sports betting
Athletic outcome wagering
Sports betting is wagering money on the outcome of athletic competitions.
Bettors place bets on which team or player will win, point spreads, over/under totals, and countless other variables.
Once confined to Nevada and underground bookmakers in the United States, sports betting has expanded rapidly since a 2018 Supreme Court ruling allowed states to legalize it: I lost fifty bucks on sports betting last weekend.
One who takes bets
- punterOne who kicks footballs
- bookieOne who takes wagers
- sportsbookGambling venue for athletics
- casinoFacility for wagering
stake · parlay · accumulator · spread · over-under · moneyline · handicapper · vig
Quantified chance of occurrence
- moneylineWager on outright victor
- spreadTo distribute widely
- over-underBet on point totals
- favoritesMost preferred choices
underdogs · lines · point spread · even money · long shot · closing line · opening line · true odds
Equalizing chances artificially
- arbitrageExploiting price discrepancies
- hedgingNoncommittal maneuvering
- expected valueProbability-weighted outcome average
- sharpFine-edged, or astute
square · fading · middling · tout · tipster · model · edge · ROI
Money distributed to recipient
- winningsMoney gained from betting
- profitGain exceeding expenditure
- lossBeing without something
- pushForce something away
void · cover · cash · hit · miss · upset · underdog win · sweat
Sharpened post or share
- exposureState of being unprotected
- volatilityRapid, unpredictable changeability
- varianceSpread around the mean
- bad beatImprobable losing hand
downswing · bust · chasing losses · tilt · limits · self-exclusion · bankroll · ruin
bookmaker
One who takes bets
- punterOne who kicks footballs
- bookieOne who takes wagers
- sportsbookGambling venue for athletics
casino · stake · parlay · accumulator · spread · over-under · moneyline · handicapper · vig · juice
probability
Quantified chance of occurrence
- moneylineWager on outright victor
- spreadTo distribute widely
- over-underBet on point totals
favorites · underdogs · lines · point spread · even money · long shot · closing line · opening line · true odds · payout
handicapping
Equalizing chances artificially
- arbitrageExploiting price discrepancies
- hedgingNoncommittal maneuvering
- expected valueProbability-weighted outcome average
sharp · square · fading · middling · tout · tipster · model · edge · ROI
payout
Money distributed to recipient
push · void · cover · cash · hit · miss · upset · underdog win · sweat · lock
stake
Sharpened post or share
- exposureState of being unprotected
- volatilityRapid, unpredictable changeability
- varianceSpread around the mean
bad beat · downswing · bust · chasing losses · tilt · limits · self-exclusion · bankroll · ruin · overbetting
futures
Contracts for future delivery
- propsTheater accessories or praise
- proposition betsWagers on specific occurrences
- totalsFinal sums computed
spreads · parlays · teasers · pleasers · round robin · specials · halftime · quarters
- money mistakesoverspending, impulse buying, debt spiral, no savings, late payments
- Predictionprediction, forecasting, forecast model, estimation, extrapolation
- online gamblingsportsbook, casino games, slot machines, casino apps, slots
- gaming revenuetable games, handle, win, house edge, high roller
- vice industriesstrip clubs, porn, pornography, adult entertainment, sex shops
- gamblinggamble, casinos, casino, bets, wager
sports bettingslot machines
Coin-operated gambling devices
lottery · roulette · scratch cards · bingo · keno
sports bettingsaving
Reserving for future use
savings accounts · risk aversion · certificates of deposit · financial security · guaranteed income
sport, better, betting, sporty, gambling, sportsman, sportsmanship, sportswear, sportive