If you want to be successful in the Online Sports Gambling Industry, you should start by researching on the most commonly used terminologies. The basic information will help you understand how the system works and how you can be successful in it. This article will help you feel more comfortable with the most commonly used terms and definitions in online sports gambling.
Odds are the likelihood of the outcome occurring, stated in numbers form. Money line is defined as odds expressed in terms of money. Whenever there is a minus (-), you lay that amount to win a hundred dollars. Whenever there is a plus (+), you get that amount for every hundred dollars bet. On the other hand, run line is used in baseball. It is spread used instead of the money line.
In sports betting, when a player pays an additional price to receive half a point or more in his favor on a point spread game, it is referred to as buy points. When you hear the word spread, it is the predicted scoring differential between two opponents as quoted by a sports book. It can also be referred to as point spread.
If you know of a person or company that accepts bets online, then they are referred to as an Online Sportsbook. The bookmaker’s commission on a losing bet is called juice. In sports gambling, the over is a sports bet in which the bettor guesses that the combined point total of two teams will be above a specified total. On the other hand, under is a wager in which the bettor guesses that the total points scored by two teams will be under a certain figure.
When you say totals, it is defined as the total combined point/runs/goals scored in a game. Streak is the term used when you are referring to a consecutive string of winning bets, usually several, or winning hands. Occasionally, there will be no favorite on a game. The game is said to be a pick and you can have a bet of 10/11 (bet 110 to win 100) on either team.
There are still tons of online sports betting terms out there. There are a lot of online resources you can check out for specific words, from basic to the more advanced. You might get overwhelmed in the beginning but this is already a good start. The mere fact that you understand the basic ones will help you relate to other seasoned bettors and eventually, become a master at what you do.