Basics of Sports Betting: A Guide

Sports betting is to win money from a bet over a sports game. If you are interested and curious of sports betting, here is a guide for you.

Why bet on sports? Because, it is simple to learn. Sports betting is not complicated, all you have to do is understand the basic mechanics of how it all works, and learn how to actually place a wager.

The best part is, you do not have to rely solely on luck. It tests your sports knowledge against the bookmakers, and it makes watching sports even more exciting. Do not worry on how to place your bets! There are online betting sites, all you have to do is log into your account from your computer or smartphone.

However, you should not rush on betting and placing wagers. You should know that most sports bettors lose money overall, and bookmakers are very skilled at what they do. Although sports betting is easier to understand, finding a technique on how to win is the real challenge. Bookmakers make a profit of their customers, thus they have a commission in to those odds.

Dictionary for Sports Betting: Common Terms

Accumulator. The bets are reinvested on a subsequent wager.

Action. The number of bets placed on a specific game.

Beard. The person who bets for someone to conceal their identity.

Bookmaker. The person who accept bets on a sporting event.

Chalk player. The favorite team, athlete, or horse of a person.

Edge. The advantage of the bookmaker, or wager.

Even money. A bet on outcome with no odds.

Favorite. The expected winner.

Handicapping. The predictions of the outcome of a sporting event.

Handle. The total amount of bet on an event.

Longshot. The team, athlete, or horse that is least likely to win.

Odds. A numerical number placed on the likelihood of a particular event occurring.

Over or Under. The bet is combined on a total of points scored by a team over or under a chosen number.

Press. The bet is higher than the usual amount.

Push. There is no winner or loser.

Sharp. A professional gambler.

Sides. The two teams, the favorite and the underdog.

Square. A new wager.

Underdog. The team, athlete, or horse that is most likely to lose.

Vig. The commission the bookmaker gets on losing bets.