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Those who have learned the way to make money betting on sports a long time ago frequently attempt to give beginners or newbies the impression that the sports betting process is easy. Seasoned sports gamblers may say things like: “Yeah, if you would like to get in on the action, you just bet up to 10% of your bankroll, then the bookie gets the opening line from Vegas, although the oddsmaker may move the line to protect his vig-and of course you certainly will want to pay close attention to the spread, which is essentially a handicap that sportsbooks use to improve game competitiveness through your perspective; that also affects the overall handle.” What? If that makes minimum sense to you at all, to learn sports betting vocabulary-the 1st step to earn money betting on sports, just read on…
Action: Any kind of betting activity including sports betting.
Bankroll: The overall total amount that you are comfortably willing to lose on all your sports bets.
Bookie: Someone [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 within an try 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 exact 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 in place of point spreads as a sort of handicapping method in low-scoring sports like baseball, ice hockey, and soccer.
Oddsmaker: Individuals that constantly study and research sports and set the cash lines.
Sportsbook: A business organization that accepts and processes bets.
Spread: Also known as “the point spread” is essentially a handicap used in high-scoring sports for example basketball and football to make games and matches competitive from the bettors’ perspective.
Vig: The portion 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 best online gambling agent establishment. [Origin: Short for “Vigorish”, which is produced from Yiddish slang term “Vyigrish”, the Russian word for “winnings”]
The preceding sports betting vocabulary list can get you started, but it’s really just proverbial “tip of the iceberg” when comes to learning how you can actually make money betting on sports. I hope you’ve got found these facts useful.