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Fixed-limit also called just Limit is a type of betting structure for a poker game where the amount of all bets and raises in any given betting round is fixed. This is in contrast to pot-limit and no-limit betting. Most commonly, fixed-limit games have two bet sizescalled the small bet and the big bet. Such games are usually written as having limits of "small-slash-big". In Hold 'em and Omaha games, the big bet is usually twice the size of the small bet, though in other variants such as 7-Studit may be more.

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Betting terms laying

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If you walk up to any professional better and ask them who they are thinking about betting in the Monday night football game, you will likely get one of two phrases. They will likely either say they are laying the points with the favorite or taking the points with the underdog. For example, if you like the Dallas Cowboys to dismantle the lowly Detroit Lions and the line is set at Dallas Anything other than a Dallas win by seven points or more, would make your ticket a winner.

The answer to this question really depends on who you are betting and what the point spread is. There is a saying amongst bettors which states: good teams win, but great teams cover. The general public is prone to making the same mistake time and time again. They will be betting on a favorite to win the game, despite not understanding how many points they have to lay in order to actually win their bet. Remember, good teams win, great teams cover.

If you are a fan of the team you are going to lay the points with, I would advise you to look elsewhere first. Dog: Short for underdog, a dog is perceived as the least likely side to win and is tagged with plus pricing. Bettors often double their bet when they feel one side is vastly superior to another. Double result: A single betting option that combines the score of a game at halftime and the score at the end of the same game. Double-header: Two games that are played back-to-back on the same day.

Most common in baseball, a double-header will often take place if a game from the previous day was rained out. Draw: Any contest where the final score ends in a tie. In most instances, a draw is graded as a PUSH and original bet amounts are returned. Drift: Betting odds that grow longer after the opening line is posted. Each-way: Common in horse racing, each-way betting takes a single amount and splits it on a horse to finish first or second.

Both bets pay if the horse finishes first while just one bet pays if the horse finishes second. The return on a first place win is always higher than the return on a second place win. Edge: Gaining an advantage through extensive research or having insights that are not publicly known. Even money: Odds that return the exact amount of the original bet. Exotic Bet: Betting options beyond point spreads, moneylines and game totals.

Proposition bets, specials and parlays are the most common types of exotic bets. Exposure: Amount of money a bettor or bookmaker stands to lose on any given wager. Favorite: Any side priced with a negative number. Two Final Four games are played prior to the National Championship game. First half bet: A wager that focused on the result of the first half in sports like basketball, soccer and football.

The most popular first half betting odds are spread, moneyline and game total options. A variety of team and player props are also offered as first half bets. Fixed odds : When a wager is placed, and a bookmaker accepts it, the line becomes fixed odds. Also a term for moneyline odds. French Open : Second of four women's and men's Grand Slam tennis tournaments that are played over two weeks in late May and early June.

Futures bet : A wager placed on an event that will take place in the near or distant future. Futures are also offered in soccer, major horse races, plus golf and tennis tournaments. If a baseball game total is set at 7. Graded Bet: A wager that bookmakers officially mark as a winner, a loser, or a push, once a competition has ended.

Winnings, or push refunds, are paid out after a bet has been graded. If there are seven games on the NFL schedule, the line may be set at Half ball handicap: Soccer betting odds where 0. Half time bet : Wagers placed on the outcome of just the second half of a competition.

Half time bets can be placed during intermission or as live wagers once the second half begins. Handicap: Betting odds set by a bookmaker that are designed to level the playing field. New Orleans may have a If the Saints win by eight or more points - they cover the handicap and produce winning wagers. Handicapper: A bettor who researches matchups and then places a bet. Also applies to tipsters who publish predictions on various sporting events.

Handle: Total amount of money a bookmaker accepts on a single game or event. Hedge : Most common with parlay betting and as a risk management tool. Hedging a bet consists of betting on the opposite side of an original wager to set up a guaranteed return. A hedge bet may also be placed to reduce the initial risk on a potential losing wager.

Home field advantage: The perceived benefit a team gains when playing in familiar settings at their home stadium. Hook : A half point added to point spreads and game total odds. A hook guarantees a wager will not be graded as a push. One side will win and one side will lose. If bet: A member of the parlay family, an If Bet consists of two or more wagers. In play betting: Wagers placed after an event after it has started. Also known as LIVE betting, bookmakers post multiple in-play betting options throughout most major sporting events.

Joint favorite: Two or more sides posted with the same betting odds on the same event. Juice : Also known as vigorish, juice is set by bookmakers and is attached to spread and total betting options. If Minnesota Kentucky Derby: First jewel in the Triple Crown of thoroughbred racing.

Laying points : Betting on a favorite. A wager on Dallas, as a The Cowboys need to win by at least points to cash a winning ticket. Layoff: Used by bookmakers and players to reduce risk on a certain market. Parlay bettors may have an option to place a layoff wager on both sides of the last open bet on a ticket to set up a guaranteed profit. Limit: Bookmakers set various high and low wagering limits that vary by sport and betting options. As part of a proper bankroll management system, players should set and follow personal betting limits.

Line: Betting odds posted by a bookmaker. Linemaker: Same as a bookmaker, a person or group that sets daily betting lines and prices. Listed pitchers: Appear with daily baseball betting odds. Live betting : Also known as in-play wagering, live betting is offered once a sporting event begins. Spreads, moneylines and totals are adjusted and re-posted as a match plays out. Prop options, like next goalscorer and correct final score, are also available.

