Be a Pro in Sports Betting with iBET – Sports Betting Glossary
What is Sports Betting?
Sports betting is one of the many thrilling activities that can rake in good money if done right. It only requires bettors to predict the results of a sporting event and place a wager on the outcome.
Some of the sports bettors can place a wager on are such as football, basketball, baseball, ice hockey, golf, cricket, table tennis, and more, all of which take place at the amateur and professional levels.
Sports betting can also stretch out to other non-athletic events, like entertainment or political events, E-sports, finance (shares), and the rest.
How to Sports Bet?
You would wish that sports betting was as straightforward as depositing money and letting everything else run on its own course after deciding on which sports event you want to support. This not quite the case.
Bettors place their wagers through a physical or online bookmaker or sportsbook, like iBET. Sounds easy, but there is more than meets the eye when it comes to sports betting.
There are various kinds of wagers to learn about, all of which give bettors different betting (profit) outcomes, as well as the need to study a sporting event meticulously, so bettors can keep losses at a minimum, or better yet, at bay.
Sports Betting Has a Language of Its Own
Much like any other betting activity, sports betting has its jargon that can be confusing and difficult to understand, especially for new bettors.
And because of these special terms, puzzled bettors may find sports betting a little off-putting. They may even find it hard to navigate, thus, resorting to taking a shot in the dark.
If the above feels familiar, frown your brows no further! Being a sports betting platform ourselves, iBET wants to make sure that you and other bettors can have a pleasant betting experience.
Below is a list of sports betting terms that will make understanding the jargon a breeze. Feel free to bookmark this glossary or treat it like a go-to dictionary when you come across an unknown word or phrase.
With this glossary, you will be a pro sports bettor in no time!
|Accumulator||It is a bet which includes multiple selections. A bettor only wins if all of the selections are correct.|
|Across the Board||Available in horse racing only. The bettor is betting on a horse to:|
(b) place, and
|Action||Anytime you have a bet on a sporting event, you are in action. Alternatively, this term can also mean the total amount of money you spend on a specific sporting event.|
|Added Game||A sporting event that is added to the betting board later on because:|
(a) it was not listed on the board in the first place, or
(b) the event needed to be rescheduled.
|After Extra Time (AET) odds||You can find AET odds primarily on football matches when extra time is added at the end of the 90-minute game due to in-game stoppages (a player gets injured, rain, etc.). Your AET bets are only valid if the events occur during the extra time.|
|Against the Spread (ATS) odds||ATS odds even out the chances of winning for both teams, encouraging bettors to place wagers on both the better and less outstanding teams.|
|Also Ran||Any selection (an athlete, a horse, greyhound, etc.) that does not finish the game in 1st, 2nd, 3rd, or 4th place in a sporting event.|
|Alternate Lines||These are lines with higher or lower odds that are different than the standard betting line.|
|American Odds||As its namesake implies, American odds are more common in a US sportsbook. The standard payout for a wager is $100, and these odds usually indicate how much a bettor needs to wager to win $100. They cater to the US bettors best. Another term for this is Moneyline odds.|
|Ante-post Bet||This bet posts the odds for a horse and greyhound racing in advance, allowing bettors to place their wagers before the competition takes place.|
|Arbitrage (ARB)||A type of betting style that covers all possible outcomes of a single sporting event.|
|Asian Handicap||A form of betting on football that even out the imbalances of both teams competing against each other. In return, this:|
(a) gives the less outstanding team a head start, and
This is an extensive list! But it covers the majority of terms that you will come across when sports betting. When you are ready, join the sports game rooms iBET offers, such as Maxbet, Nova88, and more!