Official betting involves placing bets on a game or event that has taken place. This includes wagering on team sports such as football, basketball and baseball, as well as non-team sports like tennis, golf and horse racing.
There are many terms used in the world of sports betting, and understanding them can help you be a smarter bettor. We have assembled a list of the most common sports betting terms you may encounter so that you can be sure to make the most informed wagers.
A Money Line is a specific betting line that shows the odds of each team winning the game. These are usually posted by the oddsmaker and can change as the game progresses.
A point spread is the number of points a team must win to cover the listed spread, and it can vary depending on the time you bet.
A Total (also called the OVER/UNDER) is a bet on the total amount of runs scored by both teams in a game. It can be calculated by adding the total scores of each team, and is the most popular type of betting in major sports.
For some bets, such as player markets and other statistically dependent markets, the relevant statistics must be readily available on the official league website or by the league’s official stats provider. Whenever such statistics are not available, the bets will be settled based on another reputable source of stats.