If you want to know how to bet correctly at a sportsbook, then you’ll want to understand some of the terminology that is used to make betting decisions. For example, you’ll want to know what the opening line is, what the closing line is, and how American odds work. You’ll also want to know about free bets and reverse line movement.
Reverse line movement
Reverse line movement in sportsbooks is a form of betting in which the odds on sports events change based on the betting decisions of sharp bettors who bet on the opposite side of the line. This makes sportsbooks more profitable by affecting betting prices and commissions. Reverse line movement is one of the biggest challenges faced by betting exchanges.
Alternate lines
Alternate lines are a great way to win more money when betting on sports. These lines are slightly off from the original line, and they are generally offered on point spreads and totals. Moving the line in your favor means a smaller payout, and moving the line against you means a larger payout. Alternate lines are an increasingly popular way to bet, particularly when betting on football and basketball.
American odds
The odds you see in an American sportsbook are commonly known as moneyline odds. Moneyline odds reflect the market price and cash staked in a game. They also indicate a percentage payoff for winning a wager.
Free bets
Free bets at sportsbooks are a great way to test out a sportsbook before depositing real money. These free bets are typically in the form of tokens that pay out your stake, or a bonus bet, whichever is greater. However, free bets have their disadvantages, and it is important to read the terms and conditions before taking advantage of these offers.
Reload bonuses
Sportsbooks typically offer reload bonuses after a customer makes a deposit. These bonuses can come in the form of free bets or site credits. The amount of these bonuses varies, but they can sometimes be as high as 250% of the deposit amount.
Playthrough requirements
Many online sportsbooks offer deposit bonuses, but these offers usually come with a playthrough requirement. This requirement will prevent you from withdrawing the bonus without making a certain amount of wagers. This requirement is often referred to as the rollover or wagering requirement, and it varies based on the amount of bonus money.
Mobile apps
Sportsbook mobile apps are designed with the convenience of mobile users in mind. They come with features like live streaming, animations, and a variety of payment options. You can download these apps from the sportsbook’s website or from the app store of your device.