What Does it mean? Doc's Sports How-To Sports Betting Library
Be sure to read our Sports Betting Terms Explained.
What Does Juice Mean In Sports Betting?
by Doc's Sports - 10/9/2014
The juice is the primary way that sportsbooks make money - the commission they take on bets. It is also commonly referred to as vigorish, or just vig. We'll use an example to see how the juice works. The standard price for a pointspread or total bet is -110. That means that you have to bet $110 to make a profit of $100 on both sides. Let's say that $1,100 is bet on each team, and the underdog covers the spread. Read More >>
What Does Smart Money Mean In Sports Betting?
by Doc's Sports - 10/9/2014
A lot can be learned from watching where smart money is being bet. When a team is getting a lot of attention from sharps then there is often a reason to take a closer look at it yourself. Some people will blindly bet teams that have heavy smart-money action, but that's going too far. Still, smart money can help guide you towards team worth investigating closer, or perhaps guide you away from teams you were considering a bet on but were lukewarm about. Read More >>
What Does a Combination Bet Mean in Sports Betting?
by Doc's Sports - 10/2/2014
If you hear the term combination bet in sports betting then you should immediately head to the pub and have a pint and some fish and chips because you are very likely in the United Kingdom. You can have as many pints as you want, too, because this isn't a tough concept to understand. A straight bet is a bet on the outcome of a single game. Read More >>
What Does Parimutuel Mean In Sports Betting?
by Doc's Sports - 10/2/2014
Parimutuel betting is a form of betting most commonly used in horse racing. It can also be found in sports like greyhound racing and jai alai. It comes from French, and means mutual betting. Essentially it is a system in which you bet into a pool of bets, and the odds are determined by how much has been bet on each horse or entrant. It is the opposite of a fixed-odds betting system that is familiar in most of sports betting. The gambling provider - the racetrack, for example - will collect the money and administer the system, and will take a percentage of the money bet as a commission for their services. Read More >>
What Does Degenerate Mean In Sports Betting?
by Doc's Sports - 10/2/2014
If someone calls you a degenerate gambler then they are not complimenting you. If you are a degenerate gambler then you need to step away from the betting window. A degenerate is someone who bets for the rush of the action above all else, and who isn't capable of making good, mathematically sound bets that have a long-term expectation of profit. In simpler terms, they are compulsive gamblers who are destined to go broke. Read More >>
What Does Across the Board Mean In Spors Betting?
by Doc's Sports - 10/2/2014
Across the board is a phrase used most commonly in betting on horse races. You can make three possible straight bets in horse racing. A win bet means you are picking a horse to finish first. A place bet pays off if the horse finishes first or second. A show bet is when you pick a horse to finish in the top three. Obviously, the harder a bet is to win the more it pays, so the payoff is bigger for a win bet than a place bet, and both are bigger than a show bet. When you bet a horse across the board you are using slang to make the same sized win, place, and show bet on the same horse. Read More >>
What Does Correlated Parlay Mean In Sports Betting?
by Doc's Sports - 10/2/2014
A "correlated parlay" is a parlay wager that includes two or more events, generally in the same game, that have a strong relationship to each other - if one happens then the other is very likely to happen as well. These situations are very attractive to bettors because they increase the chances of making a profit. Sportsbooks do not like giving up a big advantage to bettors, so in most cases they will not allow a correlated parlay. Read More >>
What Does Bonus Whore Mean In Sporting Betting?
by Doc's Sports - 10/2/2014
The world of online sportsbooks is very competitive. To attract new customers, books will often offer incentives, or bonuses, for people to sign up. They could, for example, offer to match your first deposit up to $500 - if you deposit $500 they will give you $500 more. Someone who signs up for books primarily to receive the bonus, and who sign up at a lot of books chasing these bonuses, is called a bonus whore. Read More >>
What Does Handicapping Mean in Sports Betting with Examples
by Doc's Sports - 10/1/2014
Handicapping is to analyze a game or event in an attempt to get a sense of who is likely to win so that you can profit from through betting. Handicapping, ideally, will help you understand the probabilities of each team winning or covering the spread. When you know the probabilities you can understand if the bet makes sense based on the available odds. Not surprisingly, handicapping is what a handicapper does to find an edge and identify the bets with a long-term expectation of profit. Read More >>
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