Learn Sports Betting Vocabulary - The 1st Step to Make Money Betting on Sports

 Many people who have been successful in sports betting for a long period of time try to convince beginners that it is simple. Sports gamblers who are seasoned may say: "Yeah you can get in the action if you bet 10% of your bankroll. The bookie will then receive the opening line, but the oddsmaker might move it to protect his vig. And of course, you'll need to pay attention to the spread. This is basically a handicap used by sportsbooks to make games more competitive from your perspective. It also affects the handle." What? To learn sports betting terminology-the first step to making money betting on sports-just read on.

Sports Betting Vocabulary You Need to Know

Sports betting is one type of action.

Bankroll: This is the total amount that you're willing to risk on your bets.

Bookie (as distinct from a business): A person who accepts bets and processes them.

Handicap is a term used in the world of sports betting to describe the practice of giving one team, or an opponent, a scoring or point advantage to try to even out the playing field. Handicapping involves predicting the outcome of a contest for betting purposes, such as against the point spread. The favored team can win the game even if it wins by less than its point spread, but bets placed on the team will lose.

Handle: Total amount wagered for bets on a specific sports event.

Profit or vig: A bookie's or sportsbook's charge for services.

Money line: A handicapping technique that is used instead of point spreads in sports with low scoring such as baseball, ice-hockey, and soccer.

Oddsmaker - Those who are constantly studying and researching sports, and setting the money lines.

Sportsbook: An organization that processes and accepts bets.

Spread: Also known as the "point spread", this handicap is used to make high-scoring games such as football and basketball more competitive for bettors judi bola.

Bookmaker's commission, or the percentage of bets taken by a sportsbook. Casinos or gambling establishments may also charge vig on bets.

This sports betting glossary will help you get started. However, it is only the proverbial tip of the iceberg when it comes to how to make money by betting on sports. This information is hoped to be useful.