Are you a beginner when it comes to sports betting? Do you really want to get into the sports betting industry and win big? Are you still hesitant because you cannot understand certain terms and do not have anyone to help you out in this regard? Do not worry! We are here to help you with just that. We have researched well and put together a list of the most common terms that are used in sports betting so that you can get right into your sports betting experience and place your bets with ease. Once you read this article, you will be able to get into sports betting and get away with behaving like a veteran even if you are actually a newbie in this industry.
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The following are some of the sports betting terms that are generally used in the industry and that you must have an idea of if you want to make it big in this industry. And yes, we will try to go alphabetically and cover all these terms as simply and lucidly as possible.
Action– In sports betting, action refers to the bet or the wager that you make on a particular sports match.
Against the spread– This includes the result of a poem and even the point spread.
Bad Beat– A bet where you think you are going to win, but fate is unfortunately not on your side, and you end up losing.
Book– This one is simple! It refers to the sports book, whether online or offline, on which you can bet.
Buck– What do you think it means? Yes, it is a $100 bet that you will only make once you feel rich enough or if you are sure of a victory.
Chalk– No, this has nothing to do with your school, a blackboard or the chalk squiggles on it. But, it does refer to the teacher’s pet in your school. The chalk is the favourite team or player in a sports game, the one the sports book and all the bettors think is going to win.
Consensus– The percentage of the betting public on the two sides of a sports match. There are some bettors who will bet against the public money, that is, the team who is the favourite or on whom most bettors have been placing their bets.
Dime– We went for the buck earlier, right? Now is the time for the dime! And this is a bet you can make only if you are pretty rich already, have cash to burn or are absolutely sure of your success. What is the amount of this bet? It is a $1000 bet!
Dollar– Lots of different monetary bets to look out for, yeah? This one is simple as well- the dollar is just a $100 bet.
Edge– This is the advantage you have as a bettor before you place your wager on a sports match.
Handicapping– This is about all the research you do on a sports match and the respective statistical data you compile before betting.
That’s all for today! We will be back with more sports betting terms soon. In the meantime, go bet!