Pick one of three possible outcomes: either team to win, or a tie.

A handicap applied to a team’s score for betting purposes, where a specified number of points are either added to or subtracted from that team’s final score. For example, if you placed a -10.5 bet on an NBA team, you would subtract 10.5 points from their final score. If the game ended 111–100, the adjusted score would be 100.5–100, and your bet would still win.

These are handicap betting markets for American sports. Basketball and American football have point spreads, whereas ice hockey has a puck line and baseball has a run line. Select a team and choose from a range of Spreads available, such as -5.5 or +2.5.

Odds listed by oddsmakers. The price (also known as Odds, Line, or Point Handicap) is used to calculate your winnings and reflects how likely that outcome is.

When the handicap or total is considered, the game is tied, your stake will be refunded. For example, if you bet on a team with a -5.0 Spread and they win by exactly 5 points, the final result after applying the Handicap is a tie, and your deposit is refunded.

Betting on the over/under for a single game’s total points scored. If the game’s total points are 55.5, betting the over means that you win if the game ends with 56 or more total points; otherwise, you lose. If you wager the under, you are betting that the total points scored will be 55 or fewer.

An individual spread or money line bet.

This includes two or more selections. Parlays pay out more than straight bets, but you will win significantly less frequently. For the stake to pay off, all picks must win.

This is another form of parlay betting, with the only difference being that a bettor can change the point spread for a game. In turn, the book will reduce the payout, but it is essentially a parlay with an alternate line bet.

Bets offered after the start of the match and while the match is in progress. Live betting odds are recalibrated after the start of each match.

This term refers to the process of betting on the winner of a future event or tournament that will not be completed for weeks, if not months. Some instances include betting on a Super Bowl champion or MVP candidate before the season begins. Many of these bets can be made throughout the season. Remember that future bets are tough to win because a variety of circumstances can impact a player’s or team’s performance throughout the season.

Is a bet in any online sports betting market that only has two potential outcomes, such as "Yes or No" and Over or Under. With 2-Way betting, you can bet on a particular outcome being over or under a set number, or select ‘Yes’ or ‘No’ to bet on whether a specific outcome of a game will happen or not.

Offer three outcomes for a particular market, typically involves options such as win, lose, or draw, depending on the nature of the sporting event. For instance, in a soccer match, you might bet on one team to win, the other team to win, or for the match to end in a draw.

In sports like soccer and football, games are split into two halves. So, a ‘First Half Bet’ describes wagers that are placed during the first 45 minutes of a soccer game or 30 minutes of an NFL match.

This is frequently related with NBA and NFL wagering. It is a form of wager that may be put before or during any quarter of a match and is typically focused on the winner of that quarter.

This is one of the most commonly used sports betting terms in soccer. It refers to a betting market in which you can back a player to score at any time during a game, and it is accessible as both a pre-game and in-play wagering option. It is a bet that a player will score within 90 minutes (including injury time) of a match. Anytime Goal scorer betting means that your wager can last the entire game.

Correct score betting, also known as result bets, you’ll wager on the exact final score in a particular match, such as “3-1” or “2-2.” This wagering market is most popular in soccer betting. This type of bet usually has greater odds because it is more difficult to predict the exact score than other betting markets.

Prop Bet is a bet made regarding the occurrence or non-occurrence during a game not directly affecting the game’s final outcome. It might involve who scores first, how many sacks a particular team will have, how many receptions a wide receiver will have, and so on. Prop Bets are sometimes made as a yes/no, or either/or choice. Prop options expand dramatically nowadays, where you can even bet on things like the length of the national anthem.

This is an option sportsbooks present to a bettor where allows bettors to close their outstanding bets early to cut their losses or lock in a win. If a bettor needs the Hawks to win in order to profit $100, a sportsbook might offer a $75 cash out in the third quarter if the Hawks are winning the game. However, this is not an option all sportsbooks offer.

Fixed odds describe prices that are predetermined and locked into place when you execute your wager.

This odds format is often seen in the UK, featuring two numbers separated by a slash. The first number relays how much you can potentially win in relation to the second, which describes your stake amount. So, if you successfully bet $10 at odds of 5/1, you’ll bank $50 exclusive of your stake.

Another common term in the soccer betting dictionary, an ‘Asian Handicap’ allows you to apply a virtual disadvantage to a heavy betting favorite and back them to win at enhanced prices. Asian handicaps as they eliminate the draw as a potential outcome through the use of half points, while they commonly start at -0.25 goals.

The decimal odds format is widely used in Europe. Decimal odds are shown as one number, which is the amount a winning bet would collect on a $1 bet. If the odds are listed as 6, a winning bet would receive $5 profit and the original $1 bet. This relays precisely how much you can win for every $1 wagered (including your stake amount), while the format makes it easy to calculate the implied probability of a particular outcome occurring.

Another common feature in the soccer betting dictionary, an ‘Asian Handicap’ allows you to apply a virtual disadvantage to a heavy betting favorite and back them to win at enhanced prices. Asian handicaps as they eliminate the draw as a potential outcome through the use of half points, while they commonly start at -0.25 goals.

Similar to arbitrage, hedging a betting means a bettor wagers on more than one outcome of a game in order to profit or limit losses.

In sports betting parlance, ‘chalk’ describes a heavy and significant betting favorite. For example, a team favored with a huge point spread would most likely be referred to as chalk.

When a bet looks like a winner, but a low-probability outcome turns into a losing wager, often improbable.

The total amount of money you have to bet with can also extend to the amount you are comfortable betting at any particular stage.

The final odds before a game starts. It can be incredibly useful when defining your profitability as a bettor and whether or not you’re able to beat the market.

The side of a contest favored to win.

The underdog in any given contest.

When odds change because an enormous amount of money is placed on one side of a bet.

Even sportsbooks have limits, which is the maximum amount of money a bettor can wager on for a given event or game. If a bettor tries to wager $1,000 on a $100 limit, the sportsbook will only take $100 of the $1,000. Bettors who demonstrate consistent profitability against a sportsbook may also be limited over time.

Whenever a sportsbook refuses to take bets on a game, they take it ‘off the board’.