Gambling terms laying
Casino Gambling glossary - page 2 of 3. Casino glossary G to Q, gambling terms, meaning of words: Terminology, Jargon, and this is what is meant by 'laying the odds'. Terminology You don't need an advanced degree to understand the language of sports gambling. Laying the Points - Betting the favorite by giving up points. Home Gambling Terms General L: Suggestions? Laying Off: Where a bookmaker reduces their exposure on a winning horse or team by backing it with other bookmakers.
Sports Betting Terminology
This text assumes that bettors will be making a sports bets against a book. Unlike the progressive Jackpot system where the accumulation is granted when, playing for the highest stakes and the maximum possible combination is hit , Megalats works according to the mystery system: Chalk - The favorite. Wagering on the underdog at one point spread and the favorite at a different point spread and winning both sides. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total. The opposite of the favorite is dog.
Casino Terms Lingo & Jargon at gamerisms
Having a wager on a game. ATS "against the [point] spread": If a team is ATS, it means it has a record against the point spread, or more commonly referred to simply as the "spread. When a team scores points at the end of a game to cover the spread unexpectedly. Losing a bet you should have won. It's especially used when the betting result is decided late in the game to change the side that covers the spread.
Also used in poker, such as when a player way ahead in the expected win percentage loses on the river last card. Someone who places a wager for another person aka "runner". Short for sportsbook or bookmaker; person or establishment that takes bets from customers. A person who accepts bets illegally and charges vig. Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds.
For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2. He has then "bought" half a point, and the odds of his bet will be changed. The favorite in the game. People said to be "chalk" bettors typically bet the favorite. The final line before the game or event begins.
Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game. The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread. Sports bettors might feel they have an edge on a book if they think its lines aren't accurate. Odds that are considered Any wager other than a straight bet or parlay; can also be called a "prop" or "proposition wager.
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Lay Betting Lay betting is quite simply betting on an outcome you think will not happen. In football this is a new and increasingly profitable area for punters to take advantage of. Lay betting is also particularly popular in horse racing as it is often much easier to lay or bet against a horse than selecting the winning runner and rider. Lay Betting Explained Lay betting is common on betting exchanges and works when two punters have opposing views.
When odds are agreed this then becomes a matched bet. The odds therefore that punters are willing to bet on are usually much higher than traditional bookmakers and betting exchanges notoriously have better odds.
Liverpool win or a draw then the best price in which to lay Manchester United is at 2. If you think Liverpool will not win Manchester United win or draw then the best price in which to lay Liverpool is 3. This involves betting on both outcomes backing and laying so that your total liability or loss is less than your total return or profit.
This can occur as individuals have varying opinions and thus odds on a result or outcome. Differences in odds may also be brought about by a number of factors such as team news, injuries, suspensions and the starting eleven. Lay betting can also be used as part of a long term betting strategy. For example, Everton traditionally finish the Premier League season strongly and usually achieve a top half finish. Backing Everton to achieve a top half finish whilst their odds are higher when they are in the bottom half of the Premier League table early in the season and then laying Everton when they have climbed up the table and are more assured of a top half finish should also guarantee punters a profit.
Lay betting can also work on in play betting markets. Laying the Arsenal win might and could have guaranteed many punters a guaranteed profit with the right stake levels as anything other than an Arsenal win seemed extremely unlikely. Newcastle famously came back and drew the game Literature on lay betting explained is available on most betting exchange websites.
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