Backing the favourite on the Points Spread and therefore accepting the points Handicap
Where a bookmaker reduces liability by covering a bet at another bookmaker; or where an individual bettor reduces risk, limits losses or locks in a profit by backing both sides of a market, or several selections within a market.
Maximum bet amount allowed.
Another word for odds (most common in North America).
Person responsible for setting the lines/odds at a bookmaker
A baseball bet conditional on the named pitchers starting the game, otherwise void.
Betting on an event that is in progress. Regular betting markets close once the event starts, live-betting odds reflect the progress of the event in real time.
Selection which is considered especially likely to occur; often the cornerstone of a Multiple bet.
A selection with long odds (very low probability) suggesting it an unlikely to winner, but offering a proportionately high return.
The implied cost of placing a bet set by the bookmaker. Bookmakers inflate the perceived likelihood of an event – as represented in their odds – suggesting it is more likely than underlying probability.