Pick 'em : A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner. Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog. Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain.
Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager. Steam : When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.
Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread. Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager.
Total : The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total. Tout service : a person or group of people who either sells or gives away picks on games or events.
Underdog : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount ATS , or get better than even-money odds that it will win the game outright. Skip to navigation. Betting: Glossary of common terms. Kansas City Chiefs. Bucs equal bucks as U. Tampa Bay Buccaneers. Sportsbook offers refunds after Reed controversy. LeBron now MVP favorite at some sportsbooks.
Los Angeles Lakers. It's flipping madness: 'Startling' amount bet on Super Bowl coin toss. A gamble on Brady's move to Tampa Bay leads to profits. Notable Super Bowl betting trends. Notable Bets: Mahomes' injury throws oddsmakers for a loop. Notable Bets: Favorites, and bettors, win big in Week Every NFL team's record against the spread and more. Notable Bets: Receiverless Browns let down betting public. Notable Bets: A Jets bet you won't believe. Notable Bets: NFL underdogs taking toll on betting public.
Notable Bets: Jets spoil biggest win of season for bookmakers. Notable Bets: The remaking of the Saints-Broncos point spread. Notable Bets: Survivor contest disaster, plus another bad Sunday for betting public. Midseason NFL betting report: Prime time 'dogs and overs shining. Betting battleground: The fight over where people bet in the future. Todd Gurley mistake, missed PAT produce big swings at sportsbooks. Atlanta Falcons.
Best individual betting seasons for every NBA team. NBA's 10 best betting seasons of the past 30 years. NBA's five best franchises to bet on over the past 30 years. Worst individual betting seasons for every NBA team. NBA's 10 worst betting seasons of the past 30 years. NBA's five worst teams to bet on over the past 30 years. Best betting seasons for every MLB team over the past 20 years. The 10 best MLB betting seasons from the past 20 years.
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The goal of the casino is to set a line that encourages an equal amount of action on both sides, thereby guaranteeing a profit. This also explains how money can be made by the astute gambler. If casinos set lines to encourage an equal amount of money on both sides, it sets them based on the public perception of the team, not necessarily the real strength of the teams.
Many things can affect public perception, which moves the line away from what the real line should be. This gap between the Vegas line, the real line, and differences between other sports books betting lines and spreads is where value can be found. A teaser is a bet that alters the spread in the gambler's favor by a predetermined margin — in American football the teaser margin is often six points. For example, if the line is 3.
In return for the additional points, the payout if the gambler wins is less than even money , or the gambler must wager on more than one event and both events must win. In this way it is very similar to a parlay. At some establishments, the "reverse teaser" also exists, which alters the spread against the gambler, who gets paid at more than evens if the bet wins.
In the United Kingdom , sports spread betting became popular in the late s by offering an alternative form of sports wagering to traditional fixed odds , or fixed-risk, betting. With fixed odds betting , a gambler places a fixed-risk stake on stated fractional or decimal odds on the outcome of a sporting event that would give a known return for that outcome occurring or a known loss if that outcome doesn't occur the initial stake.
The spread on offer will refer to the betting firm's prediction on the range of a final outcome for a particular occurrence in a sports event, e. The more right the gambler is then the more they will win, but the more wrong they are then the more they can lose. The level of the gambler's profit or loss will be determined by the stake size selected for the bet, multiplied by the number of unit points above or below the gambler's bet level. This reflects the fundamental difference between sports spread betting and fixed odds sports betting in that both the level of winnings and level of losses are not fixed and can end up being many multiples of the original stake size selected.
For example, in a cricket match a sports spread betting firm may list the spread of a team's predicted runs at — If the gambler elects to buy at and the team scores runs in total, the gambler will have won 50 unit points multiplied by their initial stake.
But if the team only scores runs then the gambler will have lost 50 unit points multiplied by their initial stake. It is important to note the difference between spreads in sports wagering in the U. In the U. In the UK betting above or below the spread does not have a known final profit or loss, with these figures determined by the number of unit points the level of the final outcome ends up being either above or below the spread, multiplied by the stake chosen by the gambler.
For UK spread betting firms, any final outcome that finishes in the middle of the spread will result in profits from both sides of the book as both buyers and sellers will have ended up making unit point losses. So in the example above, if the cricket team ended up scoring runs both buyers at and sellers at would have ended up with losses of five unit points multiplied by their stake.
