We understand that all the jargon can be a little daunting for those only just entering the horse racing world. That’s why we’ve compiled this list of informative post horse racing terms and abbreviations. Odds – The chance offered by Sky Bet on a selection to win. Evens – Odds that mean you get double your stake if your selection wins. Best Odds Guaranteed – A Sky Bet promise that you’ll get paid out at higher odds if the starting price is bigger than the odds were when you placed the bet.
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Regardless, we are going to give you a look at this now little insight into these lines, as we want to give you insight about all of the common types of odds available. In order to best understand these lines, you first need to look at the ratio to 1. In the example above, 4/7 odds is less than 1 and the opposite can be said for the other side as 3/2 is more than 1.
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When a money line is a positive number then the odds are the amount you would win if you were to bet $100 and were correct. For example, a money line of +200 would mean that you would make a profit of $200 if you bet $100 and were correct. That’s also equivalent to fractional odds of 2/1 and decimal odds of 3. The house vigorish — and your chances of winning — get worse with the more teams you add.
A bet where bettors aren’t necessarily restricted to just one bet. You can tie at least two together and all the events need to happen to get the payoff. It’s hard to pull off, but it comes with a potentially massive payday. Cashing tickets on both sides of a betting option when a point spread moves up or down prior to a match. This is when a game falls exactly on the spread, not over or under.
More Meanings Of Betting
A puckline is what a spread is called in the NHL, while a runline is associated with MLB betting. There are instances in both the NHL and MLB where you see a 2.5-point runline or puckline but those are few and far between, typically between your league leader and a cellar-dweller. As you can see, Dallas is the 4.5-point favorite, which means the Cowboys would need to win the game by five points or more to win the bet. Conversely, New York is a 4.5-point underdog, which means to win the bet the Giants would need to win outright or not lose the game by more than four points. Be sure to check out our sports betting glossary to assist you with some of the terms used in our sports betting guides.
Called “game total” betting, sportsbooks will set a number at the total (like 42.5 for an NFL game) and you can bet over or under. If the number of points exceeds the total, the over wins. Once a bet has been placed it cannot be canceled by the bettor.
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As with most things in life, the world of wagering has a lot of terms and slang that represent something specific within the sports betting universe. Underdog – The team which is expected to lose the match. For example, Ireland was a huge underdog when they managed to win in the ICC World Cup match against the West Indies two years ago. Top Team Batsman – The winning bet in this market is the batsman with the most runs in a match, but only one of the teams is taken into consideration.
In the above example, let’s assume Bettor A wagers $110 to win $100 on the Cowboys, while Bettor B wagers $110 to win $100 on the Giants. The sportsbook has taken $220 in wagers on this game, but will pay out $210 to the winner . The $10 the sportsbook keeps is basically collected from the losing wager, and this is the most significant house edge it holds over the players. Moneyline – In sports like baseball, soccer and hockey, there are so few runs/goals scored that it doesn’t make sense to only offer a spread.