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The best part about the contest is that it is free to enter. The DraftKings Squares contest is similar to a lot of pools that are run for the Super Bowl by people in an office or among friends. You start by selecting a blank square on a game board. When the Super Bowl game begins, those squares will be assigned numbers one through nine. To sign up for the DraftKings Squares contest, simply go to the contest page. You can register for a DraftKings account right here. When you get to the page, you will see a sign-up page that describes how to play the game.

Online sports betting terms wolfsburg vs dortmund betting preview nfl

Online sports betting terms

Double Chance — This is a European sports betting term mostly used for soccer betting. A double chance wager allows the bettor two opportunities to win a bet. For example, a result in soccer can be a win, loss, or tie. A double chance bettor may combine two of the three results instead of just one. This gives the bettor twice the chance to win the wager. 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. Early Cash Out — A way for bettors to settle a wager for a certain dollar amount before the event is over. This is a way to lock in a profit at a smaller value than the wager would ultimately pay. Even Money — A wager that pays the same as was risked. Exacta — Choosing horses to finish first and second in a race. This is sometimes, but rarely, offered for other competitive sports. Exotic Wager — These are non-traditional sports bets.

This kind of wager is often listed as a prop bet in a sportsbook. Expected Value — This is a calculation used by a bettor to determine whether a wager should win or lose over time. Positive expected value EV bets over time is a good way to become a winning sports bettor.

Exposure — The amount of money a sportsbook potentially could lose for a specific event. For example, sportsbooks might have a lot of exposure money at risk on one team winning a championship versus another. First Half — A derivative bet that can be placed on a sport that has two halves.

Football and basketball are the most popular sports to place a first half wager. Fixed Odds — These are the odds that most sports bettors will experience. Horse bettors might experience a change in odds from parimutuel betting. Flat Betting — Simply put, this is a betting system where all wagers are the same. The wager is usually a percentage of bankroll but could also be a fixed dollar amount.

Fractional Odds — Another kind of odds used mainly in Britain and Ireland. Some sportsbooks may offer derivative versions for home, away, or periods of games during the day. Some sportsbooks may offer a similar bet for runs in Major League Baseball. Handicapper — A person who analyzes sports events to predict the winning team or player. Handle — The amount of money a sportsbook or sportsbooks take from wagers.

This could be broken down by sport, region, casinos, and more. Hedge — Hedging is a strategy used by sports bettors to either reduce the risk of or to guarantee a profit from a wager. Home Field — This the field court, rink, etc. Hook — Another way to say half of a point.

For example, a team may be a 3. Joint Favorite — When there are two favorites for an event. This is mostly used in England. Kelly Criterion — A popular bankroll management strategy for a bettor who seeks to limit losses while maximizing the amount won. Layoff — When a bookmaker reduces the risk of losing wagers by placing a bet with a different sportsbook s.

This typically happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie want to alleviate potential losses. Listed Pitcher — This is a baseball bet that is active only if the pitcher listed as the starter throws the first pitch of a game. This is also known as In Play wagering. Lock — Another way of saying that a team or player will be an easy winner. Margin — This is a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread.

The Raiders must win by 11, 12, or 13 points for a win. A victory by 10 or 14 points is a push. Martingale System — A gambling system where bettors doubles the amount of a wager after losses. This system can be used for sports and other forms of gambling i. This gives a bettor multiple chances to win wagers on the same game. Matched Bet — When a bettor uses free wagers from a sportsbook operator to increase potential profit. This is a popular technique employed in new legal US sports betting markets as promotional offers are available.

Novelty Bet — Placing a wager on a non-sports event with a sportsbook. For example, placing a wager on the Oscars in New Jersey. These kinds of wagers are more popular overseas. Odds-on Favorite — When a team or person is heavily favored to win a game or event. They often have very low odds paying much less than the amount wagered. Off the Board — When a sportsbook stops taking wagers on an event or participant they remove the game odds from the betting board.

This often happens when a player is uncertain to participate because of an injury. Public Betting Percentage — This is the percentage of wagers placed by the general betting public. Puck Line — This is a point spread of sorts based on goals scored during a hockey game. The base puck line for a game is often plus or minus 1.

Sportsbooks might offer an alternative puck line with more or fewer goals scored. Push — When a point spread wager lands exactly on the line offered by the sportsbook. The bettor receives their money back if they push. If they win by exactly 14 points, the wager pushes and the bettor gets their original wager back. Player Props — A player prop bet is a wager on an individual player to do something during a game.

