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Glossary of common sports betting terms: Parlay, against the spread, money line, plus teaser explained

The busiest season in sports is right around the corner, signaling a time of year that legal US sports betting is at an all-time high. Pro baseball, golf and car racing dominate the calendar right now, and soon football, basketball and hockey will join in the fun. With so many sports happening simultaneously, it’s the perfect time to check out the latest Caesars Sportsbook promo code and master the most popular sports betting terminology. We have put together a list of popular sports betting terms to ease your stress and make your first sports betting experience a fun one.

At Caesars Sportsbook, there are more ways to play than ever. In fact, if you are a new registrant who is 21+ and located in an eligible state (AZ, CO, DC, IA, IN, LA, MI, NJ, NY, TN, VA, and WV)*you can register, deposit, and get a risk-free bet up to $1,500 with the code GAME15C. If your bet doesn’t hit, don’t worry. Caesars will give you a single free bet credit you can use within 14 days. (Terms and conditions apply. See details here. Offer expires 10/1/2022). All told, there are plenty of ways to take advantage of your sports book deposit offer.

Sports book betting guide, glossary, terms

Before you play, make sure you know the common betting terms you’ll see. There are dozens of ways to bet on sports, and this handy sports betting guide can help you figure out what some of the most popular sports betting terminology means.

Money line: Baseball is the main focus in the sports world right now, and the most popular way to bet on it is with a money line bet. If New York is a -250 favorite, a $250 bet can return $100 if they win. If Boston is a +260 underdog, a $100 bet could return $260.

Live betting: You haven’t missed the chance to place a bet if a game has already started. Sportsbooks adjust certain odds as a game unfolds so you can place your bets in real-time. You can even wager on the outcome of the next at-bat in a big baseball game.

Prop bet: Try placing a prop bet if you’re looking to wager on something other than the final score of a game. Popular prop bets across the major sports include how many strikeouts a pitcher throws and how many rebounds a basketball player tallies.

Against the spread: Football season is almost here and placing a spread bet is the best way to be part of the game. If one of New England is a 7.5-point favorite against New York, NE must win by eight points or more to cover the spread.

Outright: Pro golf and car racing are entering their playoffs this month, and the best way to get in on the action is to place an outright bet. All you have to do is choose who you think will win the entire event and then place your wager.

Parlay: With a parlay bet, you can wager on multiple teams and even on multiple sports with one bet. This betting style is risky because all sides have to win or else the bet is a loser. But if all sides win, the reward is much higher.

Teaser: This method pays lower odds than a parlay, but remains popular because handicappers still find them profitable. If you don’t love a particular spread or spreads being offered, a teaser allows you to buy a certain amount of points in either direction to increase the likelihood of you hitting your bet. Let’s say you believe two seven-point favorites will win their games outright but you are unsure whether they can cover the touchdown spread. Using a six-point teaser would reduce each team to a -1 favorite, meaning they only have to win by two points. This reduces the payout but deployed correctly, it can be a profitable strategy.

Futures: Football is one of the most popular sports to bet on, even during its offseason. You can bet on football before the season even starts with a futures bet, which can be on anything from whether you think your favorite team will defeat a hated rival to which player you think will win the MVP award. You can even wager on which team you think will win their division.

Over-under: This is an easy way to wager on sports with high score totals, so it’s perfect if you want to bet on basketball. Sportsbooks will predict the final total of the teams’ combined points and you simply pick whether you think the final total will be over or under the sportsbook’s number.

How to get the latest Caesars Sportsbook promo code

Ready to get started? Click here to get your risk-free bet up to $1,500 from Caesars (See details here). Remember to use the code GAME15C.

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*21+ new users only. Offer open to AZ/CO/IA/IL/IN/LA/MI/NJ/NY/TN/VA/WV. Bet amount of qualifying wager returned only if wager is settled as a loss. Paid as a single bet credit. Maximum bet credit $1,500. Bet credit must be used within 14 days of receipt. Promotion ends on 8/1/22. See Caesars.com/promos for full terms. Sports betting is void in Georgia, Hawaii, Ohio and Utah and other states where prohibited. Some prop bets are prohibited in CO, MS and TN. Know When To Stop Before You Start® Gambling Problem? IL, NJ, PA, WV: If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2357) or WV: visit 1800gambler.net ; AZ: Call 1-800-NEXT-STEP; CO, DC, NV: Call 1-800-522-4700; IN: Call 1-800-9-WITH-IT; IA: Call 1-800-BETSOFF; LA (Permit pending at Horseshoe Bossier City.): Call 1-877-770-STOP; MI: Call 1-800-270-7117; TN: Call or text TN REDLINE at 1-800-889-9789; VA: Call 1-888-532-3500. Standard text rates may apply. ©2022, Caesars. Entertainment – Gambling Problem? NEW Call 877-8-HOPENY or text HOPENY (467369). Standard text rates may apply.