150+ Sports betting terms: The complete A-Z guide

Daniel Coyle
Anna Santos
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Table of Contents
  1. A
  2. B
  3. C
  4. D
  5. E
  6. F
  7. G
  8. H
  9. I
  10. J
  11. K
  12. L
  13. M
  14. N
  15. O
  16. P
  17. Q
  18. R
  19. S
  20. T
  21. U
  22. V
  23. W
  24. X
  25. Y
Illustration on a white background with text 'Sports Betting Terms Explained.' Features various sports equipment and dollar signs, conveying a sports and betting theme

As anyone who has ever placed a bet has discovered, sports bettors speak their language. While much of sports betting terminology is based on lingo and jargon that has developed in sportsbooks over the years, understanding these basic terms can provide you with insight into what sports betting strategy is best for you. Accordingly, we have created this comprehensive list of sports betting terms covering every major sport and sports betting market currently available.

A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y, Z

A

Accumulator – An accumulator is a multi-leg wager where the returns from each winning selection are reinvested into the next leg. All legs must win for the bet to pay, which makes it high risk but with significant potential payout.

Action – Action refers to any wager that has been placed or the overall amount of money bet on an event. A game is said to have action when it has wagers booked by the sportsbook.

Across the board – This is a horse racing wager covering win, place, and show simultaneously. It pays out differently depending on whether the horse finishes first, second, or third.

Added game – An added game is one listed by a sportsbook outside of the standard rotation due to scheduling changes or rescheduling. These often carry different limits or betting restrictions.

AET odds – After Extra Time odds include overtime or extra periods in grading the wager. They are commonly used in soccer tournaments where knockout matches require a winner.

Also ran – An also ran refers to a competitor that finishes far behind the leaders. In betting contexts, the participant had no impact on the final wagering outcome.

Alternate lines – Alternate lines are modified spreads or totals offered at adjusted prices. They allow bettors to alter the risk-reward profile by moving the line up or down.

American Odds – American odds display prices as positive or negative numbers. Positive numbers indicate profit on a $100 stake, while negative numbers show the stake required to win $100.

Ante-post – Ante-post refers to bets placed well before an event begins. These wagers may offer higher odds but usually become void with no refund if the selection does not participate.

Arbitrage Arbitrage betting involves wagering on all possible outcomes across different sportsbooks to secure a guaranteed profit. It relies on quickly spotting discrepancies between lines.

Asian handicap – The Asian handicap system removes the draw by assigning goal handicaps in halves or quarters. It balances mismatched teams and provides two-way betting markets.

ATS – ATS stands for Against the Spread, measuring performance relative to the line instead of just wins or losses. ATS records are critical data for bettors evaluating team consistency.

Australian Open – The Australian Open is the first Grand Slam tournament of the tennis season, played on hard courts in Melbourne. It generates a significant global betting handle each January.

B

Backdoor cover – A backdoor cover occurs when a team covers the spread with a late score that does not affect the actual game result. It often frustrates bettors who were on the opposite side of the wager.

Bad beat – A bad beat describes a losing bet that looked like a certain winner until a highly improbable or last-minute event caused it to fail. These are well-known in sports betting lore as painful outcomes.

Bankroll – A bankroll is the total amount of money a bettor has set aside for wagering. Proper bankroll allocation is essential for long-term betting success.

Bankroll Management Bankroll management is the discipline of sizing wagers relative to bankroll. It prevents overexposure, protects against variance, and extends the life of betting activity.

Beard – A beard is a person who places wagers on behalf of someone else to conceal the true bettor’s identity. Sharp bettors often use this practice to avoid sportsbook limits.

Belmont Stakes – The Belmont Stakes is run annually at Belmont Park over 1.5 miles, making it the longest of the three Triple Crown races. It is a challenging race that comes early in a thoroughbred’s career when most 3-year-olds have had little experience at such a demanding length.

Bet – A bet is a single wager placed on an event’s outcome. It is the foundation of all sports gambling activity.