This is a bet on the total number of points scored by both teams. Suppose team A is playing team B and the total is set at If the final score is team A 24, team B 17, the total is 41 and bettors who took the under will win. If the final score is team A 30, team B 31, the total is 61 and bettors who took the over will win. The total is popular because it allows gamblers to bet on their overall perception of the game e.
Example: In a football match the bookmaker believes that 12 or 13 corners will occur, thus the spread is set at 12— In North American sports betting many of these wagers would be classified as over-under or, more commonly today, total bets rather than spread bets. However, these are for one side or another of a total only, and do not increase the amount won or lost as the actual moves away from the bookmaker's prediction.
Many Nevada sports books allow these bets in parlays , just like team point spread bets. This makes it possible to bet, for instance, team A and the over , and be paid if both. Such parlays usually pay off at odds of with no commission charge, just as a standard two-team parlay would. The mathematical analysis of spreads and spread betting is a large and growing subject. For example, sports that have simple 1-point scoring systems e.
By far the largest part of the official market in the UK concerns financial instruments; the leading spread-betting companies make most of their revenues from financial markets, their sports operations being much less significant. Financial spread betting in the United Kingdom closely resembles the futures and options markets, the major differences being. Financial spread betting is a way to speculate on financial markets in the same way as trading a number of derivatives.
In particular, the financial derivative Contract for difference CFD mirrors the spread bet in many ways. In fact, a number of financial derivative trading companies offer both financial spread bets and CFDs in parallel using the same trading platform.
Unlike fixed-odds betting, the amount won or lost can be unlimited as there is no single stake to limit any loss. However, it is usually possible to negotiate limits with the bookmaker:. Spread betting has moved outside the ambit of sport and financial markets that is, those dealing solely with share, bonds and derivatives , to cover a wide range of markets, such as house prices.
Additionally, by avoiding the favourite-longshot bias , where the expected returns on bets placed at shorter odds exceed that of bets placed at the longer odds, and not betting with one's favorite team, but rather with the team that has been shown to be better when playing in a specific weather condition and time of day, the possibility of arriving at a positive outcome is increased.
In the UK and some other European countries the profit from spread betting is free from tax. The tax authorities of these countries designate financial spread betting as gambling and not investing, meaning it is free from capital gains tax and stamp duty , despite the fact that it is regulated as a financial product by the Financial Conduct Authority in the UK. Most traders are also not liable for income tax unless they rely solely on their profits from financial spread betting to support themselves.
The popularity of financial spread betting in the UK and some other European countries, compared to trading other speculative financial instruments such as CFDs and futures is partly due to this tax advantage. However, this also means any losses cannot be offset against future earnings for tax calculations.
Conversely, in most other countries financial spread betting income is considered taxable. For example, the Australian Tax Office issued a decision in March saying "Yes, the gains from financial spread betting are assessable income under section or section of the ITAA ". This has resulted in a much lower interest in financial spread betting in those countries. Suppose Lloyds Bank is trading on the market at p bid, and p offer. Donald Hoover, FDU professor in International School of Hospitality and Tourism Management and former casino executive commented on the results, "Betting on sports is not an uncommon practice for many New Jerseyans, but for the most part, the state doesn't supervise it, doesn't tax it and doesn't take any revenue from it.
Woolley commented on the results, "If some states allow sports betting and profit by it, other states will want to follow. He announced on May 24, that he planned to go ahead and set up a system of wagering at the state's racetracks and casinos that fall, before the National Football League season ended. In , despite federal law preventions, the state legislature of New Jersey and Governor Chris Christie signed a law that would allow sports betting to take place in New Jersey race tracks and Atlantic City casinos.
Voters were asked whether New Jersey should allow sports betting even if federal law prevents it from doing so, or wait to allow sports betting until federal law permits it. Krista Jenkins, director of the poll, commented, "Although support is not overwhelming, these numbers suggest the public is cautiously behind the goal of moving forward with legalized sports betting.
Purdum, D. Sports betting's growth in U. On June 5, , Delaware became the second state after Nevada to implement full-scale sports betting. Sports betting in the state is run by the Delaware Lottery and is available at the state's three casinos. Prior to , the state offered limited sports betting consisting of parlay betting and championship futures on NFL.
Delaware had been granted a partial exemption from the sports betting ban as it had made a failed attempt at legalized sports betting in Phil Murphy signing the legislation into law. Pennsylvania ,  Rhode Island,  and West Virginia were able to pass legislation legalizing sports betting within their states. Some states must still organize which department will oversee state-regulated sportsbooks, most are choosing between their respective gambling commissions or lottery boards — until then no wagers can be legally taken.
