What Does it mean? Doc's Sports How-To Sports Betting Library
Be sure to read our Sports Betting Terms Explained.
What Does Square Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
In order to become one of the heavy hitters in the sports betting industry, you must start out at the bottom and work your way up, earning respect and tailoring your betting methods along the way. Once you become established and can prove a solid winning percentage to your peers, you can shake the moniker of being called a "square" and graduate to a "sharp." However, this switch doesn't come easy. Everyone thinks they can be the next best gambler, but in reality they are all just "squares" betting high-priced favorites and playing four or five-team parlays. Read More >>
What Does Steam Move Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
In sports betting, blindly tailing a sharp or betting syndicate may seem like a great idea since they are perceived to "know what they are doing." However, doing so is usually a solid way to drain your bankroll since you do not have key pieces of information as to why they are doing it. A "steam move" is something sharps and betting syndicates use for a number of reasons, including profit and to create a new line to bet into. As a new bettor, you never wanted to be fooled by a false "steam move" and find yourself on the wrong side of a game. Read More >>
What Does Value Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
If you've ever been to a store during one of their huge "sales" you are often times looking to buy products at a discounted price. Buying at a discounted price not only saves you money, but it gives buyers a chance to feel like they got plenty of value for the money they spent. The same can be said in the sports betting world. Value is one of those things that bettors chase and live for. If they see value in a certain play, they are absolutely going to play it. If not, they may wait until another opportunity with the same value presents itself - much like waiting for something to go on sale again at a different store. Read More >>
What Does Sharp Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
The sports betting term "sharp" is more than just a word to describe a person who refers to themselves as a professional bettor. It is what all rookie bettors aspire to become and it's a sort of philosophy of betting that rookie bettors try to incorporate into their betting mentality. People who are considered "sharps" are typically ghosts in the sense that they make their plays without attracting any attention to themselves. Read More >>
What Does Nickel Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
It today's world, the English language has taken a back seat to slang. Whether it be on social media, instant messaging platforms, through text or email, every body is using some sort of slang which saves them the slightest bit of time and makes them sound like a goof. In sports betting, it is no different. There is a short form for pretty much anything you can think of including the currency used to place a bet. Read More >>
What Is A Round Robin in Regards to Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
I am probably just speaking from experience, but I can also guarantee you that I am not alone in saying the worst feeling in sports betting is losing a massive parlay by one team. That losing team is usually the last team you put in and are just not quite sure about them, but you do it anyways for the potential of a nice juicy payout. If only there was a way to cash in on all the hard work and research that went into picking the other five winning teams. This is a prime example of when you need to know about the round robin bet and how to place one so that your time and effort doesn't go unrewarded. Read More >>
What Does Rundown Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
If you've ever talked with a mechanic and listened to them rhyme off a bunch of car parts, car part functions or car details you know absolutely nothing about, the chances of you actually retaining the information they are giving you is slim to none. You are likely standing their cold-faced, nodding in agreement to pretty much anything they say. The same can be said when a novice better is being given the rundown of the action available for wagering on any given day. They may understand bits and pieces but the amount of info they actually retain is limited. Read More >>
What Is A Bookmaker in Regards to Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
The term "bookmaker" is a more formal term for the commonly used slang term bookie. Though bookie can have a shady, illegal connotation, that isn't always the case. The word bookmaker, which is more common in the UK can than the US, can be used interchangeably with sportsbook, or the shortened form of book. A bookmaker simply take bets on sports, and guarantees a return at agreed upon odds if the bet is successful. Read More >>
What Does Buck Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
It today's world, the English language has taken a back seat to slang. Whether it be on social media, instant messaging platforms, through text or email, every body is using some sort of slang which saves them the slightest bit of time and makes them sound like a goof. In sports betting, it is no different. There is a short form for pretty much anything you can think of including the currency used to place a bet. Read More >>
What Does It Mean To Buy Points In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
It doesn't matter whether you are a novice bettor just learning the ropes or a serious bettor who has been in the industry for 20+ years, losing a bet by half a point is the most frustrating way to lose. Depending who you talk to, some say that if your bet loses by half a point, it is the bettors fault for not buying points and moving the line. By buying points, you are helping yourself get the best number possible, especially when you are moving the line through key numbers in football or basketball. Doing this can turn a push or loss into a win more often than you can imagine. Read More >>
What Does Buy The Rack Mean In Sports Betting and Horse Racing Wagering?
