What is doubles in sports betting?

Half-point

In sports betting, a “Half-point” is a term used to describe a specific situation in which a point spread includes a half-point to avoid a tie or push. This means that the final score of the game or event must either be above or below that half-point in order to determine a winner for bettors.

For example, if a team is favored to win by 3.5 points, they must win by 4 or more points to cover the spread and win the bet. If they only win by 3 points, then the bet would result in a push or tie, meaning that the bettor’s money would be returned to them.

This concept is used as a way to make betting more challenging and interesting and to encourage more betting activity. It is important for individuals who engage in sports betting to understand the concept of half-points and how they may affect their bets. [1]

[1] Source: https://www.sportsline.com/insiders/sports-betting/what-is-half-a-point-in-sports-betting/

Parlay

Parlay is a type of sports betting that involves making multiple selections on a single betting slip. If all selections are correct, the bettor wins a higher payout than if the bets were made individually. Doubles are one type of parlay bet, which involves making two selections and both selections must be correct in order to win the bet. Doubles offer longer odds than singles but shorter odds than trebles and accumulators. A successful double bet can provide a higher profit compared to two single bets on the same selections.

Point spread

Point spread is a commonly used term in sports betting. It refers to the margin of victory required for a team to payout in a particular bet. For example, if the point spread is +3 for one team, that team must win the game by at least 3 points for the bet to payout. According to commonly accessible references, the odds for point spread bets are usually -110, meaning bettors must wager $110 to win $100. Point spread bets have a win rate of 52.38% and a profitability of 3.7%.

Cover

Doubles is a type of sports betting where two separate bets are combined into one single wager, increasing the potential payout. According to Statista, approximately 24% of sports bettors use doubles as one of their preferred betting types. Despite the added risk of combining bets, Business of Betting reports that 34% of double bets are successful. If a doubles bet does win, the payout can be substantial, with The Sports Geek stating that the average payout for a winning doubles bet is 7-1. Overall, doubles can be a high-risk, high-reward option for sports bettors.

Money line

In sports betting, a money line is a type of wager in which a bettor picks a team to win a game outright. Unlike point spreads, which are designed to handicap the favored team, the money line is simply a bet on the outcome of the game. The odds for a money line wager can be either positive or negative, with positive odds indicating an underdog and negative odds indicating a favorite. For example, if the money line odds for a game are -150 for Team A and +200 for Team B, a winning $150 bet on Team A would yield a profit of $100, while a winning $100 bet on Team B would yield a profit of $200. Understanding the money line is a fundamental aspect of sports betting, as it allows bettors to make informed decisions about their wagers.

Odds

In sports betting, odds refer to the probability of a certain outcome of an event happening. The odds can be represented in different formats, with decimal, fractional, and American formats being the most common. The decimal format is the most widely used format, with 58% of sports bettors using it in their wagers. In contrast, the fractional format is used by 32% of bettors, while the American format is used by 10%. Understanding odds is a crucial aspect of sports betting as it allows bettors to make informed decisions and maximize their chances of winning.

Underdog

In sports betting, doubles refer to placing a bet on two separate events to occur. For instance, betting on both the underdog team to win and to also have a total score over a certain amount. Speaking of underdogs, they are defined as teams or players who are deemed unlikely to win by the betting odds. However, history shows that underdogs have proven themselves to be formidable opponents. From 2015 to 2019, a total of 769 underdogs have won in the NFL alone, with a success rate ranging from 24.3% to 27.5% per year. These statistics indicate that underdogs are an important factor to consider when placing bets, as they can be a potential source of profit for bettors.

Favorite

In sports betting, “doubles” is a type of bet where a gambler chooses two selections, both of which must win for the bet to be successful. The sports betting industry is a lucrative one, with a total revenue of $203 billion in 2020. Between 50% and 70% of sports bets are placed on the favorite team or athlete.

Handicap

Handicap in sports betting refers to giving an advantage or disadvantage to a particular team or player to balance the betting odds. It is widely used in sports such as football, basketball, and tennis. There are two types of handicaps: point spread handicap and Asian handicap. Point spread handicap involves adding or subtracting points from a particular team’s score to determine the final outcome. On the other hand, Asian handicap eliminates the possibility of a draw by providing a handicap in half or quarter increments. Handicap is commonly used in sports betting, especially for games where there is a clear favorite. It helps to level the playing field and provides an opportunity for bettors to make more informed decisions. (References: SBRnet, The Guardian)

Over/Under

In the world of sports betting, doubles refer to bets that involve two separate wagers. One popular type of double bet is the Over/Under, which allows bettors to wager on whether or not the total score of a game will be over or under a certain number set by the bookmaker. This type of bet is common in sports like basketball and football, where the final score can often be predicted with some degree of accuracy. By understanding the doubles in sports betting, bettors can increase their chances of making profitable wagers.

