The Different Types of Bets
Moneyline
A bet on which team will win a game outright, without taking into account the spread. The team with the lower moneyline is the underdog, while the team with the higher moneyline is the favorite.
Example:
Jon Jones to win, his fight, at odds of -313
Spread
A number of points that is added to the score of the underdog and subtracted from the score of the favorite in order to create a more balanced betting market. For example, if the spread is -7.5, the favorite must win by more than 7.5 points in order to cover the spread. The underdog, on the other hand, can win the game outright by losing by 7 points or less.
In MMA, this would be betting on the margin of points a fighter wins or loses by, if the fight goes to a decision.
Over/Under
A bet on the total number of points or runs that will be scored in a game. The sportsbook will set a line, and you can bet on whether the total number of points or runs will be over or under the line.
Example:
Valentina Shevchenko vs Alexa Grasso will go past 3.5 rounds
Parlay
A bet that combines two or more bets into a single wager. All of the bets in the parlay must win in order for the parlay to be successful. Each single bet of the parlay is called a “leg”. Parlays increase your returns while lowering the probability.
Example:
First Leg: Jose Aldo Moneyline at -260
Second Leg: Demetrious Johnson Moneyline at -500
Third Leg: Dominick Cruz Moneyline at -130
Parlay Odds: +194
Teaser
A type of parlay that allows you to move the point spread or total in your favor. For example, you could take a 6-point teaser on a football game, which would move the spread from -7.5 to -1.5 for both teams. You get a more personally favorable spread for a lower return
Prop bet
A bet on a specific outcome of a game, such as the number of passing yards a quarterback will have or the number of hits a baseball player will get.
Example:
Conor Mcgregor will score a knockdown in round 5 and win by decision
Other Terms
Bankroll
The amount of money that you have set aside for sports betting. It is important to manage your bankroll wisely and only bet a percentage of it on each wager. Most people bet no more than 1-5% of their bankroll on any single bet.
**BANKROLL MANAGEMENT IS ESSENTIAL**
Units
A unit is a standardized measure of the size of a bet. It is used by sports bettors to track their performance and make sure they are betting responsibly. Often times one unit is 1% of your bankroll.
Example:
Your bankroll is $10,000. You decide that one unit is equal to $100, then you would wager $100 on each bet.
Push
A push happens when a bet results in a tie or a draw. This means that the bettor neither wins nor loses any money.
Example:
At UFC 73, Rashad Evans vs Tito Ortiz was scored as a Unanimous Draw
Cash Out
Gives you the opportunity to close out your active bet before the outcome is decided. This allows you to secure part of your winnings or cut your losses as the odds change in or against your favor. Cash Out is offered by most online sportsbooks.
Example:
I thought Jon Jones was going to effectively wrestle Stipe Miocic but Miocic is defending the grappling and winning the striking exchanges. I might Cash Out my Jon Jones bet
Hedging
A betting strategy that involves placing a bet on the opposite side of a game in order to reduce your risk. This is often done when you have a large bet on a team that is not a heavy favorite.
You can hedge by live betting. Most sportsbooks have lines open during the games/matches so say you’re watching it live and it’s not looking good; you would put a “live bet” in to mitigate your potential loss.
Example:
I placed a $500 bet on Vicente Luque at -130. His oppenent, Rafael Dos Anjos, is using his wrestling to dominate Luque. I would hedge by placing a live bet on Dos Anjos to win so I don’t lose the entire $500.
Arbitrage
A betting strategy that involves betting on both sides of a game in order to guarantee a profit. This is only possible when there are different odds offered by different sportsbooks for the same game.
Steaming
A sudden change in the odds of a game that is often caused by large amounts of money being bet on one side. Steaming can make it difficult to get good value on your bets.
Juice
This is the cut a sportsbook takes from every bet.
Pick ‘Em
A pick ’em is a game in which neither team is favored. This means that the odds for both teams to win are the same. Pick ’ems are like 50/50. Of course the house will take its cut.
Example:
Dustin Poirer at odds of -110 vs Justin Gaethje at odds of -110
You can find my all of my MMA picks here
Official Picks are hitting at 93.75% (30-2-3)
Unofficial Picks are hitting at 87% (48-7-4)
Picks Spreadsheet:
https://docs.google.com/spreadsheets/d/1-_HVQLqe6DEmGkhkftv3tlDJW9cRrpy60_CdqHNyECs/edit?pli=1#gid=0
Picks are posted on a weekly basis, at least one day before the fights. They are also posted on my Twitter @BoloDojo
Bolo Dolo 
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