Sports betting has become more exciting and easier to access because of apps and sites. You can download betway to experience and play more sports betting games. With the Betway App you can access all of your favorite sports and games, wherever you are.
If you are a gamer or a person interested in sports betting, it will help to know the terms you will encounter in every event. Read on and take note of the slang and most commonly used terms in sports betting. If you are new to the betting game, here are some of the most common sports betting terms before placing bets and gathering cash.
Popular Terms in Sports Betting
1. Go in for “Action”
Action in sports refers to a bet or a wager actively being paid.
2. It’s “Against The Spread”
The term ATS or Against the Spread means betting on the results of a sporting event related to the point spread.
3. Tell the “Banker”
Accumulator bets are a type of "system bet" that involves multiple wagers on the same event. This is a betting term that functions similarly to a round-robin.
4. No “Backdoor Cover”
The term is used for teams that cover a point spread later in the games, which may affect the wager and not the game results.
5. Watch out for the “Opening Line” and “Closing Line”
A game's opening line is the first available point spread, while the game's closing line is the point spread when the game begins.
6. Put up “Bank Roll”
This is the minimum amount of money you need to bet.
7. Pick your “Betting Unit”
The betting unit is the standard wager size and a unit of measure for discussing bet amounts. A low roller might bet $20 per unit, while a high roller might bet $10,000.
8. Never a “Circle Game”
Sportsbooks lower betting limits as they "circle" a game. Even before the game begins, there could be unexpected complications. A trade rumor, a dubious injury, or bad weather could all be to blame.
9. What a “Bad Beat”
In sports, this is referred to as losing after being ahead at one point.
10. Start with “Buck” and “Dime”
Buck is a $100 bet or “dollar” bet, while Dime is a $1000 bet.
11. Your “Chalk”
"Chalk" refers to the favored group or individual in a competition. It's widely expected that the favorite will prevail.
12. Check out the “Exotic Wager”
The wager is often listed as a prop bet in a sportsbook. An exotic wager is no point spread, future bets, or a money line on certain events.
13. Watch out for “Exposure”
Exposure is how much money a sportsbook may lose in an event.
14. It’s “Flat Betting”
For flat betting, all wagers are the same, and the bettor doesn’t change the amount based on wins, losses, or others’ opinions.
15. Hey, it’s “Kelly Criterion”
The term is a bankroll management strategy popularly used by a bettor who wants to maximize the amount won while seeking limit losses.
Win Your Every Sports Betting Event
There is another betting terminology you will encounter besides the ones listed above. Knowing the terms and slang used in a game will help you create better strategies and win some cash.