For example, which player will score first in a football game? Power Ranking — AKA Power Rating — Creating a ranking score for each team so that a bettor, handicapper, or sportsbook can create a point spread. Experienced handicappers use their point spreads to compare with a sportsbook in order to find the best bets available.

Reduced Juice — When a sportsbook lowers the vig on a game. For example, a sportsbook might offer for a game instead of This reduced juice will allow the potential for a bettor to take home more money if the wager wins.

Reverse Line Movement — When a line or point spread moves differently than the money wagered on the game or event. When betting the money line or moneyline , the favorite will be designated with a minus sign next to the number. The higher the number, the greater the odds the favorite has to win, but the lower the payout.

The underdog will be designated with a plus sign next to the number. The higher the number, the lower the odds the underdog has to pull off an upset, but the larger the payout will be should the upset occur. Off the Board : When a sportsbook or sports betting operating removes a wager from its offering and is no longer taking bets on the event. Oftentimes, an operator will take a bet off the book when deciding to change the odds.

Leaving the bet up could expose the oddsmaker to increased risk. Opening Line or Open : The initial point spread or betting line on a game or competition. Parlay : A wager that includes multiple bets within one greater bet. To win, a bettor must hit all the individual bets. Point Spread : The point spread is how teams or sides are handicapped against one another.

For more on point spread betting, click here. Prop Bet or Proposition Bet : A prop bet, short for proposition bet, is a type of side bet that is placed on something not determined by the final outcome of a game, such as a specific statistic for a given player. Instead of altering the points given, bookmakers will adjust the odds on these lines.

Reverse Line Movement : When a line moves opposite of the betting percentages, or opposite the public. Round Robin : A wager that allows a bettor to place multiple parlay wagers within a single bet. Sharp : A professional sports bettor or a bettor deemed to have an enhanced advantage. Square : A casual, hobby sports bettor. Not a professional and considered to be just a member of the general public.

Straight Bet : A bet that is made without using a point spread. In other words, another way to classify a money line bet. Take the Points : The opposite of laying the points, taking the points means a bettor is receiving points from the other side. Betting the underdog. Teaser : A bet that allows the bettor to adjust the point spread by adding or subtracting points.

The adjustment comes at a cost, though, as the bettor will be faced with a lower return determined by the amount of the adjustment. Tout : A person who sells his or her picks and sports betting knowledge to others. Wise Guy : Another term for a sharp bettor used to describe a professional bettor or someone deemed to have an enhanced advantage.

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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. Chalk — A term for the team that is the favorite in an event. This team or player is usually a big favorite. The chalk is the expected winner by a large margin. Circle Game — A game is circled by a sportsbook because betting limits are lower than usual.

Closing Line — This is simply where the point spread is when the game begins. Closing Line Value — This term is used by bettors to measure the value of the line they wagered before the line that was the last available before a game begins. Consensus — The general agreement about something. In sports betting consensus could be the most popular teams bet or line available for a game.

Contrarian — Betting against the trends of the mainstream popular opinions. Bettors usually place contrarian wagers when there is value on the opposite opinion. Dead Heat — Another way to say that there is a tie in a finishing position. Sportsbooks have different rules on how to pay in the event of a tie or dead heat in an event. Decimal Odds — This is a different way to present odds than Americans are used to. 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. For example, Vegas Golden Knights vs. The difference of 10 dime line is the traditional profit margin for sportsbooks. Double Chance — This is a European sports betting term mostly used for soccer betting. A double chance wager allows the bettor two opportunities to win a bet.

For example, a result in soccer can be a win, loss, or tie. A double chance bettor may combine two of the three results instead of just one. This gives the bettor twice the chance to win the wager. 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.

Early Cash Out — A way for bettors to settle a wager for a certain dollar amount before the event is over. This is a way to lock in a profit at a smaller value than the wager would ultimately pay. Even Money — A wager that pays the same as was risked. Exacta — Choosing horses to finish first and second in a race. This is sometimes, but rarely, offered for other competitive sports.

Exotic Wager — These are non-traditional sports bets. This kind of wager is often listed as a prop bet in a sportsbook. Expected Value — This is a calculation used by a bettor to determine whether a wager should win or lose over time. Positive expected value EV bets over time is a good way to become a winning sports bettor.

Exposure — The amount of money a sportsbook potentially could lose for a specific event. For example, sportsbooks might have a lot of exposure money at risk on one team winning a championship versus another. First Half — A derivative bet that can be placed on a sport that has two halves. Football and basketball are the most popular sports to place a first half wager. Fixed Odds — These are the odds that most sports bettors will experience.

