CxoClub

Online sports betting — unlike the sort taking place in the brick and mortar bookmaking establishments, attracts all sorts of bettors owing to its ease of access. That also means that while there are some seasoned sports betting veterans logging in, a fair number of people are new to the betting game even though they may have a good grasp of certain sports and have the past statistics on their fingertips. Such bettors are handicapped by their lack of understanding of sports betting terminology.

Some frequently used sports betting terms

Arbitrage: Betting the same event at separate sports books in order to lock in a profit by taking advantage of different betting lines.

Bankroll: Total capital available for betting sports.

Bookmaker (or bookie): A person who accepts bets.

Chalk: A favorite (usually, a heavy favorite).

Circled game: A game in which the sports book has reduced its betting limits, usually because of weather or the uncertain status of injured players.

Futures: A type of wager involving the outcome of a season or how a particular team or player will perform over the course of a season.

Hook: A half-point in the betting spread.

Line (sports betting lines): The point spread or odds on a game or event.

Lock: A bet that cannot lose; a term that is often misused and abused by disreputable touts.

Match-up proposition: A betting option that pits two players against one another in a contest or event, often used in golf and auto racing wagering.

Nickel: $500.

Parlay: A bet in which two or more events must happen in order to win; if any one of them does not happen, the wager loses.

Point spread: The number of points added to or subtracted from a team’s actual score for betting purposes.

Sports book: The part of the casino that accepts bets on athletic contests.

Vigorish (or vig): The commission charged by a bookmaker.

Quick Sports Betting Tips & Strategies

1.Make each bet a small percentage of your overall bankroll. For example, if you had a $1,000 bankroll and wanted to make each bet 1% of that, your average bet would be $10. As you win, you bet amount goes up.

2.Don’t chase losers. Keep your bets solid and follow your defined sports betting parameters. Just because you lose three bets in a row does not mean you will win any time soon. If you don’t pick winners well, this could go on for some time. Keep to your guns.

3.Straight bets are better than parlays. Sure, parlay bets offer the chance to win a lot of money for a small bet, but straight bets will be your consistent winner over time. Everyone plays parlays, but don’t make them the focus of your sports betting activity.

4.In horse racing, don’t bet a horse to just show. If you think the horse is good enough to be a front-runner, bet the horse to win, place and show. If the horse is not good enough for this type of bet, in your opinion, the horse is not worth laying any money on to begin with.

There are four solid online sports betting tips & strategies to make you a much better sports bettor. Your next move is to head over to your favorite sports book and put these sports betting tips & strategies into practice.