In this article, we will outline some of the key terms a sports bettor must understand as part of their arsenal – from bankroll management and edge calculations to expected value estimates and bankroll management strategies – these terms can help guide you through online betting successfully.
Run Line Betting: Similar to hockey betting, run line bets offer bets wherein a favorite receives a markdown of -1.5 runs while an underdog receives +1.5 from bookmakers.
Moneyline
Moneyline bets offer sports fans an easy and straightforward betting option to predict who will win an event or game, from outright horse races to placing a bet on a tournament winner. Moneyline bets are especially popular in NFL wagers and various futures markets.
Moneyline bettors will often see odds presented either decimally, fractionally or American (with American odds being calculated based on winning $100). When betting moneylines, favorites typically have odds that indicate them with a negative sign while underdogs may display them with positive numbers.
These odds may seem complicated at first glance, but once you understand how moneylines operate they become much simpler to comprehend. To accurately evaluate bets you must compare their implied probability of winning against their odds for maximum profitability.
Parlay
A parlay bet is a form of wager that combines multiple individual bets into a larger bet called legs, increasing its winning potential but also increasing the risk. Each leg must win to make money; otherwise the entire parlay could be lost. To limit risk and ensure maximum profit potential from parlays, it is vital that each leg’s odds are fully understood before placing one – this way you don’t become the Parlay Guy at your book!
Teaser bets are an innovative form of parlay betting that allow bettors to alter the point spreads or total lines for multiple games in their favor.
Futures bets
Futures bets are long-term wagers that may take weeks, months or even years to settle – as opposed to more conventional point spread and moneyline bets. Futures bets can be found across a variety of markets such as Super Bowl 50, Heisman Trophy award winner selections and college basketball national championship odds, among others – with an increased house edge than traditional straight bets.
Futures markets exist for individual player awards like Heisman Trophy and NBA scoring title, making these bets available through betting windows prior to games and making your selection easy. You may also choose from betting on league or tournament winners; their odds will usually be displayed onsite in American odds format and may change throughout the season depending on team or player performance; top selections typically show plus money odds when listed by this method.
Over/Under bets
Over/Under bets are an exciting and popular form of sports gambling, pitting one statistic against another against an established number posted by the bookmaker. An over/under total can refer to points, runs or goals.
Odds on over/under odds require many variables and calculations differ based on each sport, taking into account factors like team speed and offensive/defensive effectiveness as well as weather considerations – for example if rain is forecast during an NFL match-up, chances are the over/under will likely increase by half point.
Successful over/under bettors tend to be mathematicians who look for trends in scoring for teams and games, such as number of catches for wide receivers or duration of national anthem singing at Super Bowl events. Their bets may cover anything from individual player statistics such as catch percentage to bets on national anthem singing times and so forth.