bet. (bĕt) n. 1. An agreement usually between two parties that the one who has made an incorrect prediction about an uncertain outcome will forfeit something stipulated to the other; a wager: made a bet that it would stop raining before 2:00. 2. An amount or object risked in a wager; a stake: a bet of $50. 3.
betting definition: 1. the habit of risking money on horse races, sports events, etc.: 2. the habit of risking money…. Learn more.
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betting meaning: 1. the habit of risking money on horse races, sports events, etc.: 2. the habit of risking money…. Learn more.
Betting meaning. (0) Present participle of bet. verb. 1. 0. Describing one who bets or gambles. If I were a betting man, I'd wager my next pay check he couldn't do that again. adjective.
In sports betting, “line” is a phrase used for the pointspread. It is commonly referred to as the betting line or the gaming odds used in determining the parameters for betting on either the underdog or favorite in the sports events. The practice of betting on the line encourages wagering on both sides.
If you are betting on a team with a (+) in front of their odds, they are viewed as the underdog in a particular matchup. A team with a (-) in front of their odds are considered the favorite in that matchup. +1.5 Means Different Things Depending on The Sport. Almost all sports offer spread betting, but they behave differently depending on the sport. The most common sports that offer spread bets are basketball and football, but baseball, hockey, and soccer offer spread bet variations.
The standard (and often implied) number is –110, meaning a successful bet of $110 would net $100 profit. This is the “juice” or “vigorish” (aka “vig”) for the house or sportsbook.
In the example above between the Cowboys and Giants, the point spread is 4.5 points, while the odds are -110, meaning you would have to wager $110 to earn a profit of $100, or a profit of $0.91 for every dollar you bet. A losing bet is quite simply you betting on the Cowboys -4.5 and they only win by four, for example.