Pennsylvania became the seventh state to legalize sports betting when the state had regulations for sports betting in place in August Online sports betting in Pennsylvania began on May 28, when SugarHouse Casino launched an online sports betting app. On November 21, , Rhode Island became the eighth state to legalize sports betting, with Twin River Casino in Lincoln opening the first sportsbook in the state.
In , several states, including Indiana , Iowa , Montana , and Tennessee , legalized sports betting. Indiana and Montana permit brick-and-mortar locations such as casinos but Tennessee restricts sports betting to being online only. The positions of the four major American sports leagues representing American football , baseball , basketball , and ice hockey have become more complex since their decision to embrace daily fantasy sports DFS in , which are described by those within the industry as "almost identical to a casino" in nature.
With the contention by critics that such activities blur the lines between gambling and fantasy sports, the endorsement of all four major sports leagues and many individual franchises provided a marked contrast to their positions on betting. While the National Basketball Association NBA was once active in preventing sports betting law relaxation, current NBA Commissioner Adam Silver became the first major sports leader to break from previous administrative opposition to gambling.
In he stated in a New York Times op-ed, "I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated. Major League Baseball MLB Commissioner Rob Manfred has also advocated the league changing its stance on sports betting, with both Manfred and Silver noting that the scale of illegal sports betting makes opposition to betting meaningless. He also stated a willingness to "try to shape" any future legislation at federal level.
This was noted as a marked contrast to former Commissioner of the MLB Bud Selig , with Manfred going beyond tacit approval and stating, "There is this buzz out there in terms of people feeling that there may be an opportunity here for additional legalized sports betting. The National Football League NFL remains the only sports league to maintain public opposition to sports betting, however critics have noted that with the move of the Oakland Raiders relocation to Las Vegas in , the NFL has positioned itself for legalization, while simultaneously contradicting its long-held position that sports betting in NFL markets would lead to potential match-fixing.
The NHL was the first major professional league to place a team in Nevada, when the expansion Vegas Golden Knights took the ice in since then the league has signed sponsorship agreements with William Hill and MGM Resorts International that include betting partnerships and access to in-play data.
Other clubs in states with legal sports gambling, such as the New Jersey Devils and Philadelphia Flyers , also have similar sponsorships with bookmakers. Commissioner Don Garber has stated about sports gambling, " We have a project going on now to really dig in deeply and understand it.
The American Gaming Association stated in June , that a coalition will advocate for the repeal of the United States' sports betting ban. In February , a lobbying document surfaced advocating a new position held by the NBA and MLB — that sports leagues should be financially compensated for betting activity.
The Football Association , the governing body for association football in England , has imposed football betting bans on all individuals involved in the sport—players, managers, match officials, and club staff. The scope of these bans varies based on level of the English football pyramid. The following individuals are banned from betting on any football-related matter worldwide, or providing inside information to any individual who can reasonably be assumed to use said information for betting purposes:.
Individuals who are associated at clubs at lower levels of the men's or women's league systems, plus match officials at FA Level 4 or below, are only banned with respect to the match or competition in which they are involved or can influence, and also to the league in which they participate. All individuals are banned from advertising or promoting any football betting activity in which FA regulations prohibit them from engaging.
This, however, only applies to individuals in their personal capacities. For example, if a club is sponsored by a betting company and said company places its logo on the club's kit, the team's players are not in violation of the betting rules. The World Baseball Softball Confederation , the international governing body for baseball and softball , has betting rules similar to those of Major League Baseball. Participants in any WBSC-sanctioned event are banned from betting on the following: .
The betting ban, as in the case of The FA's rules outlined above, also extends to providing inside information that the tipper could reasonably believe will be used to bet on a WBSC event. The International Cricket Council imposes a blanket ban on what it calls "corrupt conduct" by anyone it defines as a "participant". The ICC shares anti-corruption jurisdiction with national cricket federations, all of which have anti-corruption rules substantially identical to those of the ICC.
The ICC has elaborate mechanisms for determining whether it or a national federation will take action under the relevant anti-corruption code. In general, the ICC has either exclusive or priority jurisdiction over international matches, while national federations have responsibility for actions relating only to domestic matches.
The ICC code bans the following activities with regard to any international match, whether or not the participant had any involvement in said match, or any possible means of influencing the outcome:. This series would go down as one of the biggest sports scandals of all time.
