Are you heading to Las Vegas soon, and looking to make a bet? Here are 7 terms you are sure to hear within the sports betting marketplace. Beside the knowledge of all these terms sport enthusiast must visit agen judi online for more betting tips and knowledge. You get latest sports updates and you can even play online sports game there as well.
- Point spread
Also known as the Spread, or Line. This is the number the bookmaker assigns to teams to designate them either a favorite or underdog for betting purposes. A favored team will have points subtracted from it, an underdog will have points added to it. For example if the Dallas Cowboys are listed at (-7) vs. the NY Giants (+7), they would be a 7 point favorite.
In this situation if you want to bet Dallas on the point spread, they must win by 8 points or more for you to win the bet. If you like the Giants they would have to win the game, or lose the game by less than 7 points. If Dallas wins the game by exactly 7 points it is called a “push”, and you get your money back – essentially no one wins.
How much can you win betting the point spread?
For the most part point spreads are bet using odds of 11/10. For example, to win $10, you have to put $11 at risk. If you win the bet you would get back $21, your initial $11 investment, plus your $10 in winnings. Of course if you lose the bet you would lose the $11 you put at risk.
Also called Over/Under. Another common type of bet, where instead of betting on the winner using the point spread, you bet on the total number of points or runs scored in a game. For example, if the total in the Vikings/Lions game is 46.5 you can bet that the total points scored in the game by both teams will be either more or less than 46.5. Again in most instances standard 11/10 odds are used in totals wagers.
- Money line
The money line is offered in all baseball, hockey, and many football and basketball games. It simply means you bet on which team will win the game, with no point spread involved. For example if a team is -250 on the money line, you would bet $25 to win $10. If a team is a +250 underdog, you would only have to wager $10 to win $25. Money lines correspond to odds, ie. -300 is another way of saying a team is a 3/1 favorite.
A bet in which two or more teams/bets must both win for you to collect – if only one wins you lose. Parlays are more difficult to win, but the payouts are better. For example a 2 team parlay betting point spreads typically pays odds of 13/5 – you would risk $5 to potentially win $13. In many sportsbooks you can bet upwards of 8 or more teams in a parlay. In these cases the odds may be 100/1 or better.
Just as it sounds in a teaser the bookmaker “teases” you by adding or subtracting points to the point spread to make it more appealing. For example in a 6 point teaser, if you like the Eagles and they are currently a 7 point favorite, (-7) you can tease then down to where they now only a 1 point favorite (-1). With teaser bets you must pick two or more teams to tease, similar to the parlay bet. Teasers have their own odds, similar to parlays.
Often called “juice”. This is kind of like the bookmaker’s commission for taking your bet. Remember above when we talked about how most point spreads and totals are bet using 11/10 odds? Well that 10% difference is the Vigorish (vig or juice), that the bookmaker collects on all losing bets. It basically insures the bookmaker a profit if he is taking equal “action”, or money on both the underdog and favorite.
Acronym for “Against the Spread”. A record of how a team has done against the spread. For example the Celtics may be 23-10 straight up, but only 17-16 against the spread. ATS statistics are often used to try to predict future betting performance.