BET GLOSSARY- know the world of the sports bets.

Betting terminology/ Gambling terminology guide

Action - Term for the amount of bets placed on a game or a sporting event. It can also refer to how bets are settled.
ATS - Stands for Against the Spread, is a term used for the result of an event when it takes the point spread into account.
Bad Beat - A tough loss on a bet that appeared to be won before a turnaround in a game or contest.
Bet Receipt - It is the confirmed "ticket" of a placed bet. Each bet receipt will provide confirmation of selections, odds, results, and a unique identifier to help distinguish
Action: The total amount of money wagered by a player during a betting session.
Bankroll: The total amount of money a player has set aside for gambling.
Chalk: The favorite in a game or competition.
Degenerate Gambler: Someone who gambles excessively and irresponsibly, often to the detriment of their finances and personal life.
Edge: The advantage that a gambler has over the house or other players.
Futures Bet: Placing a bet on an event or outcome that will occur in the future.
Handicapping: Analyzing and predicting the outcome of a game or race, typically involving statistical analysis and other factors.
Jackpot: A large cash prize, often associated with slot machines or lottery games.
Kitty: A pool of money that is used to fund a game or tournament.
Layoff: Placing a bet with another bookmaker or bettor to offset potential losses.
Martingale System: A betting strategy where the bettor doubles their wager after each loss, with the goal of eventually making a profit.
Odds: The probability of a particular outcome occurring, often expressed as a ratio or fraction.
Parlay: A single bet that combines two or more individual bets, with all selections needing to win for the bet to be successful.
Rake: The commission taken by the house from each pot in a poker game.
Spread: The point difference between the scores of two teams in a game, used to even out the betting odds.
Tilt: Emotional frustration or anger that can affect a player's decision-making and lead to reckless gambling.
Underdog: The team or player that is not expected to win, often associated with higher betting odds.
Vig or Vigorish: The commission or fee taken by the bookmaker on bets.
Whale: A high-stakes gambler who wagers large amounts of money.

Sporting terminology

Ace- Its is a legal service that isnt touched by the opponent.
Booking- A term used in soccer to indicated when a player has been given a yellow card or red card by a referee.
Home Run- In baseball, a batter scores a home by hittingthe ball in such a way that they are able to make a complete circle of the bases and reach home in one play
1. Accumulator: A single bet that links together two or more individual wagers. All selections must win for the bet to be successful.
2. Bookmaker: A person or company that accepts and pays out bets on sporting and other events.
3. Decimal Odds: A way of expressing odds where the potential return includes the stake, represented as a decimal number (e.g., 2.0 represents even money).
4. Favorite: The team or outcome that is considered more likely to win and therefore pays out at lower odds.
5. Handicap Betting: A method used to even out the odds between two unevenly matched teams by giving the underdog a points advantage.
6. Juice: The commission or vigorish taken by the bookmaker on bets.
7. Moneyline: A type of betting where the odds are expressed in terms of a fixed amount for a given stake, with no spread involved.
8. Odds: The likelihood of a particular outcome happening, expressed as a ratio or a fraction.
9. Point Spread: A margin of points set by oddsmakers to handicap the favorite and balance the odds of betting.
10. Underdog: The team or outcome that is considered less likely to win and therefore pays out at higher odds.