Limit – The maximum bet amount before the bookmaker changes the odds and/or points.

Cover – Winning by more than the point spread.

Closing Line – The odds or point spread when the specific sporting event begins.

Line – The current odds or point spread of a specific sporting event.

Opening Line – The first odds or point spread for a specific sporting event.

Point Spread – The number of points the favorite is expected to win by.

Vigorish or Vig – The commission a sportsbook charges on each bet.

Bookmaker – The person or establishment that sets odds and/or points.

Sportsbook – An establishment that accepts bets on the outcome of sporting events.

Here is a list of the most common sports betting lingo you can use to talk – and play – like a pro! In-play Bets are bets you can place on the Money Line, Point Spread or Total after a game or event has started. You can place a prop bet on what the score will be at halftime or if the game will go into overtime, for example. With a Prop Bet you can bet on a single event within a game. For example, a three-team Round Robin is made up of three two-team parlay bets – Team A vs. This gives you a better chance of winning yet the payout is lower.įutures Bets are bets placed on a sporting event that will take place at a later date.Ī Round Robin Bet is a series of smaller parlay bets on multiple games. Teasers allow you to shift a point spread in your favor by certain designated amounts. If one of the games results in a tie, it’s called a “push” and your parlay ticket is still “live”.Ī Teaser Bet is similar to a parlay in that you can bet on at least two games. The benefit of the parlay is the pay out – you can bet a small amount and win big.

All chosen bets must win for the parlay to pay out.

Parlay Bets are wagers on multiple games in a single bet. Will go over or under the designated combined score. When placing over/under bets, you are betting either the game total The Total Bet concerns the combined score of the two teams at the end of a game, as setīy the sportsbook. To win a Point Spread bet, the favorite must win by more points than it’s expected to win by (the number value as listed by the sportsbook.) There are three types of straight bets: Money Line, Point Spread and Total or Over/Under.Ī Money Line bet simply involves picking one of two teams to win the game without using the point spread. A straight bet is an individual wager on a game or sporting event.

Can i place a moneyline parlay bet