What Does Pk Stand For In Betting
In sports betting, “PK” is an abbreviation for “pick” or “pick’em” and refers to even money wagers in point spread betting. PK simply means that neither team is the favorite nor the underdog, so the point spread is zero.
Whenever you place a PK bet, you are essentially wagering on one team or the other to emerge victorious regardless of the winning margin. Consequently, if not for the juice, you’d always risk a dollar to win a dollar with a bet of this type.
Usage Example
The point spread bet is a bet designed to give each team an equal chance of winning a particular game. Obviously, not all teams are equal, so the sports-books have devised a mechanism to even up the teams, and that is by taking points/runs/goals off the team who is favored.
What Does Pk Stand For In Betting
- A teaser (or a 'two-team teaser') is a type of gambling bet that allows the bettor to combine his bets on two different games. The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win. A teaser is a type of wager used in sports betting, most commonly in basketball and football.
- Boxed bet: Boxing a bet means to cover all possible combinations of finish for multiple horses. If you want to box an exacta, you would bet that Horse A wins and Horse B places, and also that Horse B wins and Horse A places. In other words, you think those two horses will finish first and second, but you're not sure in what order.
- Pronounced 'Pee-kay' Originally meaning ' Player Killing,' the term PK is now also colloquially used in China and Taiwan as a verb form of the word versus in situations where there may actually be no avatar/ player killing.
- City Directory Abbreviations The following is a list of commonly used abbreviations within the City Directories. Ab, above acct, accountant adv, advertising.
Let’s consider the following situation: two teams are supposed to play an important Super Bowl match, but one of the star quarterbacks has been injured before the game and the point spread has been narrowed to the point where it became a PK game.
What Does Pk Stand For In Betting Terms
In such a case, you’d usually see something like Team A – PK (-110), Team B – PK (-110) advertised by the sports books. This would mean that you’d have to bet $110 on either team for a chance to win $100 if your team manages to emerge victorious from the game.
Trivia
Keep in mind that while even money bets are fairly popular in some casino games like Roulette or Craps, the abbreviation PK is never used when referring to them. In sports betting, even money bets are often marked using EV instead of PK.