Accumulator is a type of bet that combines multiple selections into a single wager, where all selections must win for the bet to be successful.
Action refers to the total amount of bets placed on a game or sporting event. It can also indicate how bets are settled. For instance, when we say “all action,” it means that every bet will be settled, regardless of the outcome.
American Odds indicate the amount you need to wager or can win based on increments of $100. If the odds for a particular selection are -110, it means that in order to make a profit of $100, you would need to bet $110. On the other hand, if the odds are +110, a wager of $100 would result in a profit of $110. With American odds, the wagered amount is added to the payout after the initial calculation.
ATS stands for Against the Spread and is used to determine the result of an event when considering the Point Spread.
Backdoor Cover refers to the act of covering the Point Spread with late “meaningless” points being scored in a game.
A Bad Beat is a term used to describe a tough loss on a bet that seemed like a win before a sudden turnaround in the game or contest.
Bankroll is the total amount of money a bettor has set aside for betting purposes.
The Bet Slip is comparable to a “cart” in a Sportsbook. It is an area where selected picks are listed, and you enter the wager amount(s) before confirming your bet(s).
A Bet Receipt is a confirmed “ticket” that serves as proof of a placed bet. Each bet receipt includes confirmation of selections, odds, results, and a unique identifier to differentiate one bet from another.
A Bonus Bet is a “token” that can be used instead of real money for wagering on the DraftKings Sportsbook platform.
Book is short for “Sportsbook,” which is an establishment that accepts wagers on sporting events.
Buying Points refers to when a bettor accepts different odds in order to adjust the Point Spread or Total on a game.
The Cash Out feature allows you to settle a bet before the final outcome is determined, enabling you to secure a portion of your winnings or minimize your losses.
Chalk refers to the favored team or athlete, also known as the favorite.
A Correct Score bet is placed on predicting the exact score of a match or event at either full time or halftime.
Covering the Spread occurs when a team wins by a margin large enough to beat the Point Spread. In this case, the team is said to “cover the spread.”
Decimal odds represent the odds of an outcome expressed as a decimal number. The total odds are calculated by multiplying the odds of each selection by the wager amount to determine the potential return for the player. For example, in a two-selection parlay with decimal odds of 1.50 and 3.00, and a $10 wager, the return would be $45 ($35 profit plus the $10 wager).
Dead Heat refers to a situation where two or more participants finish with the same results. In such cases, the bet is settled based on specific “Dead Heat Reduction Rules” for that event.
Dead Heat Reduction Rules
Dead Heat Reduction Rules involve dividing the wager amount proportionally among the winners in the event. For example, in a two-way tie or Dead Heat, the return would be half of the originally projected amount on the Bet Slip at the time of placement.
Dog, short for Underdog, refers to the team or outcome expected to lose in a game.
Double Chance allows bettors to place a bet on two possible outcomes of a match or event when three outcomes are possible. The options include Home/Draw, Home/Away, and Draw/Away.
Double Result (Half Time/Full Time)
The option of ‘Half Time/Full Time’ odds allows you to place bets on the outcomes at halftime and the final result of an event. For instance, if the score is tied at 45-45 during halftime and the match concludes with a score of 103-101, the winning outcome would be a Tie/Away Team (referring to the team that scored 103 points). If the regular time of the match is played in a format different from the ones listed in the bet (other than two halves), the bet becomes void. In baseball, halftime is defined as the first 5 innings of a game, and for hockey, Period Betting is available, including 1st Period Result and 60 Minute Result.
Even Money is a type of bet that yields a profit equal to the initial wager. For example, if you place a bet of $100 and receive a $200 return, the profit would also be $100. These odds are commonly denoted as +100 (American) or 2.00 (Decimal).
The favorite refers to the team or athlete that is expected to win a particular event.
A forecast wager involves placing a bet on the predicted order of finish for two or more selections. For instance, in the US Open Golf tournament, a Forecast wager would involve selecting Rory McIlroy to win, Tiger Woods to come second, and Dustin Johnson to finish third.
Futures are odds available for events that will take place in the future, where multiple events may occur to determine the final outcome. These odds are offered well in advance of the season or tournament and are continuously adjusted as events unfold.
‘Grand Salami’ allows you to bet on the total number of specified occurrences, such as total runs or total goals, happening across a collection of events on a given day. All relevant events must be completed for bets to stand, except for outcomes that have already been decided prior to the abandonment and cannot be changed regardless of future events. Such outcomes will be settled according to the decided result.
A method of assigning an advantage or disadvantage to a team or player to level the playing field. It is commonly used in sports betting.
Hedging refers to the act of placing a bet on the opposite side of a current wager in order to minimize losses or secure a small profit.
Laying the Points
‘Laying the Points’ involves betting on the opposite side of a current wager to minimize losses or guarantee a small profit.
‘Lines’ is another term used to describe the Point Spread, Total, or Money Line in betting.
When ‘Listed Pitchers’ accompanies a baseball bet, it means that the specified pitchers must start the game for the bet to be valid. If one or both of the listed pitchers do not start, the bets will be voided or canceled.
