Thursday, November 15, 2018

What is a Bank Roll?

August 17, 2009 by  
Filed under Glossary

In sports, a bank roll is a sum of money that the bettor has set aside for gambling purposes. If you are a smart bettor and one who bets often, a bank roll may be an actual wad of money or a set account. The word bank roll comes from the old days of betting when people bet with actual wads of money, secured in a rubber band of sorts. These days, things are a bit more advanced. The money is managed with computers at sports books and people bet in all kinds of ways.

When you have a bank roll for sports betting, it is important to manage it in the best way possible. For those who are new to sports betting it may be difficult to resist the temptation to put it all down on your favorite team. Parlays and teasers are one way to spread the love a little bit and make the odds go a bit more in your favor in the event that you win.

There is nothing like betting on your favorite sporting event and winning. There is also nothing like losing, but it can be even more devastating when you realize that you have lost your entire bank roll. Resist the temptation to procure new monies for gambling; this is how people get into the hole and lose their homes, their cars, and their savings.

Be strict with yourself when it comes to your bank roll. Only bet money that you can afford to lose, and be smart about your betting. Good luck!

Parlays and Teasers: What Are They, Anyway?

August 17, 2009 by  
Filed under Glossary

For beginning sports betters it can be confusing to keep all of the betting lingo straight. It is easy to be confused by all of the jargon, especially when the old-school bettors seem to know it all and throw it around with ease. Two of the most commonly used words when it comes to sports betting are parlays and teasers. Luckily, these two terms are not nearly as complicated as they may sound.

What is a Parlay?

A parlay is a bet that strings together multiple point spreads, total score, money line bets, or any combination of bets. This is done in order to increase the odds of a good payoff. When combining multiple types of betting like this, the person stands an increased chance of getting big money, as one thing might come through even if the others do not.

A teaser is a type of parlay in which the point spreads or totals can be adjusted to be in the favor of the bettor. The price is lower to move the point spreads or the total. This is called teasing, and it can result in a lower payoff for winning bets.

It is important to remember that a tie in a parlay or a teaser reduces the amount of plays in that parlay or teaser. In many cases the bet will be cancelled and the entire amount refunded for simplicity’s sake. Sports books work a bit differently from one another, so it is a good idea to find out for sure how they operate before placing a bet with them.