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SB Terminology

Sport betting involves wagering on the outcome of sporting events. There are different types of bets including moneyline bets where you bet on the outright winner without a point spread, point spread bets where points are added to the underdog's score to even out the betting, and over/under bets where you predict if the total combined score will be over or under a set number.

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104 views

SB Terminology

Sport betting involves wagering on the outcome of sporting events. There are different types of bets including moneyline bets where you bet on the outright winner without a point spread, point spread bets where points are added to the underdog's score to even out the betting, and over/under bets where you predict if the total combined score will be over or under a set number.

Uploaded by

albert.881209
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1. What is sport betting?

Bettors pick the result of a sports event. The potential winnings they
stand to win are determined by the odds provided by the sportsbook.
2. Moneyline
In sports betting, the moneyline is a type of wager where you bet on
which team or individual will win a game or match outright, without
considering the point spread. When you place a moneyline bet, you
are simply choosing the team or player you believe will win the contest.
Each team or player is assigned odds, which indicate the payout you
would receive if your bet is successful.

The odds can be positive or negative:


(a)Positive Moneyline (+): This indicates the amount you would win on
a $100 bet. For example, if a team has a moneyline of +150, it means
you would win $150 profit on a $100 bet if that team wins.
(b)Negative Moneyline (-): This indicates the amount you need to bet in
order to win $100. For example, if a team has a moneyline of -200, it
means you would need to bet $200 to win $100 profit if that team wins.

Moneyline betting is straightforward and popular, especially in sports


like baseball, hockey, and soccer, where the scores are typically low,
and point spreads may not be as relevant.
3. Decimal odds and American odds (Money line)
(3-1) American odds is money line
(3-2) Decimal odds
Decimal odds are a common format used in Europe and many other
parts of the world.

Decimal odds represent the total amount that will be returned to you for
a winning bet, including your stake.

For example, decimal odds of 1.50 mean that for every $1 you bet, you
will receive $1.50 back if your bet wins (including your original $1 stake
and $0.5 is profit). The formula to calculate the payout for decimal odds
is simple: Total Payout = Stake × Decimal Odds

4. Point Spread
In sports betting, the point spread is a handicap given to the underdog
team or player to even out the betting field between two unevenly
matched opponents. The point spread is designed to make the outcome
of the wager more even and attractive to bettors by essentially giving
points to the underdog or subtracting points from the favorite.

Here's how it works:


*The favorite in a matchup is indicated by a minus (-) sign, while the underdog is
indicated by a plus (+) sign.
*For example, if Team A is favored by 6.5 points over Team B, the point spread would be
represented as "Team A -6.5" and "Team B +6.5".
*If you bet on Team A to win with a -6.5 point spread, they must win by more than 6.5
points for your bet to be successful.
*If you bet on Team B with a +6.5 point spread, they can either win the game outright or
lose by fewer than 6.5 points for your bet to win.

The purpose of the point spread is to attract equal betting action on both sides of the
wager. Bookmakers set the point spread based on their assessment of the relative strength
of the teams or players involved, as well as other factors such as injuries, home-field
advantage, and historical performance.

Point spreads are commonly used in sports like football and basketball, where the final
scores can be high and betting solely on the winner may not always be attractive due to
uneven matchups.

5. Total Points
Total Points, also known as the Over/Under, is a type of sports betting wager where you
bet on the combined score of both teams or participants in a game or match.

When you place a Total Points bet, you're predicting whether the actual combined score
of both teams or participants will be over or under a specific number set by the
sportsbook. This number is known as the "total" or the "over/under line."

For example, let's say the Total Points for a basketball game is set at 200 points. If you
bet on the Over, you win if the total score of both teams exceeds 200 points. If you bet on
the Under, you win if the total score remains below 200 points.

Total Points betting is popular in various sports, including basketball, football, soccer,
and hockey. It allows bettors to wager on the overall scoring performance of a game
without necessarily predicting the winner or loser.
6. Bottom line:

In sports betting, the term "bottom line" typically refers to the net profit or loss resulting
from your wagers over a period of time. It represents the final outcome after accounting
for all wins, losses, and expenses such as fees or commissions.
For example, if you place several bets and win more money than you initially staked,
your bottom line would show a positive profit. Conversely, if you lose more money than
you win, your bottom line would reflect a negative result.

The bottom line is a key metric in assessing the overall success or failure of your betting
strategy and helps you understand your overall financial performance in sports betting.

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