KYC is a common acronym that stands for Know Your Client, a process that some online sportsbooks may ask you to go through to provide identification for legal purposes.

When oddsmakers set the moneyline, the odds assigned to each side of the bet are the opening odds. As bets start to come in, those odds will move and change as the bookmaker looks to equalize their exposure. The final odds, or closing odds, can be wildly different to the…

Once bets start to come in, a bookmaker will start to adjust the moneyline to equalize its risk. If a lot of action is coming in on the underdog, the odds on the underdog will narrow (get smaller) and the odds on the favourite may widen (increase). That way, betting…

Sharp bettors are professional bettors who have been able to maintain long-term winning records. As such, their opinion is respected by sportsbooks. Sharp bettors will always shop for the best line, and often bet early on a moneyline bet to lock in the best odds before begins to adjust the…

Every sportsbook will charge you a fee to place a bet with them, and this is known as “vig” – short for “vigorish”. Vig may also be called “juice” (or the cut, or the take) and in European-based sportsbooks, “margin” – but it is all the same thing. Think of…

A parlay is a type of bet in which multiple bets, or legs, are connected. The winnings from the previous bet are rolled over into the next bet, or new leg, acting as the stake for the next bet. Parlays may be three, four, five or more legs… with the…

Prop bets – short for proposition bets – can be a fun way to boost your winnings. Often because they can be on the whackier end of the scale of things to bet on… Generally speaking, the more specific or esoteric your prop bet is, the higher the odds you…

An Outright bet is a bet placed on the final result of a competition, or tournament, rather than on the result of any given match. Examples of outright bets would be betting on the winner of the Premier League, or the World Series.

The key to a successful long-term sports betting strategy is managing your bankroll. Margins in sports betting are extremely thin – after accounting for standard vig of -110, breakeven means winning 52.38% of the time. A winning record of more than 60% if almost unheard of. Therefore, if you’re too…

When we talk about sharp betting, we’re talking about looking for value. Do we know anything that the bookie doesn’t, or at least, anything that doesn’t seem to be priced into the odds? In the search for value, we might consider an underdog priced too far outside, who might surprise;…

A void bet is a bet where the stake is returned to the bettor for some reason, usually because the event for some reason doesn’t go ahead. For example, betting on a tennis player who pulls out of their match beforehand, or on a soccer team whose match is stopped…

Win and Loss are self-explanatory, but a Push is where

Wager – Can be a noun, as in a bet, or the amount that you bet; or a verb, as in, to bet.

Winnings – the money you make, above and beyond your stake, thanks to placing a winning bet. Winnings can be multiplied quickly when reassigned as part of a parlay betting strategy. Winnings grow your bankroll – which you need to manage as well as you can!

The sportsbook doesn’t always get it right. The favorite doesn’t always win. Occasionally, the sporting gods flip the script – cue the upset.

There are different ways that sportsbook can display their odds on an event. In the US, it is common to see American odds. In American odds, the favorite appears with a minus sign and the underdog with a plus sign. The numeral illustrates the extent to which a favorite is…

A teaser combines three or more spread wagers into a single bet and allows the bettor to adjust the spreads favorably. The bettor gets to choose how much to adjust the spread, but that adjustment is the same across every wager in the teaser. Teasers shift the odds in favor…

The Over/Under is how a Totals bet works. Along with the Moneyline and the Point Spread, it makes up the trinity of basic sports betting.

How to identify the favorite and understanding what that means before you bet is the first step for any sports bettor.

How to identify an underdog and understanding what that means for your betting is indispensable for anyone new to sports bettor.

A moneyline bet is the simplest bet in sports betting: It is a bet on the winner of an event.

Your stake is the amount you choose to wager on a bet. When placing bets online, this is also your “bet amount” If a bet Pushes, a bettor usually gets their stake returned.