by Doc's Sports - 10/11/2014
In horse racing, when you buy the rack you buy every possible combination of a daily double or similar bet. A daily double is when you have to pick the winners of two races in a row - typically the first two races of the day. So, if there were eight horses in each of the first two races of a card, then to buy the rack you would buy 64 different combinations of bets. Read More >>
What Does Closing Line Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
When it comes to the betting industry and the lines set by linemakers, the early birds really do get the worm. The opening line is the purest line you will find which makes the "closing line" the end result of the betting action. Typically, the closing line has no real impact on a sportsbook, since very few bettors will actually be able to bet into that line. Read More >>
What Does Cover Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
There are two types of bettors in the sports betting industry and each of them has their own unique way of doing things. Some bettors strictly bet money lines. They say that the winner of the game should be the only thing that matters. However, the majority of the betting industry lives and breathes with betting the point spread on NFL and NBA games. They will tell you there is nothing sweeter than cashing a winning point spread ticket because they were able to "beat the Vegas line". That's probably a bit of an exaggeration, but watching your team cover the spread does feel nice. Read More >>
What Does Double Action Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
In today's world, convenience is king. Being able to do something without having to exert any extra time or energy is how most millennials live their life. However, being a successful handicapper is far from convenient. The amount of time and energy all great handicappers put can't be measured because it never stops. They are always looking for their next move and always looking for the right opportunity to maximize their profit. The "double action" betting option offers some semblance of convenience. This is a great bet if you know you are going to be away from the sportsbook or computer for a time period and can't get your bets in. Read More >>
What Does Dog Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
Sometimes people are lazy. The term "dog" in sports betting is for people who don't want to spend the time and effort required to say the entire word underdog. If you really want to change things up, an underdog can also be referred to as a puppy. Simply, the underdog is the team or individual that is determined - first by linemakers and then by the betting public - to be less likely to win a game. Read More >>
What Does Dime Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
If I was to get rich over night, it would take every ounce of energy I have to not flaunt my new house, car, boat, and any other shiny new toy I could buy. However, I know for a fact that nobody would care about what I do with my riches. Some of the richest people in the world wear the same clothing and try to live a relatively low-key life (minus the body guards). If you are a "dime" bettor, you might have the money to back up the life style, but flaunting your big-bet ability will only turn people against you. Read More >>
What Does Dime Line In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
If you want to become a serious handicapper, the very first rule you need to live by is bankroll management. Bankroll management mean several different things including sticking to a standard size bet whether that be $10, $25, or $100 or never play more than two percent of your entire bankroll on any game, unless you are absolutely certain the value is worth the risk. But in my opinion, the most important rule of bankroll management finding the best lines available. Don't be sucked in to betting a -120 line, when there are -110's available to be had. The line of -110 is what we call a "dime line" and is the most common line found while betting the point spread option. Read More >>
What Does Data Mining Mean In Regards to Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
This may be the most scientific part of the sports betting industry and most bettors don't know that this is a thing even that exists. Most bettors continuously look forward and only bet on the upcoming games with very little regard with any prior happenings. The smart bettors know that looking at past games can prove profitable forfuture betting opportunities. This is called "data mining" and while it may not be an easy process, it is important to do every now and then. Read More >>
What Does True Odds Mean In Sports Betting and Wagering?
by Doc's Sports - 10/11/2014
There is absolutely nothing worse in this world than getting less than you deserve. That holds true not only in every day life, but in the sports betting industry as well. Every time a bettor places a bet at sportsbook or online, they have no choice but to accept the odds offered to them. Most times, sportsbooks offer up odds that are much lower than what should be offered. This not only effects the potential payout, but could affect the bankroll, as a bettor may be inclined to bet more in order to win more money. This is why knowing how to find 'true odds' is so important. It helps bettors to understand the difference between odds that have value and odds that don't. Read More >>
What Is An Alternative Line In Basketball Betting and Wagering?
by Doc's Sports - 10/10/2014
Generally speaking, when betting on sports, we are all at the mercy of the sportsbooks. Whatever lines or prices they put out, we must abide by them and decide if they are worth betting or not. Fortunately for bettors, there is a way around this and it comes in the form of "alternative lines." This option allows us to find a line we would like to bet and bet it. Easy, right? The setback to this is that the lines we choose typically come with very high odds, thus draining the bet of any real value. Read More >>
What Does Wagering Ticket Mean In Sports Betting?
