They occur on a continuum, and can affect a person's whole life.

The final score is irrelevant to a moneyline bet.Įditor's Note: Gambling problems aren't only about losing money. The only relevant factor to a successful bet is which team wins. These odds are also called American odds. If you’re betting on a moneyline favourite, you will notice a (-) before a number if you are betting on a moneyline underdog, you will see a (+) before a number. If that side is victorious then the bettor can cash a winning ticket. Moneyline: A straightforward type of bet where the bettor simply picks one side to win a game/competition. Pick 'em: A game/competition where the two competing sides have equal betting odds to win, therefore there is no favourite and no underdog. Underdog: The team or athlete oddsmakers anticipate will lose the game/match/competition etc. Lines/odds: The numbers used to distinguish the difference between a favourite and an underdog.įavourite: The team or athlete oddsmakers expect to win the game/match/competition or finish in first place. Oddsmaker(s): A person or group of people that sets and adjusts betting lines/odds. Sportsbook: An establishment/website where people can legally place bets on sporting events, and sometimes non-sporting events, that pays out money as winnings.

If you’re new to sports betting terminology, here are some common sports gambling words and phrases to help you better understand the vernacular:īet/Wager: When a person risks a sum of money against a sportsbook and that person either loses the money they risked, or they are returned a sum of money larger than what they initially put at stake based off the result of a sporting event.īettor: A person who places a bet/wager on a sports competition. You’ve already likely begun hearing some gambling terms more frequently on broadcasts, podcasts and when you’re reading previews or recaps. The first week of April marked Ontario’s foray into legalized single-game sports betting as we continue to enter a new era in how fans can enjoy, consume and participate during live sports. Single-game sports betting has technically been legal in Canada ever since Bill C-218, An Act to amend the Criminal Code (sports betting), was passed in the House of Commons in the summer of 2021.

What is a push gambling