Betting Glossary

A betting strategy where you take both sides of an event after the line has changed, with the hopes of winning both bets. For example, if you bet on Tampa at -3.5 on Monday, but by Wednesday, the line has moved to -4.5. Now you can bet on Orlando at +4.5, knowing that at least one bet will win, and if Tamp wins by 4, you win both bets.

A straight-up bet on the winner of an event.

Another term for American odds. They use a positive and minus system, such as +400 and -175. A positive number indicates the amount one must bet to win $100, and a negative number indicates the amount one can win if they were to place a $100 wager.

The act of paying for more points in your favor on a point spread wager; you’re moving the line to where you want to bet it.

Another term for a parlay. A multiple is a single bet that consists of two or more events on the same ticket. Let’s look at some examples. · Double - A single parlay/accumulator bet with two selections. · Treble - A single parlay/accumulator bet with three selections. · Patent - A bet of three selections that contains three single bets, three double bets, and one treble bet. · Yankee - A bet of four selections that contains six double bets, four treble bets, and one four-leg parlay. · Lucky 15 - A bet of four selections that contains four single bets, six double bets, four treble bets, and one four-leg parlay. · Lucky 31 - A bet of five selections that contains five single bets, ten double bets, ten treble bets, five four-leg parlays, and one five-leg parlay. · Trixie - A bet of three selections that contains three double bets and one treble bet.

The most valuable player for a team during the regular season, playoffs, or marquee match. Betting on the MVP for a season is a popular futures bet.