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.
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).
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).
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!
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Categories: Sports betting
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