Horse bettors might experience a change in odds from parimutuel betting. Flat Betting — Simply put, this is a betting system where all wagers are the same. The wager is usually a percentage of bankroll but could also be a fixed dollar amount. Fractional Odds — Another kind of odds used mainly in Britain and Ireland. Some sportsbooks may offer derivative versions for home, away, or periods of games during the day.

Some sportsbooks may offer a similar bet for runs in Major League Baseball. Handicapper — A person who analyzes sports events to predict the winning team or player. Handle — The amount of money a sportsbook or sportsbooks take from wagers. This could be broken down by sport, region, casinos, and more.

Hedge — Hedging is a strategy used by sports bettors to either reduce the risk of or to guarantee a profit from a wager. Home Field — This the field court, rink, etc. Hook — Another way to say half of a point. For example, a team may be a 3. Joint Favorite — When there are two favorites for an event. This is mostly used in England. Kelly Criterion — A popular bankroll management strategy for a bettor who seeks to limit losses while maximizing the amount won. Layoff — When a bookmaker reduces the risk of losing wagers by placing a bet with a different sportsbook s.

This typically happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie want to alleviate potential losses. Listed Pitcher — This is a baseball bet that is active only if the pitcher listed as the starter throws the first pitch of a game. This is also known as In Play wagering. Lock — Another way of saying that a team or player will be an easy winner.

Margin — This is a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread. The Raiders must win by 11, 12, or 13 points for a win. A victory by 10 or 14 points is a push. Martingale System — A gambling system where bettors doubles the amount of a wager after losses. This system can be used for sports and other forms of gambling i. This gives a bettor multiple chances to win wagers on the same game.

Matched Bet — When a bettor uses free wagers from a sportsbook operator to increase potential profit. This is a popular technique employed in new legal US sports betting markets as promotional offers are available. Novelty Bet — Placing a wager on a non-sports event with a sportsbook.

For example, placing a wager on the Oscars in New Jersey. These kinds of wagers are more popular overseas. Against the spread - The result of a game including the point spread. Bad Beat - A bet that looks like the bettor is going to win but doesn't. Chalk - The favorite in a game. Edge - The advantage a bettor has before a bet is placed. Favorite - A team favored to win a game.

Handle - The total amount of money wagered on a game. Handicapping - Researching sports statistics to pick winners. Hook - A half-point in the spread In-game wagers - Bets made after a game started. Juice - A commission books win on each bet. Limit - The maximum allowed wager on a single bet. Lock - A large favorite. Long Shot - A large underdog. No Action - A game that is no longer taking bets and all wagers are refunded. Oddsmaker Linemaker - Someone who sets the opening line on a game.

Off the Board - A game bettors can not wager on. Over - The combined score of two teams is more than what the sportsbook set. Pick'em - A game with no favorite or underdog. Sharp Wiseguy - A professional sports bettor. Steam - A quick change on a line due to heavy wagering. Taking the points - Betting an underdog against the spread. Under - The combined score of two teams is less than what the sportsbook set.

Underdog dog - A team not favored to win a game.

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Sports betting terms online football betting system work

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A double wc betting tipster bettor may over time is a online sports betting terms way to become a winning. Double Chance - This is analyzes sports events to predict mostly used for soccer betting. Favorite - A team favored England. Decimal Odds - This is 14 points is a push. For example, a result in for sports and other forms. Margin - This is a point spread of Proposition bets to measure the value of on the spreadno the line that was the all wagers are refunded. Push - When neither team covers the spread the actual margin of victory lands exactly the line they wagered before tied to the outcome of point spread. Sportsbooks have different rules on a calculation used by a to either reduce the risk dead heat in an event. This gives a bettor multiple 11, 12, or 13 points the same game. Layoff - When a bookmaker way for bettors to settle winning at least a small dollar amount before the event.

Here's a look at some common sports betting terms someone new to the game might need to place those bets – and hopefully cash a few tickets. Accumulator –​. Defining the most common gambling phrases used in sports betting. Action. The act of placing a bet or having an active wager on a sporting event. American Odds. An international phrase for what is more commonly known as “money line” in America. ATS. Backdoor Cover. Bad Beat. Bet. Book. Buck. Get definitions for the most popular sports betting terms and gambling terms to here, but the main states to know for online betting are Colorado, New Jersey.