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Smart money sports betting12/23/2023 A given bankroll is usually composed of deposits and wins, minus losses. BankrollĮvery bettor has a bankroll, which is the total amount of money they are willing to bet with. Betting types and kinds of bets are discussed in greater detail in their own section below.īettors are often divided into two categories - sharps, who are seen as smart money or experienced bettors, and squares, who are seen as recreational bettors. The bet itself is often referred to as a ticket.īets come in several broad types (Money line, Handicap, and Totals), and there are various kinds of bets within each broad type (such as straight bets or accumulators). The amount of a bet is often referred to as the stake. Basic Termsīefore a player can get into sports betting, there are some basic terms that may need clarification.Ī bet - also known as a wager or action - is the most basic concept and generally refers to money wagered on the results of a contest, like a football match or hockey game. This Sports Shield Guide to Sports Betting Lingo will explain all these terms in an easy-to-understand manner, as they relate to more general concepts in sports betting. One of the biggest barriers to entry for anyone trying to get into the action in online sports betting is all the unfamiliar lingo and terminology.Įven when the concepts are simple, the use of specialized language to describe aspects of the online sports betting world makes those concepts less accessible to people who don’t know those terms.
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