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A qualifying bet is a bet you place at a bookmaker for something in return, such as a free bet or bonus. For example, a bookmaker might offer you a 10 free bet if you first bet 10 of your own money.

Some promotions, such as Sign Up offers and Profit Boosts, are given to all sportsbook users without the need to qualify. But many promotions require an initial bet to qualify for the promotion. This is known as a Qualifying Bet. The Qualifying Bet reward is given in the form of Site Credit or Free Bets.

The slang bet appears to come from the everyday word bet, a wager  or to risk something of value.  By the 1850s, we were saying You bet! as an affirmative exclamation with the sense of Indeed!  This expression has the underlying notion of You can bet that it is so or That's a bet.

Dog  Short for underdog. Even  What you see next to a game when no team is given better odds. Short for even money. Sometimes called a pick 'em game. If you bet $10 and your team or player wins, you win $10.