Betting Glossary

A bet that focuses on the outcome of the second half of a match.

An option offered by a sportsbook that allows the bettor to reduce the point spread for an improved price. For example, if the point spread is +6.5 at +170, you can sell an extra point to make the point spread +5.5, and the price will increase to +185.

A colloquial term for a skilled, experienced, or professional bettor.

A bet with only one selection.

Another term for a prop bet or exotic bet; these are bets that go beyond a standard game total, point spread, or moneyline bet, such as a bet on who will score first in a game.

Another term for a bookmaker; a licensed individual or organization that takes bets on sporting events.

Another term for the point spread.

Commonly confused with point spread betting, spread betting is a prediction of what will happen in a specific market expressed as a sell-buy range. For example, if the spread for goals in a soccer match is 2.75-3, the bookmaker thinks there will be around three goals in the match. If you think there will be more goals, then you buy, but if you think there will be less, you sell. The stake is determined per point movement, so if your stake is $10, you’re given $10 for every goal over the total, and you have to pay $10 for every point under the total.

A bet that significantly favors the bookmaker, so-called as only a sucker would take the bet.

A group of bettors that have pooled their funds and combined their knowledge to make bets on events with the purpose of winning money from the bookmaker.