Those who’ve learned how to make money betting on sports a long time ago frequently try to give beginners or newbies the impression that the sports betting process is easy. Seasoned sports bettors may say things like: �Yeah, if you wanna get in on the action, you just bet up to 10% of your bankroll, then the bookie gets the opening line from Vegas, but the oddsmaker may move the line to protect his vig�”and of course you’ll wanna pay close attention to the spread, which is essentially a handicap that sportsbooks use to increase game competitiveness from your perspective; that also affects the overall handle.� What!? If that makes little or no sense to you at all, you’ll wanna read on to learn sports betting vocabulary�”the 1st step to make money betting on sports�
SPORTS BETTING VOCABULARY YOU NEED TO KNOW
ACTION: Any kind of betting activity including sports betting.
BANKROLL: The overall amount of money that you are comfortably willing to lose on all of your sports bets.
BOOKIE: An individual [as opposed to a business organization] who accepts and processes bets.
HANDICAP: Within the sports betting sphere, handicap means to give one team or opponent a point or scoring advantage in an attempt to level the level the sports betting field. Handicapping is practice of predicting the result of a competition for purposes like betting against the point spread. A favored team that wins by less than the point spread still wins the game, but all bets on that favored team would lose.
HANDLE: The total amount of money wagered on bets for a particular sports event.
JUICE: The amount charged by the bookie or sportsbook for their services; same as profit or vig.
MONEY LINE: Used instead of point spreads as a sort of handicapping method in low-scoring sports like baseball, ice hockey, and soccer.
ODDSMAKER: Those who constantly study and research sports and set the money lines.
SPORTSBOOK: A business organization that accepts and processes bets.
Spread: Commonly known as �the point spread� is basically a handicap used in high-scoring sports such as basketball and football to make games and matches competitive from the bettors’ perspective.
VIG: The percentage of all bets that the sportsbook or bookie takes as profit; bookmaker’s commission on losing bets; charges taken on bets by casinos or any gambling establishment. [Origin: Short for �Vigorish�, which is derived from Yiddish slang term �Vyigrish�, the Russian word for �winnings�]
The preceding sports betting vocabulary list will get you started, but it’s really just proverbial �tip of the iceberg� when comes to learning how to actually make money betting on sports. Now, the question is: do you wanna spend many hours, days or weeks of your valuable time learning about sports betting or do you wanna start to make money sports betting right now?
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