Sports Betting 101
Here are some of the most common questions about sports betting to help get you started!
What is sports betting?
Sports betting is the act of wagering or betting money on the outcome of a specific result on a sporting event.
How do I bet on sports legally and safely?
A lot of sports betting now takes place online. There are many different sports betting sites to choose from. Finding a legal and safe betting site is now more important than ever.
What sports betting terms do I need to know?
How do I read sports odds?
Reading sports odds can be tricky at first. We have a full guide below that details the different types of odds available and how they work!
Find out how to read sports odds today!
What are betting lines?
The term “betting lines” is another way you can talk about odds. Just like with odds, there are a number of different ways they can be displayed.
What is a moneyline?
A moneyline is one of the most common forms of sports bet you make. With a moneyline bet you usually bet on the outcome of a game – win, lose or sometimes even a draw.
What is a parlay bet?
A parlay bet is where you can combine single bets into one bet. But why would you want to do that?
What is point spread betting?
Point spread betting is a type of betting that is used in many sports. Spread betting helps to level out the difference if one team is very good and one isn’t.
Spread betting helps to make a game more competitive and gives a great chance to place a wager.
Where can I bet on sports?
Betting sites and online sportsbooks are now becoming one of the easiest and safest ways to bet on sports. Many Americans are now realizing the benefits to using betting sites to bet on sports.
How do I sign up to a betting site?
In order to get access to betting sites you will need to sign up for an account. Most betting sites now have a quick, safe and easy way to sign up for a betting account.
How can I place a bet online?
Once you have a betting account on a betting site you can start to place bets.
How much should I bet?
We’ll say it straight out. You should only ever bet with what you can afford. Never bet outside your means.
What is a bet slip?
You can find bet slips on all betting sites. Bet slips or betting slips help you keep track of your bets.
What are betting picks?
Betting picks are suggested bets for a specific event or game. Some services will charge you for betting picks and while many are legitimate operators you should be careful.
At BetBlazers our betting picks are safe, legal and free!
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What is sports betting?
Sports betting as defined by the BetBlazers dictionary
Gambling, making a wager or placing a bet. These are all different ways of saying the same thing and that’s betting! Sports betting is the act of placing a bet for a fixed fee of money on the outcome of a sports event. This can be done for a number of sports. Whether it’s football, basketball, baseball, hockey, soccer and many more!
. but can you find sports betting online?
That’s an easy one. Yes you can! There are a number of great betting sites and online sportsbook now offering odds for your favorite sports.
There are many different types of sports betting and many different kinds of sports you can bet on.
Jump to Learn About Betting Sites
Safe and Legal Sports Betting
Online sports betting is currently legal in these US states
Online sports betting has never been bigger. With more and more states legalizing online betting, many Americans are coming to realize the massive advantage that sports betting online presents. You can find a full list of all US states who currently have legal sports betting already in place. *More and more states are making online sports betting legal. Check back to find out updates on your state!
States with Legal Online Sports Betting
Sports Betting Terms You Need To Know
We’ve collected some of the most common sports bettings terms we think you need to know in order to get started and understand the basics of sports betting as a beginner.
*It’s good to remember that here in the US we have our own terminology for different types of bets and odds. So don’t be surprised if you see a lot of different terms that mean similar things. It usually isn’t much more complicated than you would think!
Key Sports Betting Terms
- Odds: The number a sports betting site will give to a team or individual to show how likely something will happen. For example who will win.
- Betting line: Another term for odds. This can be applied to any type of odds market. For example, moneyline, points spread.
- Moneyline: A type of bet that means you back one team to win a game.
- Parlay: A type of bet where you put a number of different bets together into a single bet. This increases the odds but means you have to win all of your bets to win!
- Favorite: This is the team that is expected to be the most likely to win.
- Underdog: The team or individual in a game that is expected to lose
Click below to find a long list of key sports betting terms.
Sports Betting Glossary
Sports Betting Terms: A-M
- Bet slip: This is where your current bets and finished bets will appear on a betting site. This allows you to keep track of your wagers, the price of the odds and how much you are betting.
- Betting Line: Another term for odds. This can be applied to any type of odds market. For example, moneyline, points spread.
- Book (see also sportsbook): Any type of establishment that offers wagers for sports betting. Basically a short and sharp way of saying a sportsbook, bookmaker or betting site.
- Cash Out: A type of betting insurance where you can opt to back out of a bet before the bet closes and claim back some of your original wager
- Consensus: Refers to the percentage of players betting on either side of a game. If you bet against the “public money” it means you will place a bet against what the majority of people are betting on.
- Cover (the spread): To win a wager by more than the point spread. If a favorite is to cover they must win the game by a number higher than spread. For an underdog to cover they must lose by less than the spread.
- Dog (see also underdog): This is the team that is expected to be the most likely to lose in a game.
- Even (Even Money): A $100 bet to win $100.
- Handicap: Another term for spread betting. An advantage or deficit applied to a team depending on whether they are a favorite or underdog
- Favorite: This is the team that is expected to be the most likely to win.
- Futures (Future bets)A type of bet made on a longer term outcome. For example who will win a division, a championship or a player to come out on top. Also known as an outright or outright betting.
- Limit: The maximum amount of money allowed to be wagered on a single bet.
- Moneyline: A type of bet that means you back one team to win a game.
Sports Betting Terms: N-Z
- Odds: The number a sports betting site will give to a team or individual to show how likely something will happen. For example who will win.
- Point spread: Used in spread betting. The handicap applied to a favorite or underdog in a match that they must overcome in order to win the bet.
- Parlay: A type of wager that will combine any number of bets into a single bet. All bets must win if you are to win a parlay. Parlays can be made across multiple games or sports. Same game parlays are when a number of bets on a single game are combined.
- Prop bet (proposition betting): A type of bet that is not on the outcome of the game. For example, how many runs in a game or the first player to score in a game.
- Puckline: Another way to say the “point spread” but used only in hockey.
- Push: Specific to spread betting. When neither covers the spread and it lands exactly on the spread. Bets are usually refunded.
- Runline: Another way to say “point spread” but used only in baseball.
- Sportsbook: Another term for betting site. Any type of establishment that offers wagers for sports betting.
- Underdog: The team or individual in a game that is expected to lose.
- Wager: Another word for a bet.
How to read sports odds
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