Betting exchange – A betting exchange is a platform where bettors place wagers against each other instead of against a sportsbook. The exchange makes money by charging a commission on winning bets.

Betting strategy – A betting strategy is a structured plan that guides how and when to wager. Strategies range from conservative bankroll management to advanced data-driven modeling.

Sportsbook – A sportsbook is an entity that sets lines and accepts bets on sports events. It makes money by building a margin, known as the vig, into its odds.

Breeders’ Cup – The Breeders’ Cup is a premier horse racing event featuring international competitors. It spans multiple races and draws global wagering pools each year.

Buy points – Buying points means paying extra to adjust a point spread in your favor. While it increases your chance of covering, it lowers the overall payout potential.

C

Calder Cup – The Calder Cup is the trophy awarded to the American Hockey League playoff champion. While niche betting markets exist for this competition.

Cashout – A cashout option allows bettors to settle a wager before the event ends. It locks in profits or limits losses depending on live odds movement.

CFP – The College Football Playoff determines the champion of Division I FBS football. Its semifinal and championship games attract massive betting action.

Chalk – Chalk is a slang term for the favorite in a sports betting market. Betting chalk often implies lower payouts but higher probabilities of winning.

Chalk bettor – A chalk bettor is someone who consistently bets on the favorites in a game. While this is typically safer, this approach typically yields smaller profits over time.

Circled game – A circled match is one where a sportsbook lowers betting limits due to uncertainty, often from injuries or weather. It signals reduced confidence in the posted line.

Closing line – The closing line is the final line offered before an event begins. It is considered the most accurate reflection of the odds on a specific betting market.

Co-favorite – A co-favorite exists when two or more participants share identical odds at the top of a betting market. It is common in futures wagering where fields are wide open.

Combine – A combine is an event where athletes undergo drills and testing before professional drafts in leagues like the NFL and NHL. It influences sports betting markets tied to draft position and performance.

Commission – Commission is the fee a sportsbook or betting exchange charges on winning bets. It is also known as vigorish or juice.

Commissioner’s Trophy – The Commissioner’s Trophy is awarded to the Major League Baseball World Series champion. MLB futures betting markets typically revolve around this outcome.

Correct score Correct score betting involves predicting the exact final result of a game. It is a high-risk, high-reward market popular in soccer, tennis, and hockey.

Cover – To cover means that a team has beaten the point spread set by the sportsbook. Covering the spread is a central concept in point spread wagering.

D

Decimal odds – Decimal odds show the total payout per unit staked. They are common in Europe and make it easy to calculate returns.

Dog – A dog is short for underdog, the team or player expected to lose. Betting on dogs typically yields higher payouts if they win, but obviously, there are still no guaranteed wins in gambling, and you should still gamble responsibly.

Double action – Double action is a conditional bet where the second wager only proceeds if the first has action. It is a way to link multiple plays while managing risk.

Double bet – A double bet ties two selections together. Both must win for the bet to be a winner.

Double result – A double result bet requires predicting both the halftime and full-time outcomes in a game. Both parts must be correct for the wager to succeed.

Double-header – A double-header is when two teams play two games against each other on the same day. It is most common in MLB baseball scheduling.

Double Chance – A double chance wager covers two possible outcomes in one bet, such as a win or a draw. It lowers risk but also reduces potential payout.

Draw – A draw occurs when both teams finish with the same score. In sports like soccer, it is a distinct betting option.

Drift – A drift happens when odds lengthen over time. It often indicates reduced confidence in a team or player’s chances.

E

Each-way – An each-way bet is split into two parts: win and place. You still receive a payout if your selection places, even if it does not win.

Edge – An edge is the perceived advantage a sports bettor has over the sportsbook. It is critical for long-term profitability.

EPL – The EPL, or English Premier League, is the top soccer league in England. It is one of the most heavily bet competitions worldwide.

Esports – This stands for electronic sports. It’s a form of competition for video games, and is growing in popularity at a rapid rate. Leagues and tournaments are often available to wager funds on if you wish to do so on some of your favourite video games.

