Crypto Fantasy Game
Claim


Sports Betting Dictionary - Sports Loci Edition

Sports betting is full of more lingo than your everyday niche. You will already found this out if you have found your way here to this article, or if you have simply happened upon something written by a seasoned player. In our dictionary below we have included all of the terms you need to know to understand what is what in this world.


Custom photoshopped collage banner




A


  • Absolute Value : The absolute value of a bet, are the true odds of an outcome taking place, obtained by subtracting the odds you believe are accurate and the odds given by the bookies.
  • Action : Sayign you have "action" on something is the same as saying you placed a wager on something. For exampl : "I have action on the EPL game later today".
  • Arbitrage : Arbitrage is a betting strategy that ensures a profit by placing a wager on all possible outcomes for a specific line on a single game or event. Let's say for example that I want to place an O/2.5 wager, if I were doing "arbi" I would also place a bet on the U/2.5. That way no matter what happens, and things usually happen, I win. There is more to this that we won't cover here, but this only works if the odds on the outcomes allow for it, there are certain conditions that must be met. Usually wehen people do this, they are using multiple books.
  • Asian Handicap : Ah, the asian handicap. A type of bet where you give or take points (from the scoreline) from a side in an event. This results in an advantage or disadvantage for the team. Later you take the ending scoreline and you add or subtract the points from your wager and see if that team is still a winner. There is more to this of course, so if you want the full in-depth explanation check out our asian handicap guide.




B


  • Absolute Value : The absolute value of a bet, are the true odds of an outcome taking place, obtained by subtracting the odds you believe are accurate and the odds given by the bookies.
  • Action : Sayign you have "action" on something is the same as saying you placed a wager on something. For exampl : "I have action on the EPL game later today".
  • Arbitrage : Arbitrage is a betting strategy that ensures a profit by placing a wager on all possible outcomes for a specific line on a single game or event. Let's say for example that I want to place an O/2.5 wager, if I were doing "arbi" I would also place a bet on the U/2.5. That way no matter what happens, and things usually happen, I win. There is more to this that we won't cover here, but this only works if the odds on the outcomes allow for it, there are certain conditions that must be met. Usually wehen people do this, they are using multiple books.
  • Asian Handicap : Ah, the asian handicap. A type of bet where you give or take points (from the scoreline) from a side in an event. This results in an advantage or disadvantage for the team. Later you take the ending scoreline and you add or subtract the points from your wager and see if that team is still a winner. There is more to this of course, so if you want the full in-depth explanation check out our asian handicap guide.




C


  • Absolute Value : The absolute value of a bet, are the true odds of an outcome taking place, obtained by subtracting the odds you believe are accurate and the odds given by the bookies.
  • Action : Sayign you have "action" on something is the same as saying you placed a wager on something. For exampl : "I have action on the EPL game later today".
  • Arbitrage : Arbitrage is a betting strategy that ensures a profit by placing a wager on all possible outcomes for a specific line on a single game or event. Let's say for example that I want to place an O/2.5 wager, if I were doing "arbi" I would also place a bet on the U/2.5. That way no matter what happens, and things usually happen, I win. There is more to this that we won't cover here, but this only works if the odds on the outcomes allow for it, there are certain conditions that must be met. Usually wehen people do this, they are using multiple books.
  • Asian Handicap : Ah, the asian handicap. A type of bet where you give or take points (from the scoreline) from a side in an event. This results in an advantage or disadvantage for the team. Later you take the ending scoreline and you add or subtract the points from your wager and see if that team is still a winner. There is more to this of course, so if you want the full in-depth explanation check out our asian handicap guide.




D


  • Absolute Value : The absolute value of a bet, are the true odds of an outcome taking place, obtained by subtracting the odds you believe are accurate and the odds given by the bookies.
  • Action : Sayign you have "action" on something is the same as saying you placed a wager on something. For exampl : "I have action on the EPL game later today".
  • Arbitrage : Arbitrage is a betting strategy that ensures a profit by placing a wager on all possible outcomes for a specific line on a single game or event. Let's say for example that I want to place an O/2.5 wager, if I were doing "arbi" I would also place a bet on the U/2.5. That way no matter what happens, and things usually happen, I win. There is more to this that we won't cover here, but this only works if the odds on the outcomes allow for it, there are certain conditions that must be met. Usually wehen people do this, they are using multiple books.
  • Asian Handicap : Ah, the asian handicap. A type of bet where you give or take points (from the scoreline) from a side in an event. This results in an advantage or disadvantage for the team. Later you take the ending scoreline and you add or subtract the points from your wager and see if that team is still a winner. There is more to this of course, so if you want the full in-depth explanation check out our asian handicap guide.