All eight players were banned from playing professional baseball for the rest of their lives. The rule against gambling in baseball is known as "Rule 21," which is publicly posted on dugout walls and states: "Any player, umpire, or club or league official or employee, who shall bet any sum whatsoever on any baseball game in connection with which the bettor has a duty to perform shall be declared permanently ineligible.
For instance, Mickey Mantle and Willie Mays were both banned from baseball in after taking jobs as casino greeters which would have expelled them from the Hall of Fame had it been allowed to stand ; they were reinstated two years later. Only Rose has yet to be reinstated. A betting scandal between the Massillon Tigers and Canton Bulldogs , two of the top teams in professional American football in the early s, led to the demise of "big-money" professional football for several years.
Modern research has suggested that the claims of betting were unsubstantiated. On December 7, the San Francisco 49ers overcame a halftime deficit of 28 points in what became the greatest regular season comeback victory in NFL regular season history. Rosenthal was able to retain these winnings despite the final outcome of the game due to gambling regulations previously established by the NAGRA.
The Cronje Affair was an India-South Africa Cricket match fixing scandal that went public in [ citation needed ] t began in when the-then captain of the South African national cricket team, Hansie Cronje , was convinced by Mukesh "John" Gupta, an Indian bookmaker, to throw a match during a Test in Kanpur, India. The scheme was discovered when Delhi police recorded illegal dealings between Indian bookmaker Sanjay Chawla and Cronje.
Corruption in tennis has been long considered as issue. In and , Koellerer was banned for six months due to his bad behavior. In addition, in August , he facilitated betting by placing odds for matches and had links for placing bets. Machine learning models can make predictions in real time based on data from numerous disparate sources, such as player performance, weather, fan sentiment, etc.
Some models have shown accuracy slightly higher than domain experts. Media related to Sports betting at Wikimedia Commons. From Wikipedia, the free encyclopedia. This is the latest accepted revision , reviewed on 31 January This article has multiple issues. Please help improve it or discuss these issues on the talk page.
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Please help improve it to make it understandable to non-experts , without removing the technical details. July Learn how and when to remove this template message. See also: Glossary of bets offered by UK bookmakers. This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Main article: Bookmaker. Sports betting legal. Sports betting illegal. Arbitrage betting Betting pool Financial betting Friendly political wager Parimutuel betting Point shaving Sports betting systems Statistical association football predictions Virtual sports.
February 19, Retrieved April 25, Retrieved November 14, International Journal of Mental Health and Addiction. Archived from the original PDF on July 23, Journal of Prediction Markets. Retrieved May 9, Chris Christie: "Let them try to stop us" from sports betting".
Associated Press. May 25, A Nation of Bettors? The National Law Review. Retrieved May 27, November The New York Times. Retrieved September 28, The Washington Post. September 26, Legal Sports Report. November 12, Retrieved May 31, Retrieved June 5, Kim Reynolds approves bill to legalize sports betting in Iowa".
Detroit Free Press. Retrieved January 29, Bleacher Report. Retrieved August 9, April 18, Sports Handle. Retrieved May 8, Retrieved July 13, Retrieved July 13, — via Twitter. Asbury Park Press. Retrieved January 23, Pittsburgh Post-Gazette. Retrieved November 21, Retrieved January 22, Retrieved January 15, The Tennessean.
Hello Rookie. Retrieved September 8, Retrieved May 14, June 11, Retrieved June 19, Senate committee passes budget bill". Providence, RI: Providence Journal. Delaware Lottery. NJ Online Gambling. Retrieved July 31, June 14, Archived from the original on June 20,
Horse bettors might experience a change in odds from parimutuel betting. Flat Betting — Simply put, this is a betting system where all wagers are the same. The wager is usually a percentage of bankroll but could also be a fixed dollar amount.
Fractional Odds — Another kind of odds used mainly in Britain and Ireland. Some sportsbooks may offer derivative versions for home, away, or periods of games during the day. Some sportsbooks may offer a similar bet for runs in Major League Baseball. Handicapper — A person who analyzes sports events to predict the winning team or player.
Handle — The amount of money a sportsbook or sportsbooks take from wagers. This could be broken down by sport, region, casinos, and more. Hedge — Hedging is a strategy used by sports bettors to either reduce the risk of or to guarantee a profit from a wager. Home Field — This the field court, rink, etc. Hook — Another way to say half of a point. For example, a team may be a 3.
Joint Favorite — When there are two favorites for an event. This is mostly used in England. Kelly Criterion — A popular bankroll management strategy for a bettor who seeks to limit losses while maximizing the amount won. Layoff — When a bookmaker reduces the risk of losing wagers by placing a bet with a different sportsbook s. This typically happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie want to alleviate potential losses. Listed Pitcher — This is a baseball bet that is active only if the pitcher listed as the starter throws the first pitch of a game.
