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Sports Betting Explained | Sportsbook Guide

Sports Betting Explained

Sports Betting Explained: Vegas Sportsbook Odds Explained

The experienced MyBookie team is willing to offer you a way to better understanding and explaining sports betting. Our exclusive betting guide covers every topic related to betting, From straight wagers and money lines, to future bets and teasers; we have anything you need to have a successful and profitable NFL Football Betting season.

How does Sports Betting Work

You’ve seen the odds and numbers online and on television but need it all explained because you don’t quite understand what they mean and which team is the favorite. You have heard terms like “consensus betting”, contrarian bets”, fade”, and “ATS records” but aren’t quite sure how they can help you win your bet.

This is your sports betting tutorial hub. We’ll explain sports betting basics on how to read a point spread or how a teaser works, while introducing you to more advanced betting tactics that you can apply to your own betting strategy and handicapping.

Take a look around, learn money management practices that will help preserve your bankroll, learn when the moneyline is a better deal than the point spread and why complicated betting formats can pay off big but come with a risk.

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Betting Lines Explained, Articles, Posts & Sports Betting Guides

Sports Explained: Glossary 1, 2, 3...

Sportsbook Glossary: 1,2,3, all Number

Written by on July 31, 2018

2 and 3 Ball Golf betting that involves predicting a player from a group of 2 or 3 to shoot the lowest score. 5 Fold When preceded by a number, a fold indicates the number of selections in a multiple bet. A 7-fold would be a multiple with 7 selections, all of which must win for the wager to be successful.
Sports Explained: Glossary B

Sportsbook Glossary: Bb

Written by on July 31, 2018

Back Door Cover When a team comes back to cover the spread when it seemed unlikely. Te term is also used when a team usually out of the game scores meaningless points to cover the spread. Backed Team A team on which lots of bets have been placed…
Sports Explained: Glossary C

Sportsbook Glossary: Cc

Written by on July 31, 2018

Canadian Line A combination point spread and money line in hockey. Civil War American college football rivalry game played annually in Oregon, between the Ducks of the University of Oregon in Eugene and the Beavers of Oregon State University in Corvallis…
Sports Explained: Glossary D

Sportsbook Glossary: Dd

Written by on July 31, 2018

Daily Double Horse Racing A betting type similar to a parlay bet. It involves two consecutive races, usually the first two races on a card and the last two races on a card. You must pick the winner of the first race and the winner of the next race. Dead Heat A dead heat refers to an outcome where two competitors are tied for the same position….
Sports Explained: Glossary E

Sportsbook Glossary: Ee

Written by on July 31, 2018

strong>Each Way A two part bet, one part on the selection to win, the second part on the selection to place. The place part will be settled at the each way terms of the event, e.g. 1/4 of the odds. Eagle Golf Eagle means scoring two under par (-2)…
Sports Explained: Glossary F

Sportsbook Glossary: Ff

Written by on July 31, 2018

Face-Off Ice Hockey A face-off is the method used to begin play in ice hockey and some other sports. The two teams line up in opposition to each other, and the opposing skaters attempt to gain control of the puck after it is dropped between their sticks by an official. Face-offs are generally handled by centres…
Sports Explained: Glossary G

Sportsbook Glossary: Gg

Written by on July 31, 2018

Goal Goal refers to a method of scoring in many sports, including handball, hockey, soccer, Lacrosse). It can also refer to the physical structure or area of the playing surface where scoring occurs. In several sports, a goal is the sole method of scoring, and thus the final score is expressed in the total number of goals scored by each team…
Sports Explained: Glossary H

Sportsbook Glossary: Hh

Written by on July 31, 2018

Halftime Bet Place a bet at halftime of a game against a new point spread posted by the bookmakers. Handle Total amount of bets taken. Handicap Analyze an event for gambling purposes…
Sports Explained: Glossary I

Sportsbook Glossary: Ii

Written by on July 31, 2018

IBF International Boxing Federation. Icing Ice Hockey A type of infraction that occurs when a player shoots the puck across both the center red line and the opposing team’s goal line, and the puck remains untouched. However, it is not icing if the puck is shot from behind the halfway line into the goal…
Sports Explained: Glossary J

Sportsbook Glossary: Jj

Written by on July 31, 2018

Jab Boxing & MMA A quick, straight punch thrown with the lead hand from the guard position. Jolly Another term for the favorite in a race. Juice This is the commission that sportsbooks or bookies charge for placing a wager…
Sports Explained: Glossary K

Sportsbook Glossary: Kk

Written by on July 31, 2018

Kentucky Derby Horse Racing Horse race held annually in Louisville, Kentucky, United States, on the first Saturday in May, capping the two-week-long Kentucky Derby Festival. It also known as the first leg of the annual Triple Crown. Key Numbers This represents the most common margins of defeat…
Sports Explained: Glossary I

Sportsbook Glossary: Ll

Written by on July 31, 2018

Lame When a horse is having difficulty walking or is limping. Laying Wagering on a favorite and thereby laying (giving) points or odds to the opposing side…
Sports Explained: Glossary M

Sportsbook Glossary: Mm

Written by on July 31, 2018

Maiden A horse or rider that has not previously won a race. Major penalty Ice Hockey A five-minute penalty. Man advantage Ice Hockey When one team is penalized, and one of its players sent to the penalty box, the second team maintains a man advantage for the duration of the penalty…
Sports Explained: Glossary N

Sportsbook Glossary: Nn

Written by on July 31, 2018

NASCAR Auto Racing Founded by Bill France, Sr. in 1948; The National Association for Stock Car Auto Racing (NASCAR) is motorsport’s preeminent stock-car racing organization. The three largest racing-series sanctioned by this company are the Sprint Cup Series, the Xfinity Series, and the Camping World Truck Series. Nickel A bet of $500…
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