Sports betting education 101

American odds are used in the US betting market and are based on winning $100 on a given bet.

Point difference in winning margin in a game. A team must win or lose by a specific number of points to cover the difference and win the bet.

Over/under or total is betting on the total number of points scored in a sporting event. Over/under is also used in backing bets.

Money line bets simply choose the winner of a sporting event regardless of the point difference. You can choose your favorite team or the weaker team to win the game.

Parlay is a bet in which multiple bets are linked together to increase the odds of winning. Each leg (bet) in the parlay must hit to win.

Push is a tie between the sportsbook and the sports bettor, resulting in the original bet being refunded to the bettor.

Hedging is a strategy in which bettors take the opposite of the original bet they made in order to minimize or eliminate losses and ensure a profit.

Arbitrage is when a sports bettor places multiple bets on the same game in order to guarantee a profit regardless of the outcome of the game. It is usually done with though bets with many sportsbooks.

Round Robin allows bettors to create a series of smaller parlays inside one large parlay bet to maximize the number of possible combinations. Sports betting education 101

John Verrall

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