With a variety of games to gamble on at ufa1688, it will be best if you knew the terms that you will come across during your betting sessions. The language of sports betting can be confusing, especially if you are a newbie in the industry. Check out some of the common ones:
- Action:It is a wager of any kind
- An added game: It is a game that is not part of the regular games on that particular casino. In most cases, it might be a rescheduled game or the doubleheader second game.
- ATS-Against the spread: Laying or setting points or the spreads instead of having to take a game straight up.
- Arbitrage: It is the simultaneous sale and purchase of a game in various markets to be able to profit from unequal prices.
- Bankroll: The funds that you have available for betting
- Bookmaker: A person that is licensed to take wagers and create betting lines
- Buying points: Having to pay more for a particular game to get an attractive price. In most instances, a gambler will buy football points around the key numbers like 3 and 7.
- Chalk: The team that is favored
- Contrarian betting: Also referred to as having to bet against the public. It finds value by having to bet on games that have lopsided betting percentages.
- Cover: In basketball or football, a gambler can win a bet in case they cover the points that are spread. If you place a 7 point bet for a favorite and then win by a 9, it means the spread is covered.
- Dime: A $1000 bet
- Dog: Short form for the underdog, the team the bookmakers assume that it is going to lose in the game.
- Draw: Also referred to as a push. If a game can fall on the spread exactly, it means that there is no winner, and you will receive back your money as a bettor.
- Edge: Refers to the advantage of the bettor against the house. It means that you have an expected value that is positive.
- Even money: A bet that you will not have to pay the bookmaker any vig.
- Favorite: The team in which the bookmaker expects that it is going to make money.
- Future: It refers to bets which, in an event, come down in advance.
- Hedging: After placing a wager on one side, going ahead and placing a bet on the other side. You can use it to cut on your losses or to be guaranteed a profit.
- Hook: When it comes to sports that are spread based, the hook refers to the extra half point that can be gotten by the bettor. In football, bettors buy hooks around certain key numbers like a 3 to get a 3.5.
- Grand salami: It is about the over/under total regarding how many runs/goals will be scored in all the games as a total in a specific league.
Juice: It is all about the tax that the sportsbooks create for the bettor placing a wager.