Live Betting refers to placing bets while an event is in progress.
The term ‘Lock’ refers to the favored team or athlete that is considered a sure bet to win.
A ‘Long Shot’ refers to the underdog team or athlete that is considered highly unlikely to win.
The Money Line represents the odds for determining the winner of an event, i.e., ‘Who will win?’
‘No Action’ refers to a wager that is canceled or voided, with the money refunded to users.
Odds are numerical values that express the probability of an event occurring. They are also referred to as the ‘Price’ of the outcomes. These values are used to calculate the potential return on a wager.
Off the Board (OTB)
‘Off the Board’ refers to a scheduled game that does not have odds listed due to various circumstances.
Over/Unders are betting options that involve predicting whether a statistical category, such as the Final Score, Individual Team Score, or Player Stats, will be above (Over) or below (Under) a specified value.
A Parlay bet is a wager placed on multiple outcomes, all of which must occur for the bet to be successful. The odds for each selection in the Parlay are multiplied together to determine the overall odds of the bet. For instance, if New England has -190 odds and New York has +145 odds, combining them in a Parlay would result in +275 odds.
A Pick’Em is a betting offer where there is no clear favorite or underdog. This typically occurs in Point Spread bets where the line is set at 0 points, meaning the winner of the game will also win the Point Spread.
Point Spread odds involve applying a handicap (+ or -) to each outcome in a game. The handicap, often referred to as the “line,” is a specific number of points added to or subtracted from a team’s final score. The team that covers the Point Spread based on the line and the final score is considered the winner.
Potential Win represents the amount that could be returned to the bettor on a placed wager before the settlement or announcement of results. It is calculated based on the odds of the selections, the type of bet, and the amount wagered.
A Profit Boost is a promotional feature that allows bettors to increase the odds of a specific selection. This boost is based on certain qualification criteria and conditions set by the bookmaker.
Prop Bets come in various forms and are related to specific outcomes in a game (Game Props) or individual player performance (Player Props). They allow bettors to wager on specific events or scenarios within a game.
In hockey, the Puck Line is a Point Spread listed with a line of 1.5 goals. The associated odds are provided for both the favorite and the underdog, indicating the expected goal difference between the two teams.
A Push occurs when the outcome of a bet neither wins nor loses. In such cases, bets are returned or refunded to the bettors.
Related Contingencies refer to picks or selections that cannot be combined in a bet due to a correlation between them. Bookmakers may offer combined selections with appropriate odds based on their correlation, such as Money Line/Total Points Double odds.
Return represents the amount that is returned to the bettor on a placed wager after the settlement and announcement of results. It is determined based on the odds of the selections, the type of bet, and the amount wagered.
A Reverse Forecast involves placing two bets on two selections to finish first and second in any order. It allows bettors to win regardless of the specific order in which their chosen selections finish.
In baseball, the Run Line is a Point Spread listed with a line of 1.5 runs. The associated odds are provided for both the favorite and the underdog, indicating the expected run difference between the two teams.
A Selection, also referred to as a Pick, is an outcome chosen for betting, accompanied by the associated odds. Bettors can add selections to their Bet Slip for the purpose of placing wagers.
A Singles bet, also known as a Straight bet, is a wager placed on a specific outcome to occur. Multiple Singles bets can be placed simultaneously, with each bet dependent only on the individual outcome being wagered upon.
Spread is a term used as a shorthand for Point Spread, which refers to the predicted margin of victory or defeat in a game.
Steam occurs when there is a significant increase in wagers placed on a Point Spread or Title, resulting in adjustments to the betting line.
Taking the Points
Taking the Points involves betting on the underdog to cover the Point Spread by receiving additional points in their favor.
A Teaser is a type of parlay bet placed on multiple Point Spreads or Totals. In a Teaser, the line is adjusted or “teased” to the bettor’s advantage, but this results in a lower potential payout.
A Tri-Bet, also known as Win-Draw-Win, requires predicting one of three possible outcomes in a sports event. In sports where a tie is possible, the selection for a tie is included. In sports where a tie is not possible, a range is set where any result within a particular win margin is considered a tie.
An Underdog refers to the team or outcome that is expected to lose in a game or event. It is often referred to as the “Dog” for short.
Vigorish or Vig isthe commission or fee charged by the bookmaker on losing bets. It is also referred to as “juice” or “take.”The commission or fee charged by the bookmaker on losing bets. It is also referred to as “juice” or “take.”
When a bet results in neither outcome being correct, it is considered void. In such cases, bets are returned or refunded to the bettors.
A Wager, also known as the stake, is the amount of money placed on a bet. The wagered amount, along with the selected odds, determines the total value of the placed bet.
A Win/Place, or Each Way (EW) bet, requires the chosen selection to either win the event or place within the payout terms. This type of bet is divided into two parts: the “Win” part and the “Place” part, each having an equal stake or wager. Settlement of such bets takes into account the specific rules governing the Win and Place bets, including any applicable Dead Heat Reductions.