Even money – Even money odds mean the potential profit equals the stake. For example, a $100 bet wins $100 in profit.

Exotic bet – An exotic bet is any wager outside of standard win, place, or show bets. These include parlays, teasers, and proposition bets.

Exposure – Exposure is the total amount a sportsbook stands to lose on a particular market. For sports bettors, it refers to the total amount of money currently at risk.

F

Fade – To fade means to bet against a team, player, or trend. Sports bettors often fade the public when they believe the line is inflated.

Favorite – The favorite is the side expected to win, reflected in shorter odds. Betting favorites typically produces smaller payouts.

FIFA World Cup – The FIFA World Cup is the largest international soccer tournament. Held every four years, it is the most bet-on sporting event in the world.

Final Four – The Final Four refers to the last four teams in the NCAA basketball tournament, known as March Madness. It is a marquee event that attracts massive betting interest each March.

First half bet – A first-half bet is settled solely on the halftime result. It is independent of the full game outcome.

First/Last/Anytime Scorer – This is a prop market on which player will score first, last, or at any point in a game. It is especially popular in soccer and NHL hockey.

Fixed odds – Fixed odds are wagers placed at prices that do not change after placement. The payout is locked in regardless of line movement.

Fractional odds – Fractional odds show profit relative to stake, such as 5/1. They are common in UK horse racing.

French Open – The French Open is a Grand Slam tennis event played on clay courts. It draws global betting attention because of its unique surface.

Futures Bet – A futures bet is a long-term wager on outcomes like championships or season totals. It locks up money for an extended period but offers high payouts.

G

Game total bet – A game total bet is a wager on the combined number of points, runs, or goals scored by both teams. This is also referred to as the over/under market.

Graded Bet – A graded bet is one that the sportsbook has officially settled. It is marked as a win, loss, or push depending on the result.

Grand Salami – The Grand Salami is a wager on the total combined goals or runs across all games in a league on a given day. It is most commonly offered in MLB and NHL markets.

H

Half ball handicap – The half ball handicap is an Asian handicap that uses half-goal increments to eliminate the possibility of a draw. It ensures every bet will either win or lose rather than push.

Halftime bet – A halftime bet is a wager placed on the outcome of only the second half of a game. It excludes the first-half result and resets scoring at halftime.

Handicap – A handicap is a points adjustment used by sportsbooks to even the playing field between mismatched teams. It is the basis for spread betting across most major sports.

Handicapper – A handicapper is someone who analyzes games and sets expectations against the line. The term also refers to bettors who attempt to find value in sportsbook markets.

Handle – The handle is the total amount of money wagered on a particular game, market, or period. It is a key metric for sportsbook volume.

Hart Trophy – The Hart Memorial Trophy is awarded to the NHL’s most valuable player. Futures markets on this award are also popular throughout the season.

Hedge – A hedge is placing an additional bet on the opposite outcome to reduce risk or lock in a potential profit. Bettors use hedging as a form of bankroll protection.

Hit rate – Hit rate is the percentage of wagers won compared to total wagers placed. It is one measure of a bettor’s performance, but does not account for odds value.

Holding your own – Holding your means maintaining your bankroll without significant gain or loss. It reflects roughly breaking even throughout wagers.

Hold – Hold is the profit margin a sportsbook retains from the total handle. It is the percentage of money kept after paying out winning bets.

Home field advantage – Home field advantage refers to the perceived edge the host team has due to familiarity and crowd support. Sportsbooks factor this into setting spreads and moneylines.

Hook – A hook is the half point added to a spread or total. It ensures there is no push on whole numbers and often changes outcomes for bettors.

I

If bet – An if bet is a conditional wager linking multiple bets together. Subsequent bets are only placed if the first bet wins or pushes.

In-game wagering – In-game wagering, or live betting, allows bettors to place wagers after a game has started. Odds update dynamically as the game progresses.

