Key terms
- Bonus bet (SNR): free bet; stake not returned, only winnings.
- Dutching: covering all outcomes across different books.
- EV (expected value): average long-run profit of a bet.
- Fair odds: the true price with the book's margin removed.
- Vig / juice: the book's built-in margin.
- Qualifying loss: the small cost of converting a bonus.
- Gubbed / limited: restricted by a book for being a sharp bettor.
- Middle: backing both sides at different lines so both can win.