Used more readily in England, Australia and New Zealand. A term of endearment. Insinuates you know the struggles of gambling but are ready and willing to take on the risk. All wagered monies are returned to the bettor.
The most common time this happens is in spread betting where the score of the game lands exactly on the listed spread. Sportsbooks attempt to eliminate the push by adding a hook or half point to the spread. These are popular with sophisticated bettors who often work systems and do often hit these markets hard when circumstances line up with their system. Runner — The name given to a person who places bets on behalf of someone else. This is deemed illegal in most jurisdictions.
The growth of the sports betting industry in the US should reduce the instances of this as in the past a runner has been required to place bets in vegas for people who live outside of Nevada but looking to wager.. Now that many states are in the process of legalising sports betting to some level, sports bettors should be able to get action without breaking the law. Sharp — The name given to a sophisticated or smart bettor. They typically bet with a large bankroll and are often quick to target lines, which they deem weak, as soon as they are posted by bookmakers.
Many times betting is a source of full time income for a sharp and they are seen as well researched when placing a wager. Their recognised knowledge is useful for bookmakers as they will often adjust, or move, a line immediately after they have accepted a bet from a sharp. Sharp money is seen a trustworthy guide for betting by recreational bettors but often bookmakers have adjusted odds accordingly before the recreational bettors have jumped on.
Square — A common name given to a recreational or average everyday bettor. Typically they are viewed as long term losing gamblers who tend to bet in an unsophisticated manner. That is they bet without much research, close to game time when markets have already been bet through, with emotion, without finding the best odds and so on.
Squares are a target for all sportsbooks as they are seen as low risk clients. Steam — Refers to the sudden and dramatic move of a line in a sports betting market across multiple bookmakers. The steam is as a result of large volumes of money hitting the same market simultaneously. This is can be a deliberate move by professional gamblers or it can be when a tout, tipping service or handicapper releases information to the betting community and it prompts a flood of money to hit the markets.
They watch the market closely for movements then go with the momentum. This is fraught with danger as the movement may be orchestrated by sharps who move a line then after it moves hit the other side harder. Straight Up — When a bettor wagers on a player or team to win outright regardless of the margin of victory it is called a straight up bet.
A bundle of straight up bets is a common way to create a parlay as the bettor can take a combination of favorites and underdogs. Sophisticated bettors will usually bet a relatively large stake on straight up bets, particularly on the favorite. In other jurisdictions the straight up bet is referred to as a head to head bet. This gives the bettor multiple possible winning combinations. The functionality of the system creates, in a way, a hedge against the original full blown parlay.
The many combinations and permutations are wagered upon creating a series of smaller bets all centred around the same legs as your original parlay. Most online books will offer systems on parlays of between 2 and 8 legs. Common systems types are, trixie, yankee, patent, lucky 15, canadian, lucky 31, heinz, super heinz, and goliath.
For all you need to know on systems betting go to our article by clicking here. Teaser — A type of bet that allows the bettor to combine two or more markets and adjust the spread values in their favor in exchange for some loss of odds value. For example a bettor might bet on the Browns The bettor might receive 4 points to use to adjust either matches spread.
If one of the markets loses the entire bet is lost. A teaser is similar to a parlay is many ways. Tout — A person or service that sells tips or picks to recreational gamblers. They are self proclaimed experts and promise a better than average return. The tout is selling their expertise to pick winners much like a stock picker does for at home stock market investors. Bets: Successful: Unsuccessful: 52 Strike Rate: I have no idea why anyone would drop out of this service considering every month has been profitable, but their loss can be your gain so if you wish to take advantage then get in quick before it fills up again.
Graham is there a reason for placing the bets 5 seconds before the off as I usually place lay bets 60 secs before the off. I go 5 seconds before the off just in case the price is near the cut off point and I want to get the price as close to the off as possible.
Betting Pro Lays is a simple laying service based on UK racing. They use BSP for results and also to confirm qualifiers. No other rules apply for selection criteria. Not an exact science and no guarantee of a win.
Touts typically tend to focus on the spread betting and the over and under totals markets. Underdog — Refers to the team or player considered by oddsmakers to be the least likely to win a particular event. The underdog status is defined by the moneyline market. The team with the plus money odds is the underdog and the team with the minus odds is the favorite. Betting on the underdog is a strategy employed by many gamblers due to the increased payout and lower win rate required to be profitable.
In an effort to minimize risk sports books will often not look to win from a particular side in a bet but instead have even amounts of money bet on boths sides and gain a profit from the vig. More often than not they are to meaning 1. The art in this for the sportsbook is to ensure that as close to possible an even amount of money has come in for both sides.
Welch — To welch on a bet is to not pay off when bet loses. This is alway a risk when bettors use credit to place bets. The use of credit is a huge risk and is not recommended. Welching on a bet is not a major concern in online sports betting as the sportsbook will deduct the stake from the account balance at the time the bet is placed and return the stake and profit within minutes of a winning bet resulting.
Wiseguy — A gambler seen to be knowledgeable and successful in the world of sport betting. They carry a lot of credence with bookmakers and their betting patterns often help books frame their odds more accurately. A wiseguy will often pick their targeted markets and bet those heavily looking to maximise profits. They are often targets of bookmaker limits, however it is in the interest of the bookmaker to accept some money as the information gained is so valuable.
Wiseguys are also referred to as sharps. It is the dream of many an avid sports bettor to be considered a wiseguy. Yield — The yield of a bet is essentially the profit from the bet. It can be described in real money terms, or as a percentage of the initial stake or investment. Generally it is of more value to compare back to the original stake so a return on investment Roi can be calculated.
