What is consensus means in sports betting

The Consensus Report is a dynamic (yes, that means it updates as picks are entered) report that tells you how what is consensus means in sports betting of our handicappers are on each side of a. The percentage of “Moneyline Bets” placed on Team A vs Team B. Example, 92% of the Moneyline bets placed in the Cincinnati vs San Francisco NFL game were placed. When something is less likely to happen, the odds are considered “long”. Betting on an underdog would mean that you're betting on “longer odds” than you would. The consensus refers to all of the betting action on an event or game, translated into a percentage. Bettors refer to consensus picks to see.

The Meaning of Consensus in Sports Betting

As the world of sports betting continues to evolve, one term that often gets thrown around is "consensus." But what exactly does consensus mean in the realm of sports gambling?

Consensus in sports betting refers to the general agreement or opinion of a large group of bettors on a particular game or event. It represents the collective sentiment of the betting public regarding a specific matchup, such as which team is likely to win or whether a game will go over or under the total points scored.

For instance, imagine a scenario where 80% of bettors believe that Team A will defeat Team B in an upcoming basketball game. In this case, the consensus would indicate strong support for Team A among the betting community.

Understanding the consensus can be valuable for bettors looking to make informed decisions. By analyzing where the majority of bets are being placed, individuals can gain insights into popular trends and potentially identify opportunities for contrarian betting strategies.

Moreover, some sportsbooks display consensus data, showing the percentage of bets placed on each side of a wager. This information can help bettors gauge market sentiment and adjust their strategies accordingly.

While consensus data can be a useful tool, it's essential for bettors to conduct thorough research and analysis before making any wagers. Factors such as line movements, injury updates, and statistical trends should also be taken into account to make well-informed betting decisions.

Sportsbook Glossary of Terms

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What is NFL consensus? What is the NFL Consensus? Essentially, the NFL consensus is a snapshot into what's going on at the sportsbooks – you can see the percentage of wagers on each side of every football game based on the point spread, moneyline and the OVER/UNDER.

What is the difference between bet percentage and money percentage? Percentage (%) of bets: The proportion of bets made on a side of a wager. For example, if we track 20,000 bets on the Lakers-Suns game and 13,000 of them are on the Suns, that would be 65% of bets on the Suns. Percentage (%) of money: The proportion of money bet on a side of a wager.

Understanding Sports Betting Terminology

For example: If the Buffalo Bills are favored by But if they beat the Dolphins , that means the Dolphins will have covered the spread as a When a bettor believes they know factors that gives them a better chance of winning than what the odds would suggest. Most commonly used in horse racing , odds are shown as a fraction instead of American odds or decimal odds.

A type of long-term bet that will be graded at a later date near or far. The most common type of futures bet is a wager on a sports team to win their season-long championship Super Bowl futures, World Series futures, NBA championship futures, and Stanley Cup futures, to name a few examples.

The process of studying and researching statistics, trends, and any other factors before placing a bet. The total amount of money that a sportsbook has taken from wagers on a game or event, or the total amount of money that a sportsbook has taken in wagers over a given period of time. The process of betting on both sides of the same bet to ensure minimal losses or a guaranteed profit.

Betting on live odds that are offered while the event or game is taking place is the most common way to hedge a bet. This strategy is also known as middling. The half point. A spread or total that does not have a hook has a chance of landing directly on the given point spread or total number, which would result in the bet being refunded.

The commission that a sportsbook takes on a given bet. The pitchers that are assumed to start a baseball game when the bet is placed. If either pitcher does not start the game due to a lineup change or other circumstances, the bet will be void and refunded in most cases. A bet that is considered to be extremely unlikely to happen, but one that would usually offer a large payout if it does.

When betting on a favorite on the moneyline the payout will usually be much smaller than it would be if you were betting on the point spread. When betting on an underdog on the moneyline, the payout will usually be much larger than it would be if you were betting on the point spread. For example, if a baseball game is called early due to inclement weather, any bets that were contingent on the game going the full nine innings will be considered no action.

When the number of points or other measurable statistic surpasses the given total that was wagered on. Example: If the total for the Philadelphia Eagles vs Dallas Cowboys game is 45, and the Cowboys defeat the Eagles , that means the over hits. It can also refer to a bet on the amount of any other measurable statistic in an event that can be wagered on.

An event or game in which each side has a perceived 50 percent chance of winning. What is consensus means in sports betting There is no favorite or underdog as both sides have an equal perceived chance of winning. Someone who places a bet for someone else. Usually used by a bettor to bypass limit or geographical restrictions. The side of a bet that is receiving a higher percentage of wagers. When a bet is refunded due to the game ending in a draw or the result of the event lands directly on the given point spread or total.

Typically, you will see the puck line at Almost always set at If one opts in for self-exclusion at an online sportsbook, that means you are voluntarily choosing to be banned from gambling at a particular sportsbook. All reputable sportsbook operators, whether in person or online, will have a self-exclusion option. A bet that is expected to have a higher probability of winning.

The bigger the favorite, the shorter the odds. Example: Georgia is playing Vanderbilt in football. The Bulldogs, with a moneyline of , have very short odds to win. Fade the Public A popular strategy among experienced bettors is to fade the public approach. Stay Updated on Line Movements Keep a close eye on how the betting lines move in conjunction with the public consensus.

Understand Bookmaker Intentions Remember, bookmakers aim to balance their books. Use Consensus Data from Multiple Sources Different platforms may have varying public consensus percentages. Related Articles. Geoff Lambert Follow on X September 29, 2 minutes read. Geoff Lambert Geoff has been playing fantasy football since and covering it professionally since In addition to being the founder of GoingFor2.