J

Joint favorite – A joint favorite occurs when two or more participants share the same shortest odds to win. This is common in futures betting where no clear favorite exists.

Juice – Juice is the commission built into the odds by a sportsbook. It is also called vig or vigorish and represents the sportsbook’s margin.

K

Kentucky Derby – The Kentucky Derby is the first leg of horse racing’s Triple Crown. It is among the most heavily wagered races worldwide.

L

Larry O’Brien Trophy – The Larry O’Brien Trophy is awarded to the NBA champion each season. Futures betting markets on the winner are available year round.

Laying points – Laying points refers to betting on a favorite to cover the spread. The bettor must give up points and win by more than the spread for the bet to cash.

Layoff – A layoff is when a sportsbook places bets with another book to reduce its exposure. It is a risk management tactic to balance action on both sides.

Limit – A limit is the maximum amount a sportsbook will accept on a particular wager. Limits vary depending on the market and bettor profile.

Line – A line, or betting line, is the set of odds or point spreads posted for an event. It reflects the sportsbook’s expectation and the market’s adjustments.

Linemaker – Also known as an oddsmaker, a linemaker is the person or group responsible for setting the opening line for a game. Their numbers serve as the foundation for betting markets.

Listed pitchers – Listed pitchers is a baseball betting option where action depends on the named starting pitchers taking the mound. If a listed pitcher is scratched, the bet is void.

Live betting Live betting is wagering on an event while it is in progress. Odds change dynamically based on game state and sportsbook algorithms.

Lock – A lock is slang for a supposedly guaranteed winner. While no wager is truly certain, sports bettors use the term informally for high-confidence picks.

Longshot – A longshot is a participant given little chance to win, reflected in high odds. Longshots carry small probabilities but large potential payouts.

M

March Madness – March Madness refers to the NCAA men’s basketball tournament held each spring. It’s one of the largest betting events in the United States, drawing a massive handle on both brackets and individual games.

Masters Tournament – The Masters Tournament is a major golf championship played each April at Augusta National Golf Club. It is a prestigious event that attracts global betting interest across outright markets and props.

Middle – A middle occurs when a sports bettor wagers on both sides of a game at different lines, creating the possibility of winning both bets. This situation arises from line movement and can lock in profit or reduce risk.

MLB – MLB stands for Major League Baseball, the premier professional baseball league in North America. It is a popular sports betting market offering moneyline, run line, totals, and player prop wagers.

MLB Draft – The MLB Draft is the league’s amateur selection event, where betting markets include which player will be drafted first and draft position props. While not as widely bet on as the NFL Draft, it attracts sharp action.

MLS – MLS stands for Major League Soccer, the top professional soccer league in the United States and Canada. Betting markets include moneylines, spreads, totals, and futures, such as the MLS Cup winner.

Moneyline – The moneyline is a straight bet on which team will win the game outright. It ignores point spreads and is the simplest and most common type of sports betting wager.

Multiple bets – Multiple bets are wagers that combine several selections, such as doubles, trebles, trixies, or Yankees. They require numerous successful picks to cash and offer higher payouts due to compounded risk.

Mush – A mush is slang for a bettor who is believed to bring bad luck and consistently loses wagers. The term is often used jokingly among betting communities.

MVP – MVP stands for Most Valuable Player and is awarded in major sports leagues at season’s end. Futures betting markets on MVPs are offered year-round.

N

Nap – A nap is a tipster’s strongest bet of the day, most common in horse racing contexts. It is considered their best selection with the highest confidence.

NASCAR – NASCAR is the top stock car racing league in the United States. Betting markets include outright winners, head-to-head driver matchups, and season championship futures.

NBA – The NBA is the National Basketball Association, one of the most popular leagues for betting worldwide. Markets range from spreads and totals to player props and futures.

NBA Draft – The NBA Draft is the league’s annual player selection event. Betting includes props on draft order, player destinations, and over/under draft positions.

NCAA – The NCAA is the National Collegiate Athletic Association, governing college sports in the United States. Football and basketball generate the most betting volume within NCAA markets.