Zone — When a bettor is high on confidence and executing their picks well. Usually occurs when the bettor has developed a trusted strategy and is disciplined enough to stick to it. When in the zone a bettor will often try to repeat their pattern of behaviour, fearing that a change will somehow jolt them out of the zone. He is an experienced educator, business owner, investor and sports bettor. He cut his teeth betting on international and domestic sports across two decades. This experience has given him a deep understanding of the day to day challenges sports bettors endure.
Why some teams are plus points and others are minus points. It can all get a little confusing. Skip to content. What a bad beat! Continue Reading. Need Surgical Treatment? Molly Burnett's Web Portal - Blog Unfortunately the odds on banker bets are often not very generous as the books will consider it a strong favorite as well. Bettor — An individual who places a wager on a particular sports outcome.
The bettor is the centre of all action. Odds being offered on a market will fluctuate depending on the behaviour of the bettors. Can also be referred to as a punter or gambler. Sophisticated bettors are know as sharps or wiseguys. Buying Points — When a bettor is allowed to change the points spread in their favor by accepting reduced odds in exchange. It is a form of insurance and is seen to have a cost benefit. Buying Points is often used to move a points spread figure out beyond a critical number.
This moves the spread out beyond a touchdown. Closing Line — The final line as betting closed before an event began. It is often seen as an excellent indicator of the bettors weight of money. Sports betting is fixed meaning the gambler will receive the line as it was when they placed their bet. It is a great feeling if you have wagered on an event and the closing line has moved in your favor.
Cover — A team is said to cover, when as favorite, they win by more than the points given, or as underdog they win outright or lose by less than the points start recieved. Gamblers whose wager beats the spread is also said to cover. Expression of odds in a decimal format allows the exact payout to be calculated by multiplying the original stake by the odds. The profit on the bet is calculated by subtracting the original stake from the payout. These odds are not commonly used in the US but have much wider use internationally.
For example a favorite may be paying 1. The multiplication of the decimal odds is used to calculate the final odds on a parlay bet. That way the profit plus the stake from the original bet are factored into the next legs of the parlay. When betting large amounts bettor often use the slang term in order to keep the bet size on the downlow. Online sports betting eliminates some of this lingo as the betting platform will use real terms.
Even Money — Occurs when a bet placed is set to return, in profit, the same dollar amount as staked. Essentially the gambler is doubling their money. Exotic — A bet type that focuses on side markets or variations to the more common higher volume markets.
Among others, exotics include parlays, mixed parlays, props, futures and teasers. Within any one of those categories some sportsbooks will over a myriad of options. The most sophisticated sportsbooks can offer a many as different exotic markets on a single game in high volume sports like the NBA and NFL.
The exotic bet is popular with the recreational bettor as it can make an otherwise uninteresting game far more entertaining. Favorite — The team or player considered most likely to win a particular event or game based on the odds offered. It is the most favored result by the betting community. LayBetting Pro. Gamingtoday - casino gambling news race and sports search results. American turf monthly horse racing handicapping bookssports betting live game odds game stats weekly newsletter sports ticker live game odds nfl ncaa football mlb horse racing mobile sports odds play for.
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Cricket provides a sport that is possible to bet on over the course of five days if it is a Test match, and that has made it a very popular sport to put money on, with the likely winner sometimes constantly changing. If we fancy Steve Smith to go for a duck or Trent Boult to pick up a five-for, our readers will be the first to know.
With the big three still dominating the tennis scene, it can often be very difficult to find value in a tennis bet if going against one of Novak Djokovic, Roger Federer or Rafael Nadal. However, our expert tennis tipsters have been watching and writing about the sport for years meaning that if there is likely a new king of the clay at the French, or an aspiring maestro on the grass of Wimbledon, they will know about them, with our knowledgable team providing no shortage of expert betting advice.
The most hard-hitting game in the world, rugby union is a sport that does not leave time to stand still, lest you are hit by a kilo prop! Our resident boxing experts have been covering the sport for almost two decades and they will combine that knowledge and experience to offer you bet best possible betting tips for bouts taking place across the globe.
There are now major fight cards happening just about every weekend thanks to the likes of the UFC, Bellator MMA, ONE Championships and Cage Warriors, and our writers will be keeping a close eye on the betting for all of those events in order to offer you the very best tips. It has never been easier to place a bet on American Football, with the growth of the game across the globe over the past 20 years resulting in the bookmakers offering more and more markets for every single game every week, and they have branched out beyond the NFL National Football League to cover the likes of the Canadian Football League, the Arena League and even the now-defunct Alliance of American Football.
That means there are a whole host of opportunities to bet on the sport all year round and if you are looking for betting advice than look no further than our American Football tipster who has been following the sport closely for over three decades!
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This is one of my favourite laying services and one I personally use in my own betting portfolio. Bets: Successful: Unsuccessful: 52 Strike Rate: I have no idea why anyone would drop out of this service considering every month has been profitable, but their loss can be your gain so if you wish to take advantage then get in quick before it fills up again.
Graham is there a reason for placing the bets 5 seconds before the off as I usually place lay bets 60 secs before the off. I go 5 seconds before the off just in case the price is near the cut off point and I want to get the price as close to the off as possible. Betting Pro Lays is a simple laying service based on UK racing. They use BSP for results and also to confirm qualifiers.
In two months there were 41 bets made, of which 12 bets were losing lay bets. Profit of 10 points was shown in month one, but after a pretty shocking second half, that profit was decimated and we ended the trial with a loss of 4 points. Since our trial ended we have been keeping an eye on the results, and March is showing a profit of 7 points so far.
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