Dog racing betting terms pk

In this example, Team A would be -. The following is the Asian Handicap:. And so on. Any time that there is a quarter number or two numbers, the wager is split. Agent: A middleman who places wagers at sportsbooks or with local bookies for a commission. Agents also usually handle payment of winnings or collection of losses. Arbitrage: The practice of taking advantage of two different sides on the same game for a guaranteed a profit. This is also known as sure betting.

This is sometimes called a Scalp. Back Door Cover: Points scored late in a contest that have no meaningful effect on the outcome of the game, except to cover the point spread. Betting Line: The point spread or money line. Bookmaker: Formal term for a bookie. It means a company that accepts wagers. Bankroll: Money set aside to gamble with on sports betting. Beef: A dispute or claim a player has with a bookmaker or sports book. Buyback: Money that comes in on one side after the other side is heavily wagered to move the line.

Buying Points: The term refers to the process of obtaining a more favorable line on the team that you wish to bet. This can be done for either a favorite or underdog. The cost of points varies on the size of the bet and other factors. Chalk: The favored team or athlete in a given contest or game. Chalk Bettor: A player who bets a lot on favorites. Circled Game: When the amount that you can bet on a game is limited due to uncertainty. Circled games happen when there is late-breaking news regarding weather, injuries, or other unknown variables.

Circled games will normally have a clear designation. Cover: Beating the point spread and winning your wager. Canadian Line: Another name for a puck line. This is a combination point spread and money line wager on hockey games. Dime Line: A betting line that has a cent difference between the underdog and the favorite. These are most common in baseball. Dog: Slang term for underdog, means a team not favored to win.

Sometimes called a Buck. Degenerate: A compulsive, generally losing sports bettor. Even Money: A bet that has no juice or vig. These include exactas, trifectas and superfectas. Favorite: The team or player that is considered most likely to win according to the oddsmakers.

Five-Inning Line: A wager that is placed on only the first five innings of a baseball game. First Half Bet: Similar to a five-inning line, this bet is only for the first half of a basketball or football game. Freeroll: A situation in betting where you can either push or win, but not lose your bet. Futures: Bets placed on an event taking place sometime in the future.

Halftime Betting: Similar to first half betting, but these are posted at halftime and only involve the outcome of the second half of the game. Handle: The amount of money, in dollar terms, which have been accepted on a game or specific prop. Hedge: Placing a wager that goes against a previous bet to guarantee a profit or minimize risk. Layoff: A wager made by a bookie or sportsbook with another bookie or sportsbook that is done to balance action or reduce exposure. Limit: The maximum amount that can be wagered on a specific game, proposition, parlay or teaser.

Lock: Supposedly an easy winner, but the term is often misused. Linesmaker: A person at a sportsbook that establishes the original betting lines or point spreads. Long Shot: A team that is extremely unlikely to win according to the betting line. Middle: A situation that allows a bettor to win both sides of the same betting market. For example, if a player takes team A at Money Line: Odds for a team or athlete to win outright, regardless of the point spread.

Money Management: Also known as bankroll management. A strategy used by sports bettors to manage their sports betting funds. While these bets are more difficult to correctly select than single selection wagering, multi-selection wagers generally offer greater returns.

See five examples below:. A daily double is similar to a two-team parlay. Example: A quarterback winner in prop one and a running back winner in prop two. A pick three is similar to a three-team parlay. Example: A quarterback winner in prop one, running back winner in prop two and a receiver winner in prop three.

EXACTA: You win if you pick two horses or athletes to finish first and second in the exact order in a single fantasy prop. Futures markets use the abbreviation for betting on the MVP for a specific season or game, e. Nickel Line: A betting line that has a 5-cent difference between the favorite and underdog.

These are much rarer than dime lines. No Action: A bet where no money is lost or won. This can occur on a cancellation or Push. Odds: the likelihood of a certain game outcome that is determined by the bookmaker. Offshore: The organized sports betting industry that operates outside the United States. Off the Board: A game that the sports book has removed from its betting menu. Oddsmaker: Same as a linemaker; someone who established and controls the betting line movements.

A wager on the number of final points scored in a game, quarter or halftime or by a particular team. Overlay: A situation in betting where the odds are higher than they should be on a particular game. This is generally due to public betting action and can be advantageous for sharp bettors.

The odds are consistently updated and presented to the contestants in real-time. Smaller odds 1. Dog is a short way of saying underdog. Underdog refers to the party least likely to win involved in the wager. A Double Action is muli-wager bet. These bets require bets to be won, tied, or pushed for the next bets to be considered. A bet placed on two wagers.

The winnings from the first are rolled over to the second bet. Like parlays, you must win both to win the double bet. Common across most sports, these wagers bet on the winner at halftime and at the end of the game. An example of this would be if the Lakers are winning at half time and The Mavs were winning at full time. Doubleheaders are two games played on the same day between the same two teams. These mainly happen in baseball.

It represents any match that ended in a tie. The original stakes are returned. Bookies regularly offer each-way bets in order to spread the risk for bettors. A win bet and a place bet constitute an Each-way bet. An example of this would be a horse to win and another horse to place in third. An edge is a common term, also used in everyday vocabulary, meaning to have a slight advantage over another.

Even Money is when a wager returns the same amount as the original wager. The bettor may win or lose the same amount as the original risk. Not a good bet. Often referred to as prop bets or special bets, exotic bets are often a wager geared towards being more entertaining. They are normally unrelated to the outcome of a particular event or game. Expected goals, or other scoring systems, represent the number of goals that are predicted to occur in a half or throughout an entire game.

