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VSiN, The Sports Betting Network, has you covered with this list of terms to improve your betting IQ. Edge - The advantage a bettor has before a bet is placed. Favorite - A team favored to win a game. Hedging - Betting opposite of a previous bet to guarantee winning at least a small amount of money. Nickel - A $500 bet. Oddsmaker (Linemaker) - Someone who sets the opening line on a game. Point spread - Margin of victory set by oddsmakers to attract bets action on both the favorite and the underdog. For example, it can be the first team or the first player to score in a game. faux saint laurent bag
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