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Betucation
29 posts
Bet-ology: “overlay” 🎥
This is a term often used in betting pools and contests.
Bet-ology: “Straddle” 🎥
There are several terms associated with "transaction costs" of sports betting. "Juice" is the fee that enables the house to lock in a profit. Straddle is a way to measure that advantage.
Bet-ology: “Tilt” 🎥
This a term often used in poker and sports betting. Experience and discipline are needed to avoid this.
Bet-ology: “hold” or “hold percentage” 🎥
How a sportsbook performs is often predetermined. And that performance varies from operator to operator. Doug explains how it all goes down.
Bet-ology: Juice or Vig 🎥
This term "juice" is often used in betting conversations. Bettors track and evaluate it. Doug explains what it means.
Myth-conceptions: Do sportsbooks need equal money on each side of a game? 🎥
Doug addresses a common believe that a point spread adjusts to generate equal money on each side of a game.
Bet-ology: Lean 🎥
Sports bettors and analysts often use the word "lean" to describe their opinion on a game. Doug explains what is means and why it is used.
Myth-Conceptions: Only underdogs have betting value 🎥
The word "value" is frequently used in the sports betting space, and many solely attribute it to the payout of an underdog wager. However, Doug explains why that is incomplete.
Bet-ology: Martingaling 🎥
It is a tactic that is occasionally used by a reckless bettor. Doug explains the concept and why it is ill-advised.
Bet-ology: Chalk 🎥
Why do I hear the word “chalk” in betting conversations?