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May 18, 2023 · Like all gambling culture, sports betting has a deep lexicon of slang and special vocabulary. For beginners, listening to hard-core gamblers using sports betting lingo can be like hearing a completely different language. If you’re new to the betting on sports and find the terminology a bit intimidating, don’t worry.
- Richard Janvrin
- Sports Betting Analyst
- richard.janvrin@wsn.com
- Bachelor of English/ Journalism
- Bet/Wager: When a person risks a sum of money against a sportsbook and that person either loses the money they risked, or they are returned a sum of money larger than what they initially put at stake based off the result of a sporting event.
- Bettor: A person who places a bet/wager on a sports competition.
- Sportsbook: An establishment/website where people can legally place bets on sporting events, and sometimes non-sporting events, that pays out money as winnings.
- Oddsmaker(s): A person or group of people that sets and adjusts betting lines/odds.
Betting slang and jargon. Slang and jargon play a key role in gambling entertainment. Punters create slang to talk about specific wagering situations. On the other hand, jargon refers to more technical terms used by professionals. The main difference is that slang is informal, while jargon is technical and widely accepted.
Nov 5, 2024 · Leg: A wager that is part of a parlay bet. Line Movement: When the odds for a game change from the time bets open to the time the game begins. Lines move for various reasons, including a ...
- Mo Egger
- Action. "Action" is another word for a bet. The term is also used in casino betting, in which you may hear a dealer say "the action is on you," meaning it’s your turn to act.
- Bad Beat. When an unexpected event causes a person to lose their bet, despite the high likelihood of that bet becoming successful, it's known as a bad beat.
- Buy points. Sometimes sportsbooks will let bettors "buy points," or adjust the betting line according to their liking, in exchange for better or worse odds.
- Chalk. Chalk is another word for the team or person that is favored in a matchup. A "chalk bettor" will usually bet on the favorite.
Aug 26, 2024 · At Stake, we know that a good sports betting experience is more than just access to the biggest markets on major events. We have guides on how to develop a sports betting strategy that works for you, like progressive betting systems, Kelly Criterion, the 1-3-2-6 system, the Martingale strategy, the D'Alembert system, the Paroli system, or the ...
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Sports betting odds displayed in numbers ranging from 100 and above. A “-” symbol is used to indicate how much you must wager to win $100, while a “+” symbol is used to indicate how much you would profit if $100 is wagered. B Backdoor. When a sports betting spread or total bet hits at the very end of a game or event.
