Oddsmaker (Linemaker) - Someone who sets the opening line on a game. No Action - A game that is no longer taking bets and all wagers are refunded. Moneyline bet - A bet made if a team will win or lose outright with no point spread. Limit - The maximum allowed wager on a single bet. Juice - A commission books win on each bet. In-game wagers - Bets made after a game started. Hedging - Betting opposite of a previous bet to guarantee winning at least a small amount of money. Handicapping - Researching sports statistics to pick winners. Handle - The total amount of money wagered on a game. An underdog can cover by losing by a number less than the spread or by winning the game outright.Įdge - The advantage a bettor has before a bet is placed.Įven (Even Money) - A $100 bet to win $100.įuture bets - A bet on events that will happen further in the future like who will win a division or who will win a championship well in advance. For a favorite to cover, it must win by a number higher than the spread. Some bettors will bet against the 'public money' (whichever team more bettors have placed their bets on).Ĭover - The betting outcome on a point spread bet. Against the spread - The result of a game including the point spread.īad Beat - A bet that looks like the bettor is going to win but doesn't.īook (Sportsbook) - An place where someone can bet on the outcome of sporting events.Ĭonsensus - Percentage of the betting public on each side of a game.
