If something has grown in the past years it is sports betting, Internet has undoubtedly contributed to the increase of this activity which some individuals get involved with just for the fun or pleasure it gives them to find out if their instincts are correct and some others take it as a funny and exciting way to earn some extra money.
For fun or for money, if you are considering getting into it, here are the top ten sports betting terms you must know beforehand so as to understand what is going on around. Even knowing you are a beginner you will be asked or talked about some basic betting things, which you need to know. There are much more than these listed ten terms but you will catch them easily as you get involved in sports betting and find out what it is about.
Action. It refers to any type of bet, also the sum of money being gambled on a particular game.
Bankroll. It is the money the player is planning to wager or the amount of money available for gambling that the player counts with.
Beard. It is third person that bets for another one so as to keep the identity of the real bettor undercover
Chalk player. It is someone that normally bets on the favourites, placing his money to the team favoured to be the winner.
Circled game. In US sports game, the bookmaker restricts the bets usually when circumstances like bad weather, injuries or rumours that could affect the winning chances of a team.
Hedging. It is a common practice among gamblers and it means placing a bet on the opposite part so as to minimize losses or to assure a minimal winning. You will probably be suggested to hedge or asked if you want to hedge at some point.
Lock. It refers to a favourite, a sure winner who cannot lose.
Past Post. I means betting after the game or event has already begun.
Value. It means getting the best possible odds on a bet, the highest feasible edge.
Wager. Refers to any bet.