Within the world of sports betting, there are many terms that both new and expert betting enthusiasts are unfamiliar with. As a result, many lose bets, they have wagered on, whether they are doing so online or in person as they are unsure of what the sports betting jargon means. To combat this dilemma, we have established a list of key sports gambling jargon that anyone can understand. Before you make your next wager, be sure to consult a glossary such as this one, in order to prevent the sportsbook from claiming all your money.
Below are five sports betting terms we feel are crucial for everyone to know.
1. Accumulator – Also known as a multiple bet, this is when you would bet on multiple games at once, with the intention of your winnings from the first match you bet on, being parlayed into covering all of your other wagers. Essentially in order to win a large lump sum of cash, you need all of the bets to win.
2. Banker – This is the bet which is deemed as the strongest to win in an accumulator wager. In some forms of wagering, this is the guarantee bet, which assures you will make a winning.
3. Circle Game – Essentially occurs when a sportsbook or a bookie puts a limit on the amount of action on a bet. You will see this happen, when other factors, such as injuries, or inclement weather are taken into account by the bookmaker.
4. Draw- When competitors in an event finish in a tie. This is occasionally seen in racing sports. As a result, because of the rarity of a draw happening, it is not planned ahead and offered as an option for bettors. Therefore, when a draw does happen, the winnings will be divided amongst the bettors who chose the two sides which tied.
5. Juice - The juice is the commission made by the sportsbook on your bet. Basically, when you put down a wager, the sportsbook takes a percentage of your winning as a service charge. On many online sports betting sites, you will see offers for reduced juice, when you see this, you should take advantage, because you will get a bigger payout then normal.
