Glossary

Alt Lines: a different point spread or total than the one originally offered by the sportsbook. Betting alt lines can lead to limits from the sportsbooks, they should be avoided.

BankRoll: The amount of money that you are able to dedicate to matched betting.

Bet and Get: a sportsbook promotional offer that makes the player bet a certain amount, and upon bet settlement they get free bets or site credit.

Conversion Rate: The percentage rate that sportsbook offers can be turned into cash.

Double Dipping or Dipping: Taking advantage of sportsbook new user promotional offers by traveling to different states and making a new account for said state.

Expected Value (EV): The amount of money that is expected to be earned off a promotion.

Free Bet: A sportsbook promotional bet that allows you to keep the winnings, but not the wager.

Hedge: A bet that is placed on the opposite side of your promotional bet. This protects your promotional bet and ensures profit.

Juice, Vig or Hold: the commission charged by a sportsbook or bookmaker on losing bets. It is the amount that the sportsbook charges for handling the bet and is typically expressed as a percentage of the total amount wagered.

Limited: A sports bettor is "limited" when they are only allowed to get a small wager down on a game that would traditionally allow a large max wager. This is a sign that the sportsbooks have identified you as a sharp bettor and can severely hurt your profits.

Low Hold: A game that as both sides of the line as even as possible. A game that has both sides of the line at +100 has a hold percentage of zero. This is great for bet and get offers or site credit, this is because you are losing zero percentage of your wager to the vig.

Matched betting: a highly profitable risk-free sports betting strategy that focuses on hedging sportsbook promotions.

Minimum Odds: The lowest odds that a bet can be placed on while still qualifying for promotional offers.

Money Line: the odds or betting line on a particular team to win a game or match outright, regardless of the point spread.

Over/Under: a type of sports betting where a wager is placed on whether the total points, runs, or goals scored in a game will be over or under a predetermined number set by the sportsbook. The predetermined number is called the "total" or "game total."

Parlay: a type of bet that combines multiple individual wagers into one larger bet. To win a parlay bet, all of the individual wagers included in the bet must win. The payout for a parlay bet is higher than for individual wagers because the odds of winning a parlay are lower. However, if even one of the individual wagers loses, the entire parlay bet loses.

Play Through: The amount of times that a promotional bet must be wagered through before it is turned into withdrawable cash.

Point Spread: a point spread or handicap given by the sportsbook to even out the betting action on a game that is expected to be one-sided. The point spread is designed to give the underdog team a certain number of points that are added to their score, while the favorite team has a certain number of points subtracted from their score.

Promo banned: This occurs when a sports bettor is no longer eligible to participate in promotions given out by the sportsbooks. This can severely hinder a matched bettor's profits.

Profit boost: A sportsbook promotional offer that increases the potential winnings on a bet.

Repeat Offers: promotional offers that sportsbooks continuously send out in order to keep players depositing money