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Sports Betting Explained – Sportsbook Guide

Sports Betting Explained: Vegas Sportsbook Odds Explained

The experienced MyBookie team is willing to offer you a way to better understanding and explaining sports betting. Our exclusive betting guide covers every topic related to betting, From straight wagers and money lines, to future bets and teasers; we have anything you need to have a successful and profitable NFL Football Betting season.

How Does Sports Betting Work

You’ve seen the odds and numbers online and on television but need it all explained because you don’t quite understand what they mean and which team is the favorite. You have heard terms like “consensus betting”, contrarian bets”, fade”, and “ATS records” but aren’t quite sure how they can help you win your bet.

This is your sports guide explained and tutorial hub. We’ll explain glossary, sports betting basics on how to read a point spread or how a teaser works, while introducing you to more advanced betting tactics that you can apply to your own betting strategy and handicapping.

Take a look around, learn money management practices that will help preserve your bankroll, learn when the moneyline is a better deal than the point spread and why complicated betting formats can pay off big but come with a risk.

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DOTA 2 Tournaments have strong followings.

Don’t Panic! Enter The World Of E Sports Betting, Dota 2

Written by on January 25, 2024

When you think esports, one of the first names that pop right into your mind is Dota 2. Valve’s foray into the world of MOBAs is such a global phenomenon, that its fifth main tournament, simply named The International, broke a historical, general e-sports record when its grand prize pool reached a mark of over $18,000,000 (USD)! We obviously play … click title for full article.
Handicapping NBA Injuries

Handicapping NBA Injuries in MyBookie

Written by on January 7, 2024

If you’re an NBA betting enthusiast that is looking for some handicapping tips as the steamrolls toward its annual all-star break, then you’ve come to the right place. Thanks to the handful of NBA betting tips on how to handicap your betting picks because of injuries will assist you in your efforts to cash in early and often over the … click title for full article.
2018 March Madness Betting Favorites According to Oddsmakers

Five Golden Rules of College Basketball Betting

Written by on January 7, 2024

With the 2024/25 college basketball season heating up in a big way as we move further into the new year, collegiate round ball betting enthusiasts everywhere need to know all about the five golden rules of college basketball betting. These timeless tips will undoubtedly help you in your efforts to strike pay dirt, not only over the remainder of the … click title for full article.
Sports Explained: Glossary 1, 2, 3...

Sportsbook Glossary: 1,2,3, all Number

Written by on July 31, 2018

2 and 3 Ball Golf betting that involves predicting a player from a group of 2 or 3 to shoot the lowest score. 5 Fold When preceded by a number, a fold indicates the number of selections in a multiple bet. A 7-fold would be a multiple with 7 selections, all of which must win for the wager to be successful.
Sports Explained: Glossary A

Sportsbook Glossary: Aa

Written by on July 31, 2018

A Action A wager of any kind. Accountant Term used by some betting fans for bookmaker (bookie). Across the Board Method of wagering on a horse to win, place and show. Accumulator Name for any accumulative bet more than three selections. Added Game Game that is not part of the regular rotation. Often times this will be a rescheduled game … click title for full article.
Sports Explained: Glossary B

Sportsbook Glossary: Bb

Written by on July 31, 2018

B Back Door Cover When a team comes back to cover the spread when it seemed unlikely. Te term is also used when a team usually out of the game scores meaningless points to cover the spread. Backed Team A team on which lots of bets have been placed. Bad Beat A tough (And almost unbearable) loss. A situation when … click title for full article.
Sports Explained: Glossary C

Sportsbook Glossary: Cc

Written by on July 31, 2018

C Canadian Line A combination point spread and money line in hockey. Civil War American college football rivalry game played annually in Oregon, between the Ducks of the University of Oregon in Eugene and the Beavers of Oregon State University in Corvallis. Chalk The favored team. Chalkeater A player who only bets on favorites. Check hook Boxing & MMA A … click title for full article.
Sports Explained: Glossary D

Sportsbook Glossary: Dd

Written by on July 31, 2018

Daily Double Horse Racing A betting type similar to a parlay bet. It involves two consecutive races, usually the first two races on a card and the last two races on a card. You must pick the winner of the first race and the winner of the next race. Dead Heat A dead heat refers to an outcome where two competitors are tied for the same position….
Sports Explained: Glossary E

Sportsbook Glossary: Ee

Written by on July 31, 2018

strong>Each Way A two part bet, one part on the selection to win, the second part on the selection to place. The place part will be settled at the each way terms of the event, e.g. 1/4 of the odds. Eagle Golf Eagle means scoring two under par (-2)…
Sports Explained: Glossary F

Sportsbook Glossary: Ff

Written by on July 31, 2018

Face-Off Ice Hockey A face-off is the method used to begin play in ice hockey and some other sports. The two teams line up in opposition to each other, and the opposing skaters attempt to gain control of the puck after it is dropped between their sticks by an official. Face-offs are generally handled by centres…
Sports Explained: Glossary G

Sportsbook Glossary: Gg

Written by on July 31, 2018

Goal Goal refers to a method of scoring in many sports, including handball, hockey, soccer, Lacrosse). It can also refer to the physical structure or area of the playing surface where scoring occurs. In several sports, a goal is the sole method of scoring, and thus the final score is expressed in the total number of goals scored by each team…
Sports Explained: Glossary H

Sportsbook Glossary: Hh

Written by on July 31, 2018

Halftime Bet Place a bet at halftime of a game against a new point spread posted by the bookmakers. Handle Total amount of bets taken. Handicap Analyze an event for gambling purposes…
Sports Explained: Glossary J

Sportsbook Glossary: Jj

Written by on July 31, 2018

Jab Boxing & MMA A quick, straight punch thrown with the lead hand from the guard position. Jolly Another term for the favorite in a race. Juice This is the commission that sportsbooks or bookies charge for placing a wager…
Sports Explained: Glossary K

Sportsbook Glossary: Kk

Written by on July 31, 2018

Kentucky Derby Horse Racing Horse race held annually in Louisville, Kentucky, United States, on the first Saturday in May, capping the two-week-long Kentucky Derby Festival. It also known as the first leg of the annual Triple Crown. Key Numbers This represents the most common margins of defeat…
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