This page contains a description of all the betting terms to help American punters get started on their online betting journey or to enhance their understanding of the variety and depth of betting options out there.
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With over 200 betting terms explained for American readers, we’ve done everything we can to make this page as comprehensive as possible. Nonetheless, betting markets are a huge, ever-evolving enterprise, so if there’s something missing, feel free to contact us and let us know.
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ThePuntersPage Final Say: Betting Terminology
This betting glossary aims to lift the veil of mystery which separates the average bettor from your expert punters. After all, knowledge is the foundation of a strong betting strategy, so understanding the key terminology provides a powerful yet easy leap forward in your mastery of betting markets.
1 Sohail, S. (2020). How Do Odds Work in Betting? [online] Investopedia. Available at: https://www.investopedia.com/articles/investing/042115/betting-basics-fractional-decimal-american-moneyline-odds.asp.
4 DraftKings – Daily Fantasy Sports for Cash. (n.d.). How to Play Daily Fantasy Sports | DraftKings. [online] Available at: https://www.draftkings.com/how-to-play?wpsrc=Organic%20Search&wpaffn=Google&wpkw=https%3A%2F%2Fwww.draftkings.com%2Fhow-to-play&wpcn=how-to-play [Accessed 14 Apr. 2023].
6 Perez, A.J. (n.d.). What it means: Supreme Court strikes down PASPA law that limited sports betting. [online] USA TODAY. Available at: https://www.usatoday.com/story/sports/2018/05/14/supreme-court-sports-betting-paspa-law-new-jersey/440710002/.
7 Farmer, G.D., Warren, P.A. and Hahn, U. (2017). Who ‘believes’ in the Gambler’s Fallacy and why?. Journal of Experimental Psychology: General, 146(1), pp.63–76. doi:https://doi.org/10.1037/xge0000245.