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A market that has shown great perseverance through the growth of online technology is gambling, with sports betting taking a front-row seat. The activity’s enjoyment is thanks to its fast-paced and high rewards aspects.
Sports is a highly social activity, and whether you watch it or participate, it provides a level of comradery. Players have gravitated online to get a piece of the action, which offers unlimited access to all the best betting opportunities.
Football and soccer have gained the most attention and backing over the years of online sports betting. Both with huge spectatorship, these sports have quickly dominated the industry offering online gamblers a constant supply of winnings and rewards.
Use the sports betting terminology below to help take control of your betting experience and hopefully pocket a win.
Like any niche, some terms and actions are unique to the activity. In sports betting, knowing the terminology and actions is the difference between a successful session and a loss.
By learning the industry’s terminology, you will not only up your chances of pocketing a win, but you will also enjoy activities far more.
The sports betting industry is growing fast, and if you want to get your foot in the door, now is your chance. Bookmark the Bitcoin Strips’ all-encompassing sports betting terminology guide and start today!
Action: A bet or wager
Against the spread: Results of a sports match/game that includes point spread
Bad beat: A bet/ wager that appears will be won by the bettor but is not
Buck/ Dollar: A bet of $100
Chalk: A significant favorite in a game, whether a whole team or a specific player
Consensus: A figure that represents all bets on an event displayed in a percentage form. Often this figure helps bettors decide their wager, with some players favoring the idea of going against the ‘public money.’
Cover: A cover is a result of a point spread bet. To win a point spread bet, bettors must win by a number higher than the allocated spread
Dime: A bet over $1,000
Edge: Edge is the advantage a sports bettor has before the bet is placed
Even/ Even Money: A bet of $100 winning a return of $100
Favorite: The favored team/ player to take home the win
Future Bets: These are bets that will unfold further in the future. An example would be placing a bet on an overall division or the outcome of a championship in advance
Handle: The entire value of money wagered on a game/match
Handicapping: Research of sports games/players’ statistics to help pick a winner
Hedging: The act of hedging is to bet opposite to previous bets. This is usually done if previous bets have been lost and players are looking for a small profit
Hook: A half-point in a spread
In-Game Wagering: Bets placed after a game/match has kicked off
Juice: Juice is the commission earned by the books on each bet
Limit: This refers to the maximum allowed wager for a single bet. They can vary, depending on the sportsbook
Lock: The overall favorite
Long Shot: The team that is considered the underdog
Moneyline bet: Refers to an outright win or loss, with no point spread involved
Nickel: A bet amount of $500
No Action: A cancelled game/event results in refunding all wagers
Oddsmaker: The opening line which is set on a game by a bettor
Off The Board: A game that is not accessible to be wagered on
Over: When the joined score of two teams is more than what was set by the sportsbook
Although this is not all the sports betting terminology, it covers much of what you need to know to enhance your online action further. For more sports betting terminology, stick around for the part two guide.
The next step to implementing your sports betting experience is picking the platform best for you from our list of partners. Luckily for you, the Bitcoin Strip has a site loaded with all the best online Bitcoin casino experiences. From bonuses to betting options, the guides on our site will have you coming back for more!
Currently, the top sportsbooks online are:
Get involved in the sports betting industry by making your next move here at The Bitcoin Strip. Take your pick from the top betting platforms and enjoy all there is to offer!
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