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Basic Sports Betting Glossary

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Before we get started, here are a few sports betting terms you should know of if you don’t know them already.

Sports Betting Lines/Odds (USA): There are two possibilities, the odds can be either a positive or a negative figure.

Positive figures

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If the odds are a positive figure (underdog), the odds are quoting how much money will be won on a $100 wager (this is done if the odds are better than even). Even odds are quoted as 100. Fractional odds of 4/1 would be quoted as +400, while fractional odds of 1/4 could not be quoted as a positive figure, but as a negative figure (favorite).

Negative figures

If the odds are a negative figure (favorite), then the odds are quoting how much money must be wagered to win $100 (this is done if the odds are worse than even). Even odds are quoted as 100. Fractional odds of 1/4 would be quoted as -400, however fractional odds of 4/1 could not be quoted as a negative figure, but as a positive figure (underdog).

Money Line Bet: Betting on the Money Line Odds is betting on which Team you think will WIN outright (by 1 run).

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Run Line Bet: The baseball version of betting against the spread. The run line adds 1.5 runs to the underdog (+1.5) or subtracts 1.5 runs from the favorite (-1.5). The favorite team must cover this 1.5 Spread, and win by 2 runs. A new set of Odds are given to the Run Line Bets.

Bank Roll: The total amount of money you have set aside to be used towards sports betting wagers.

Betting Unit: A predetermined amount of money used as your base bet. If you had a $100 Bank Roll, and your base betting Unit was to be set at a 10/1 ratio for the season, your betting Unit would be $10.

Sports Book: A person or company, live or online that accepts bets/wagers on sporting events.

Odds Maker: An individual who creates the opening lines/odds and then possibly later adjusts the lines/odds, on a sporting event.

Play: Same as a Bet or a Wager.

Favorite: The team that is predicted to win.

Underdog: The team that is predicted to lose. Are you ready to get started yet? I hope so! You will now be learning my great baseball betting system that will change your life forever!

Thank you once again, and please, please, please share your success stories with me!

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