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March 7, 2018

What Is Handle And Other Common Sports Betting Terms To Know

Martin Derbyshire March 7, 2018 0 comments
sports betting terms definitions new jersey

All signs point to legal and regulated sports betting coming to a casino or racetrack near you sometime in the very near future.

In fact, New Jersey has been fighting to get legal sports betting at casinos and racetracks inside its border since 2011. In 2017, the US Supreme Court heard the state’s case against the federal ban on sports betting almost everywhere outside of Nevada.

Anticipating a decision in New Jersey’s favor sometime in 2018, as many as 20 states have now passed or are considering passing legislation legalizing sports betting if the federal ban should fall.

No matter how you look at it, it’s probably time you learned a little more about sports betting. Here’s a glossary of some of the more popular sports betting terms to get you started:

Action

An action is just another word for a bet. The amount of action on a particular event is equal to the amount bet. Whichever side a gambler chooses to put his or her action on is which side they are placing bets on. Having action on a game is the same thing as having a bet on it.

Beard

A beard, also known as a runner, is someone who places a bet for another person.

Book

A book is short for sportsbook or bookmaker.

Bookie

A bookie is a person that will takes bets and pays out winners. Generally, bookies operate in the black market. However, the person taking your bet and paying out winners at a sportsbook may also be referred to as a bookie.

Like sportsbooks, bookies may also set the odds on different sports bets.

Closing line

The closing line is the final betting line set before a game begins.

Cover

When a favorite wins by more points than the spread, it is said to have covered the spread.

Edge

Any advantage a gambler, team, or individual may have is referred to as an edge.

Favorites and underdogs

The favorite is the team or individual in the sporting event most likely to win. If they are a big favorite, they are often referred to as a lock.

On the other hand, the underdog is the team or individual most think will lose. If the most people think a team or individual stands very little chance of winning they are often referred to as a longshot. However, it’s always important to remember that in sports, anything can happen. Locks sometimes lose and longshots pay off.

Futures bet

Futures bets are long-term bets. They are usually placed on a team’s full season. Common futures bets include those placed on an NFL team to win the Super Bowl before the start of the season.

Handle

A handle is the total amount of money a sportsbook takes in on bets. Its revenue is only a small percentage of the total handle.

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Layoff

A layoff is money bet on the other side of a wager to reduce exposure and liability.

Money line

The money line is the odds on a bet. The money line represents how much you need to bet to win $100 on a favorite, or how much you can win betting $100 on an underdog.

The money line on the favorite to win a game is represented by a negative number. For example, the money line on the Patriots to beat the Eagles may be -110. This would mean you would need to bet $110 to win $100 plus your initial bet back of the Patriots win.

The money line on the underdog to win a game is represented by a positive number. For example, the money line on the Eagles to beat the Patriots may be +150. This would mean you would win $150 plus your initial bet back if you bet $100 on the Eagles and they won.

The point spread has no effect on money line bets.

Over/Under

The over/under is a line set on the total points that will be scored in a game by both teams combined. Gamblers bet on whether total will be over or under the set line.

For example, the over/under on the Eagles versus the Patriots might be 45. If the final score of the game is Eagles 25 Patriots 24, the total score would be 49 and all bets on the over would pay. If the final score was Eagles 24 Patriots 20, the total score would be 44 and all bets on the under would pay.

Parlay

A parlay bet combines more than one wager. All bets have to win for the parlay to pay. Therefore, it’s the more the merrier, meaning the more bets you make in a parlay the better winning it will pay. However, the reason large parlays come with larger payouts is that they are so hard to win.

Pick ’em

A game with no favorite or underdog is referred to as a Pick ’em game. The point spread on the game would be zero.

Point Spread

The point spread is the number of points the favorite in a certain game must win by in order for point spread bets on that team to win. Gamblers can also make the point spread bets on the underdog, which pay off when the underdog wins or the favorite wins by fewer points than the established point spread.

For example, the point spread on the Patriots versus the Eagles might be 3.5 points. If the Patriots are the favorites, they would need to win by more than 3.5 points to cover the spread. If the final score of the game were Patriots 17 Eagles 10, the Patriots would have covered and all point spread bets on the Patriots to win would pay. On the other hand, if the final score of the game were Patriots 17 Eagles 16, the Patriots would not have covered and only point spread bets on the Eagles would pay.

In other words, once a point spread is set, the favorite must cover for all point spread bets on that team to win. If they don’t, all bets on the underdogs pay off. An easy way to check the winner is to add the point spread number to the underdog’s score. If the favorite is still ahead straight up, they cover the spread.

Proposition bets

Proposition bets are also called props. Props are often exotic bets that have very little outcome on a game. Essentially, gamblers are betting on something to either happen or not. Past props have included bets on who will win the coin toss, which team or player will score first, and the like.