NFL – The NFL is the National Football League, and is one of the largest sports betting markets in the world. It offers point spread, moneyline, totals, props, and futures markets year-round.

NFL Draft – The NFL Draft is a significant event offering extensive betting options, including who will be selected first overall. Prop markets include draft position, team selections, and over/under pick numbers.

NHL – The NHL is the National Hockey League, the top professional hockey league in North America. Betting includes moneyline, puck line, totals, props, and futures.

NHL Draft – The NHL Draft introduces amateur players into the league each summer. Limited betting markets exist, typically around draft position and first overall pick.

No action – No action refers to a bet that is voided, with the stake refunded to the bettor. It usually occurs when a game is canceled or when listed pitchers do not start in baseball.

Novelty bets – Also known as exotic bets, novelty bets are wagers on events outside traditional sports. They can include politics, entertainment, or special promotions created by sportsbooks.

O

Odds – Odds represent the probability of an outcome and determine the payout of a bet. They are expressed in a variety of formats, including American, decimal, or fractional.

Odds boost – An odds boost is a promotional enhancement by sportsbooks that increases the potential payout of specific bets. They are used as marketing tools to attract further interest on a specific event.

Odds formatsOdds formats refer to the different ways betting prices are displayed. The most common are American, decimal, and fractional.

Oddsmaker – An oddsmaker is the person or group that sets the initial betting lines for an event. Their numbers serve as the foundation for sportsbook adjustments.

Odds-on favorite – An odds-on favorite is a selection priced shorter than even money, indicating a high probability of winning. These wagers return less profit relative to the stake.

Odds shopping – Odds shopping is the practice of comparing lines across multiple sportsbooks to find the best value. It is an essential habit for sharp bettors.

Off the board – Off the board means a sportsbook has temporarily removed betting odds on an event. This is often due to injuries, weather, or breaking news.

Outright betting – Outright betting refers to wagering on the overall winner of a competition or tournament. It is common in golf, tennis, and horse racing futures markets.

Over bet – An over bet occurs when most of the public money is placed on the over in a totals market. Heavy over action can cause sportsbooks to adjust the line upward.

Over/Under Over/Under betting, also known as totals betting. This involves predicting whether the combined score of a game will be higher or lower than a set number/line.

P

Parlay – A parlay combines multiple wagers into one bet where all selections must win for the whole bet to be paid out as a winner. Payouts are significantly higher than single bets due to compounded risk.

Parlay banker – A parlay banker is a strong pick used as the foundation of a parlay ticket. Other riskier selections are then added around it to increase payout potential.

Payout – A payout is the total return to a bettor, including both the stake and winnings. The odds and the size of the bet determine it.

PGA Championship – The PGA Championship is one of golf’s four major tournaments. It attracts extensive global betting handle with outright and prop markets.

Pick ’em – A pick ’em game is one where both sides are considered even, with no point spread offered. Bettors simply choose which team they believe will win.

Post time – Post time is the official start time of a horse race. It marks the cutoff for betting on that race.

Power rankings – Power rankings are team evaluations based on performance and data analytics. Bettors use them to compare relative strength and handicap games.

Preakness Stakes – The Preakness Stakes is the second leg of horse racing’s Triple Crown. Held at Pimlico Race Course in Baltimore, it draws heavy betting action each May.

Price – Price is another term for odds. It represents the value of a particular wager in terms of risk and reward.

Proposition bet – A proposition bet, or prop, is a wager on a specific event within a game. Examples include player statistics, the result of a coin toss, or exact score outcomes.

Proxy – A proxy is a person who places wagers on behalf of another. Proxies are commonly used in betting contests held in specific jurisdictions, such as Nevada.

Public money – Public money refers to wagers placed by recreational sports bettors who are placing bets for fun, and without too much thinking attached. It is often contrasted with sharp money from professional bettors.

Puck line – The puck line is hockey’s version of the point spread, usually set at 1.5 goals. Bettors can back the favorite at -1.5 or the underdog at +1.5, which gives their selected team a deficit or advantage at the start of a game.

