Lyn Stoddard asked 4 hours ago
Those who’ve learned the best way to earn money betting on sports a long time ago frequently try to give beginners or newbies the impression that the sports betting process is easy. Seasoned sports gamblers may say things like: “Yeah, if you need to get in on the action, you just bet up to 10% of your bankroll, then the bookie gets the opening line from Vegas, but the oddsmaker may move the line to protect his vig-and of-course you will want to pay close attention to the spread, which is essentially a handicap that sportsbooks use to improve game competitiveness from your perspective; that also affects the overall handle.” What? If that makes little or no sense to you look at this site all, to learn sports betting vocabulary-the 1st step to earn money betting on sports, just read on…
Action: Any sort of betting activity including sports betting.
Bankroll: The overall amount of cash that you’ll be comfortably prepared to lose on all your sports bets.
Bookie: An individual [as opposed to a business organization] who accepts and processes bets.
Handicap: In the sports betting sphere, handicap means to give one team or opponent a point or scoring advantage in an attempt to level the level the sports betting field. Handicapping is practice of predicting the result of a competition for purposes like betting against the point spread. A favored team that wins by less than the point spread still wins the game, but all bets on that favored team would lose.
Handle: The exact amount of money wagered on bets for a particular sports event.
Juice: The amount charged by the bookie or sportsbook for their services; same as profit or vig.
Money Line: Used instead of point spreads as a sort of handicapping method in low-scoring sports like baseball, ice hockey, and soccer.
Oddsmaker: Individuals that constantly study and research sports and set the cash lines.
Sportsbook: A business organization that accepts and processes bets.
Spread: Popularly known as “the point spread” is essentially a handicap employed in high-scoring sports for example basketball and football to make games and matches competitive from the bettors’ perspective.
Vig: The portion of all bets that the sportsbook or bookie takes as profit; bookmaker’s commission on losing bets; charges taken on bets by casinos or any gambling establishment. [Origin: Short for “Vigorish”, which is derived from Yiddish slang term “Vyigrish”, the Russian word for “winnings”]
The preceding sports betting vocabulary list could possibly get you started, but it is really just proverbial “tip of the iceberg” when comes to learning just how to actually make money betting on sports. I hope you have found these details useful.