Sports betting had been a part of our daily lives, admit it or not. It is practiced worldwide in every single country known. But what we don’t know is that, many people are still confused about betting. Simply placing a bet can be a confusing affair -- sports books have their own lingo, and the systems vary. Figuring out how to bet well enough to make some money is another matter entirely. How are the odds determined? Who sets the line? What percentage of the time do you need to win to break even? In this article I'll make you familiar with the lingo in the world of betting and odds making and show you how one of the world's favorite pastimes can earn you a lot of money when you know what you are doing. Here are some of the most used Sports lingo that you should know. Action - Action is simply betting activity. Phrases such as "I want in on the action" or "Show me where the action is" come from this term. Since betting on sports is illegal in many places, you can't always look up your local bookie in the phone book.
Handicap - In sports betting, "to handicap" is to give one team a points advantage in order to level the betting field.
Sportsbook - An establishment that takes bets, also known as a book or sports betting websites. An individual who takes bets is a bookie.
Juice - This is the percentage of all bets taken by the bookie as profit. The juice is also known as the vig, short for vigorish. Sometimes bookies take a straight percentage of the handle, but more often the vig is figured into the odds Handle - The handle is the total amount of money wagered on bets. Super Bowl betting generates the biggest handle of the year for most bookies.
The spread - The point spread is used in high-scoring sports like football and basketball. It is basically a handicap used to make all games competitive in the eyes of bettors. The spread gives one team an advantage of a few points. Standard notation for the point spread shows the favored team first, followed by a negative number (the actual spread). The home team is shown in capital letters.
You can make sports betting on football, basketball, soccer or pretty much any sporting event on the planet very profitable if you do it the right way. All you need to do is continuously learn something about sports betting and read sports betting materials, which what you are doing right now. More knowledge about it can mean more winnings to you, so good luck and bet on!
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