Frequently Asked Questions about Sports Betting Terminology
1. What does “point spread” mean in sports betting?
The “point spread” is a betting method that creates a margin of victory for sports teams in which one team is given a scoring advantage. This sports betting terminology ensures that bets are placed on both sides, creating a more balanced betting market.
2. What is the difference between “moneyline” and “point spread” bets?
The “moneyline” is a straight bet on which team will win outright, while the “point spread” considers the margin of victory. Understanding these basic types of bets is crucial when learning sports betting terminology.
3. What does “over/under” refer to in sports betting?
The “over/under” is a type of bet where you wager on the total combined score of both teams in a game, predicting whether it will be over or under a specified number. This is a key aspect of sports betting terminology you should be familiar with.
4. Can you explain what “vig” means?
5. What is a “parlay” bet in sports betting?
A “parlay” bet combines multiple bets into one wager, where all selections must win for the bet to be successful. This can lead to higher payouts, but it also increases risk, which is a frequent topic in sports betting terminology.