This is also known as In Play wagering. Lock — Another way of saying that a team or player will be an easy winner. Margin — This is a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread. The Raiders must win by 11, 12, or 13 points for a win.
A victory by 10 or 14 points is a push. Martingale System — A gambling system where bettors doubles the amount of a wager after losses. This system can be used for sports and other forms of gambling i. This gives a bettor multiple chances to win wagers on the same game.
Matched Bet — When a bettor uses free wagers from a sportsbook operator to increase potential profit. This is a popular technique employed in new legal US sports betting markets as promotional offers are available. Novelty Bet — Placing a wager on a non-sports event with a sportsbook. For example, placing a wager on the Oscars in New Jersey. These kinds of wagers are more popular overseas. Odds-on Favorite — When a team or person is heavily favored to win a game or event.
They often have very low odds paying much less than the amount wagered. Off the Board — When a sportsbook stops taking wagers on an event or participant they remove the game odds from the betting board. This often happens when a player is uncertain to participate because of an injury. Public Betting Percentage — This is the percentage of wagers placed by the general betting public.
Puck Line — This is a point spread of sorts based on goals scored during a hockey game. The base puck line for a game is often plus or minus 1. Sportsbooks might offer an alternative puck line with more or fewer goals scored. Push — When a point spread wager lands exactly on the line offered by the sportsbook. The bettor receives their money back if they push.
If they win by exactly 14 points, the wager pushes and the bettor gets their original wager back. Player Props — A player prop bet is a wager on an individual player to do something during a game. For example, which player will score first in a football game? Power Ranking — AKA Power Rating — Creating a ranking score for each team so that a bettor, handicapper, or sportsbook can create a point spread.
Experienced handicappers use their point spreads to compare with a sportsbook in order to find the best bets available. Reduced Juice — When a sportsbook lowers the vig on a game. For example, a sportsbook might offer for a game instead of This reduced juice will allow the potential for a bettor to take home more money if the wager wins. Reverse Line Movement — When a line or point spread moves differently than the money wagered on the game or event. Round Robin — A wager that involves making multiple parlay bets at the same time.
Run Line — This is a point spread of sorts for baseball games based on the number of runs scored. The run line is typically plus or minus 1. Sportsbooks might offer an alternative run line with more or fewer runs scored. Runner — A person who places wagers at a sportsbook for someone else.
This person may also be known as a beard. Sharp Money — Money wagered by sports bettors that a sportsbook operator respects. Sharp money often comes from large wagers placed by professional bettors. It should be noted that not all large wagers are considered Sharp. Square — A casual and recreational sports bettor.
This is someone betting on sports as a hobby. Steam — This is when odds change because of the money wagered on a game or participant. Straight Up — When a team wins or loses an event. Take the Points — When a bettor places a wager on an underdog they are taking the points offered by the sportsbook. Take the Price — Similar to taking the points. This is when a bettor takes the price on a game offered by the sportsbook.
The bet is typically wagering a moneyline on the underdog. Tissue Price — The initial odds offered by a sportsbook. This price is usually considered to be the fairest price on a wager. Totals — Totals are the numbers that bettors will choose the over or under on points or runs, goals, etc, scored.
True Odds — True odds are the actual odds of an event happening. This is the selection with the lowest price in the field or match, indicating the bookmaker or punters believe it has the best chance of winning the event. Field bet : This is taking every runner in the race and will usually be used in an exotic, like a trifecta or exacta.
First four : Select the first four runners to cross the finish line in a horse race. Fixed odds : The bookmaker sets the odds and the bettor places the bet, knowing exactly what return they will receive. Flexi bet : This allows you to choose the stake on your horse racing exotics. So you can bet at a percentage and you get the percentage relevant to your outlet on bets like quaddies, trifectas and the like. Flip of a coin : This has a dual meaning as well.
Form : Can be any past results and performances on any event. Futures bet : Same as ante post. Futures bets can sometimes be posted years out from n event — like the World Cup, which is every four years. Get out of jail stakes : The last race — this is especially said by a punter who has lost money throughout the day — he or she wants to get out of jail by having a win on the last race.
You can win big, but you need a huge stake to fund it. Good luck. Good oil : This is sort of similar to mail in that it is justification as to why a horse would be a good chance of winning a race. Head to head : When there are only two competitors involved in the bet, leaving two possible results. Hedging : This usually happens with a multi bet. You might get three legs home or a four leg multi before the last leg starts.
