It’s one of the most exciting times of the year for sports, and if you live in one of the many states that have recently legalized sports betting in the US, it’s the perfect time to place your first bet your The pro football playoff game is underway, while basketball and hockey dominate the weekday schedule and golf takes over on the weekend. With so many different options for betting on sports, it’s helpful to know some of the ins and outs of sports betting terminology before placing your first bet. Below we’ve put together a quick and helpful guide to sports betting and a sports betting glossary to get you started. Caesars is one of the most trusted names in entertainment and gaming, and a new Caesars Sportsbook promo code can get you in on the action now.
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Sports book betting guide, glossary, terms
Before you play, make sure you know the common terms of the bets you will see. Read also : The United States rallies in the final minutes to beat Canada to win bronze at the AmeriCup. There are dozens of ways you can bet on sports, and this handy guide to sports betting can help you understand what some of the most popular sports betting terminology means.
Against the spread: More of a football fan? Spread betting is for you. If Cincinnati is a 7.5-point favorite against Baltimore, then Cincinnati must win by at least 8 points to cover the spread. Baltimore can cover as the 7.5 point underdog by winning outright or losing by 7 points or less.
Money line: Hockey fans can bet on games with this method. If Boston is listed as a -200 favorite against New York, you would need to bet $200 to return $100 to Boston to win. If Boston is listed as a +200 underdog against New York, that side will return $200 on a $100 bet if it wins.
Over-under: This is a very popular method for betting on basketball. If a sportsbook sets the Over/Under for a game between Milwaukee and Toronto is set at 210, you bet if you think the final score will be over or under 210.
Straight: This super simple betting style requires you to bet on who you think will win an entire sporting event. This method is especially popular when betting on single player sporting events such as golf tournaments, car races and title fights.
Parlay: This high-risk, high-reward betting method involves two or more sides on a single bet and all sides must win for the bet to be a winner. A $100 bet on a four-team parlay at odds of 11-1 can return $1,100, but that’s only if all four sides win. If three or fewer sides win, the bet is a loser.
Teaser: Teaser is a type of parlay that allows you to adjust the point spread for football games and reduce the risk. If your two favorite teams are seven-point favorites and you’re not sure if they’ll cover their spreads, you can use a six-point teaser to drop each team to a -1 favorite and only need two points to cover
Prop bet: Prop bet focus on results other than the final score of a game, and prop player zeros in on the individual performance of one athlete. Sportsbooks will set a projected number, and then you can bet if you think the final state will fall above or below that projection. Commonly placed player props include how many touchdowns a quarterback will throw or how many three-point shots a basketball player will make.
Futures: Sportsbooks do not limit you to betting on games that are happening right this minute. You can also make a future bet, which is a bet placed on a very sporting event in the future. While baseball is well into its offseason, you can place a futures bet now on which teams you think will win their division next season.
Push: If neither team in a game can cover the spread, the result is a sort of “tie” called a push. If San Francisco closes as a three-point favorite against Arizona and then wins 27-24, neither team can cover and all spread bets are returned.
Handle: The handle is the total amount of money taken by a sportsbook for a particular event and includes all types of bets.
Live betting: Sportsbooks will adjust certain results as the game progresses, so you can bet alongside your favorite teams. Live betting is especially fun during baseball games, when you can bet between innings and win before the next one starts.
“Off the board”: This means that bets on a particular event or result have been suspended or canceled altogether. It’s typically something that happens because of major injury news or a last-minute roster change.
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Ready to get started? Click here to get your first bet up to $1,250 from Caesars (See details here). Remember to use the code GAMEFULLC. Read also : Ohioans bet big on area sportsbooks on first day of legal sports betting (photos, video).
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What does +15.5 mean in betting?
Odds and betting lines from a sportsbook can be confusing at first, but they are not that difficult to understand. In order to help you understand the betting odds, we will use +1. Read also : How to travel more without spending more.5 as an example. When you see +1.5 in front of the team name, it means they are 1.5-point underdogs in that matchup.
What does +14.5 mean in sports betting? The first number always tells us the range of the point. In this case, the Bills are favored to win by 14.5 points. We know this because the â-â represents the favorite, while the â â represents the underdog. So the Bills must win by more than 14.5 points to win the bet.
What does +15 mean in sports betting?
Odds expressed in terms of money, with $100 being the standard. If the odds are minus (â), then that amount of money must be bet to win $100. (eg â150 means you have to bet $150 to win $100.) If the odds are bi ( ), that amount of money would be earned on a successful $100 wager.
What does a +10.5 spread mean?
Looking at the underdogs, the Redskins are 10.5 over the range (10.5 point underdogs), which means they have to lose by 10 or less in order for your bet to cash out. The Titans are 4.5 point underdogs, meaning they would have to lose by four points or less to win.
What does a +7 bet mean?
If the spread is set to +7, it means that to cover, the underdog must either win the game outright or lose by less than seven points. For the favorites to cover, they must win by more than seven points.
What is negative point spread? In the simplest terms, a negative spread indicates the favorite, which is the side expected to win the match. A negative point range really means the team has some work to do. For a negative spread bet to hit, the team must beat its opponent by a margin greater than the point spread.
What does +4 spread mean?
Cincinnati was a 4 point underdog. This appeared as a Bengals 4. This means that the Bengals would have needed to win the game outright or not lose the contest by 5 or more points. The final score was Rams 23, Bengals 20, so the Bengals 4 bettors won their bets considering Cincinnati only lost by 3 points.
What does minus 7 odds mean?
What Does It Mean When The Odds Are Negative? Negative numbers (in American money line odds) are reserved for the favorite on the betting line and indicate how much you need to bet to win $100—usually you need to bet more to win $100 on the favorite.
What does a +9.5 mean in football bets?
A range of 9.5 points means that one team is getting 9.5, and the other is getting -9.5. The team that scores 9.5 wins the bet if they win the game, or lose by nine points or less. On the other hand, the team with -9.5 only has a chance to win the bet if they win by 10 points or more.
What does a +8.5 range mean? Let’s say a team is favored as 8.5 points favorite or written as -8.5. For the favorite team to âcover the spread,â must win by at least nine points. If they win by eight points or less, it doesn’t matter that they won because they didn’t cover the spread.
What does a +14.5 bet mean?
In this case, the Bills are favored to win by 14.5 points. We know this because the â-â represents the favorite, while the â â represents the underdog. So the Bills must win by more than 14.5 points to win the bet.
What does +9.5 mean on Fanduel?
This means that to win by betting on the underdog, the underdog has to either win the game or lose by fewer points than the spread. For example, let’s say the Knicks are 9.5 against the Nets. If the Knicks lose by less than 9 points, the bet wins.
