Sports Betting Terms & Glossary
In recent years, online gambling has exploded in popularity in India. More and more individuals are turning to online betting as a form of pleasure and a way to make money because of the widespread availability of high-speed internet and the rise in the usage of smartphones. In India, mobile betting applications are rapidly overtaking desktop sites in terms of popularity. We’ll cover all you need to know about betting apps in India, from the advantages they provide to the ways in which they differ from traditional online bookmakers.
Sports betting has become increasingly popular over the years, and it has its own set of terms and jargon that can be confusing for newcomers. Here are some of the most popular words and their definitions in order to assist you better understand sports betting:
- Bankroll: A bettor’s bankroll is the total amount of money they have set aside specifically for sports betting.
- Chalk: Chalk refers to the favorite in a game or event. Betting on the chalk means betting on the team or player that is expected to win.
- Closing Line Value (CLV): CLV is a measure of how much the line moves from the time it opens until the time it closes. A bettor who consistently beats the closing line is said to have good CLV.
- Closing Line: The closing line is the final point spread, moneyline, or total that is offered by the sportsbook right before the game starts.
- Favorite: The favorite is the team that is expected to win the game. They will have a negative point spread or moneyline.
- Handicapper: A handicapper is someone who studies and analyzes sports to make predictions and give advice on which bets to make.
- Handle: The handle is the total amount of money wagered on a particular game or event.
- Hedging: Hedging is a strategy where you place a bet on the opposite side of your original bet to reduce your risk or lock in a profit.
- Juice: Juice, also known as vigorish or vig, is the commission that a sportsbook charges for taking your bet. It’s usually a percentage of your wager.
- Line: The line is the point spread, moneyline, or total that is offered by the sportsbook for a particular game or event.
- Live Betting: Live betting, also known as in-game betting, is a type of bet where you can place wagers during the game on things like the outcome of the next play or quarter.
- Moneyline: A moneyline is a type of bet where you simply pick which team you think will win the game outright. The odds for each team will be represented by a positive or negative number.
- Over/Under: This type of bet involves betting on whether the total number of points scored in a game will be over or under a predetermined number set by the sportsbook.
- Parlay: A parlay is a bet that involves two or more wagers combined into one. The payout for a parlay bet is higher than if you were to make the same bets individually.
- Point Spread: A point spread is a number that indicates the margin of victory a team must win by or stay within for a bet to be considered a win.
- Prop Bet: A prop bet is a kind of wager that doesn’t always depend on how the game will turn out. It can be on things like how many yards a player will rush for or how many strikeouts a pitcher will get.
- Push: A push is a tie between the bettor and the sportsbook. If the final score of the game falls on the exact point spread or total, the bettor gets their money back.
- Teaser: A teaser is a type of parlay where you can adjust the point spread or total to your advantage. The catch is that you have to pick multiple games correctly for the bet to win.
- Underdog: The underdog is the team that is expected to lose the game. They will have a positive point spread or moneyline.
- Unit: A unit is a standard measurement used by bettors to indicate the size of their bet. A unit can be any amount that the bettor is comfortable with, but it is usually a small percentage of their overall bankroll.