Bet: A wager placed on the outcome of a game or event.
Point Spread: A number set by oddsmakers to level the playing field between two teams. A favorite must win by more than the spread, while an underdog can lose by less than the spread or win outright.
Moneyline: A type of bet where you pick the winner of a game without a point spread. Odds indicate the payout based on the risk.
Over/Under (Totals): A bet on whether the total points scored in a game will be over or under a specified number set by oddsmakers.
Parlay: A bet that combines multiple wagers into one. All selections must win for the bet to pay out, resulting in higher potential payouts.
Teaser: A type of parlay that allows you to adjust the point spread in your favor, but with reduced odds.
Push: A situation where the result of a bet is a tie, leading to the return of the original wager.
Juice (Vig): The commission taken by the sportsbook, typically a percentage of the total wagered amount.
Prop Bet: A wager on specific occurrences or non-occurrences within a game, such as individual player performance or game events.
Futures: Bets placed on the outcome of a season or tournament, such as which team will win the championship.
Bankroll: The total amount of money available for betting.
Chalk: A term for the favored team or player in a matchup.
Longshot: A bet on a less likely outcome with higher odds, offering a bigger payout if successful.
Handle: The total amount of money wagered on a particular event or game.
Closed Bet: A bet that can no longer be placed, typically because the event has started.
In-Play Betting: Wagering on a game while it is in progress, with odds that change in real time.
Sharp: A professional or highly skilled bettor who often wins and can influence betting lines.
Square: A casual or novice bettor who typically bets on favorites or popular teams.
Sucker Bet: A bet that has a high house edge, often considered unwise by seasoned bettors.
Betting Exchange: A platform that allows bettors to bet against each other rather than against a bookmaker.
