If you’re new to sports betting or simply want to refresh your memory on what action means in baseball betting, then this article is for you. We’ll cover everything from the different forms of action available to the general betting public and the lingo used by baseball bettors to define each of them.
Registering For Action
When you first visit a sportsbook or online betting site, you’ll be asked to register or sign in. Once you do, you’ll be presented with several betting forms to choose from. Some of these forms require you to wager a certain amount of money, while others allow you to create your own market and wager any amount you want. The more you play, the more you’ll learn, and the easier it will be to bet on sports.
What Are Draws, Push, and Bounty?
These are forms of action that don’t require you to bet on the outcome of the game. Instead, you’re placing a wager on the progress of the game. For example, if you think the Brooklyn Dodgers are going to win the World Series this year, then you might put a bet on them winning the first two games of the Series, with the possibility of getting a payout if they win the last game as well. The bet is simply on them winning the first two games, with the possibility of another payout if they win the last game. In these types of bets, the payout for a win is sometimes called an action, and it doesn’t have to be monetary. It could also be a free pair of shoes or something else that the bookie will give you for winning.
Monetary Vs. Non-Monetary
Not all forms of action are created equal, and one of the biggest differences can be found in how accepting the books are toward gamers who use cryptocurrency. At most traditional sportsbooks, those who use Bitcoin, Ethereum, or other cryptocurrencies to place bets are sometimes rejected. However, this is slowly changing as more and more books are integrating cryptocurrency into their platforms.
Traditional sportsbooks typically require you to use a credit card to make a deposit. While this is an easy way to put money into your account, it also makes it very easy for the bookie to track your activity. If they see you frequently placing winning bets, they’ll eventually assume you’re using some sort of tool to assist you in cheating, and once they do, they’ll ban you completely. The good news for cryptocurrency users is that, at least at this point, none of the major sportsbooks have implemented any sort of ban for those who use Bitcoin, Ethereum, or other cryptocurrencies to place bets. This means you have a chance of being able to place a winning bet without getting banned, assuming you use a good strategy. The more you play, the better your chances of being able to predict outcomes without being detected by the books.
Action, Win, and Lay
We already went over the meaning of action in the previous section, so let’s discuss what it means when used in conjunction with other terms. When you win an action, you literally won something of value, which could be in the form of cash, a voucher, or a point spread bet that pays out based on the outcome of the game. For example, if you think the Kansas City Royals are going to beat the Boston Red Sox this year’s American League Championship Series, then you might want to lay 1.5 points on the Royals, meaning you’ll win 1.5 points in the event the Red Sox win the series. Once you win an action, you can simply wait until the end of the season to see if your pick for profit or loss came through. In most cases, you’ll get your winnings within a matter of days, if not immediately upon deposit.
A lay is when you bet against the spread. For example, if you think the Kansas City Royals are going to beat the Boston Red Sox this year’s American League Championship Series, then you might want to lay 1.5 points on the Royals, meaning you’ll win 1.5 points in the event the Red Sox win the series. If the Royals win the series, then you’ll lose the 1.5 points you laid, which will reduce your overall earnings for the season. In most cases, you’ll have your bets and winnings credited to your account within a matter of days, if not immediately.
What Is The Money Line?
This is the simplest form of wagering to understand. The money line is used when you’re betting on the outcome of a single game. For example, let’s say you’re betting on the New England Patriots to beat the Kansas City Chiefs this year’s AFC Championship Game. The money line in that case would be: NEAFC Championship Game – Kansas City Chiefs vs. New England Patriots
If the Patriots win, you’ll get your money back with interest, plus some. If the Chiefs win, then you’ll also win the race to the funds, as the game will be cancelled due to weather or other issues. Money lines are one of the most popular forms of action at sportsbooks because they’re so easy to make money off of. Simply pick winners and losers, and you’re good to go, without having to worry about the intricacies of handicapping or laying odds. It’s also very easy to enter and exit positions, as you’re always placing and taking bets.
Point Spreads Are A Hybrid
Point spreads are a bit like money lines, except instead of betting on one team to beat another, you’re wagering on one number to be more than or less than another number. For example, if you think the Los Angeles Rams are going to win the Super Bowl this year against the New England Patriots, then you might want to lay 2 points on the Patriots, meaning you’ll win 2 points in the event the Patriots lose the Super Bowl. If the Patriots lose the Super Bowl, then you’ll win the race to the funds, as in the case of the money line. However, in the event the Rams win the Super Bowl, you won’t get your winnings back. The reason for this is that most sportsbooks don’t guarantee any sort of payout for point spreads. The good thing is that this also means you have the opportunity to profit from an upset pick. Simply find a book that does payout for point spreads and use the information you find there to your advantage.
Odds are another form of wagering that you’ll encounter when betting on sports. These are simply the odds of an event happening as opposed to a number being more or less than another number. For example, if you’re betting on the New England Patriots to beat the Kansas City Chiefs this year’s AFC Championship Game, the odds would be: Patriots – 7/2 vs Royals – 5/1
Here you can see that the Patriots are a 7/2 (7.5) favorite to win the AFC Championship, meaning you’ll win 7.5 points for every $100 you wager. It’s important to note that while most books offer simple straight up or against the spread wagering, most online sportsbooks allow for some degree of handicapping, or the ability to adjust the odds to make more accurate predictions.
What Are Parlay, Trifecta, And Wildcard?
Parlay, trifecta, and wildcard are all types of wagering that you’ll encounter when betting on sports. They all refer to wagering on multiple games, whether it’s a multi-game tournament or a seasonal event, like the Stanley Cup Playoffs or World Series. The difference is that trifecta and wildcard bets involve more money, while parlay bets are simply made up of multiple bets. For example, if you think the New England Patriots are going to beat the Kansas City Chiefs this year’s AFC Championship Game, then you might want to put £100 on the game, with each leg representing a separate wager. The first leg would be £100 on the Patriots, with the second leg being the same. If the Chiefs win the second game, then you’ll win the race to the funds, as the last leg was a free bet.
A parlay is when you wager on multiple games, whether it’s a multi-game tournament or a seasonal event. For example, let’s say you’re a fan of the Kansas City Chiefs and you think they’re going to beat the New England Patriots this year’s AFC Championship Game. You could put £100 on the game with the intent of winning £200 (200 pounds) if the Patriots win the AFC Championship Game and the Chiefs win the Super Bowl. In most cases, parlays are open to everyone, regardless of whether you have a betting account or not. The only exception is in cases where the games involved are in very different places, like the NFL, MLS, and NBATV.