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Must Know Terms
A wager of any kind. A slang term for betting in general. For example; the bookmaker saw plenty of action on the game.
Against the Spread (ATS)
Refers to taking or laying points (aka the spread) as opposed to taking a game straight up. Placing a bet where the outcome will be decided by a point spread.
A scenario where the odds available on a single betting market make it possible to make more than one bet and guarantee a profit.
The simultaneous purchase and sale of the same game in different markets to profit from unequal prices.