If both teams combine to score more than the total, the over wins. If they combine to score fewer, the under wins. Parlay — When a bettor makes multiple bets at least two and ties them together, you need multiple events to all win for higher payouts. This is a risky proposition, but potentially very lucrative.
In spread based sports like basketball or football, this is a line of 0. Prop Bet — A bet on something other than the outcome of a game. Public Betting Percentage — Also referred to as public betting trends, we offer real betting percentages from seven contributing sportsbooks. These numbers represent real bets placed at real sportsbooks. These percentages are integral for our betting against the public philosophy.
Push — When a contest ends without a winner. In a moneyline sport this happens if the game ended in a tie. In a spread sport, this happens if the favorite wins by the exact spread. Real Time Odds — Live lines that update immediately as sportsbooks adjust their lines.
Reverse-Line Movement — Betting line movement that contradicts the public betting percentages. This indicates that sharp money is taking Team B. This alternative allows you to add runs for the underdog, or subtract them from the favorite. This means that a favorite has to win by at least two runs for you to win your bet, while an underdog could either lose by one run or win straight-up to win the bet. The benefit of this is that you can bet more lucrative lines on favorites, but because baseball and hockey are such low-scoring games, this can be a risky proposition.
Steam Move — A sudden, drastic and uniform line movement across the entire sports betting marketplace. Teaser — A special bet in which you are able to adjust the point spread or total for a game. The more you change the spread, the lower the payout becomes.
Tout — An individual who sells their picks or their sports betting expertise to others. Now that you have a better understanding of some key sports betting terms, where should you be looking to place your wagers? The short answer: The sportsbook with the most advantageous odds. Luckily, since the U. Supreme Court overturned the federal ban on sports betting in May , multiple states have launched robust mobile betting operations.
To get a complete rundown on where legal betting stands in your state, check out our complete guide here , but the main states to know for online betting are Colorado , New Jersey , Pennsylvania , Indiana and West Virginia. Sports Betting. Best Books. PJ Walsh. Download App. Bankroll — The available funds you have to bet with. FDSportsbook on Twitter. Pictured: FanDuel Sportsbook Bookmaker — A person who is licensed to create betting lines and take wagers. Follow PJ Walsh. Top Offers. Follow Us On Social.
Financial spread betting might seem easy in concept, it is a notoriously difficult art to master, and one which requires both an intimate understanding of how transactions work, the function of markets and the tools in the arsenal to help traders respond to different situations. While there is no substitute for raw experience, having the knowledge and understanding of your instrument of choice is the first positive step towards becoming a profitable trader with long term prospects.
As distinct from regular share trading, spread betting has a number of key benefits, and offers consistent advantages over share dealing in terms of the sheer flexibility and the swift, sharp nature of returns that can be delivered. Leverage plays a key role, making transactions both significantly more profitable and significantly more risky, and the burden of leverage is not one to be accepted lightly.
In spread betting, unlike other forms of trading, leverage is inevitable and unavoidable. However, by taking care to ensure you understand the full implications of each transaction, and by identifying and managing the risks of each trade, it is possible to overcome the hurdles of leverage, and to apply it to your advantage.
Markets are the engine of spread bets and all financial trading, and provide the basis for placing trades. The manner in which they behave and respond to certain changes provides the volatility necessary for financial spread trading to succeed, and by understanding their inner workings, traders can come a couple of steps closer to realising their potential.
Similarly, orders remain the core tools of spread bettors, implementing their instructions and delivering the flexibility necessary to guard against unwarranted risks and execute automatic trading decisions conditional on market behaviours. By understanding the way in which markets and orders interact, and the specifics of each order type, we can start to build up a picture of how the tools of the trade can be used to protect capital, maximise profits and lower the risk profile on this otherwise highly risky trading style.
Financial spread betting can be an exciting, fast-moving form of trading, and allows ordinary people from all walks of life to access the markets with very low barriers to entry. That said, the markets take no prisoners, and only by being proactive in your research, planning and strategy efforts can you give yourself the best shot at generating a consistent, aggregate profit from your trading activity. When making a financial spread bet, a trader will decide on a certain amount of money to risk.
With any type of financial trade, you have to pay in order to play. Because the cost of the spread is factored into any trade, the broker is always at an advantage. Because the ask price is always above the current market price and the bid price is always below, traders have to pay the difference before they even enter the market.
