SportsPub


A

Accumulator

This is like a parlay in that it involves a series of bets in one wager. Each of the bets must win for the wager to win. If one leg of an accumulator loses, the wager loses.

Action

A bet of any kind.


B

Bankroll

The total amount of money someone sets aside to place bets.

Betting Unit

A betting unit is the amount of a typical wager for an individual. Bettors may have different sized bankrolls, and a unit is a way to share how much was bet without giving away a specific dollar amount. For example, a high roller might have a unit size of $10,000 per wager, while someone else may have a unit size of $10 per wager. Both bettors can say they bet 10 units on Tiger Woods to win The Masters, even though it means $100,000 for the high roller vs. $100 to the other bettor.

Bonus

Sportsbooks offer a financial bonus to customers for a variety of reasons. A signup bonus is the most popular way to incentivize bettors to use a certain sportsbook.


C

Consensus

The general agreement about something. In betting, consensus could be the most popular golfer bet to win the tournament.


D

Dead Heat

This only comes into play for certain types of bets. As an example, a first-round leader wager has the potential to result in a dead heat, which means that two or more people are tied for the lead. The payout for a dead heat is calculated by dividing the stake proportionally between the number of winners in the event. Therefore, in a two-way dead heat, your return will be half of what it could have been with the original odds. So, if you bet $10 for Ian Poulter (30-1) to be the first-round leader and you friend bets Harold Varner III (100-1), Poulter bettors would win $15, while Varner bettors would win $50.

Decimal Odds

This is a different way to present odds than Americans are used to. They’re sometimes called “European odds” since this is how odds are listed with European sportsbooks. The math is easier to figure out for most bettors than US moneyline odds. Decimal odds are derived from a simple calculation of the amount bet x odds.

Double Pop

A European way of saying that a bettor will bet twice the normal amount. In the US this is known more often as doubling up.


E

Even Money

A wager that pays the same as was risked. An even-money sports bet is listed as +100 or -100 in a sportsbook. Unlike traditional -110 wager, there’s no vigorish paid to the sportsbook. A bettor risks $100 to win $100 instead of wagering $110 to win $100.


F

Favorite

The favorite is the golfer with the best odds for a given tournament.

Field

In golf, bettors are often allowed to bet the field. If you bet the field against Rory McIlroy and John Rahm, you are betting that anyone else in the tournament will win. If someone other than McIlroy or Rahm wins the tournament, you win your bet.


G


H

Handicapper

A person who analyzes sports events to predict the winning team or player.

Hedging

Placing bets on the opposite side after you have already placed a wager on one side. This can be used to either cut your losses or guarantee a profit.


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J


K


L

Live Betting

Placing a wager on a game or event while it’s taking place.

Lock

Another way of saying that a team or player will be an easy winner.


M

Matchups

This is a simple bet on one player to beat another in a tournament or a single round. Matchups usually pair players that are close to the same outright odds to win the tournament, which means so you’ll see lines pretty close to -110.


N


O

Odds

The price assigned to a certain bet, based on the probability of the bet winning.

Outright

A bet type where you pick a golfer to win a tournament.


P

Place Bet(s)

This type of wager has lower odds than hitting a tournament winner outright. In this case, you are picking a player to finish inside the top-5, top-10 or top-20, etc. The odds for top-5, 10 or 20 bets will almost always be correlated with a player’s outright odds. Keep in mind that most sportsbooks will chop the pot for these bets.

Prop Bet

A bet on something other than the outcome of a tournament. Common prop bets include matchups, place bets (top-5, top-10, top-20) or bets on players to be leading the field after the first round.

Push

When a contest ends without a winner. In a moneyline sport, this happens if the game ended in a tie. In golf, this will likely only come up in matchup or 3-ball bets. If you bet Rickie Fowler in a tournament matchup against Justin Thomas and they both finish at -10, your bet pushes and you are returned your initial investment.


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R


S

Steam

A sudden line movement across the entire sports betting marketplace. For example, if Bubba Watson opens at +5500 to win The Masters, but he’s at +3500 the next day, it likely means that a lot of money has bet placed on Bubba to win. Oftentimes, bettors will say “Bubba got steamed down to +3500.”


T

Three-Balls

This is a way to bet on golf. This wager type is very similar to matchup betting, except instead of betting a player to win a head-to-head, you’re betting on a player to beat two other contestants. These bets are harder to win, but the odds are usually better.


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