There are many phrases commonly used in the world of sports betting.
The definitions below are just a starting point. These definitions are meant to help you when making bets and when having general sports betting conversations.
- Point spread: The number of points by which a favored team is expected to win a game.
- Moneyline: A bet on which team will win a game outright, without the need for a point spread.
- Over/Under: A bet on whether the total number of points scored in a game will be over or under a certain amount.
- Favorite: The team that is expected to win a game.
- Underdog: The team that is not expected to win a game.
- Handicapper: Someone who analyzes and predicts the outcome of sporting events.
- Parlay: A bet in which multiple outcomes are combined into a single wager, with the potential for a larger payout if all outcomes are correct.
- Teaser: A bet in which the point spread is adjusted in the bettor’s favor, but with a lower potential payout.
- Juice/Vig: The commission or fee that a sportsbook charges for taking a bet.
- Lock: A bet that is considered a sure thing or a guaranteed winner.
It’s important to have a good understanding of these and other sports betting phrases before placing any bets to avoid confusion. At the end of the day, it’s our responsibility as the bettor to understand every bet we make.