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Everything you should know about online sports betting

Everything you should know about online sports betting

Firstly, Since sports have entered our lives, they have always been the apple of our eyes; People have different perceptions about playing other games; when it comes to online sports gambling Everything, you should know about online sports betting.


Nowadays, It has always been a passion for everyone to play once in their life. The online sports betting industry promises every bettor to win some money, regardless of how much they have invested in the betting industry.


Here, The risk involved is almost similar to that in the trade market, where even if a bettor has gone through all relevant data and research work, there is still a 5% probability of losing the game. Therefore, a bettor should be familiar with some of the most commonly used keywords in online sports betting before diving into the lustrous world of playing and winning.


In addition,  JitoDaily presents you with a glossary of online sports betting terms. After going through our dictionary, those words will no longer be new to you, and no more confusion will be there when you start with your first bet on our website. So, let’s start by increasing your sports betting IQ level.

Everything you should know about online sports betting

  • Action: Every action has an equal reaction, which implies the same for the betting world. When you place a bet in the form of money, you earn money for the ongoing sports event. “Action” refers to the act of placing a bet or wager.


  • Bettor, or punter: the word “punt” is derived from a Latin word. In gambling, a punt means points. A person who gambles or bets online for fun or money is called a punter or bettor.


  • Favorite: This term is commonly used by bookmakers to identify a special team that is expected to win the sport. The team expected to win the game is marked with a “-” sign. Virat Kohli is a -8 point favorited over Shubham Gill, which means Virat Kohli is expected to win by 8 points.


  • Underdog: The underdog is the opposite of the favorite. The underdog is the sportsman or team that is expected to lose in the ongoing tournament. Shubham Gill trails Virat Kohli by 8 points. The players that are marked as underdogs are not expected to win the game if it happens that the outcome is upset.


  • Coin flipping: Coin flipping is an old cricket custom that determines the outcome based on whether your coin is heads or tails. The online version is the same, with bettors able to wager any amount based on the outcome of each coin flip.


  • Sportsbook:  Every individual website has its own online automatic sports ID provider site, a self-managed sportsbook that can be customized later on. It provides the best odds and risk management throughout the game for the players.


  • A wager: A wager is any type of gamble or bets played for money on one or more sports. Sports can be horse racing, football or cricket betting, or even casino gambling.


  • Dime: Dime is a wager or bet on $1000. For example, 4 dimes in the gambling world will mean $4000.


  • Chalk: Chalk is not exactly the contrasting underdog. Chalk is simply a notable favorite team.


  • Edge: Edge is calculated by subtracting implied odds from true odds. The Edge gives you the probability of winning before you start it.


  • Hook: Hook merely means half points in betting. For example, one player may be 4.5 points ahead of another.


  • Lime: A lime is the maximum amount of bet or wager a player can place on a specific game set by the sportsbook.

Conclusion: Everything you should know about online sports betting

Finally, Play and win on JitoDaliy by updating your knowledge of the betting world. Also, For more assistance, players can talk to our WhatsApp customer support.

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DISCLAIMER: This game involves an element of financial risk and may be addictive. Please play responsibly at your own risk, T&C apply