Saturday, May 25, 2024

Glossary of common sports betting terms: Parlay, against the spread, money line, plus props explained

Legal online sportsbooks are in more states than ever, and more sports fans than ever are placing their first wagers on their favorite teams. If you are new to online sports betting, or sports betting in general, figuring out which betting style is right for you can be overwhelming. Knowing the ins and outs of legal online sports betting is a lot easier to navigate if you know terms in the sports betting glossary. Below, we’ve included several popular sports betting terms to help you get started and place your first sports bet like a pro.

At Caesars Sportsbook, there are more ways to play than ever. In fact, if you are a new registrant who is 21+ and located in an eligible state (AZ, CO, DC, IA, IN, LA, MI, NJ, NY, TN, VA, and WV)*, you can register, deposit, and get your first bet up to $1,250 on Caesars with the code GAMEFULLC. If your bet doesn’t hit, don’t worry. Caesars will give you a single free bet credit you can use within 14 days. (Terms and conditions apply. See details here. Offer expires 11/1/2022). All told, there are plenty of ways to take advantage of your sports book deposit offer.

Sports book betting guide, glossary, terms

Before you play, make sure you know the common betting terms you’ll see. There are dozens of ways to bet on sports, and this handy sports betting guide can help you figure out what some of the most popular sports betting terminology means.

Money line: Baseball is the main focus in the sports world right now, and the most popular way to bet on it is with a money line bet. If New York is a -250 favorite, a $250 bet can return $100 if they win. If Boston is a +260 underdog, a $100 bet could return $260.

Live betting: The best way to follow your favorite baseball team this postseason is to place a live bet. Sportsbooks update outcomes as a game unfolds, so you can place bets between innings on whether the pitcher will strike out the side or whether a certain batter will hit a home run.

Prop bet: This popular betting style involves betting on outcomes other than the final score of a game. Popular props include how many touchdown passes a quarterback will throw or how many three-point shots a basketball player will have.

Against the spread: Spread betting is your go-to if you want to wager on football. If Denver is listed as the 7.5-point favorite against Indianapolis, that side must win by 8 points or more to cover the spread. Indianapolis can cover the spread by winning outright or losing by 7 or fewer.

Push: If neither team can cover a spread, the result is called a push. If Dallas closes as a three-point favorite against Cincinnati and then wins the game 27-24, neither team covers the spread and all bets are returned.

Teaser: A teaser is a type of parlay where you can adjust the point spread to lower the risk. If your two favorite teams are seven-point favorites and you are unsure if they will cover their spreads, you can use a six-point teaser to drop each team to a -1 favorite and only need two points to cover.

Parlay: This type of bet involves two or more sides on one wager, so the risk is higher for the bet to win but the reward can be worth it. A $100 bet on a four-team parlay at 11-1 odds could return $1,100 if all four sides win. If only three sides win, the bet is a loser.

Over-under: This is an easy way to wager on sports with high score totals, so it’s perfect if you want to bet on basketball. Sportsbooks will predict the final total of the teams’ combined points and you simply pick whether you think the final total will be over or under the sportsbook’s number.

How to get the latest Caesars Sportsbook promo code

Ready to get started? Click here to get your first bet up to $1,250 from Caesars (See details here). Remember to use the code GAMEFULLC.

Available Caesars Sportsbooks include:

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*21+ new users only. Offer open to AZ/CO/IA/IL/IN/LA/MI/NJ/NY/TN/VA/WV. Bet amount of qualifying wager returned only if wager is settled as a loss. Paid as a single bet credit. Maximum bet credit $1,250. Bet credit must be used within 14 days of receipt. Promotion ends on 11/1/22. See for full terms. Sports betting is void in Georgia, Hawaii, Ohio and Utah and other states where prohibited. Some prop bets are prohibited in CO, MS and TN. Know When To Stop Before You Start® Gambling Problem? IL, NJ, PA, WV: If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2357) or WV: visit; AZ: Call 1-800-NEXT-STEP; CO, DC, NV: Call 1-800-522-4700; IN: Call 1-800-9-WITH-IT; IA: Call 1-800-BETSOFF; LA (Permit pending at Horseshoe Bossier City.): Call 1-877-770-STOP; MI: Call 1-800-270-7117; TN: Call or text TN REDLINE at 1-800-889-9789; VA: Call 1-888-532-3500. Standard text rates may apply. ©2022, Caesars. Entertainment – Gambling Problem? NY Call 877-8-HOPENY or text HOPENY (467369). Standard text rates may apply.

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