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Originally coined by a sports writer in Sports Illustrated's Mitch Goldich in 2024, the term Octopus is used to describe a football player scoring a touchdown and then scoring the subsequent two-point conversion.

Monkey  Betting slang for 500. Nap  The best bet of the day from one tipster. Odds On - Where a bet's winnings are less than the stake - e.g. winning a 5 bet at odds of results in a 7.50 win (including stake). Pony  Betting slang for 25.

This showcases how even on an even game the bookie always takes a 10% rake. Statistically the average gambler will win this bet 50% of time. Therefore, for everyR$100 you wager, the book will earnR$5 and a gambler will loseR$5.

If you take in no more thanR$10,000 a week in bets, then you should start withR$10,000 on hand. That's about what you would expect if you were opening a local bookie operation. If you are starting a sportsbook business in a major city and plan to launch a major operation, you might need up toR$500,000.