Glossary of common sports betting terms: Parlay, against the spread, money line, gridiron props explained – CBS Sports

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The pro football playoffs are finally here and more fans than ever are able to bet on sports in the USA. Since U.S. sports betting is now legal in over 30 states, many football fans are placing bets on the football playoffs for the very first time. If you are one of the many fans looking to place your first bet before the big games start, you can get a leg up on the competition by knowing all the different sports betting terms and sports betting lingo.
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 12/31/2022). All told, there are plenty of ways to take advantage of your sports book deposit offer.
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: Use this betting style to wager on soccer’s biggest tournament. If France is listed as a -200 favorite against English, that means that you’d need to bet $200 on France to return $100 on that side to win. If England is the +200 underdog, you could win $200 on a $100 bet if England wins.
Outright: This popular betting style requires you to pick one athlete to win an entire sporting event. This sports betting method is very often used for wagering on golf tournaments, car races and title fights.
Prop bet: The widely-popular prop bet lets you wager on outcomes other than the final score of a game, and a player prop focuses on individual player performance. Common prop bets include how many touchdowns a running back will score or how many three-point shots a basketball player will hit.
Against the spread: This method is a must for betting on football. If Seattle is the 7.5-point underdog against San Francisco, then Seattle must win outright or lose by 7 points or fewer to cover the spread. San Francisco can cover as the 7.5-point favorite by winning by 8 points or more points.
Push: If neither team in a game can cover the spread, it is considered a type of “tie” called a push. If Dallas closes as a three-point favorite against Tampa Bay and then wins 27-24, neither team can cover and all bets on the spread are returned.
Teaser: This betting style helps you cover the spread by diminishing the risk. If your two favorite football 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 high-risk, high-reward betting method involves two or more sides on one wager and all sides must win for the bet to be a winner. A $100 bet on a four-team parlay at 11-1 odds could return $1,100, but that is only if all four sides win. If three or fewer sides win, the bet is a loser.
Over-Under: Your go-to betting method if you’re a basketball fan. If a sportsbook sets the over/under for a game between Golden State and Memphis at 200, you would bet whether you think the total of both teams final scores will hit over or under 200.
Futures: You aren’t limited to wagering on games happening right now. Futures bets let you wager on sports outcomes that will take place months from now. Even though it is January, you can place a futures bet on what basketball team will win their conference, or which baseball team will win their division next season.
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.
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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 12/31/22. See Caesars.com/promos 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 1800gambler.net; 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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