- Line
- The number a sportsbook posts for you to bet against — a margin, a total, or a player's statistical threshold. Betting is an argument about the number, not about who is better.
- Spread
- A handicap applied to the favourite. “Minus 7” means the favourite must win by more than seven points for that side to cash. A team can win the game and lose the bet.
- Moneyline
- A bet on who simply wins, with no handicap. The price does the balancing instead of a spread, so backing a heavy favourite pays little.
- Total (over/under)
- A bet on the combined score rather than the winner: will the two sides together finish above or below the posted number.
- Player prop
- A bet on one player's statistical total — yards, receptions, points, rebounds, strikeouts — instead of on the result of the game. It depends heavily on that player's usage and health, so it moves sharply on a single lineup note.
- Alternate line
- The same market offered at a different number, with the price adjusted. An easier number clears more often and pays less; a harder one pays more and clears less. That trade is the whole of the Empire's EZ Picks lane.
- Odds (price)
- What the book pays if you are right, and therefore what it implies about the chance of the outcome. American prices are written like +150 (bet 100 to win 150) or -130 (bet 130 to win 100).
- Implied probability
- The chance an outcome has according to its price. A price of +100 implies 50%; -200 implies about 67%. Converting price to probability is the only way to compare a bet against your own estimate.
- Vig (hold, juice)
- The book's built-in margin. Add up the implied probabilities on both sides of a market and they come to more than 100% — that surplus is the vig, and it is why a true 50/50 proposition loses money over time.
- Edge
- The gap between the true chance of an outcome and the chance its price implies. A price implying 50% against evidence saying 55% is a five-point edge — and it only pays out across many bets, never reliably on one. A number you feel good about is not an edge.
- Closing line
- The final price a market settles at just before the event starts. It is the market's best and last estimate, which makes it the fairest benchmark to judge an earlier call against.
- Closing line value (CLV)
- Whether the price you took beat the closing line. Consistently beating the close is evidence that your reasoning was ahead of the market, and it shows up long before a win-loss record becomes meaningful.
- Bankroll
- The money set aside for betting, treated as a fixed pool. Bankroll thinking is what separates a measured approach from chasing: the size of each bet is decided by the pool, not by how confident today feels.
- Unit
- One standard bet size, usually a small fixed percentage of a bankroll. Records are reported in units so that two people with very different bankrolls can compare results honestly.
- Parlay correlation
- Legs on the same game are not independent events — they rise and fall together. Any combined-probability estimate that treats them as unrelated will read higher than the ticket's real chance, which is why the Empire says so on the page rather than hiding it.