Bet – Risk money on the basis of the outcome of an event.
Risk – The amount wagered or bet.
Winnings – The amount won from a bet.
Payout – Can refer to the potential winnings of a bet, or the total return.
Matchup – Another word for ‘game’ or event.
Spread – The expected scoring differential between two opponents. Also referred to as “point
Total – The combined amount of points scored by both teams.
Cover – When a selection beats the spread, or “covers” the spread.
Favorite – The team expected to win the game.
Underdog – The team expected to lose the game.
Push – When the scoring differential is exactly equal to the spread.
Market/Board – Refers to the odds within a given event or sport. “This week’s NFL market has
odds for Week 4”.