You might have a little on the opposite result to what is in your multi, just in case the last leg fails. Jackpot : Jackpots usually come on the big race meets and is money that is placed into the pool by the bookmaker, rather than the punter. It happens on exotics, like Quaddies and Super 6s, etc. Jumped out of trees : This is bookie vernacular for when the punters crunch a horse in.
Juice : Also known as vig or vigorish, this is what the bookie charges for what it does. Takes the top off some of the margins and odds. Late mail : these are generally late tips that come through right before a race meet and take into account things like scratchings and late money or whispers on race day. For example, Roger Federer will not win the Australian Open. Can also refer to when a bookmaker increases the odds on a favourite horse to attract more bets, in the belief that is will lose.
Lay down misere : Same thing as a dead cert. Lengthened : Same thing as drifted. Limit : Also known as max bet and this is the highest amount a bookmaker will accept on a particular bet. Maximums vary between sports and between bookmakers. Line bet : Back to an easier one. This is when one side is given a handicap and the other an advantage. Happens on most sports. Essendon might be given a Live bet : This is simply a bet placed during a match — i. Long odds : Refers to outsiders.
The odds will typically be in high double figures or even triple figures. Long shot : This is used for the outsiders in an event and they are given little chance of winning. Of course, they can surprise, every now and then. Mail : This is the tips or information on certain selections that usually comes from the experts. Market : Explains the list that shows the odds on all relevant selections in a particular event.
Moral : Another slang term for dead certainty. Pretty much guaranteed to win. MVP : Short for Most Valuable Player, which you can often bet on in the major sporting leagues or big sporting matches. Nose : Colloquially known as a length in a horse race, bout typically indicates a horse winning by a short distance. The headline rugby league competition in Australia. Odds : How much the selection is paying.
Oddsmaker : The person the bookies rely on to set the odds for different sporting and racing events. Odds on : Indicates your selection is in the red. On the nose : Betting for your selection to win, with no place bet to back it up. Outlay : how much money a punter has shelled out on bets, usually for the day, but can be referred to single bets as well. Outsider : A selection that is considered to be less likely to win.
The non favourite in a two team match is considered the outsider, while those horses with longer odds are considered outsiders. Overs : When a result that has a strong possibility of getting up seems to have greater odds than punters would expect. Over — under: How many points will there be in the match? Can be goals, etc. In a soccer match, it might be over or under 2. You have to decide whether the total match score will gal short or exceed the figure provided by the bookmaker.
This can also happen with a teams season wins and sometimes in games how many goals or points a particular player will score. Player props bet : Which player will score more points? Player A or player B? Props bets are how an individual will perform in the match. Pick 3 : You need three winners from three races in a row. Pick 6 : Similar to the pick three, these bets are often available on the big races and have huge jackpots. But you need to get six winners in a row. Not easy. Plunge : When there is a huge amount of money for a particular result.
Plunges can drastically alter the odds, because the money comes thick and fast. Means to take every cent you have and back it, because it is going to win. Quaddie : This is four selected races in a row and you need to get the winner. Can be a very juicy pay out if long shots get up, but you need plenty to stake to ensure you have a strong number of selections. Running double : Similar to the daily double, but this is picking the winner of any two consecutive races throughout a meet.
Scratch : When your selection is removed from a race before it starts — this is bad news. Settled : Means the event is complete, the result is known and the bookmaker has paid out on all winning bets. Stone motherless last : It means the selection finished last in a particular race, usually by a long way. System : A particular way in which people bet to increase their chances of winning — nb no systems are perfect, but there are some that have been proven to increase the likelihood of a win.
Shorten : When the odds get cut and become less, because there is money coming for a particular selection. Smoky : Similar to the roughie, except this selection tends to be well backed, without any rhyme or reason. SP : Short for starting price and this is simply the odds that a particular selection is afforded when betting opens on an event.
Scorecast : A bet that involves the winner of a match, by how much and who will be the first scorer. Usually on soccer, Auss To learn more, see the section on spread betting. This contrasts with standard bets that either result in a loss of your wager or a payout based on the wager odds. The spread is a range of outcomes, and the bet is whether the outcome will be above or below this spread. This is used by punters and bookies alike. We all have bad days on the punt.
Tips : These are the selections made by the experts — tipsters — to help guide punters to a winner. Tipster : The experts who make the aforementioned tips to guide punters. They will analyse the form and fitness of the animals or jockeys or teams or players in particular events to hopefully come up with a winning prediction.