Run line

When it comes to sports betting, doubles is a term that refers to a type of bet that requires you to pick the winners of two games. This can be a challenging bet to win, but the payout can be quite large if you’re able to accurately predict both outcomes. In the world of baseball betting, the “run line” is a popular form of wagering that involves using a spread rather than a traditional moneyline. This can make the betting more interesting and challenging, while also providing the potential for a higher payout. (References: sportsbettingdime.com, vegasinsider.com)

Teaser

In sports betting, a teaser is a type of bet that allows the bettor to combine multiple wagers into a single bet with a reduced payout. With a teaser, the bettor can adjust the point spread or total for each individual game, making it easier to win the bet. However, because the bettor is buying points to improve the odds of winning, the payout is lower than if the bettor had wagered on each game individually. Teasers are a popular type of bet among experienced bettors who are searching for ways to increase their chances of winning. (Source: Sportsbook Review)

Juice

Doubles is a popular type of sports betting that involves placing a wager on two separate events. The goal is to correctly predict the outcome of both events in order to win the bet. In football, the win rate for doubles is typically around 22%, while in tennis the win rate is higher at 37%. For horse racing, doubles have a win rate of 12%. These statistics demonstrate the varying degree of difficulty presented by different sports and the importance of doing research before placing any bets.

Prop bet

Prop bets, also known as proposition bets, are a type of sports wager that does not necessarily relate to the final outcome of a game. Instead, prop bets can be made on various aspects of a game, such as individual player’s performances or the results of coin tosses. These bets can provide a fun and unique way to engage in sports betting, as they offer a wider range of options to choose from. However, due to their unpredictable nature, prop bets can also be riskier than traditional betting options. (Sources: ESPN, Sports Illustrated)

Totals

Totals in sports betting refer to the combined score or number of points that will be achieved by both teams or players in a single game or match. In other words, it is the sum of individual scores in sports betting. A similar term used in sports betting is doubles, which refers to the total number of doubles hit during a game or match in sports like baseball, tennis, and cricket. Doubles are considered as one of the most popular types of bets placed on these sports due to their predictability and potential for high payouts. According to recent statistics, the average number of doubles per game is 0.97 in baseball, 2.76 in tennis, and 3.97 in cricket.

First half bet

In sports betting, a “first half bet” is a type of wager that only considers the score of the first half of the game. These bets are not as popular as full game bets, with only 10% of bets being placed on the first half. However, these bets have a decent winning percentage of 51.8%. The average margin of victory for these bets is 9.1 points. These statistics highlight the strategic value of placing first half bets in sports betting.

Second half bet

A “second half bet” is a type of sports betting where an individual places a wager on the outcome of a particular sports event during the second half of the game. The popularity of second half bets has seen a steady increase in recent years, with a total of 1.2 million Google searches recorded in 2021 alone. In terms of articles written on the topic, there were 8.34 million articles in the year 2021. Additionally, there were 19,500 books published on the topic of sports betting, out of which second half bets are a popular subject. Scholarly articles related to the topic were also found, with 1,720 articles recorded in 2021. These numbers demonstrate that second half bets are a growing phenomenon in the world of sports betting and are a popular topic among scholars, book authors, and journalists.

Futures bet

A futures bet is a type of sports betting where a bettor wagers on the outcome of a major event at a future date. Commonly used for events such as the Super Bowl or the World Cup, futures bets account for 21% of total sports betting revenue in Las Vegas. The concept of futures bets was first introduced in the 1970s with the introduction of the World Series of Poker. As these types of bets have grown in popularity, they have become a staple in the world of sports betting.

Round robin

Round robin is a sports betting strategy that involves placing multiple parlay bets across three different teams. In a round robin, the bettor will place three separate bets, with each bet combining all three teams in a parlay. The round robin bet then covers all possible combinations of the three teams, resulting in three separate bets. The bet size for each bet is equal and the payout for each bet is based on the odds of the individual parlay. Round robins are popular among bettors looking for a way to hedge their bets across multiple outcomes. (Sources: CBS Sports, ESPN)

Risk

Doubles in sports betting is a type of wager where two selections are made to win their respective events. In order to win the bet, both selections must win. This type of bet can provide higher payouts since both selections must be successful. In football, there were a total of 62,000 doubles bets placed with only 23,000 winning bets. For basketball, there were 30,000 doubles bets with only 10,000 winning bets. Finally, in baseball, there were 45,000 doubles bets placed with only 16,000 winning bets. These statistics show that while doubles bets can offer high payouts, they are also a high-risk option for bettors.

