Technology has taken over the traditional way of doing things and the emergence of the internet has made our lives easier. From buying a car to ordering your insulin, things are much easier nowadays. The best part is that, you can also use the internet to make some cool cash. One such ways is through sport betting.
Unlike in the past when information was very limited and most bettors relied on what they heard on the street, today there are tons of information online and through the click of the mouse, you can come up with good information that will enable you make very informed choices.
So how do you go about learning sports betting Jargon?
When you google for ‘online betting’, you will see thousands of results. What does that tell you? The Internet has revolutionized a lot of things and you just need a computer or your smart phone to start making money.
In addition to hundreds of established online casinos, there are countless sport betting portals that offer superb features and great bonuses. The best thing about them is that they are available 24 hours a day.
If you are new to sport betting, it is paramount to arm yourself with proper knowledge prior to plunging in the field. Just like is the case with the stock market, knowing when to bet a moving line can be the key to success. Know when to bet and when to exit the platform.
Some frequently used sports betting terms
Not only will you need to know when to bet and exit the market, knowing the jargons in the world of sports betting will undoubtedly increase your chances of understanding the game, what more of winning them.
Here are some common terms you’ll encounter when betting. Let’s see which one you are familiar with:
Bookmaker (commonly referred to as a bookie): This is a person who accepts bets.
Chalk: Usually a heavy favorite.
Arbitrage: This is simply a form of betting the same event but on separate platforms so as to lock in a profit by taking advantage of different betting lines.
Bankroll: The total sum of capital that is available for betting sports.
Circled game: This is a common occurrence in betting and it means that a game’s odds have been reduced maybe because of uncertain conditions like the weather or an injury to a player.
Futures: This is a wager that involves the outcome of a season or how a certain team or player will perform during that season.
Parlay: This is an important term that means that, it is a bet in which two or more events must happen in order to win; if both fail to win, the wager will lose their money.
Point spread: The total points added to or taken away from a team’s actual score for betting purposes.
Vigorish (or vig): This is the commission charged by a bookmaker to place a bet with them.
Hook: This simply means a half-point in the betting spread.
Line (or in other terms sports betting lines): The point spread or odds on a game or event.
Lock: A locked bet is a bet that cannot lose.
Match-up proposition: This term is more common in golf auto racing; it means a betting option that pits two players against one another.Tags :