For amateurs, it may be hard for them to use jargon and unusual phrases to get into sports betting. Learning a core set of words to get around in this world, is required to help being at ease when placing bets, grasping odds, and reading betting sheets. The first step to becoming a smart bettor is to learn these important terms.

 

 

Main Bets

 

 

Moneyline and Spreads

The moneyline is the easiest bet because it only tells you which team will win without taking into account the point spread. It is the most straightforward way to win a bet. The point spread adds a handicap to make the game more even. The favorite must win by more than the spread figure, to pay off the wager while, the underdog can either lose by less than that number or win the game outright.

 

Vig and Payout to Handle Odds

The vig, or vigorish, is the fee or commission that the sportsbook charges on a wager. This is how the book makes money. It is embedded into the odds and is the cost of placing your bet. The payout is the total amount of money you get back if your wager wins, including the money you put down. If you know what these terms mean, you can see how the sports betting market really works.

 

Concluding Thoughts

Knowing the basic words, like moneyline spread and vig, is opening the whole world of sports betting to you. Getting past the confusion and starting making smart bets with confidence with the information you have.