Geoff's favorite professional teams are the 49ers, the Pelicans and the Nationals. Check Also. Facebook X Reddit. Close Search for. Hot Game — A game with many bets on it. Home Field Advantage — A term used to describe the advantage a sports team has by playing at their home ground. Hook — A spread half-point.

Hoops — Basketball. House — The sportsbook itself. House Cut — The percentage of money from the pot taken by the house. House Rules — Rules set by the sportsbook. HTML5 — A programming language used by online sportsbooks. If Bet — Multiple bets on a series of results. In and Out Teaser — Betting on the favourite, underdog, over, and under in a game.

In the Red — Odds-on favourite. Index Betting — Spread betting. Investment — The amount of money put in the pot by a player. Investment Odds — The estimated return on the wager made for a particular hand or action. Implied Odds — Ratio of the money expected to be in the pot by the end of a round or hand. J Jackpot — The biggest or one of the biggest prizes.

Joint Favourites — Two teams or players with the same odds. Jolly — The favourite, a UK term. Juice — See Commission. Kentucky Derby — A famous annual horse race in Kentucky. Key Numbers — Used frequently in football, the standard numbers or margins of defeat.

Lay a Bet — Accepting or placing a bet on the favourite. Layoff Bet — See Hedging. What is the verbal message of sports betting companies Laying the Odds — Place a bet on the most likely to win. Laying the Points — A type of spread betting. Laying the Price — A moneyline wager on the favourite. Limit — The limit before the odds change. Lines — Odds from a sportsbook. Live Betting — Betting during the game. Live Chat — Live customer service messaging service.

Lobby — The main area of sportsbook or tournament. Lock — A bet considered a certainty. Long Odds — Long odds, usually greater or higher than 10 to 1, unlikely to win. Longshot — The team or player with long odds. Margin — See Commission. Also, how much a team or player defeats the opponent by. Martingale System — A wagering system that some punters use.

Match Bet — A bet on two variables against each other. Matched Deposit Bonus — A bonus cash award matching the player's deposit amount. Max Cash-Out — The maximum amount players can withdraw at any time. Maximum Bet — The maximum amount a player can bet. Minimum Bet — The minimum amount a player can bet. Middle — A wager on the underdog on a one-point spread and the favourite at a different point spread, winning both.

Mobile Sportsbook — An online sportsbook that is optimised for mobile devices. Moderated Chat — An online game chat room moderated by customer support staff to help players. A bet on the end result of a match or game. What is consensus means in sports betting UK slang. Monthly Promotions — Online casinos have various promotions; many include monthly offers that change month to month. Move the Line — A punter pays another amount in exchange for an extra half-point in a point-spread game.

Multiple — See Accumulator. NRNB — Non-runner, no-bet — the horse did not run in the race. The stake is returned to the punter. Nap — Refers to a Napoleon or the best pick of the event. Net Winnings — The total received from winning bets over time. US slang. No Action — A bet that doesn't win or lose.

No Limit — A game without a bet size limit. Non-runner — A horse that did not take part in the race. Novelty Bets — Special bets, such as bets on television shows. Number Spread — An index spread. It is based on the amount of runs, goals and points in an event. O Odds — The amount a bet pays out. For example, 2 to 1, 10 to 1, etc.

Odds Against — The long-term ratio of negative to positive outcomes. Odds For — The long-term ratio of positive to negative outcomes. Odds Format — The different odds formats at various jurisdictions, such as decimal versus fractional. Odds-On — If the odds are shorter than evens.

Odds On Favourite — The favourite to win. Odds Shopping — Comparing sportsbooks to find the best odds. Off the Board — A game not going ahead. On the Nose — Betting on a horse to win. Onesies — Players who play the lowest amount each time on a slot. Online Casino — Online version of bricks and mortar casino.

Opening Line — The first odds offered. Outlaw Line — The earliest line in sports betting. Outright Betting — Betting on the overall winner of a tournament. Outsiders — Players, teams, or horses not expected to win. Over — If the total score of two teams is greater than the sportsbook prediction. Over Bet — A bet placed on a combined final score being over a certain amount of points.

Giving the punter an advantage. Giving the bookmaker an advantage. Parimutuel — A betting system where those who back the first three positions split the pool of all other losing bets. Parlay — See Accumulator. Adding winnings from the previous roll to the current roll bet or increasing a bet. Parlay Banker — The favourite in a parlay.

Patent — A multiple bet with 7 wagers. Payout Odds — The odds used to work out the win amount. Payout Percentage — The total won as a percentage. Permutations — The possible outcomes. Point Spread — The number of points given to the underdog to even the playing field. The favourite must win by more than the point spread to win. The underdog must lose by less than the spread or by winning the game outright.

Post-Time — Horse race start time. Pot Limit — A game with a fixed bet size for each round. Place — To finish in a winning position in a tournament. The amount a player must bet, using real money, before releasing a cash bonus. Premier League — The top football league in England.

Prepaid Card — A payment type that uses vouchers to make deposits. Press — Betting a more significant amount than usual. Press a Bet — Adding winnings from a previous bet to the next bet or to double a bet. Price — The odds. Prize Pool — The total amount of prize money that will be split between all winners.

Progression Betting — A betting formula. Puck — A game of hockey. Puckline — A point spread in hockey of Punter — The bettor. UK term. Puppy — The underdog. Push — A game tied to the point spread. Usually, the bet is returned or dropped from the parlay or combination bet. Q Qualifier — Something that must be met to win the bet. Quarter Bet — A wager made during a particular quarter of any game fractioned into quarters.

Quinella — A bet on the first and second in the competition. US term. Rag — The outsider. Real-Time Odds — Odds at a sportsbook that update as the event does. Re-bet — Betting the same amount that was just won.