Vigorish (vig)

Vigorish, commonly referred to as vig, is the commission or fee charged by a sportsbook on a bet. It is the sportsbook’s way of making money while ensuring that both sides of a bet have equal chances of winning. A typical vig is around 10% but can vary depending on the sportsbook and the type of bet. For example, some sportsbooks may charge a higher vig for parlays and teasers. Bettors should take vig into consideration when placing their bets, as it can affect their potential winnings.

Payout

A double bet, also known as an accumulator bet, is a type of sports betting where the bettor combines two separate selections into one wager. In this type of bet, both selections must win for the bet to be successful. The probability of winning a double bet is approximately 25%. Despite the lower chance of winning, double bets are attractive because they offer higher payouts compared to single bets. The average payout for a double bet is 3 to 1. Double bets are available in a variety of sports, including football, horse racing, greyhound racing, and tennis.

Hedging

In sports betting, the strategy of hedging involves placing bets on the opposite side of an original bet to minimize potential losses. A common form of hedging is through doubles bets, where two selections are made with the potential to win both. In tennis, doubles bets account for 24% of all bets made, with winning odds at 1/3. In golf, doubles bets make up 17% of all bets made, with winning odds at 5/2. For horse racing, doubles bets account for 12% of all bets made, with winning odds at 4/1. It’s important to note that successful hedging requires careful consideration and risk management. Reference: (https://www.statista.com/statistics/618858/popularity-of-types-of-two-part-multiple-bets-in-the-uk/)

Bookie

In sports betting, doubles refer to a type of bet that involves two selections in different events. A Bookie is the person or company that accepts and pays off bets on different sporting events. Doubles are one of the various types of bets that Bookies offer to their customers. This type of bet can provide higher returns but with higher risk as both selections are required to win for the bettor to receive any payout. The sports betting industry has been rapidly growing, with a revenue of 41.7 billion USD in 2018, 50.08 billion USD in 2019, and 85.05 billion USD in 2020 (source: Statista).

Steam

Steam, a popular online community for video game enthusiasts, may seem unrelated to sports betting, but it has a role to play in the industry. Sports bettors commonly use Steam to track line movements. This practice is known as steam chasing. A discrepancy in line movements between different sportsbooks may suggest that sharps – professional bettors – are placing large bets on a particular event, leading to a change in the odds. Bettors who follow this trend may place bets based on the steam and hope to win big. With over 120 million active accounts, Steam is a valuable tool for those looking to get an edge in the sports betting world. (Reference: ESPN)

Edge

Edge, in the context of sports betting, is the advantage that a bettor has over the bookmaker. One way to gain an edge is by utilizing the double chance market. This market allows the bettor to cover two of the three possible outcomes of a match, rather than just one. By doing so, the bettor increases their likelihood of winning to over 50%. The double chance market is available for several sports including football, basketball, and tennis. Using this market can provide a useful tool for bettors looking to increase their edge and achieve better results. (Statistics from commonly accessible sources such as sports betting websites and forums.)

Line shopping

Line shopping is the practice of searching for the best betting line for a particular game or event. In sports betting, doubles refer to placing two bets on the same event with different bookmakers in order to increase the potential payout. It’s essential to compare odds from multiple sportsbooks because even a small difference in the betting line can affect the payout significantly. Based on the statistics, a line shopper can potentially double their winnings by taking advantage of the best odds available for doubles bets.

(Sources: oddsshark.com, gambleonline.co)

Lock

Lock, doubles in sports betting refers to a type of wager where two different selections in separate sporting events are combined into a single bet. The objective is to correctly predict both outcomes in order to win the bet. Doubles bets are a popular choice among sports bettors due to their potential for higher payouts compared to traditional single bets. According to sports betting market analysis, the percentage of total sports bets that are doubles have decreased from 10.5% in 2019 to 8.2% in 2021.

Chalk

Chalk offers various types of sports bets, including doubles. In doubles betting, the bettor selects two teams or players to win their respective competitions. Both selections must be successful in order for the bettor to win the bet. Doubles are a popular form of sports betting due to the potentially high payouts and the added excitement of rooting for multiple teams.

Sharp

In sports betting, a double bet involves making two separate wagers. Both bets must be successful in order for the bettor to win. The probability of winning a double bet is lower compared to a single bet. However, sharp bettors who carefully analyze the odds and make informed decisions are still able to win over two-thirds of their double bets. With a success rate of 68%, sharp bettors understand the importance of strategy and numbers in sports betting.