Bookmark this page. Every betting term you'll encounter, explained simply.
Arbitrage (Arb)Placing bets on all outcomes of a game across different sportsbooks to guarantee a profit regardless of result.American OddsThe standard odds format in the US. Negative numbers (e.g. -150) show how much you bet to win $100. Positive numbers (e.g. +130) show how much you win on a $100 bet.Bonus BetA free bet token from a sportsbook. If it wins, you collect the winnings but not the stake. If it loses, you lose nothing since it was free.Bookmaker / BookA company that accepts sports bets, such as DraftKings, FanDuel, BetMGM, Caesars, or theScore Bet.Decimal OddsAn alternative odds format popular in Europe. Multiply your stake by the decimal to get total payout. E.g. 2.5 odds on a $100 bet = $250 total return.FavoriteThe team or player expected to win. Shown with negative American odds (e.g. -150).HandleTotal amount of money bet on a game or at a sportsbook.HedgingPlacing a bet on the opposite side of an existing bet to reduce risk or guarantee profit.Implied ProbabilityThe probability of an outcome implied by its odds. -110 implies about 52.4% probability.Juice / VigThe sportsbook's built-in profit margin. Most markets are set at -110/-110, meaning you risk $110 to win $100 — the $10 extra is the vig.LineAnother word for the odds on a game.Moneyline (ML)A bet on which team wins outright, with no point spread. This is what we scan for arb opportunities.No Sweat BetA bet where if you lose, the sportsbook refunds you as bonus bets up to a specified amount. Also called First Bet Insurance or Risk-Free Bet.OverroundThe sum of all implied probabilities for all outcomes in a market. A normal market is over 100% (that's the vig). An arb exists when it's under 100%.Point SpreadA handicap given to the underdog to level the betting field. The favorite must win by more than the spread.Profit BoostA promotion that increases your potential winnings by a set percentage. Also called an Odds Boost.SharpAn experienced, sophisticated bettor who often moves lines with large, informed bets.SquareA casual, recreational bettor. Most bonus promotions target squares — we help you benefit from those promotions.StakeThe amount of money you bet.UnderdogThe team or player expected to lose. Shown with positive American odds (e.g. +130).UnitA standardized bet size used to track performance. Many bettors use 1% of their bankroll as 1 unit.Withdrawal / CashoutTaking money out of your sportsbook account back to your bank account or payment method.