Sports Betting. Basic betting terms[ 16.09.16 ]
Bankroll is the amount of money a bettor uses to place sports bets.
Bookmaker is a company/organization that sets odds, takes sports bets, and makes payouts to winners.
Sure thing is a sports event with an easily predictable outcome. Usually, such sports events tend to have low odds.
Arbitrage betting is a popular betting strategy according to which a bettor places bets on different outcomes of the same sports event to secure guaranteed profits.
Void bet is a stake returned to a bettor by a bookmaker in a number of cases (e.g, if the game ended in a draw or was cancelled).
Martingale is a widely used sports betting strategy according to which a bettor increases their bet after every loss till the bet finally wins.
Bettors are people who place bets with bookmakers.
Odds are the probability of a certain team/athlete winning the game. To calculate your potential profits, you need to multiply your sports bet by the odds.
Betting line is a range of sports events and outcomes and their respective odds offered by betting websites.
Sports bet is the amount of money you wager on a certain sports outcome. If your bet wins, you need to multiply your bet by the odds to find out how much you earned. If your bet loses, your bet is taken by a bookmaker.
Favorite is a strong team or an athlete which is expected by the majority to win the game.
Handicap is an advantage given to a weaker team/athlete to even competitors’ winning chances.
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