In this beginners betting guide, we have a small compilation and explanation of acronyms and terminologies that commonly appear on our website and other sports betting related pages.
Let’s talk about the different types of wagers:
A direct bettor has to ensure that the betting odds (explained below) that he/she is choosing and his/her percentage of hits are above the profit threshold. What does this mean? Staying at 50% hits produces losses because the sportsbooks (with the odds offered) have it formulated.
To minimize losses (in odds -110), a bettor must remain above 52.4% correct. In 1000 bets it would have a balance of +40. With 55% hits in 1000 bets would be with a balance of + 5500 $. So you can see that direct bets are an investment that can generate profit in the long term if you have discipline and consistency.
Parlays odds are higher than of the direct ones because the odds of the direct ones are taken and multiplied. The more picks you have, the potential winner of a combined bet grows tremendously. And the possibility of hitting all choices is minimized in the same way.
If you have two picks, both with odds -110, a parlay bet would have a odds of +264.
The bank is a fixed amount that everyone defines depending on their financial possibilities.
For example, if you define the unit at $100 and a bet is negative, almost always a favorite (from -101 onwards), we will bet to win 100. Instead with the positive odds, we will bet risking 100.
When choosing the size of your stake you should consider your Bank (the total amount of money you plan to risk). Thinking in the long term, it is not advisable to start with a bank smaller than 40-50 units.
The money you bet and how much your possible winnings are calculated from the odds offered by the bookmakers.
These may appear expressed in different ways, the most common being described below:
1. Team A (-150) vs Team B (+120)
In the so-called American system, a -150 bet line means that to win 100 you have to risk 150. When an achievement appears with a negative (-) in front of the number it means that you have to bet more than 100 to win 100. Therefore to win 500 (5 times 100) you must bet 150 * 5 = 750.
+120 means that if you bet 100 you win 120. The odds with a positive (+) ahead are simpler because your win is directly read for every 100 wagered. When betting 500 you win 500 * 120 = 600.
ML – Moneyline
Betting Moneyline means that you bet exclusively on a team winning, no matter how many points, races, or goals. In the money line, there are also bets on draws (in sports where there is a tie).
In baseball, a Moneyline bet is official when the game is legal, that is when 5 full innings are played.
The mid-game baseball Moneyline implies that the team must win, if 5 innings are played and there is a tie, the bet is void.
Betting on the spread means that a team with a certain scoring condition is bet on the final score. Sometimes it refers to the spread as “handicap” or Asian handicap (AH). In the case of American football, if there is a team that is favorite for 3.5 points, spread bets will be displayed as follows:
Favorite team -3.5 (favorite)
Non-favorite team +3.5 (underdog)
A “favorite” team must win by 4 or more points for the bet to be a winner.
An “underdog” team must win, or not lose by more than 3 points for the bet to be a winner.
In the specific case of baseball, the spread is usually 1.5, with two races for which the favorite team needs to win, and the underdog must win or lose a maximum of 1 run to hit the bet. The spread of the first half of the game is 0.5, giving the underdog team the chance to reach the end of the fifth inning tied and that the bet is winning.
In baseball, a spread bet will only be valid if at least 9 complete innings are played (8.5 if the home is winning), if the game is suspended in extra innings, the final result will be the one at the end of the previous inning to the suspension
Some online sportsbooks offer line -1 (and +1) in baseball, many other houses don’t, because this bet is supposed to give the bettor an “advantage” over the sportsbook.
PK – Pick’em
It means that the handicap (spread) is zero, there is no favorite team, in the case of football soccer PK means that if a team is chosen in PK and the game ends in a draw, the bet is void or remains tie (push), the player neither wins nor loses.
OVER / UNDER:
Over / Under bets generally correspond to total points (or races or goals) in a game, or high and low.
An over bet requires that the total number of points be greater than that established by the bookmaker, for example, if the total line is 44.5 points, the combined sum of points between the two teams must be 45 or more.
An under bet requires that the total number of points be less than that established by the bookmaker, for example, if the total line is 44.5 points, the combined sum of points between the two teams must be 44 or less.
In baseball, a bet on the total number of races will only be valid if at least 9 complete innings are played (8.5 if the home is winning), the races that are made in extra innings also count towards the total. If the game is suspended in extra innings, the final result that will be taken for the total race will be the one that was at the end of the inning before the suspension.
In the case of football, the total number of goals for an over / under bet is that of 90 minutes. Goals made in overtime or penalties do not count.
In sports such as football, basketball, hockey, and others, the points made in overtime are taken into account for total points bets.
In most betting houses they also offer team totals (TT of team Totals) in which instead of betting over/under of the total between both teams, only bets for the total points/goals/ races a team will make independent of the other. In this way in a baseball game where the total is 7.5 races, the totals per team could be 3.5 or 4 races, it depends on the favoritism that the team has.
1H / 2H
Sometimes it is convenient to bet on only one half of the game, so the 1H or 2H betting lines appear, the second halves are more common for live bets, that is, knowing what happened in the first half (in baseball the first half is the first 5 innings).
ATS (Against the Spread)
When talking about the statistics of a team, a very useful one is knowing how the spread explained above is going against them. There are teams that, despite rarely being favorites, lose by a few points. The statistics of wins and losses of these teams are negative but they are a good ATS team, that is, it is beneficial to bet on them.
When talking about the statistics of a team, Straight Up refers to their record of wins and losses in the money line, not against the line.