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Green Bay Packers. Belmont winner Tiz the Law retired on vet's advice. Luka leads Giannis as betting fave to win MVP.
Dallas Mavericks. Bengals', Jets' upset wins not seen since New York Jets. Notable Bets: Receiverless Browns let down betting public. NBA Notable Bets: Lakers love dominating betting market.
Every NFL team's record against the spread and more. 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. Notable Bets: Chubb's choice, Hail Murray and Patriots upset light up sportsbooks.
Midseason NFL betting report: Prime time 'dogs and overs shining. NFL 'dogs bark in Week 8, betting public suffers. Betting battleground: The fight over where people bet in the future.
Todd Gurley mistake, missed PAT produce big swings at sportsbooks. Atlanta Falcons. Single - A simple wager.
Sportsbook - Much like a bookie, any company accepting bets, in this case on sporting events. Spread - A short reference used in the same fashion as a Point Spread.
Usually posted by the line maker, this is determined by the odds of the outcomes of a sporting event. Square - Someone new to betting on sports.
Standard Line - When a betting line is for all sides. Steam - When a betting line changes and is reposted because of how popular it is among bettors.
Stake - The specific amount of a placed bet. Staight Bet - A bet placed on a single sporting event. Straight Up SU Bet - When a bet is won despite the point spread.
This is commonly known as a moneyline wager as well. Sweetheart Teaser - A teaser which brings together 3 or 4 football or basketball bets and allows for gamblers to adjust their total and point spread in their favor.
Taking The Points - Wagering on the underdog in the Point Spread. Taking The Price - Wagering on the underdog in the Moneyline. Teaser - A parlay that allows for an increased point spread or total in exchange for reduced payout odds.
Ticket - Used interchangeably with wager because real world sports betting used to involve giving tickets as proof of a wager. Many still do, such as horse races!
Tie - Also known as a Push. However, in , the U. Supreme Court ruled against the Professional and Amateur Sports Protection Act , which was a federal law preventing states from deciding on their own whether to allow sports betting.
The ruling opened the door for sports betting throughout the country if states decide in favor of it. As a result, bookmakers are likely to see an increase in business in the coming years.
The casino operators like MGM Resorts are also looking to cash in on sports betting with its partnership with MLB as the official gaming partner of the sport.
Other companies and bookies are likely to expand into social media including Facebook to access potential betting customers.
One of the most critical ways bookies ensure their winnings is by calculating the odds that they will win an event, sometimes by employing teams of statisticians and developing complex models.
Sometimes these calculations are based on those, developed by casino actuaries or those who deal with risk calculations. Typically, they underscore which sports team the bookies believe will win an event.
A guy who says offensive things and decides whether he was joking based on the reaction of people around him. Watch out, Susie! A shady character that takes illegal bets on horse races, fights, sports games.
Such people usually are robbed regularly as they have large amounts of money. Pointspread - the betting line handicap that the favorite gives to the underdog.
Moneyline - betting line where no points are involved, rather a dollar value system that determines the charge or payout.
Juice - the commission placed on each straight bet. Since certain key numbers will carry a heavier juice, obviously the dog will be charged less.
The difference will be 20 cents from favorite to dog. The term is more specifically used with the MLB and is highly coveted by sharps and MLB-heavy bettors.
There is no juice. The betting software will run a final weekly balance and then reset the account for the coming new week.
This is the most common set-up. D Dog — A short term for underdog, the team that is less likely to win but may fetch higher profits on the offchance that it does.
E Exotic bets — The types of wages that come with a number of prerequisites. F Fixed Game — Every sports betting glossary agrees on the meaning. H Half-time bet — You wager on the outcome of a half-time result.
I In the Red — A term used to refer to the odds granted to a favorite. Index betting — Another term for spreads. J Juice — You may have noticed that we mentioned betting exchanges earlier in our betting glossary.
L Lock — A bit of a country specific bet, it is the same as banker, i. Lay a Bet — The act of placing a wager, no more no less.
Long Odds — Odds that are greater than ten-to-one. M Match betting — A simple matter of predicting the outcome of a match.
Multiples — It is another word for accumulator s. N This part of the betting glossary refers most commonly to sports bodies, including: NBA — The National Basketball Association NCAA — The National Collegiate Athletic Association NFL — The National Football League NHL — The National Hockey League.
O Odds — the ratio that indicates what profits can be had or losses generated. Over — A common fixed odds bet popular in football.
P Parlay — A popular term in the US for accumulators. Spread Betting — Check out cover. T Treble — An accumulator that consist of three selections, usually in horseracing.
U Under — The opposite of over. V Vig or Vigorish — A fee charged by the bookie to ensure profit for itself.Every profession has its own terminology and lingo. The sports wagering pay per head industry is no different. Whether you’re new to the game or a long-time vet, a quick look at the terms used. What is BOOKIE? legal definition: bookie. See BOOKMAKER. Relevant Terms. inauguration: inauguration (i-naw-gy[schwa]-ray-sh[schwa]n), n A formal ceremony inducting someone into office. 9/4/ · Bookie: A person who accepts bets illegally and charges vig. Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might.