Ultimate Sports Betting Quiz: Test Your Knowledge of the Game Behind the Game

Question 1: What does “vig” or “juice” refer to in sports betting?

A. The total amount wagered
B. The profit a sportsbook takes
C. The odds given to underdogs
D. A strategy for parlay betting

Correct Answer: B. The “vig” or “juice” is the commission sportsbooks charge on losing bets to ensure profit.

Question 2: In a point spread bet, what does it mean if a team is listed as -7.5?

A. The team is favored by 7.5 points
B. The team must lose by less than 7.5 points
C. The total score must exceed 7.5
D. You win automatically if they score first

Correct Answer: A. A -7.5 spread means the team must win by 8 or more points for your bet to win.

Question 3: What is a parlay?

A. A bet on one team to win a championship
B. A bet involving multiple selections that must all win
C. A type of hedge betting strategy
D. A wager on both the spread and moneyline

Correct Answer: B. Parlays combine multiple bets into one. All selections must win for the bet to cash.

Question 4: Which of the following is NOT a common type of bet?

A. Moneyline
B. Over/Under
C. Teaser
D. Free throw bonus

Correct Answer: D. Free throw bonus is not a sports betting term.

Question 5: What does “live betting” allow you to do?

A. Bet on games before they start
B. Change your bet during halftime
C. Place wagers while the game is in progress
D. Double your stake automatically

Correct Answer: C. Live betting lets you place bets during a game as odds change in real time.

Question 6: What is an “underdog” in betting?

A. A team with the lowest scoring average
B. A team expected to lose based on odds
C. A player who has been injured
D. A team with home advantage

Correct Answer: B. The underdog is the team or individual expected to lose, often offering higher payouts.

Question 7: If the odds are +200, how much do you win on a 0 bet?

A. $20
B. $200
C. $300
D. $100

Correct Answer: B. +200 means you win $200 in profit on a $100 wager, totaling $300 with your stake.

Question 8: What is the purpose of hedging a bet?

A. To reduce potential loss or secure profit
B. To double down on your original bet
C. To increase the payout
D. To change the odds

Correct Answer: A. Hedging means placing an additional bet to minimize loss or lock in profits.

Question 9: What does “Over/Under” refer to?

A. Whether a team wins by over 3 goals
B. Whether a player gets over 10 rebounds
C. Whether the combined score goes over or under a set number
D. Whether your parlay includes more than 2 games

Correct Answer: C. Over/Under bets are based on whether the total score is above or below the sportsbook’s line.

Question 10: What is a “push” in sports betting?

A. When your bet is doubled
B. A bet placed by mistake
C. A tie where you get your money back
D. When odds shift before kickoff

Correct Answer: C. A push happens when the final result lands exactly on the point spread or total, and your stake is refunded.

Final Score:

8–10 Correct: Sports Betting Pro
5–7 Correct: Knowledgeable Bettor
2–4 Correct: Rookie in Training
0–1 Correct: Time to Hit the Books

This quiz is perfect for entertaining and educating your readers, podcast audience, or betting community. Share it, challenge your friends, and sharpen your betting IQ.