Push – A push occurs when the outcome lands exactly on the spread or total. In this case, wagers are refunded their stake as their bet technically hasn’t won or lost.

Q

Quarter Bet – A quarter bet is a wager on the outcome of a specific quarter in a game. It is independent of the results in other quarters or the whole game.

R

Recreational bettor – A recreational sports bettor is someone who wagers primarily for entertainment rather than profit. Sportsbooks typically welcome their action because it is less informed.

Rotation Number – A rotation number is the unique number assigned to each bet on the sportsbook board. It helps bettors and ticket writers identify specific wagers.

ROY – ROY stands for Rookie of the Year, an award given to top first-year athletes. Futures markets are available for ROY in major professional leagues.

Run line – The run line is baseball’s version of the point spread, typically set at 1.5 runs. It provides an alternative to betting solely on the moneyline.

S

Second-half bet – A second-half bet is a wager placed only on the scoring outcome of the second-half of a game, regardless of what happened in the first half. This type of bet allows bettors to adjust based on in-game developments and momentum shifts.

Selke Trophy – The Selke Trophy is awarded annually in the NHL to the forward who best excels in defensive aspects of the game. Bettors may reference it in awards markets when evaluating player performance futures.

Sell points – Selling points means adjusting the point spread in the opposite direction of buying points, creating a riskier line in exchange for a better payout. This approach increases volatility and is usually used by aggressive sports bettors.

Sharp – A sharp is a professional or highly skilled bettor whose wagers are respected by sportsbooks and often influence line and odds movement. Sharps are typically distinguished from recreational bettors, or “squares.”

Special – A special is a type of bet offered by sportsbooks on unique or novelty markets, often outside standard game lines. Examples include player milestones, seasonal records, or entertainment-related props.

Spread betting – Spread betting involves wagering on whether a team will win by more or less than the point spread set by the sportsbook. It balances perceived differences between teams and is the most common form of betting in North America.

Sportsbook – A sportsbook is a business that sets betting lines, accepts wagers, and pays out winnings on sporting events. It operates with built-in margins, known as juice or vig, to ensure profitability.

Square – A square is a casual or inexperienced bettor who typically follows popular opinion or public money rather than sharp analysis. Sportsbooks often benefit from square action when lines are shaded against public bias.

Stake – A stake is the amount of money a bettor risks on a single wager. It determines both potential losses and potential profits depending on the odds.

Staking method – A staking method is the system or strategy a sports bettor uses to determine how much money to wager on each bet. Standard methods include flat staking, proportional staking, and Kelly Criterion strategies.

Stanley Cup Trophy – The Stanley Cup Trophy is the championship trophy awarded annually to the NHL playoff winner. Futures betting on who will win the Stanley Cup is one of the league’s most popular markets.

Steam – Steam refers to a rapid, noticeable line movement caused by heavy, sharp action. Sports ettors who chase steam are attempting to follow professional money before lines fully adjust.

Straight bet – A straight bet is a wager on a single outcome, such as a point spread, total, or moneyline. It is the most straightforward type of bet and the foundation of sports wagering.

Syndicate – A syndicate is a group of bettors pooling resources and strategies to place large, coordinated wagers. Syndicates are often sharp and can heavily influence line and odds movement with the higher staked bets.

T

Taking points – Taking points refers to betting on the underdog with the spread, meaning you add the given points to their final score. It is the opposite of laying points with the favorite.

Teaser odds – Teaser odds apply to parlay wagers where the bettor adjusts the point spreads or totals in their favor across multiple games. In exchange for the easier lines, the payout is reduced.

Teaser card – A teaser card is a betting slip listing multiple teaser options, often provided by sportsbooks for football games. Sports bettors can select adjusted spreads or totals for a combined wager.

Ted Lindsay Award – The Ted Lindsay Award is given annually to the NHL’s best player as voted by peers. It is distinct from the Hart Trophy, which is voted on by the media.

