Plain-English definitions for the betting terms you will actually run into, from spread to closing line value.
Quick Stats
- Spread
- Moneyline
- Over/Under (Total)
- Parlay
- Same Game Parlay
- Prop Bet
A to Z Betting Terms
Tap any term for a full definition and example:
- Spread
- Moneyline
- Over/Under (Total)
- Parlay
- Same Game Parlay
- Prop Bet
- Implied Probability
- Vig (Juice)
- ATS
- Push
- Hedging
- Closing Line Value
New to Betting?
Start with the how-to-bet hub, then come back here for the vocabulary.
Frequently Asked Questions
What does spread mean?
The margin a favorite must win by (or a dog can lose by) for the bet to cash.
What is the vig?
The bookmaker's built-in commission on a bet, also called juice.
What is implied probability?
The win chance baked into the odds; shorter prices imply higher probability.