Sports Betting Glossary

Most sportsbooks offer a variety of wagers. The first type of wager is an over/under bet. You can bet on any number of teams or individual players, and these bets are relatively easy to place. In order to make money on sports betting, you must select a sport and bet on both sides. While over/under bets may appear easy, picking winners can be more difficult than you think. Regardless of your level of experience, you should be able to determine which teams will win.

If you’re new to sports betting, you might be confused by the terminology. Use the glossary below to familiarize yourself with some of the most common terms, concepts, and strategies. An Added Game is a game that’s not scheduled in Las Vegas and is a rescheduled game or the second game of a doubleheader. In sports betting, Against the Spread (ATS) refers to laying or taking points in a game. A straight-up game is known as a straight-up bet. Arbitrage involves buying and selling the same game in different markets, which often result in unequal prices.

While some jurisdictions have banned the practice, in the majority of cases it is considered a legitimate form of gambling and is regulated by special commissions. It’s not illegal and is a good way to earn additional income. Correct predictions result in winnings; incorrect ones mean a loss. To learn more about sports betting, check out the glossary. You’ll be amazed at the wealth of information that you’ll find. You’ll feel more confident and knowledgeable about the industry in no time.