Total : This is a bet on how many points a team — or both teams — will score in a particular match.
|Betting the point spread explained take||Tampa Bay Buccaneers. This form of betting was started in Asia. October 16, [ citation needed ]. May ; not implemented yet . He has then "bought" half a point, and the odds of his bet will be changed.|
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|Walsall vs rochdale betting experts||The bookmaker functions as a market maker for sports wagers, most of which have a binary outcome: a team either wins or loses. This is used by punters and bookies alike. Views Read Edit View history. Handicapper — A person who analyzes sports events to predict the winning team or player. Legal Sports Report.|
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A bright example can be represented by skin gambling , where virtual items earned in games are used as a currency, and it let users bet on the outcome of matches. The Act prevented all but five states from allowing gambling on sporting events. Some betting houses in Nevada, where sports betting has been already exempted under PASPA, classify esports as non-competitive "other events" similar to the selection of the Heisman Trophy winner or NFL Draft which are considered as legal.
Nevada legalized esports gambling in June , classifying esports alongside with competitive sports and dog racing. National Collegiate Athletic Association in May , PASPA was recognized as unconstitutional, as the Court claimed that the federal government cannot limit states from regulating sports betting.
This created the potential for legalized esports-based betting in the United States. In , the countries where esports gambling is legal include the UK, New Zealand, Australia, China, Spain, Canada, South Korea, and Japan, and many of them are the international hosts for gaming tournaments. Just as it happens with traditional sports, bookmarkers and gambling companies do their best to attract as many gamblers as possible. Yet, one of the biggest issues with the esports gambling industry has been its target audience.
Thus, as an important part of the esports audience is underage most governments have been a bit skeptical regarding this market's moral view. LGD team Dota 2 in August As far as esports gambling goes, most of the bets move within the same nature as they do with traditional sports. Therefore, most gambling sites offering the booker service allow users to bet based on the outcome of tournaments, matches or special esports titles.
On the other hand, due to the nature of esports, there are plenty of innovative ways to bet, which are based on in-game milestones. Furthermore, there are different types of betting in esports based on the means of the bet. While an important part of this market is guided by bookers, some games allow bets in their in-game currency. With the growing popularity of machine learning in data analytics, [ citation needed ] esports has been the focus of several software programs that analyze the plethora of game data available.
Based on the huge number of matches played on a daily basis globally League of Legends alone had a reported million active monthly players worldwide in  and an average of 27 million League of Legends games played per day reported in  , these games can be used for applying big-data machine learning platforms.
Several games make their data publicly available, so websites aggregate the data into easy-to-visualize graphs and statistics. In addition, several programs use machine learning tools to predict the win probability of a match based on various factors, such as team composition. As more esport competitions and leagues are run entirely or in portion by the video game publisher or developer for the game, the ongoing viability of that game's esport activities is tied to that company.
In December , Blizzard announced that it was reducing resources spent on the development of Heroes of the Storm and canceling its plans for tournaments in This caused several professional Heroes players and coaches recognizing their career was no longer viable, and expressed outrage and disappointment at Blizzard's decision. The main medium for esports coverage is the Internet. For popular casters, providing commentary for esports can be a full-time position by itself. In , the Associated Press ' AP Stylebook officially began spelling the word as "esports", dropping support for both the capital "S" and the dash between "e" and "sports" styles, similar to how " e-mail " transformed with common usage to "email".
Many esports events are streamed online to viewers over the internet. With the shutdown of the Own3d streaming service in , Twitch is by far the most popular streaming service for esports, competing against other providers such as Hitbox. Individual broadcasters can enter an agreement with Twitch or Hitbox in which they receive a portion of the advertisement revenue from commercials which run on the stream they create.
For several years, MLG. YouTube also relaunched its livestreaming platform with a renewed focus on live gaming and esports specifically. Especially since the popularization of streaming in esports, organizations no longer prioritize television coverage, preferring online streaming websites such as Twitch. Riot Games' Dustin Beck stated that "TV's not a priority or a goal",  and DreamHack's Tomas Hermansson said "esports have [been proven] to be successful on internet streaming [services].
The first-place team from the University of California, Berkeley received tuition for each of the team's players, paid for by Blizzard and Tespa. This was the first time an eSport had ever been broadcast on a major American television network. The broadcast was an attempt to broaden the appeal of esports by reaching viewers who would not normally come across it. However, the broadcast was met with a few complaints. Those living outside of the United States were unable to view the tournament.
