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If you're new to sports betting, the world of gambling can be a bit overwhelming. One of the biggest obstacles is understanding the terminology that is used. You can get more details here https://legalbet.uk/betting-offers/
However, to help you get started, we've compiled a list of common sports betting terms and their definitions.
Action
This term refers to any bets that are placed on a game. You might hear someone say, "I've got some action on the Lakers game tonight."
Bankroll
Your bankroll is the amount of money you have set aside specifically for betting. It's important to manage your bankroll wisely to avoid losing more than you can afford.
Chalk
This term is used to refer to the favorite team in a game. For example, if the Lakers are playing the Knicks, the Lakers would be considered the chalk.
Handicapping
This is the process of analyzing a game to determine which team is likely to win. Handicappers look at factors like injuries, team history, and performance to make their predictions.
Juice
Also known as "vigorish" or "vig," juice refers to the commission that a bookmaker takes on each bet. It's usually around 10% of the wager.
Moneyline
A money line bet is a wager on which team will win a game outright. Odds are assigned to each team to reflect their chances of winning.
Total bet
This is a gamble on how many points, runs, or goals are scored in a game. You wager on whether the total will be greater than or less than a specified number established by the bookmaker.
Parlay
A parlay bet is a combination of two or more bets. All bets in the parlay must win for the bettor to collect a payout.
Point Spread
This is a bet in which the underdog team is granted a handicap to level the playing field. For the wager to be paid off, the favorite team must win by a specified amount of points.
Sharp
A "sharp" bettor is someone who is considered to be an expert in sports betting. Sharps typically place large bets and are known for their winning records.
Square
In contrast to a sharp, a "square" bettor is someone who is inexperienced or doesn't know much about sports betting.
Underdog
The underdog team is the one that is expected to lose. Betting on the underdog can be more profitable since the odds are usually better.
Unit
A unit is a standard amount of money that a bettor uses to wager. For example, you might bet one unit on a game, which could be $10, $20, or any other amount you choose.
Other betting terms you should know
"Tailing a bet" means copying or following someone else's bet. This is often done by bettors who lack confidence in their analysis or who believe the other bettor has inside information.
A "dime bettor" is a term used to describe a bettor who wagers $1,000 on a single bet. This term is used because the bet size is equal to one-tenth of $10,000, also known as a "dime." Dime bettors are considered to be high rollers in the sports betting world and are often closely monitored by bookmakers.