Push

A point spread bet is considered a push when the final score lands on the point spread number. For example, it’s a push if the Eagles are favored by three points over the Patriots and the final score comes up Eagles 27 Patriots 24.

Sharp

A sharp is a professional sports bettor who always seems to be on the right side of things. Sharps often have inside information and bet wisely.

Sportsbook

A sportsbook is a legal and regulated operation that will take bets on sports and pay out winners. Sportsbooks are often located inside casinos. Sportsbooks may also set the odds on different sports bets.

Square

A square is a casual gambler that follows public sentiment when wagering. A square often has very little inside information and bets with the heart instead of the mind. Squares are the opposite of sharps.

Tout

A tout is a person or a service that gives away or sells picks on various games.

Vigorish

The vigorish, also known as the vig or the juice is the commission a bookie or sportsbook takes on a bet.

Bundle Up And Enjoy A Few Tropicana And Virgin NJ Online Casino Promos

March 7, 2018 0 comments
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If you’re online checking the forecast, then you know bad weather is on the way — so who wants to head outside? With a couple of great online casino promos from Tropicana NJ and sister site Virgin NJ, you don’t have to.

Charge your tablet or phone (or open up that laptop) and snuggle up for some exciting promotions that will warm your heart and help you forget about the forecast. Winning just might be on the horizon.

Tropicana NJ is ready to warm you up

If you’re ready to give your bankroll a boost, then this NJ gambling website promo from Tropicana is worth a look.

Tropicana Bonus Share

If you’re looking for the best bonus at NJ online casinos, you’re in the right place.

Tropicana Bonus Share has a $7,000 Sharepot that may bring you a little luck and a portion of a pot of gold, er, bonus money.

In this case, the Tropicana Bonus Share has three challenges for you to complete by March 8. Each challenge earns you one Sharepot ticket entry with a max of three entries. (Yes, we know it’s already March 7, but there’s time!)

All you have to do is just play your favorite games at Tropicana NJ and complete the challenges before 11:59 pm ET on March 8.

The three challenges are:

  • Make a net deposit of at least $50 and wager through your net deposit one time.
  • Wager at least $50 using the Tropicana NJ mobile app.
  • Wager at least $50 on two or more days during the promo period.

And just so you know, bonus money can only be played online and expires in 30 days. As with all Tropicana NJ promos, there is a 1x wagering requirement before you can withdraw any cash. May Lady Luck shine on you!

Time Turner Bonus

But if that doesn’t interest you, then perhaps a happy hour will do later in the week. The Time Turner Bonus at Tropicana is all about happy hours, but it’s important you remember to spring those clocks forward this weekend so you don’t miss the happy hours!

From March 9-11, you can earn 15 percent cash back on your total net loss during Happy Hours at Tropicana NJ. When are happy hours, you ask?

Well, from 11 a.m.-1 p.m. and 3-5 p.m. on those days, all you have to do is wager at least $20 on any online casino game at Tropicana. Then, earn that 15 percent cashback bonus based on your total net loss (total wager minus your total win).

Now, you can win as much as $15 per Happy Hour session for a total of $90. So only bet what you can afford and what works best moneywise. Remember, of course, that the same wagering requirements apply.

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A prize awaits you at Virgin NJ

For more entertaining promos you can enjoy right from the comforts of home, Tropicana’s sister site Virgin NJ has you covered with a couple great prize draws just in time for spring.

Win a new wardrobe

Put a little pep in your step (and in your wardrobe) this spring with a Macy’s $200 gift card. Virgin NJ has five such gift cards to hand out to five lucky winners.

From now through 11:59 p.m. on March 11, you can opt into this prize draw. Wager $50 on your favorite games, and you’ll earn one entry into the prize draw, for a max of five entries a day.

On March 12, five winners will be picked, which means a new wardrobe is only a few clicks away.

Or win a trip to South Carolina

If you follow NJ online casino reviews, you know Virgin Adventure bonuses are fan favorites. Each month, Virgin Adventures gives you a chance to win a trip to someplace special. And since the weather has been not so good the last few days, we are pretty excited about getting away for a bit.

For this month, Virgin NJ is going to take you to historic Charleston, South Carolina — a $2,000 value. Enjoy the history and the charm as you experience Rainbow Row firsthand.

From now until Monday, April 2, wager $50 on your favorite games, and you’ll earn one entry into the prize draw. Of course, as with the previous Virgin prize draw, you can have a max of five entries a day. And at the end of the month, one lucky winner will be picked. An exciting adventure awaits you!

Ultimately, with so many great promos to choose from, you can pick one or pick them all. Enjoy great bonus offers right from the comforts of home — whether it snows a little or a lot. Happy winning!

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