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If this is your first season betting on baseball, well, you picked an interesting one. Unlike football and basketball where the majority of bets are based on the point spreadbaseball is a moneyline sport. This means that bettors need to pick only who wins the game, not who covers.

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Betting terms survive termination

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Middle : When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2. She can then bet the opposite team at 3. She would then win both sides of the bet. Money line noun , money-line modifier : A bet in which your team only needs to win.

The point spread is replaced by odds. Oddsmaker also linemaker : The person who sets the odds. Some people use it synonymous with "bookmaker" and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets. Off the board : When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game.

This can happen if there is a late injury or some uncertainty regarding who will be participating. Also used in prop bets. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line. The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner. Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog.

Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Square : A casual gambler.

Someone who typically isn't using sophisticated reasoning to make a wager. Steam : When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.

Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread. Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager. Total : The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total.

Tout service : a person or group of people who either sells or gives away picks on games or events. Underdog : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount ATS , or get better than even-money odds that it will win the game outright. Skip to navigation. Betting: Glossary of common terms. Kansas City Chiefs. Bucs equal bucks as U. Tampa Bay Buccaneers. Sportsbook offers refunds after Reed controversy.

LeBron now MVP favorite at some sportsbooks. Los Angeles Lakers. It's flipping madness: 'Startling' amount bet on Super Bowl coin toss. A gamble on Brady's move to Tampa Bay leads to profits. Notable Super Bowl betting trends. Notable Bets: Mahomes' injury throws oddsmakers for a loop. Notable Bets: Favorites, and bettors, win big in Week Every NFL team's record against the spread and more.

Notable Bets: Receiverless Browns let down betting public. Notable Bets: A Jets bet you won't believe. Notable Bets: NFL underdogs taking toll on betting public. Notable Bets: Jets spoil biggest win of season for bookmakers. Notable Bets: The remaking of the Saints-Broncos point spread.

Limitation of liability clauses and arbitration clauses are recognised as continuing contractual obligations after termination, as affirmed by the House of Lords in Photo Production Ltd v Securicor. In this case Lord Diplock noted that cancellation will only terminate the primary contractual obligations the parties undertakings , but not secondary obligations clauses that are conditional on one of the parties breaching their undertakings.

This is because secondary obligations arise at the time the contract is entered into and so continue unaffected after termination. Whether an indemnity clause within a contract would be treated as a primary or secondary obligation is more uncertain. An analysis of Photo Productions suggests that secondary clauses are only those that are triggered as a result of the breach of contract. Accordingly indemnity clauses would not be considered secondary obligations since their operation is not reliant on a party defaulting under the contract itself.

An indemnity contract or clause in this context usually gives rise to a primary liability on one party to pay the other party for loss suffered after the occurrence of a certain event. Therefore if the relevant event occurs before the contract is terminated, the indemnity clause is usually considered an enduring provision and one party is still obligated to indemnify the other even after termination of the contract.

If the event occurs after the breach and termination of the contract then the indemnity clause is not enduring and any rights one party had to be indemnified for a loss would normally cease to exist along with the other primary obligations in the contract. The extent of discharge of provisions is of course always dependent on the intention of the parties to the contract.

The importance of the parties' intentions is reflected by the fact that substantive clauses such as restraint of trade and confidentiality clauses are often drafted in a manner that clarifies that they survive a termination of a contract. Therefore, if a contract contains an express provision that excludes all indemnity rights upon breach and subsequent termination of the contract, the expressed intention of the parties will govern and the indemnity will be excluded.

However, if no such provision was contained in the contract, based on the reasoning above an indemnity should generally remain enforceable after termination, for any events prior to the termination date. The fact that a party to a contract has committed a breach does not deprive them of all rights arising from the contract. Accordingly if the defaulting party possesses an accrued right to receive performance from the other party, this is not divested upon termination.

A defaulting party may also claim damages for any breach committed by the other party prior to termination of the contract. A defaulting party can also recover sums paid, but the ability to recover monies paid will depend on the terms of the contract, and the nature of the sum paid. More particularly, whilst a deposit is not usually recoverable by a defaulting party, an instalment payment will be recoverable where it is treated as being paid conditionally, upon completion or performance of the contract.

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Please use the below form to contact us with an enquiry or feedback. We always endeavor to respond within working days. Your enquiry has been submitted. Thanks for contacting us, we will be in touch within working days. Legal update - Contracts — what endures beyond termination?

Section 7 of the Act outlines situations in which a party may cancel a contract, including for breach, and section 8 goes on to provide that so far as the contract remains unperformed at the time of cancellation, no party shall be obliged or entitled to perform it further This is consistent with the common law position that terminating a contract only terminates the duties of the parties to perform unperformed contractual obligations.

So which clauses survive a termination?

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