Gaming Strategies

Sports Betting 101: The Sports Betting Terms You Need to Know

Super Bowl Sunday is right around the corner! It’s one of the biggest betting events of the year, so it’s time to pick your team and get your money ready. 

Before calling your bookie, there are some important gambling terms you should know that will help you understand the lingo. Because the more you understand about the language of betting, the more confident you’ll about your risking your cash.

Let’s take a look at a handful of sports betting terms that will help you strut around like Tony Soprano.

Sports Betting 101: The Sports Betting Terms You Need to Know

Getting ready to bet on the Super Bowl? Before you make your bet, you need to know how to talk the talk. Here are the sports betting terms you’d better know.

Halftime Bet

This is a bet that’s made after the end of the first half and before the second half begins. The oddsmaker typically makes adjustments based on the results of the first half. So you’ll want to get your bet placed before the start of the halftime show.

Cover

This is the betting result on a point-spread wager. In order for the favorite to cover, it must win by more points than the spread. And in order for the underdog to cover, it must win outright or lose by less than the spread.

Hedging

This is the art of betting the opposite side of your original bet. It’s simply a way of minimizing potential losses. 

Money Line 

This is a bet for which your team simply needs to win. Instead of a point spread, you are playing the odds.

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Off the Board

This the point in time when the bookie is no longer accepting action on a game or event. It can happen at any time, such as if an injury occurs right before a game, or if a player is unexpectedly suspended.

Steam

This is the term for when a line is moving unusually fast. It can happen for a number of reasons. Sometimes a syndicate of bettors are all placing their bets at the same time, or perhaps a handicapper influences a number of followers to jump in, or there’s a dramatic change in the weather.

Over/Under

This is a term that can be used to describe combined points of both teams in a game, such as 35. Or it could be another figure, such as the number of games a particular team will win over the course of a season, such as 10.

Edge

This is an advantage. For example, a bettor might feel she has an edge if she has information on a team or player that the book isn’t aware of.

Being a Smart Gambler

These sports betting terms will help you navigate the exciting, fast-paced world of sports gambling. Understanding betting odds and the terminology used in gambling will make you a smarter gambler, and will definitely make watching the Super Bowl even more fun than ever before! Have fun and win big!

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