The gaming industry is not immune to creating a vast amount of acronyms, and then using them in ways that are off putting to those still learning about it. If you read about sports betting, you may see some of these acronyms, and today we’re here to help you break them down.
Online Sports Betting (OSB)
Let’s start with one that defines the industry itself. Online Sports Betting is what the approved apps in given states ultimately are – instead of going to a physical location, like a casino or racetrack, to place a sports bet, modern options allow you to place them in many states via an app or website.
The industry uses OSB so much as an acronym they often use it without actually spelling it out on first reference. We spent a couple of minutes looking through search results just to find a single defining reference, hence we start here.
Single Game Parlay (SGP)
A parlay is a bet where there’s multiple outcomes incorporated into a single bet – traditionally, all outcomes (known more commonly as legs) need to be accurately predicted for the parlay bet to be declared a winner.
A Single Game Parlay also has multiple legs, but all of the legs come from a single game. For instance, in football it may be which team wins, a specific player scores a touchdown and a certain team is ahead at the end of the first quarter. For that bet to be a winner, all three of those legs have to be correct.
Both Teams to Score (BTTS)
This is a common bet on games where low scores are frequent, like soccer. With the bet, you’re effectively betting on whether both teams will score at some point during the match. If you bet yes, both teams will need to score at least one goal for you to win. If no, one team needs to end the match with no score.
Against the Spread (ATS)
For Spreads bets the oddsmakers establish a spread at wish they believe the favorite will win. Betting against the spread (which is the term when you make a wager on the established spread) means favorites (when betting on them) must win by greater than the spread established, or underdogs (when betting thenm) lose by less than the spread indicates, or wins the match.
Oddsmakers set the spread to get a balance between the two side of the wager, so they’ll land at a number where it’s expected that roughly half of the wagers on the spreads will fall on each side of the spread line.
Got a sports betting acronym or term you’d like to see clarified? Share in the comments!
