| Sports betting are actually one of the many forms of | | | | The spread - Only used in high scoring sports like |
| gambling. Like the common casino games, sports | | | | football and basketball, also known as handicap; used |
| betting draw the same principles. Analyze, choose, | | | | to make a game competitive in the bettor's eye. The |
| place bet and wait for outcome. Sports betting are | | | | spread is actually giving one team a few points |
| popularized in every country in the world although in | | | | advantage. |
| some country it is deemed as illegal but this does not | | | | The money line - In sports where score is not high |
| slow down the popularity and involvement in sports | | | | enough to use a point spread such as baseball, the |
| betting. | | | | money line is used. A money line is simply stating the |
| Easy as it sounds, however, placing a bet can be a | | | | price of a bet to win a dollar. Example: |
| complicated matter - different sports have their own | | | | TEAM A -1.30; TEAM B +1.10 |
| system and odds. Do not understand what that | | | | The scenario is like this, TEAM A won and you placed |
| means? Well, I will first explain the Jargons commonly | | | | $130 bet on TEAM A, this is how it is calculated: [$130 |
| used in sports betting industry. | | | | $1.30] = $100 [Your winnings] |
| Handle - Refers to the total amount of money placed | | | | If TEAM B wins, and you bet on TEAM B is $130, this |
| on bets | | | | is how it is calculated: [$130 x $1.10] = $143 [Your |
| Sportsbook - Refers to organization that takes bets, | | | | winnings] |
| commonly known as book. The individual who takes | | | | Pick'em - Some money line games will be listed as |
| the bets is called bookie. | | | | pick'em. This means that teams are considered equal. |
| Handicap - In sports betting, this refers to giving a single | | | | If the line is -1.20, then both teams requires $1.20 to win |
| team points advantage to level the betting field. | | | | $1. |