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A bet where a team is able to beat the spread that has been assigned to them before the game. E.g. A NFL favourite winning by 10 when the spread was -7 or an underdog losing by 3 when they were +7
Towers Gambling Games: All You Need to Know
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Double
A bet which consists of two selections, both of which must win
Drift
When a team or players’ odds are getting bigger, they are generally described as drifting in the market e.g. if a player is priced at +2000 to win a golf tournament but ends up moving to +3000
Edge
The process of finding an advantage over the market in sports betting e.g. “I believe I have an edge betting on college basketball totals”
Exotic
A bet that isn’t a mainstream market such as the spread or total. Typically these bets are much more specific, available at longer odds and could include some element of novelty
Fixed
A match where the outcome is already known by some or manipulated in order for certain people to benefit financially
Futures
Lines or markets that refer to events that are happening in the medium or long term. E.g. a team to win the Super Bowl or a player to score the most rushing touchdowns over a season
Halftime bet
A wager that is only focused on the outcome of the first half of a game such as a halftime handicap, or total points in the first half
Handicapper
Someone who analyses and attempts to get the better of sports betting markets using the information available to them
Handle
The amount of money wagered by players at a particular sportsbook over a certain period of time. This is often broken down by state, sport or event
Hedging
A method of betting on multiple outcomes in a particular game or contest to either minimize losses or guarantee a profit. This can sometimes be most effective by taking advantage of line movements and betting on different outcomes accordingly
High roller
Someone wagering large amounts of money in a casino or sportsbook
Hook
A way to refer to a half point when betting on spreads or totals. Usually, this is the additional half point that moves the line off a perceived key number, especially in the NFL. E.g. -3.5 points could be referred to as “three points and the hook”
In-game wagering
Bets that are made once the game is underway, sometimes referred to as live or in-play betting, depending on which sportsbook you are using
Juice
The bookmaker edge applied to a given bet, also known as the vig. Often you can see some lines which are more “juiced” up than others. For example a 3 point handicap which is available at -125 instead of the usual -110 could be referred to as a line with lots of juice