Oddsmaker (Linemaker) – Someone who sets the opening line on a game. No Action – A game that is no longer taking bets and all wagers are refunded. Moneyline Bet – A bet that is contingent on whether a team will win or lose the game outright. Lock – A wager that is considered to be a sure thing by the bettor that placed it. Limit – The maximum amount a player is allowed to wager on a single bet. Juice – A commission books win on each bet. This is widely referred to as ‘ live betting‘. In-game wagers – Bets made after a game has started. Hedging – Betting the opposite of a previous bet to guarantee a win and profit in some capacity. Handicapping – Researching sports statistics to pick winners.

Handle – The total amount of money wagered on a game. What is a parlay? Examples and how to make a parlay bet on sportsįuture Bets – A bet on events that will settle further in the future, like who will win a division or who will win a championship before or during the regular season.

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