The current spread is based on a number of factors, including the current spot or futures rate, current market liquidity, the bet size, and spreads quoted by competing brokers. At the end of the day, the size of the spread is set by the company you choose to trade with. While the house always makes money, it makes sense to research first in order to find a competitive broker with low spreads. To offer a more detailed example, if the FTSE stands at , the provider may offer you a bid price of and an offer price of However, you pay the spread whether you win or lose, an important point that all traders should never forget.
Typically around a few percent of the value of the underlying asset margin can be much lower on popular markets , the margin is used by brokers as a way to ensure there is no risk of real loss. However, waiting for a margin call is a very bad way to trade, with most people setting up stop loss orders to close out trades at specific levels. Normal orders are not percent safe, however, especially when the market is moving so fast that lots of orders are triggered at the same time.
Luckily, a number of companies offer guaranteed stop loss orders, where traders pay either a slightly higher spread or an extra fee as a way to insure themselves during times of high volatility. Stop loss orders are just as important as take profit orders, and the ratio between them is a significant part of all successful trading systems.
The following illustration of spread betting pricing explains the basics of how spread betting transactions work. The FTSE opens at Amidst increasingly positive economic indicators and a number of key announcements pending, you conclude that the FTSE will rise on the day, and want to enter into the spread market for it. At the point where the FTSE sits at , your broker may quote pricing at What does this mean? The prices given reflect the buy and sell prices of the market.
Lock: A bet that cannot lose; a term that is often misused and abused by disreputable touts. Match-up proposition: A betting option that pits two players against one another in a contest or event, often used in golf and auto racing wagering. Middle: A situation in which you bet both sides in a game and win both bets, due to favorable line moves.
If the favorite wins by exactly 3 points, both bets win. Money line: The odds on a team winning a game outright, regardless of the point spread. Money management: Any strategy used by a bettor for making the most of his bankroll. Offshore: Designation for the organized sports betting industry outside of the United States. Out: A place to get bets down, whether it's a Nevada sports book, offshore book or illegal bookmaker.
Parlay: A bet in which two or more events must happen in order to win; if any one of them does not happen, the wager loses. Pay by mail: How sports books usually pay off winning tickets to tourists who make a bet while visiting Nevada, then return to their home state before they have a chance to cash them. Pleaser: A specialized form of a parlay that improves the point spread for the book but pays off at improved odds. Point spread: The number of points added to or subtracted from a team's actual score for betting purposes.
Power rating: A numerical representation of a team's strength for betting purposes. Public: Average, unsophisticated or casual bettors as a whole; or, used to describe money bet by the public "a lot of public money came in on the Cowboys" ; see "square. Rotation: The official list of all the games on the betting board, presented in a specific order.
Round robin: A specialized form of a parlay that uses every combination of a set of teams in a wager. For example, there would be six two-team parlays within a four-team round robin. Scalp: A form of a middle in which you bet both sides in a game, taking advantage of line movements to secure a profit.
Sharp: Savvy, highly informed; or, used to describe the money bet by sharp players "a lot of sharp money came in on the Eagles". Side: A variation of a middle in which you win one bet and push the other; also, a particular team in a match-up. Square: An unsophisticated or casual bettor, the opposite of a wise guy; see "public. Takeback: On a money line, the price of the underdog. In baseball, if the favorite is minus , the "takeback" on the underdog is often plus Teaser: A specialized form of a parlay that improves the point spread for the bettor but pays off at reduced odds.
Totals: A type of wager that involves whether a score or result will go over or under a posted number. Tourist: A typical visitor to Las Vegas, almost always used as another way to say "square. With a cent line, if the favorite is minus , the underdog is even money. Underdog: A team or player that, according to the odds, is the weaker or among the weakest in a given match-up, or is regarded as such by the betting public, or is expected to lose.
Wise guy: A sharp, successful, established professional sports bettor. Wood: The price of a heavy favorite. If you bet the Red Sox as a minus favorite, you "lay the wood" with the Red Sox. The toolbar contains the following The AudioEye Help Desk to report accessibility and usability related issues.
Please click here if you are not redirected within a few seconds. Search Las Vegas Shows Start date. End date. Bankroll: Total capital available for betting sports. Buck: See "dollar. Chalk: A favorite, usually a heavy favorite. Chalk eaters: Bettors who like to bet big favorites often a derogatory term.
