glosary

Future

Odds posted in advance of the winners of various major events, including the Superbowl, the World Series, the NBA championship and others.

Straight Wager

Is a single bet on one outcome. Wager placed on one side or total for a single event or game.

Parlays

It’s a bet on the result of 2 or more sporting events. Payouts are a lot higher than those of a straight bet. But all your picks have to win in order for the bet to be a winner. If there is a tie, the bet will revert to the following number adjusting the payout accordingly.

Teasers

A teaser is a selection of two or more teams in one wager in which the point spread or total is adjusted in your favor.  The number of teams selected and the number of points selected determines the payout odds.  If one of the selections loses the whole bet is a loss.


A ‘tie’ or ‘no action’ and a ‘win’ on a 2 team teaser shall constitute a ‘no action’ wager. 
A ‘tie’ or a ‘no action’ and a ‘loss’ on a two team teaser shall constitute a ‘losing’ wager.
Ties on a 3 or more team teaser shall revert to the next lowest betting bracket for pay-off:  for example: A 5 team teaser with one tie becomes a 4 team teaser

If Bets

If Bets are types of wagers that allow the selection of two picks (sides or totals) which are considered two straight bets based on conditions. The first bet has to win in order for the second bet to have action. An If Bet allows the option to use potential winnings from the first wager on the second bet.  There are two types: If Win Only and If Win, Tie or Cancel.

Reverse

Reverse bets are essentially two straight bets and the total amount of the reverse will be the amount of each straight bet. It is a type of bet that contains two If Win, Tie or Cancel bets which mae be sides or totals. If the initial reverse bet wins, ties or cancels the second reverse bet will have action; if your second reverse bet wins, ties or cancels you will also have action on your initial reverse bet. 

Line

The odds or point spread on a particular event.

Moneyline

The line for a team to win a match outright, with the tie not included.

No Action

A bet in which no money is lost or won.

Runline

In Baseball, a spread used instead of the money line

Off The Board

A game in which the bookmaker will not accept any more action.

v Push

A game tied when the spread or total is taken into consideration.

Assian Handicap

Is when the underdog gets a headstart (handicap), this handicap is expressed in goals or fractions of goals. In asian handicap betting, effectively the draw is taken out of play and a competitive market formed

Handicap

Is a way of making a match more even and interesting, it is done by awarding the underdog some points or goals lead.

Juice

Profit margin.

Favorite

The team or entry expected to win the event. The quoted odds reflect the extent to which the choice is favored.

Underdog

The team most likely to lose also referred to as “dog”.

Total

The total score in a game. You can bet the over or the under on the total.

Props

Or Proposition bets are a specific bet offered by the sportsbook especially on big games, such as NFL football.  For example:  Will there be a run scored in the first inning

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