Sports Betting Terms: Glossary for How to Bet Online

As the legalization of online sports activities having a bet sweeps the United States, it’s by no means been less difficult to wager on line.

Whether you’re a first-timer the use of your welcome bonus on NFL having a bet, an occasional bettor surfing up to date MLB odds, or a diehard tennis fan scanning stay having a sport betting opportunities, there’s some thing for all people at BetMGM.

As you area your bets on the sports book, here’s a useful manual of sports activities having a bet phrases to present you the high-quality on line having a bet experience:

Action
To have motion on a carrying occasion approach you’ve positioned a wager on the sport.

Against the Spread
The unfold is the margin with the aid of using which one crew or participant is preferred in a single occasion. If you’re having a bet in opposition to the unfold, you’re having a bet one facet covers the unfold.

American Odds
American sports activities having a sport betting odds, the ones utilized by BetMGM, are displayed as plus-minus odds, e.g., +four hundred or -one hundred thirty. Plus odds constitute the quantity you’d win on a $a hundred wager ($four hundred, now no longer consisting of stake, for +four hundred odds), at the same time as minus odds constitute the quantity you’d guess to income $a hundred ($one hundred thirty on for -one hundred thirty odds).

Antepost
Most normally utilized in horse racing having a bet, an antepost wager – additionally written as ante-submit or ante submit – is positioned earlier than the having a bet marketplace has opened for a specific occasion.

Backdoor Cover
The Kansas City Chiefs, a 9-factor domestic favorite, led the Dallas Cowboys with the aid of using thirteen factors withinside the very last minute whilst Dak Prescott linked with Amari Cooper on a 60-backyard busted-insurance landing with one 2nd remaining. The Cowboys misplaced the sport with the aid of using six factors however, as a 9-factor underdog, blanketed the unfold. That’s a backdoor cover.

Bad Beat
If you held a Chiefs (-9) price price tag, the Cowboys’ meaningless landing became a awful beat, i.e., a misplaced wager that regarded to be a assured winner.

Bankroll
Your bankroll is the quantity of cash set aside, whether or not in a financial institution account or BetMGM account, for on line sports activities having a bet. Bankroll control is important in practising accountable gambling.

Bet Slip
A wager slip is the electronic (in on line having a bet) or physical (at a sportsbook) price price tag that consists of your wager(s) positioned.

Bonuses
At BetMGM, you could earn having a bet bonuses in quite a few ways. From a welcome provide bonus to promotional bonuses for putting and/or prevailing a specific guess, there are numerous sorts of bonuses.

Buy Points
Buying factors lets in you to enhance the unfold of a wager in trade for decreased odds. Perhaps you obtain 1.five factors at the Green Bay Packers’ unfold – transferring it from -four to -2.five – in trade for a discount in odds from -a hundred and ten to -one hundred thirty.

Cash Out
Occasionally, BetMGM clients have the possibility to Cash Out a wager and obtain a element or all the stake and winnings earlier than the occasion is complete. If you operate Cash Out, the wager is settled, and the bettor not has a stake withinside the occasion.

Chalk
If you wager the chalk, you’re having a bet the favorite, commonly a heavy favorite.

Cross Sport Parlay
Cross Sport Parlays are BetMGM’s pre-packaged parlays constructed of unmarried bets from a couple of sports activities with better parlay odds than constructed manually.

One Cross Sport Parlay, for example, may consist of the cash strains for the New York Yankees (-150) and the Los Angeles Dodgers (-180) and be supplied at +180. If you manually positioned a parlay wager at the Yankees’ and Dodgers’ cash strains, the percentages might be +159.

Decimal Odds
The maximum famous kind of odds out of doors the United States, decimal odds are displayed because the return, consisting of stake for each $1 wagered. If the decimal odds are 1.five – the equal of -2 hundred in American odds – you’d obtain $1.50 again on a $1 wager.

Dime
A guess of exactly $1,000.

Dog
A domesticated carnivorous mammal that commonly has an extended snout, an acute experience of smell, nonretractable claws, and a barking, howling, or whining voice … It’s additionally brief for underdog.

Double Chance
Double danger having a bet is to be had for activities which have 3 feasible outcomes, i.e., win for Team A, win for Team B, or draw. With a double danger wager, you wager on  outcomes, e.g., Chelsea wins (vs. Liverpool) or draw.

Edit My Bet
Similar to Cash Out, BetMGM’s Edit My Bet lets in you to reconsider after your wager is positioned. Also best to be had below pick circumstances, you could upload a selection, change a selection, cast off a selection, and/or growth your stake earlier than the occasion(s) on that you wager is completed.

Even Money
A guess with odds of +a hundred (or -a hundred), which means your income will same your stake, e.g., a $a hundred wager to win $2 hundred (consisting of stake).

Fading
Fading is having a bet in opposition to someone. If you fade your friend’s weekly NFL picks, you’re intentionally having a bet in opposition to them with the aid of using putting wagers contrary of his. You may also fade the Baltimore Orioles with the aid of using having a bet in opposition to the Orioles.

Favorite
The preferred crew, participant, or different group/entity in odds.

Fixed Odds
Fixed-odds having a bet – that is the case for almost each kind of on line sports activities having a bet – approach the percentages are locked on the time of the wager. The unfold at the Boston Celtics-Atlanta Hawks recreation may pass from Celtics (-3) to Celtics (-2.five) when you positioned a wager at the Celtics. That extrade doesn’t have an effect on your wager, that is locked on the time at that you positioned it.

Fractional Odds
Fractional odds are given in fractional form, e.g., five/1 or 7/2, to symbolize the quantity won (numerator) over the quantity wagered (denominator), now no longer consisting of the stake. If you guess $1 on five/1 odds, the ability payout is $6.

Free Bets
A Free Bet is a wager you could make with out the use of your cash. In maximum cases, you could earn Free Bets with the aid of using collaborating in sports activities having a bet promotions.

Futures Bet
A futures wager is any wager positioned on an occasion, playoff series, award, or every other incidence withinside the future. The maximum famous futures bets are positioned on activities like Super Bowl odds or NBA Finals odds.

Grand Salami
A kind of over/below general wager, a grand salami is most usually the whole quantity of desires or runs scored all through a whole day or hockey or baseball sport games.

Handicap
Another call for unfold having a bet or factors having a bet, handicap having a bet is the method of oddsmakers night an occasion with the aid of using putting a range on it.

Handle
The amount of cash the sportsbook gets in bets. It’s most usually referenced for a specific occasion or crew however may be damaged into time period, location, and an endless quantity of different areas.

Hedge
Hedge having a bet is a danger control tactic wherein a bettor locations a guess on the alternative facet of an in advance guess. For example, a bettor locations a Super Bowl futures wager at the Buffalo Bills. Six months later, if the Bills are withinside the Super Bowl, the bettor may wager in opposition to the Bills to assure a win, both from the futures wager or the unmarried wager.

Hook
Another phrase for 1/2 of of a factor. If a crew is a five.five-factor favorite, they’re preferred with the aid of using 5 and the hook.

Juice
Another call for odds, the juice is the fee you pay to area a wager. If you’re taking the Tampa Bay Lightning % line (-1.five) at -one hundred ninety, you’re laying one hundred ninety in juice.