Dog: See "underdog. Freeroll: A bet you can win or push but not lose. Hook: A half-point in the betting spread. Juice: See "vigorish. This indicates that Alphabet is a highly liquid stock, with considerable trading volume. The spread trade is also called the relative value trade. Spread trades are the act of purchasing one security and selling another related security as a unit. Usually, spread trades are done with options or futures contracts.
These trades are executed to produce an overall net trade with a positive value called the spread. Spreads are priced as a unit or as pairs in future exchanges to ensure the simultaneous buying and selling of a security. Doing so eliminates execution risk wherein one part of the pair executes but another part fails. The yield spread is also called the credit spread. The yield spread shows the difference between the quoted rates of return between two different investment vehicles.
These vehicles usually differ regarding credit quality. This adjusted price is called option-adjusted spread. This is usually used for mortgage-backed securities MBS , bonds, interest rate derivatives and options. For securities with cash flows that are separate from future interest rate movements, the option-adjusted spread becomes the same as the Z-spread. The Z-spread is used for mortgage-backed securities. It is the spread that results from zero-coupon treasury yield curves which are needed for discounting pre-determined cash flow schedule to reach its current market price.
This kind of spread is also used in credit default swaps CDS to measure credit spread. Trading Instruments. Your Money. Personal Finance. Your Practice. Popular Courses. What Is a Spread? Compare Accounts.
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Archived from the original PDF on July 23, Journal of Prediction Markets. Retrieved May 9, Chris Christie: "Let them try to stop us" from sports betting". Associated Press. May 25, A Nation of Bettors? The National Law Review. Retrieved May 27, November The New York Times. Retrieved September 28, The Washington Post. September 26, Legal Sports Report. November 12, Retrieved May 31, Retrieved June 5, Kim Reynolds approves bill to legalize sports betting in Iowa".
Detroit Free Press. Retrieved January 29, Bleacher Report. Retrieved August 9, April 18, Sports Handle. Retrieved May 8, Retrieved July 13, Retrieved July 13, — via Twitter. Asbury Park Press. Retrieved January 23, Pittsburgh Post-Gazette. Retrieved November 21, Retrieved January 22, Retrieved January 15, The Tennessean. Hello Rookie. Retrieved September 8, Retrieved May 14, June 11, Retrieved June 19, Senate committee passes budget bill". Providence, RI: Providence Journal.
Delaware Lottery. NJ Online Gambling. Retrieved July 31, June 14, Archived from the original on June 20, May 31, April 16, Retrieved April 16, The Philadelphia Inquirer. Retrieved November 2, Penn Live. Retrieved July 2, October 26, March 30, July 19, March 15, Retrieved October 2, A quick recap of Oliver Luck on radio row.
Retrieved February 6, February 8, Retrieved February 13, The Football Association. Retrieved January 26, World Baseball Softball Confederation. Downloadable from the ICC here. May 26, Retrieved June 22, June 19, Retrieved November 7, Retrieved October 20, Applied Computing and Informatics. Barmy Army Beer wench Beer snake Sledging.
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New York. July 17, . North Carolina. July 26, ; tribal casinos only; mobile betting not allowed; not implemented yet . North Dakota. November 16, . Rhode Island. November 26, . South Carolina. South Dakota. Limited to the city of Deadwood ; allowed constitutionally as of November 3, , not yet authorized by law . April 30, ; not effective yet; allows only online betting . July 1, . West Virginia. August 30, . Beard: A person who is betting someone else's money for that other person; a messenger.
Board: A presentation of all the games and events available for betting in a sports book. If wagers are being taken on a game, the game is "on the board," otherwise it is "off the board. Buyback: The money that comes in on the underdog after a favorite is bet heavily enough to move the line. Circled game: A game in which the sports book has reduced its betting limits, usually because of weather or the uncertain status of injured players.
Cover: Winning against the point spread. A point underdog that loses has covered, or "covered the spread. Dime line: A betting line with a cent straddle, often used in baseball. With a dime line, if the favorite is minus , the underdog is plus Exposure: The degree of risk that a sports book will lose money on a given game, result or proposition. If a book is "highly exposed" on the Cubs in World Series futures betting, it will lose a lot of money to bettors if the Cubs win the World Series.