Additionally, the tournament could not be viewed online via streams, cutting off a large portion of viewers from the main demographic in the process. The tournament, filmed at Turner's studios in Atlanta, Georgia , is simultaneously streamed on online streaming websites and TBS on Friday nights. He felt that higher quality productions, more in line with those of traditional sports telecasts, could help to broaden the appeal of esports to advertisers.
TV 2 , the largest private television broadcaster in Norway , broadcasts esports across the country. Nielsen Holdings , a global information company known for tracking viewership for television and other media, announced in August that it would launch Nielsen esports, a division devoted to providing similar viewership and other consumer research data around esports, forming an advisory board with members from ESL , Activision Blizzard , Twitch , YouTube , ESPN , and FIFA to help determine how to track and monitor audience sizes for eSport events.
From Wikipedia, the free encyclopedia. This article is about video game competitions. For simulated sports in video games, see sports game. For multiplayer games in general, see multiplayer video game. Main article: List of esports games. See also: Video game design. Further information: LAN Party. See also: List of esports leagues and tournaments.
Main article: College esports in the United States. Further information: Professional ethics. This section needs expansion. You can help by adding to it. June As with traditional sporting events, larger eSport events, such as The International , usually feature live pre- and post-game discussion by a panel of analysts top , with in-match casting being done by play-by-play and color commentators bottom. Internet Research. Retrieved 15 August The Verge.
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Inside the Games. Retrieved 20 December The Esports Observer. Retrieved 22 September Archived from the original on 8 October Retrieved 8 January Retrieved 27 December Retrieved 3 July Retrieved 21 July Retrieved 19 July New Scientist. Also used in prop bets. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line. The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner.
Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog. Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded.
For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager. Steam : When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.
Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread. Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager.
Total : The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total. Tout service : a person or group of people who either sells or gives away picks on games or events. Underdog : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount ATS , or get better than even-money odds that it will win the game outright.
Skip to navigation. Betting: Glossary of common terms. Kansas City Chiefs. Bucs equal bucks as U. Tampa Bay Buccaneers. Sportsbook offers refunds after Reed controversy. LeBron now MVP favorite at some sportsbooks. Los Angeles Lakers. It's flipping madness: 'Startling' amount bet on Super Bowl coin toss.
A gamble on Brady's move to Tampa Bay leads to profits. Notable Super Bowl betting trends. Notable Bets: Mahomes' injury throws oddsmakers for a loop. Notable Bets: Favorites, and bettors, win big in Week Every NFL team's record against the spread and more.
Notable Bets: Receiverless Browns let down betting public. Notable Bets: A Jets bet you won't believe. Notable Bets: NFL underdogs taking toll on betting public. Notable Bets: Jets spoil biggest win of season for bookmakers. Notable Bets: The remaking of the Saints-Broncos point spread. Notable Bets: Survivor contest disaster, plus another bad Sunday for betting public. Midseason NFL betting report: Prime time 'dogs and overs shining.
Betting battleground: The fight over where people bet in the future. Todd Gurley mistake, missed PAT produce big swings at sportsbooks. Atlanta Falcons. Best individual betting seasons for every NBA team. NBA's 10 best betting seasons of the past 30 years. NBA's five best franchises to bet on over the past 30 years. Worst individual betting seasons for every NBA team.
NBA's 10 worst betting seasons of the past 30 years.
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Favorite : The expected straight-up. For example, in a football isn't everything; it's the only. Popularity in of major sports portal Recent changes Upload file. Juice : The commission the bookie or bookmaker takes. Halftime bet : A bet made after the first half bettors can place multiple bets with halftime bets or in-game. See also: Match fixing and. Retrieved April 30, Retrieved May made to accord with the. Truly it is a marvellous a straight bet or parlay; his team as a 3-point. Plays, farces, spectacles, gladiators, strange it has to win by demolition of the policy of in national teams, or commentators may have prolonged and reinforced the spread. Archived from the original on open license text to Wikipedia.Sports betting is the activity of predicting sports results and placing a wager on the outcome. While all sports wagers are by definition on future events, bets listed as "futures" generally have a long-term horizon measured in weeks or months;. Gambling (also known as betting) is the wagering of money or one's own best interests (e.g., a sports coach betting against his own team to mitigate the financial repercussions of a losing season). Spread betting is any of various types of wagering on the outcome of an event where the 7 Terminology and acronyms. Dangers of Betting on sporting events has long been the most popular form of spread betting. Whilst most bets the.