An expected value is something that can be calculated or estimated by bettors and represents the amount a bettor expects to win across a wager or variety of wagers. One of the most common phrases in gambling vocabulary. The favorite is the team or individual most likely to win — the opposite of an underdog.

A fairly self-explanatory type of wager. The bet is on who or which team will likely be ahead during the first half of a particular match or event. The closing line will not change after your bet. Yet another type of odds used to calculate probabilities of bets coming in. Often used in racebooks. Another very common betting market. Futures odds come with a higher level of risk, as there is a much longer time between the bet being paid out than a normal bet made with the event live or approaching in the coming days.

Typically seen as a high risk bet. Wagers that are set at half points represent half-ball handicaps. An example of this could be in Champions League football and a bettor predicts Bayern Munich to win 3. Handicaps are used to level out odds. A handicap ensures the odds are attractive to bettors as they produce a competitive element for both sides of a bet, where possible. Something that is embedded in betting, handicapping is by definition predicting the odds to even a game. The handle represents the maximum a bookmaker will accept on a particular wager, a kind of total betting limit.

Often employed as a betting strategy, hedging your bets refers to betting on the opposite side of the original wager to ensure the bettor wins. Having the home advantage, simply means the team is playing at their stadium, ground, or their usual playing field. Otherwise known as multi-wager bets, they rely on a variety of wagers to win in order to proceed through the bet. These often come about when a knockout tournament is involved.

This has become increasingly popular in the betting industry. A Joint favorite is when at least two units such as players or teams are seen as equally likely to succeed. Juice refers to the commission bookmakers take-off of winning bets. John Kelly is famous within the gambling world, as he was the creator of a formula employed by bettors to try and maximise the value of their bets through statistical predictions. Sportsbooks always set the limits. They are in place to limit the maximum and minimum each player can stake on any bet.

A longshot is as it is in general English vocabulary. It refers to someone betting on an underdog. A high-risk high reward bet, with a low probability of success. A margin refers to two separate things; one is a point spread and the other is the oddsmakers commission on a match.

Moneyline bets are the most popular wager in sports betting. A simple wager. One bet on which individual or team they expect to win or lose. Not based on other aspects of the game, such as score. A multiple, or multi bet is any bet that has multiple wagers within it. They are also known as parlays, combos, or accumulators.

Below are some examples of multis:. Much like a linemaker. The person who decides what the odds will be, with some of the best normally coming out of Las Vegas. When a bet is yet to be posted. Sudden changes to the weather or injuries to players can drastically affect the odds, with bookmakers placing the odds on OTD.

A type of ante or futures bet. Outright bets make a prediction as to the overall outcome of a competition, league, tournament, etc…. An over bet is based on the value set by the oddsmakers, the over is betting on the result to go over the set value. An assessment made of the markets when they are in favor of the bettors, opposed to the bookmakers — as is normal. The bookmakers will fix a certain figure.

From this figure, bettors can wager over or under and the bet will be decided on the resulting score. Power Rankings are common in major American league sports. They are ranking based on a variety of different statistics, based on current form and overall performance.

The price is a figure based on odds and potential rewards. Instead, prop bets focus on more entertaining markets to add value to the viewing experience of a game or event. The puck line is the number of goals that an underdog must stay within or a favorite must win by to cash a winning ticket. What is a push bet? A push is when a bet is tied or drawn, or lands on the spread.

This is when the money is given back to the bettor with no loss or gain in funds. Sports that involve quarters, such as ice hockey, will allow for quarter bets on the first , second, third, and final quarter. This is something you often see in Las Vegas, which is when the bookmaker assigns a number to a bettor. A run line is a handicap, against-the-spread baseball wagering option.

The figure is normally set at 1. You may see it changing on live betting markets. Scalping is an exercise where bettors switch between various sportsbooks in order to take advantage of all the bonus offerings available at each. This is a person within the betting community that is considered to know the game well and invests a good amount of time into gambling. We discussed them before as prop bets, which represent the same thing, a different kind of betting market differing from standard lines such as money lines and parlays.

Two handicapped bets on a single wager that have differing values is otherwise known as a split-ball handicap. This is another name for a bookmaker. Associated with sports rather than casino games or racebook odds. A place where odds are posted, bets are accepted and money is made. This is thought of as a benchmark value used by all bookmakers, the number of points at the end of a game.

A stake is the amount of money you put on a bet. A staking method is a strategy, which allows bettors to budget their bankroll total fuds so that not too much is spent in one sitting. When a bettor has made their selection of bets, they will see a ticket appear on their account. This is where the bookmaker lists all bets from the selection. Often passed on from sharps and tipping sites, a tip is when information or insights are shared about a particular bet.

An under simply represents any wager that ends beneath the set value assigned by the oddsmakers, which is the opposite of an over bet. The underdog is the team or individual who is considered the least likely to win the game or event.

The opposite of a favorite. Have a specific betting question, or looking for an answer when it comes to your sportsbook? We cover everything from withdrawal times to the types of wagers you can place. Welcome bonuses are only available once. In order to make the most of yours, read our guide on sportsbook bonuses here.

Each has a solid track record of paying out money owed. Every sportsbook is also licensed with a remote gaming license in its jurisdiction, which adds a layer of protection for bettors. In the very rare instance that an issue arises, you can bring your grievance to the commission directly. Possible deposit methods vary by which sportsbook you sign up with. This includes which country you are betting from. Examples of this are Bitcoin, eWallets or prepaid credit cards.

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Sports Betting Terms You Should Know If you are in the dark or confused about terms that are frequently used in sports betting.

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