Quick Start to Betting
Welcome to the sports betting community! From spreads to props, we are a one stop shop for all things betting education. Below is a quick guide to betting terminology if you are just getting started. For more complex questions, or just to chat, feel free to get in touch with us!
What is a Money Line Bet?
A Moneyline bet is a type of sports bet where a person places a wager on the outcome of a single game or event, typically in North American sports. The bettor simply picks the winning team, and the odds are set based on each team's perceived strength. Moneyline odds will either be positive (indicating an underdog) or negative (indicating a favorite), and the payout is determined based on the odds. For example, if a team has odds of -150, a bettor would need to wager $150 to win $100. If a team has odds of +150, a bettor would win $150 for every $100 bet.
Spread Bets
A betting spread, also known as a "point spread" or simply "spread," is a type of wager used in sports betting to even the playing field between two evenly matched teams. In a spread bet, one team is designated as the favorite and the other as the underdog. The sportsbook sets a number of points (the spread) that the favorite must win by in order for a bet on them to be a winner. Bettors can then place a wager on either the favorite to win by more than the spread, or the underdog to either win outright or not lose by more than the spread. The spread aims to level the playing field, making it more challenging for bettors to simply pick the winning team. The payouts for spread bets are typically based on the odds for each team to win the game.
Parlay
A parlay is a type of sports bet where a person combines two or more individual wagers into one bet, with the winnings from each wager being used to pay for the next. If all of the individual wagers in a parlay win, the parlay pays out at much higher odds than the individual wagers would have. However, if even one wager loses, the entire parlay loses. Parlays are popular among sports bettors because of the potential for high payouts, but they are also riskier than individual wagers because a loss on any one wager results in the loss of the entire bet. Parlays are often used for betting on the outcomes of multiple games or events, and are commonly offered by sportsbooks for a variety of sports, including football, basketball, baseball, and hockey.
Player Props
A player prop bet is a type of wager in sports betting that focuses on a specific aspect of a player's performance in a game or event, rather than the outcome of the game itself. Player prop bets can be based on a variety of statistics, such as total points scored, number of rebounds, or number of passing yards. They can also be based on more specific events, such as the first player to score in a game or the number of times a certain player will touch the ball. Player prop bets offer a way for sports bettors to get more involved in a game and to make wagers based on individual performance, rather than just the outcome of the game. The odds for player prop bets are set by the sportsbook and can vary depending on the specific bet and the perceived likelihood of the player achieving the proposed outcome.
Risk Free Betting
A risk-free bet is a type of sports bet where a bettor is refunded their original wager in the form of a free bet if the bet loses. This type of bet is often offered by sportsbooks as a promotional offer, especially for new customers, to encourage them to try betting on their site. The terms and conditions of a risk-free bet can vary, but generally, the bettor must place a qualifying wager of a certain amount and if it loses, they will receive a free bet of equal value to their original wager. The bettor can then use the free bet to place a new wager, without risking any of their own money. It is important to note that there may be restrictions or conditions on the use of the free bet, such as minimum odds or a time limit, so it is important to carefully read the terms and conditions before accepting a risk-free bet offer.
Free Bets
A free bet is a type of promotion offered by sportsbooks to encourage betting on their platform. A free bet is a sum of money given by the sportsbook to a bettor, allowing them to place a wager without risking their own funds. The bettor can use the free bet to place a wager on a sporting event, and if they win, they keep the winnings, but not the original free bet amount. If the bet loses, the sportsbook retains the free bet amount and the bettor does not receive a refund. Free bets are often offered as part of a welcome bonus for new customers or as a reward for regular customers, and are subject to certain terms and conditions, such as minimum odds, time restrictions, or limitations on the type of bet that can be placed. It is important to carefully read and understand the terms and conditions before accepting a free bet offer.
Deposit Match
A deposit match is a type of bonus offered by sportsbooks and other online betting platforms as an incentive for customers to make a deposit into their account. In a deposit match, the sportsbook agrees to match a portion of the customer's deposit, up to a certain amount. For example, a sportsbook might offer a 100% deposit match up to $100, meaning that if a customer deposits $100, the sportsbook will match that amount, giving the customer a total of $200 to bet with. Deposit match bonuses are a way for sportsbooks to reward customers for depositing money into their accounts, and they can provide a boost to a bettor's bankroll. It is important to note that deposit match bonuses may come with terms and conditions, such as wagering requirements, time restrictions, or limitations on the type of bet that can be placed with the bonus funds. These terms should be carefully reviewed before accepting a deposit match offer.
Bet Push
A bet push, also known as a "push" or a "tie," occurs when the outcome of a sports bet results in a tie, and the bettor neither wins nor loses. In this situation, the original wager is returned to the bettor and the bet is treated as if it never took place. This usually occurs in spread betting, where the bettor wagers on one team to win by a certain margin, and the actual margin of victory is exactly equal to the spread. In this case, the bet is considered a push, and the bettor's original wager is returned. A bet push can also occur in other types of bets, such as moneyline bets, where the outcome results in a tie, and the bettor's wager is returned. In general, a push is considered a neutral outcome for the bettor and does not result in a win or a loss.
Betting Safely
The decision of what to bet on is a personal one and depends on several factors, including your knowledge of the sport or event, your confidence in the outcome, and your risk tolerance. Here are a few general tips to help you make informed betting decisions:
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Conduct research: Before placing a bet, gather information on the teams, players, and factors that may impact the outcome of the game or event.
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Consider your risk tolerance: Betting always involves some level of risk, so it's important to think about how much you are willing to lose and only bet an amount that you can afford.
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Shop around for odds: Different sportsbooks may offer different odds on the same event, so it's a good idea to compare odds at several sportsbooks before placing your bet.
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Manage your bankroll: It's important to have a plan for managing your bankroll, including setting aside a specific amount for betting and avoiding chasing losses by betting more money.
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Stay disciplined: Avoid making impulsive bets or betting based on emotions. Stick to your plan and only place bets that you feel confident about.
It's important to remember that betting can be addictive and can result in significant losses. It's always a good idea to gamble responsibly and only bet an amount that you can afford to lose.
