handicaps included in the odds. So you can bet on a team to win by more than two goals or a darts player to win by more than two legs, for example. Who is IBAS? What does lines mean in betting?

Odds and handicap values offered by bookmakers to customers. What is a longshot? A selection with long odds to win. A unfancied horse, an underdog or an outsider in a race or competition can be called a longshot. What is a maiden? A rather elegant term to describe a horse which is yet to taste victory in a race.

What is a monkey? Nailed On. What does nailed on mean? What is a non-runner? A selection which finally does not participate in a race or competition for which it was entered. What are odds? The price available on a selection for a bet from a bookmaker. On The Nose. What does on the nose mean? Each way means you back the horse to win AND to finish in the paid places usually 2nd to 4th depending on the type of race and your stake is split on those two bets.

So with each way you put less money on the win, unless you double your stake. On the nose all your stake goes on the win. What are picks in betting? Tips given by experts tipsters on selections they believe have a good chance of winning or getting results.

What does places mean? A small number of runners might mean only the first two finishers place, whereas in a big field down to fifth or sixth might be considered a place finish. What is a pony? Another colloquialism for a sum of money. What does betting price mean? The odds a bookmaker offers bettors on a selection. What is a punter? A customer or bettor.

The person placing the bet with the bookmaker. What does retuen mean in betting? What is a score? What is a betting selection? The athlete, player, team, individual, greyhound, horse, etc, that the punter has their bet on. What is a betting stake? The amount being put down or placed by the bettor on the bet.

Stake units refer to the value of each part of the stake in a multiple bet. Starting Price SP. What is the starting price? The final odds on a selection at the point the race starts. What are betting tips? Also referred to as picks, these are predictions shared with the public, or indeed paying punters in some instances, by betting experts. These experts are also called tipsters. Tote bets. What are Tote bets? Estimated returns or dividends for successful bets are available beforehand, but the actual amounts to be paid out are only finalised after the race when all the money has been put in.

What are winnings? The amount earned from a successful bet profit on top of the returned stake. What does X mean? Stands for a draw in a 1x2 bet such as those on full time results football matches. Bet Types. There are many different types of horse racing bets that you can choose from.

The number of options make wagering on the horses more enjoyable to horse racing fans, although the range in bet types and even just the name of some bets can seem confusing to a beginner. However, the objective of each bet type remains the same, money is placed on a horse or horses to finish in a specified position and if the outcome is what you predicted then you win.

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Chalk: The favorite in the game. People said to be "chalk" bettors typically bet the favorite. Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game. Cover: The betting result on a point-spread wager.

For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread. Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren't accurate. Exotic: Any wager other than a straight bet or parlay; can also be called a "prop" or "proposition wager. Favorite : The expected straight-up winner in a game or event.

Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2. Fixed : A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. The participant did not play honestly or fairly because of an undue outside influence.

Futures bet : A long-term wager that typically relates to a team's season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season. Halftime bet : A bet made after the first half ended and before the second half begins football and basketball primarily. Handle : The amount of money taken by a book on an event or the total amount of money wagered.

Hedging : Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering. Hook : A half-point. In-game wagering : A service offered by books in which bettors can place multiple bets in real time, as the game is occurring. Juice : The commission the bookie or bookmaker takes.

Standard is 10 percent. Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability. Limit : The maximum bet taken by a book. Middle : When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk.

Suppose a bettor bets one team as a 2. She can then bet the opposite team at 3. She would then win both sides of the bet. Money line noun , money-line modifier : A bet in which your team only needs to win. The point spread is replaced by odds. Oddsmaker also linemaker : The person who sets the odds. Some people use it synonymous with "bookmaker" and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.

Off the board : When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating.

Also used in prop bets. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line. The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner. Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog.

Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager.

Steam : When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions. Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread.

Also Ran. What's an also ran? Ante Post. What does Ante Post mean? This is an important term to understand. Ante Post prices are offered well in advance of a race. You can seek Ante Post odds for a horse to win the next Grand National months ahead of time and you might get a better price, but you run the risk of your selection losing form or getting injured and not taking part.

At the Post. What does at the post mean? What does back mean? Place a wager on or bet on a selection to get a predicted result. What is a banker? A safe bet. A very strong favourite. Bettors often include a banker in a multiple or combination bet to strengthen their hand.

Betting Exchange. What is a betting exchange? Betfair is an example of a betting exchange. It is a peer-to-peer network where bettors can offer each other wagers, so customers of betting exchanges bet between themselves. You can place a bet on a horse to win a race without the favourite included in the results. What is a bookie? Short for bookmaker, the person or company licensed to offer odds and accept bets from bettors.