by Doc's Sports - 10/10/2014
If I could choose two super powers to have, one of them would definitely be a photographic memory. Think about it, whatever information you see, you can retain and use it at a later date and sound like an expert on the topic. A photographic memory would also be ideal in the sports betting industry. Not only could you remember lines and odds from previous games, but you could memorize your bets without needing to refer to your "wagering ticket" every five minutes - especially if you have a lot of bets going on at one time. Read More >>
What Is A Round Robin In Football Betting And How To Bet One
by Doc's Sports - 10/10/2014
Every serious bettor already knows that parlays are the highest risk bet you can make. With every team you add to the parlay card, the probability of cashing that parlay ticket decreases exponentially. The worst thing about making a parlay bet is missing a massive payout by going three-for-four. Fortunately for bettors, there is a way to ensure that you can make some money whilelosing by a single team playing parlays. Read More >>
What Is A Round Robin In Basketball Betting And How To Bet One
by Doc's Sports - 10/10/2014
You can create a round robin in basketball by selecting anywhere from three to eight teams that you want to include in this wager. Once the teams are all selected, the bettor can choose to create combinations of parlays between two to six teams. The calculation for the number of bets you will place depends on the total number of teams you initially select for this round robin. Really, the round robin is just a shortcut offered by sportsbooks - you can make bets in bulk instead of having to make each bet separately. Read More >>
What Is A Round Robin In Baseball Betting And How To Bet One
by Doc's Sports - 10/10/2014
Every serious bettor already knows that parlays are the highest risk bet you can make. With every team added to the parlay card, the probability of cashing that parlay ticket decreases exponentially. The worst thing about making a parlay bet is missing a massive payout by going three-for-four. Fortunately for bettors, there is a way to ensure that you can make some money while losing by a single team playing parlays. Read More >>
What Are Trends In Sports Betting? Definition and Examples of Trend
by Doc's Sports - 10/10/2014
The Albert Einstein definition of insanity is doing the same thing over and over again and expecting a different result. While that may be true in real life, in sports betting, if you can find an occurrence that repeats itself on a yearly, maybe even weekly basis, you stand to make a lot of money. Such occurrences in sports are called "trends" and they can be used to determine the best possible approach when thinking about future betting situations. Read More >>
What Does Tout Mean In Sports Betting?
by Doc's Sports - 10/10/2014
In the sports betting industry, anyone can claim they are the "best" handicapper in the world. Unfortunately, majority of people making these claims casual bettors that work a 9-5 job and have no time to dedicate to handicapping games. They spend more time ripping up tickets more than they do cashing them. If you fall into that category, I recommend seeking the help of a professional bettor AKA "tout." Read More >>
What is a Totals Bet? Over and Under Betting Definition in Sports Betting
by Doc's Sports - 10/10/2014
Much like in baseball where the traditionalists complain that the new wave of players are taking over and disrespecting the game, sports betting is slowly becoming geared to the younger generation of players. The demand for quick results and instant gratification have taken the sportsbooks by storm and sportsbook have replied by offering up more and more obscure bets. However, one of the simplest form of betting has remained the same and that is betting on the "over/under" for a particular game or event. Read More >>
What Does Tie Mean In Sports Betting?
by Doc's Sports - 10/10/2014
I'm sure all you all know what a tie is in sports - when two teams or individuals finish a game with the same number of points, and there is no winner. Mercifully, it is pretty tough for ties to happen in most sports. In basketball and baseball they just keep playing until there is a winner. Hockey uses a shootout to end ties in the regular season, and plays until it's over in the playoffs. Football can have ties - at least in the NFL - but new overtime rules make it tougher all the time for one to actually happen. Only soccer consistently delivers ties - a contributing reason why it isn't as popular here as other sports. Read More >>
What is a Teaser in Regards to Sports Betting?
by Doc's Sports - 10/10/2014
A "teaser" is a special kind of sports wager available when betting pointspreads in basketball or football. Like a parlay it is a multi-game bet in which you must win each individual bets in order to win the overall bet. The difference between a parlay and a teaser, though, is that you are allowed to adjust the pointspread in each game you are betting on. That makes it easier to win each individual game, so it makes sense the potential returns are lower than a parlay - often much lower. Read More >>
What is a Betting System In Sports Wagering?
by Doc's Sports - 10/10/2014
With a betting system you are using a series of rules or criteria to replace subjective decisions to guide your betting. Using trends from past results of games or events, you attempt to find the most logical ways to wager similar future games. Essentially, you are looking for situations where, consistently over time, after x has happened, y has tended to happen. Then, when you next see x happen you can bet on y. To find these systems, if you chose to develop them yourself instead of getting them from others, you would use some form of data mining. There are countless types of betting systems. Read More >>
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