Ticket – A ticket is the official record of a placed bet, whether printed at a sportsbook counter or digital in an online account. It contains wager details, odds, stake, and potential payout.

Tip – A tip is betting advice or a recommendation, often from a tipster or betting service. Tips may be based on analysis, trends, or insider information, and provide more justification behind a wager for bettors.

Tipster – A tipster is someone who provides betting predictions or advice, either professionally or recreationally. Their credibility is judged by long-term accuracy and transparency of results.

Triple Crown – The Triple Crown in horse racing refers to winning the Kentucky Derby, Preakness Stakes, and Belmont Stakes in the same year. It is a rare and prestigious achievement that generates significant betting interest each year.

The Open Championship – The Open Championship, often called the British Open, is one of golf’s four major tournaments. Betting markets include outright winners, matchups, and props specific bets.

Three-way odds – Three-way odds are commonly used in soccer betting, offering options for home win, away win, or draw. This format differs from two-way markets because it accounts for the possibility of a tie in regulation.

Two-way odds – Two-way odds offer just two outcomes, such as win or lose, with no option for a draw. They are common in American sports where ties are rare.

U

Under – An under bet is a wager that the total combined score of both teams will be lower than the sportsbook’s line. It is the opposite of betting the over.

Underdog – The underdog is the team or player expected to lose, indicated by favorable moneyline odds or points received on a spread. Betting underdogs can provide higher payouts relative to risk.

Unit – A unit is a standardized measure of bet size relative to a bettor’s bankroll, often used to track results consistently. Using units helps compare betting records regardless of stake size.

U.S. Open (Golf) – The U.S. Open is one of golf’s four majors, played annually at varying courses with challenging conditions. Betting includes outright winners, head-to-head matchups, and props.

U.S. Open (Tennis) – The U.S. Open is a Grand Slam tennis tournament held each September in New York, on a hard-court. Sports bettors can wager on match winners, set scores, and tournament futures.

V

Vezina Trophy – The Vezina Trophy is awarded annually to the NHL’s best goaltender, as voted by general managers. It is a popular market in NHL futures betting.

Vigorish – Vigorish, or “vig,” is the commission sportsbooks charge on bets, typically built into the odds. It ensures the sportsbook makes money regardless of the outcome if action is balanced.

Vince Lombardi Trophy – The Vince Lombardi Trophy is awarded annually to the winner of the NFL’s Super Bowl. Futures betting on this market is one of the most wagered upon in U.S. sports.

W

Wager – A wager is another term for a bet, representing money risked on the outcome of a sporting event. It is the most basic unit of betting terminology.

Westgate SuperContest – The Westgate SuperContest is a prestigious NFL handicapping competition held annually in Las Vegas. Contestants pick games against the spread weekly for a season-long prize pool.

Wimbledon – Wimbledon is a Grand Slam tennis tournament played annually on grass courts in London. Betting markets include match winners, set betting, and outright futures.

Win total – A win total bet is a futures wager on how many games a team will win over a season, with sportsbooks setting a line. Bettors choose whether the team will go over or under that number.Wise Guy – A wise guy is an insider or sharp bettor with deep knowledge and influence in betting markets. Their action often signals where the smartest money is being placed.

X

1X2 –  In betting, you’ll often see a 1X2 symbol, with the ‘1’ meaning a home win, the ‘X’ meaning a draw, and the ‘2’ part of the symbol meaning an away win. It’s another way of displaying moneyline odds in sports and esports betting.

Y

Yankee – A Yankee bet is a popular multiples bet. It consists of four selections, with 11 individual bets included. You’ll have six doubles, four trebles, and one four-fold parlay in a Yankee bet. This means you’ll only need at least two selections to win to see a return of some funds.

Daniel Coyle

Freelance contributor
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For over two decades, Daniel Coyle has written extensively about sports and sports betting, with a focus on game previews, odds analysis, and bold prediction. Daniel's betting experience has made him indispensable as a creators of some of the most informative sports betting educational content available today.
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