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Those who have learned how you can 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 aspects such as: “Yeah, if you want to get in on the action, you just bet up to 10% of your bankroll, then the bookie gets the opening line from Vegas, however the oddsmaker may move the line to protect his vig-and of course you will want to pay close attention to the spread, which is essentially a handicap that sportsbooks use to increase game competitiveness through your perspective; which also affects the overall handle.” What? If that makes little or no sense to you at all, to learn sports betting vocabulary-the 1st step to make money betting on sports, just read on…
Action: Any kind of betting activity including sports betting.
Bankroll: The overall total amount that you will be comfortably ready to lose on all of your sports bets.
Bookie: Someone [as opposed to a business organization] who accepts and processes bets.
Handicap: In 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 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 rather than point spreads as a sort of handicapping method in low-scoring sports like baseball, ice hockey, and safe online soccer gambling agency.
Oddsmaker: People who constantly study and research sports and set the cash lines.
Sportsbook: A business organization that accepts and processes bets.
Spread: Often called “the point spread” is basically a handicap employed 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 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 the best way to actually make money betting on sports. I hope you have found these facts useful.