Fade: To take the opposite side of another bettor's wager or to accept that bet yourself. Favorite: A team or player that, according to the odds, is the stronger or strongest in a given match-up or is regarded as such by the betting public or is expected to win. First-half betting: Wagers that involve the outcome of the first half of a game only. Futures: A type of wager involving the outcome of a season or how a particular team or player will perform over the course of a season.
Halftime betting: Wagers, based on betting lines posted at halftime, which involve the outcome of the second half of a game only. Handicap: To study and research sports in order to make predictions on the results of upcoming games and events. Handle: The amount of money in wagers accepted.
Hedge: To make a bet that takes the opposite side of your original position, usually to reduce risk or lock in some profit. Layoff: A type of wager made by one bookmaker with another, often larger, bookmaker in order to balance action or reduce risk. Lock: A bet that cannot lose; a term that is often misused and abused by disreputable touts. Match-up proposition: A betting option that pits two players against one another in a contest or event, often used in golf and auto racing wagering.
Middle: A situation in which you bet both sides in a game and win both bets, due to favorable line moves. If the favorite wins by exactly 3 points, both bets win. Money line: The odds on a team winning a game outright, regardless of the point spread. Money management: Any strategy used by a bettor for making the most of his bankroll. Offshore: Designation for the organized sports betting industry outside of the United States. Out: A place to get bets down, whether it's a Nevada sports book, offshore book or illegal bookmaker.
Parlay: A bet in which two or more events must happen in order to win; if any one of them does not happen, the wager loses. Pay by mail: How sports books usually pay off winning tickets to tourists who make a bet while visiting Nevada, then return to their home state before they have a chance to cash them.
Pleaser: A specialized form of a parlay that improves the point spread for the book but pays off at improved odds. Point spread: The number of points added to or subtracted from a team's actual score for betting purposes. Power rating: A numerical representation of a team's strength for betting purposes. Public: Average, unsophisticated or casual bettors as a whole; or, used to describe money bet by the public "a lot of public money came in on the Cowboys" ; see "square. Rotation: The official list of all the games on the betting board, presented in a specific order.
Round robin: A specialized form of a parlay that uses every combination of a set of teams in a wager. For example, there would be six two-team parlays within a four-team round robin. Scalp: A form of a middle in which you bet both sides in a game, taking advantage of line movements to secure a profit. Sharp: Savvy, highly informed; or, used to describe the money bet by sharp players "a lot of sharp money came in on the Eagles".
Side: A variation of a middle in which you win one bet and push the other; also, a particular team in a match-up. Square: An unsophisticated or casual bettor, the opposite of a wise guy; see "public. Takeback: On a money line, the price of the underdog.
In baseball, if the favorite is minus , the "takeback" on the underdog is often plus
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Personal Finance. Your Practice. Popular Courses. What is Spread Betting? Key Takeaways Spread betting refers to speculating on the direction of a financial market without actually owning the underlying security. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
Related Terms Futures Futures are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price. Forex Spread Betting Definition Forex spread betting allows speculation on the movements of the selected currency without actually transacting in the foreign exchange market.
Position A position is the amount of a security, commodity or currency which is owned by an individual, dealer, institution, or other fiscal entity. Positions can be long or short. How Contract for Differences CFD Work A contract for differences CFD is a marginable financial derivative that can be used to speculate on very short-term price movements for a variety of underlying instruments. Derivative A derivative is a securitized contract between two or more parties whose value is dependent upon or derived from one or more underlying assets.
Its price is determined by fluctuations in that asset, which can be stocks, bonds, currencies, commodities, or market indexes. It yields a profit if the asset's price moves dramatically either up or down. Some people use it synonymous with "bookmaker" and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.
Off the board : When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating. Also used in prop bets. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line.
The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner. Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog. Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain.
Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager.
Steam : When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions. Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread.
Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager. Total : The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total.
Tout service : a person or group of people who either sells or gives away picks on games or events. Underdog : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount ATS , or get better than even-money odds that it will win the game outright. Skip to navigation. Betting: Glossary of common terms. Kansas City Chiefs. Bucs equal bucks as U. Tampa Bay Buccaneers. Sportsbook offers refunds after Reed controversy.
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