Glossary
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Over/Under bet definition
Also known as thetotal, this refers to the total amounts of points/goals/runs thatwill be scored in the game. Usually the added scores of the two teams that play.If both teams combine to score more than the total, theover wins. If they combine to score ...
Definition of “Risk”
Betting to risk means you are betting a specific amount of your choice regardless of the odds. If you lose the bet, you lose whatever amount you risked on the game. If you win the bet, your payout is determined by the price of the odds.
“Vigorish” or “vig” definition
The commission charged by the bookmaker. Also called “margin” or “juice“.The “Juice” or the “vig” in the sports gambling industry is the amount of money received as commission for taking your bet.The sportsbook only collects the juice when your bet is l...
Futures wager definition
AFutures wageris a bet on a future event.The most common Futures wager is on theChampionof a specific sports league. IE: On the day afterSuper Bowl, you can place a wager on the team you think will win Super Bowl.On Futures and Propositions, we offer a ...
“Push” wagers
Apush bet is an instance of a tie or draw between the XBet and you. What happens in a “push” is that the wagerwas not a win or a miss, but instead, a stalemate that results in a refund of your risk or wager back to your account.When your bet pushes it i...
“Action” definition
A wager of any kind. If you haveaction on a game, then you have to bet on that game in some way. Any type of bet: total, a prop bet, etc.
Insurance definition
Insurance is a side bet on whether the dealer will make a blackjack when his first exposed card is an ace. Insurance is a side bet made in addition to the original bet and it pays out 2:1 (meaning that the player receives two dollars for every dollar be...
“Total wager” definition
ATotal wageris a bet on the total combined points scored in game.For example: An NFL game has a total of 58 points. The two teams must combine to score more than 58 points for Over bets to be graded as winners. If the two teams combine to score less tha...
“Box and Box with Key” bet definition
You have the option to “box” your Exacta or Superfecta which will cost double the price but will give you a win no matter the order of the horses you picked.Example:$1 Superfecta Box (5-4-6-2) is a $24 bet ($1 each) on the following 24 possible outcomes...