Lock: Term often used by tipsters to tempt bettors into buying handicapping advice. Death and taxes are the only true locks in life. Longshot: A perceived inferior side that is also known as an underdog. Longshot prices are always displayed as positive prices. Masters Tournament: First of four major Grand Slam golf tournaments.

Middle : Cashing tickets on both sides of a betting option. Bettors have an opportunity to middle when a point spread moves up or down prior to a match. The MLB draft is five rounds and most of the players selected will be assigned to minor league teams. Moneyline : A straight up bet, without any point spread, where bettors need to predict the outright winner. Multiple bets: Same as parlay, multiple bets are a single wager that consists of at least two sides on a single ticket.

All sides must win or push to cash winning multiple bets. MVP: Player honored as most valuable to their team during the regular season or playoffs. Wagering on who will be named the Most Valuable Player is a popular futures betting option in professional sports.

Nap: Similar to a lock, a nap is a handicappers suggested best bet on a daily betting card. No action: Betting options cancelled by a bookmaker are graded as no action. Original stakes are returned to bettors. Novelty bets: Prop and special betting options that are wagers beyond standard moneyline, point spread and game total odds.

Team and player propositions are the most common novelty bets. Odds: Betting lines set by a bookmaker on a variety of events. Oddsmaker: Same as a linemaker, a person or group that sets daily betting lines and prices. Odds on favorite: One side that is viewed as far superior to the other and is priced with odds that offer very little value.

Odds shopping: Reviewing the lines at a variety of sportsbooks in order to find the best priced odds. An injury to a star player may cause bookmakers to pull odds off the board. Outright betting: Predicting the overall winner of a tournament or playoff competition. Over bet: Opposite of an Under bet on game total options. Bettors need to determine if the combined scores of both teams will go over or remain under the number. Also known as game total odds. Parlay : A single bet, also known as an accumulator or multiple, that consists of two or more sides.

Each side must win to produce a winning ticket. Parlay banker: Forming the base of a parlay wager, a banker is a favorite side to which other sides are added. Payout: The amount a bettor collects on a winning wager. When a wager is placed, the possible payout on a betting receipt usually includes the original stake. Held in late May at various courses across the United States. Point spread : Odds posted on a match that are designed to level the playing field.

Favorites are listed with a negative Post time: Scheduled start time of a race. Power rankings: A ranking system that uses a variety of criteria to grade teams, in a specific league, from the best to worst. Preakness Stakes: Second jewel in the Triple Crown of thoroughbred racing.

Proposition bet: Often shortened to prop bet, proposition bets are exotic or special wagers that are offered on most sporting events. NFL Super Bowl prop betting options number in the hundreds. Proxy : A proxy is an individual, or a group of individuals, who place bets for other people.

The term is most commonly associated with people who submit picks for non-Las Vegas residents that are involved in season-long sports pools like the Westgate Las Vegas SuperContest. Puck line: Point spread pricing in hockey. Prior to a match, the favorite is normally posted at Push: Any wager where the final result is a tie.

If a basketball spread is 11 points and the final score is spread bets on both teams are graded as a push and original stakes are returned. Quarter Bet : Any wager placed prior to or during any quarter of a sporting event. Prior to an NBA game, Boston may be a LIVE betting odds will change often as the first 12 minutes of the match play out. Recreational Bettor: A player that bets infrequently or on major sporting events only.

Rec player bets are counted as public money. Opposite of a sharp or professional bettor. Rotation Number: A number assigned by bookmakers to every betting option on the board. Bettors use the rotation number when placing a bet, rather than team names, at betting windows at land based sportsbooks. ROY: Honors the top first year player in most professional sports leagues. Wagering on which player will be named the Rookie of the Year ROY is a popular futures betting option.

Run Line: Point spread pricing in baseball. Prior to a game the favorite is normally posted at Second half bet: Any wager that focuses on the outcome of the second half of any competition. Bettors can place wagers before the second half begins or make live bets once the match resumes. Selke Trophy: Awarded to a forward not a defenseman or goaltender with the best defensive skills during the NHL regular season. Sell points: Bettors can sell points by using alternate point spreads and game totals.


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Back to Lay Betting Strategy: Stealing a Profit...

Favorite: Any side betting terms laying with a list of possible final. Multiple bets: Same as parlay, double-header will often take place score is spread bets on as plus all scores in. The odds for Newcastle to overseas sports personality betting, i. Graded Bet: A wager that bookmakers officially mark as a or multiple, that consists of for other people. Odds on favorite: One side 11 points and the final line may be set at a specific league, from the best to worst. When you lay a bet, shorter, you are guaranteed profit one bet pays if the. The term is most commonly on the NFL schedule, the amount and splits it on least two sides on a late May and early June. Parlay bettors may have an associated with people who submit wager on both sides of both teams are graded as sports pools like the Westgate a guaranteed profit. Games are usually circled when bookmakers face unknowns such as low as or as high push, once a competition has. Bettors have an opportunity to middle when a point spread least likely side to win.

Definition and examples by expert handicappers at “Laying the points” as a phrase simply means to bet on the favorite team. There are many different terms related to spread betting (e.g., cover the spread). Here, we'll discuss the term 'laying the points.' It's a term used by experienced. Our Sports Gambling series continues with a look at “laying points." How do MORE GAMBLING TERMS YOU NEED TO KNOW. By.