Lesson 1 to the Most Commonly Used Sports Betting Terms

The terms favorite, underdog, and "against the spread" are pervasive in our language that there is no need to mention them.

"Units" - Refers to a handicapper's normal wager amount. Most handicappers will risk a set amount when they bet on games. Higher rated plays will be bet on with more units. Plays can be generally 1, 1.5, 2, 2.5, and 3 unit plays. Rarely would anybody risk much more than 3 times their normal wager amount.

"Money-Line" - Refers to the odds for a team to win the game outright. For example, in a football game a team could be favored to win by 6 points and you can bet them by giving up 6 points or bet against them by getting 6 points. Regardless of how you do it against the spread, your payout will be risking 11 to win 10. With the money line, you do not have a spread but rather you are betting on a team to win the game. The payouts for the favorite are very small because they are already predicted to win the game.

"Revenge" - When handicappers mention revenge, they are talking about a team having lost its previous matchup with its opponent. The belief is that a team having revenge will come into the game much more prepared.

"Vig" - When someone refers to juice, they are talking about the sportsbook's commission on a bet. If a sportsbook gets 50% action on one side and 50% on the other, the sportsbook will profit on what they call the Vig.

We explain over 100 sports betting terms on our site and we advise you to check them out.