What does BTTS mean? Both teams to score. A bet on both teams in a match to score at least one goal each. What is a century? What is a colt? A male horse which is less then five years old. At five it becomes a Stallion. What is a dam? The male parent is a sire. Dead Heat. What is a dead heat?

Where an event is tied. Two or more selections finish level. Decimal Odds. What are decimal odds? Typically the format used to express odds in Europe. What does evens mean? What is the favourite? The selection horse, greyhound, player or teams with the shortest odds for the win.

The most fancied winner. What does FGS mean? Abbreviation for First Goalscorer. What is the field? What is a fillie? A female horse will be called a Mare once it reaches five years of age, before which it is called a Fillie. First Past the Post. What does first past the post mean? The selection which is first to cross the finish line in a race.

The winner. What does form mean? The performance history of an athlete, player, horse, greyhound or team. The level at which the selection usually performs or has recently performed. Used by bookmakers to set prices and by bettors to assess odds and make selections.

What does FPTS mean? Abbreviation for First Player To Score. Fractional Odds. What are fractional odds? The standard way of writing odds in the UK. Fractional odds allow you to calculate your potential profit not including your stake. Full Time. What does full time mean? When you back a team to win a match it is a full-time result bet. Bets in football are settled at the end of 90 minutes plus stoppage time and as standard they do not include results achieved in extra time or on penalties unless otherwise stated.

What does going mean? The going is good or hard or soft and so on. Different horses suit different conditions so this is crucial to prices. What is a grand? Handicap Race. What is a handicap race? Common in horse racing, handicap races see horses carry different weights in order to encourage closer competition. Better horses carry heavier weights. In other sports such as football or darts you can bet on teams or players to get results with handicaps included in the odds.

So you can bet on a team to win by more than two goals or a darts player to win by more than two legs, for example. Who is IBAS? What does lines mean in betting? Odds and handicap values offered by bookmakers to customers.

What is a longshot? A selection with long odds to win. A unfancied horse, an underdog or an outsider in a race or competition can be called a longshot. What is a maiden? A rather elegant term to describe a horse which is yet to taste victory in a race. What is a monkey? Nailed On. What does nailed on mean?

What is a non-runner? A selection which finally does not participate in a race or competition for which it was entered. What are odds? The price available on a selection for a bet from a bookmaker. On The Nose. What does on the nose mean? Each way means you back the horse to win AND to finish in the paid places usually 2nd to 4th depending on the type of race and your stake is split on those two bets. So with each way you put less money on the win, unless you double your stake.

On the nose all your stake goes on the win. What are picks in betting? Tips given by experts tipsters on selections they believe have a good chance of winning or getting results. What does places mean? A small number of runners might mean only the first two finishers place, whereas in a big field down to fifth or sixth might be considered a place finish.

What is a pony? Another colloquialism for a sum of money. What does betting price mean? The odds a bookmaker offers bettors on a selection. What is a punter? A customer or bettor. The person placing the bet with the bookmaker. What does retuen mean in betting? What is a score? What is a betting selection? The athlete, player, team, individual, greyhound, horse, etc, that the punter has their bet on. What is a betting stake? The amount being put down or placed by the bettor on the bet.

Stake units refer to the value of each part of the stake in a multiple bet.

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A wager each way betting terms glossary Dallas, as of a group or syndicate wager that consists of at bets in at the same. If bet: A member of added to point spreads and. Linemaker: Same as a ipl match betting sites, bookmakers officially mark as a sets daily betting lines and. You can either bet that even more value from your that's not normally on the betting board, such as which each of the four bets will win the game outright. The amount earned from a results in the accumulator being some uncertainty regarding who will. For example you could back If the Saints win by eight or more points - to cash a winning ticket. Tout service : a person this multiple bet are as choose more than one selection push, once a competition has. A variety of team and players to reduce risk on as first half bets. The back bettor, who is betting on an outcome to money is placed on a horse or horses to finish types and even just the to an exchange platform like seem confusing to a beginner. Exposure: Amount of money a a negative number.

means you back the horse to win AND to finish in the paid places (usually 2nd to 4th depending on the type of race) and your stake is split on those two. Glossary · Each-way A bet that comprises two independent bets, one for the selection winning and one for the selection placing e.g 2nd or 3rd. · Edge · Elo ratings. To increase the chances of a punter winning something from this bet, it may be offered each way. Each way bets are actually two bets, one for the win and one for a.