Those who’ve learned how to make money betting on sports a long time ago frequently try to give beginners or newbies the impression that the sports betting process is easy. Seasoned sports gamblers may say things like: “Yeah, if you want to get in on the action, you just bet up to 10% of your bankroll, then the bookie gets the opening line from Vegas, but the oddsmaker may move the line to protect his vig-and of course you’ll want to pay close attention to the spread, which is essentially a handicap that sportsbooks use to increase game competitiveness from your perspective; that also affects the overall handle.” What? If that makes little or no sense to you at all, to learn sports betting vocabulary-the 1st step to make money betting on sports, just read on…
SPORTS BETTING VOCABULARY YOU NEED TO KNOW
Action: Any kind of betting activity including sports betting.
Bankroll: The overall amount of money that you are comfortably willing to lose on all of your sports bets.
Bookie: An individual [as opposed to a business organization] who accepts and processes bets.
Handicap: Within the sports betting sphere, handicap means to give one team or opponent a point or scoring advantage in an attempt to level the level the sports betting field. Handicapping is practice of predicting the result of a competition UFA CASINO for purposes like betting against the point spread. A favored team that wins by less than the point spread still wins the game, but all bets on that favored team would lose.
Handle: The total amount of money wagered on bets for a particular sports event.
Juice: The amount charged by the bookie or sportsbook for their services; same as profit or vig.
Money Line: Used instead of point spreads as a sort of handicapping method in low-scoring sports like baseball, ice hockey, and soccer.
Oddsmaker: Those who constantly study and research sports and set the money lines.
Sportsbook: A business organization that accepts and processes bets.
Spread: Commonly known as “the point spread” is basically a handicap used in high-scoring sports such as basketball and football to make games and matches competitive from the bettors’ perspective.
Vig: The percentage of all bets that the sportsbook or bookie takes as profit; bookmaker’s commission on losing bets; charges taken on bets by casinos or any gambling establishment. [Origin: Short for “Vigorish”, which is derived from Yiddish slang term “Vyigrish”, the Russian word for “winnings”]