Sport Betting Terms
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Slang used in the United Kingdom to describe the betting tax. This is sometimes also referred to as beeswax.Arbitrage
*Jan 15, 2021 The first thing you should do is to get familiar with sports betting terms. Fortunately, you came to the right place to learn a few sports betting terms every beginner needs to know. We will highlight the most relevant ones, and make your journey easier in that way.
*Sports Betting Terms & Glossary Action – A wager of any kind. Added Game – A game that is not part of the regular Las Vegas rotation. Oftentimes this will be a rescheduled game or the second game of a doubleheader.
*Betting limits are the largest wagers sportsbooks will take from its clientele. The limits will differ based on the sports book, sport, event start time and other factors. Often sports books will set lower betting limits when the line is initially released.
The following is a Glossary of Gambling Terms for: NFL betting, College Football betting, NCAA Football betting, Baseball Betting, MMA Betting, UFC betting, Boxing wagering, NHL betting, NBA betting, NCAA Basketball betting, College Basketball Betting and other major sports.
A mistake by sportsbooks which allows you to wager on every single outcome in a sport or event and make a profit.
A type of spread bet where a half point is added to the line because the chance of a draw is high in that particular sport.Back
When you support a particular team by placing a wager on them, you back them to win. This can also be called backing.
Losing on a bet that was all but a certainty is considered a bad beat.Banker
A slang term used when a bet is expected by everyone to be a winner.
The amount of cash that a person has set aside for sports betting is known as their bankroll.Beard
A person who places bets for another person who doesn’t want to be associated with sports betting.
A cash wager on the outcome of a particular event.Bettor
A person who places a bet on sports. Also referred to as a punter in some parts of the world.
A marketplace where people and bookmakers can retrieve odds on various sports and events in order to lay bets or make a wager.Bookmaker
A company or person that is licensed by the country or state they operate in to accept wagers on sports. Sometimes also called a bookie. This is a term used in the United Kingdom and Australia. In the United States, it’s called a sportsbook.
A $100 bet.Chalk
The favorite is known as chalk. A chalk player is a bettor who always just bets on the favorite.
A selection of the first and second teams or people to finish that way in any order. This is also called a quinella.Circle Game
Sometimes wagering limits are lowered due to extenuating circumstances. The game is then known as a circle game when this happens.
The final line that a sportsbook has before betting is closed due to the game starting.Sport Betting FreeCredit
An amount of cash that is giving to you by a bookmaker to make bets. If you win you’ll just receive the winnings if you lose you’ll have to pay back the original bet.
If a result ends up as a draw and that result was not available to be wagered on initially, then there will be a rule in place to pay out winnings at a certain rate. This can vary between sportsbooks.Dividend
The total payout for a winning bet is known as a dividend. This dividend includes the amount won and the initial bet.
A $1000 bet.Dog
The underdog in a sporting game or event, that is the team or person that is not likely to win.
In this type of bet, you receive your money back if the game ends in a draw. It’s a popular bet in soccer because so many games end in a draw in that sportDutching
Covering a number of competitors in an event while ensuring you’ll be in profit if any of them win.
Another type of a spread bet, however, only total points are used. So the bet can result in a push if the handicap pushes the loser up or down to equal points of the winner.Even Money
A bet which pays out at 1 to 1 is known as even money.
A bet on the first two places in a sport or event in the correct order.Field
A complete list of all competitors in a particular sporting event. Usually, this will be associated with golf, horse racing, snow sports, and athletics.
In this bet type, the odds are fixed and won’t change after the bet has taken place. You’ll know exactly what your payout is based on the amount you wagered and the fixed odds at that particular time.Flash
A change of the odds listed on a tote board.
The number of outcomes contained within a parlay bet.Form
A record of a participant’s recent results in sporting events.
A wager placed on a long term result such as who will win the super bowl before the season starts. This is also known as an ante-post bet.Grand
Slang for $1000.
A wager made at half time in a sport. The odds will be updated to reflect the game situation and how teams or people are performing.Half Ball
A bet in soccer where you win if your team wins or the game is a draw.
A disadvantage or advantage for a team, this is used in spread and line bets.Hedging Your Bets
Making separate bets which are in favor of the outcome against your main bet to provide you with some insurance if your main bet fails. In general, hedging your bets is not a good idea unless you have a lot of money on the line in a futures bet, or something similar.
A term to describe an outcome that is odds on favorite to happen and result in a win for those that have wagered on it.Jolly
This is slang used by bookmakers for the favorite.
The interest charged by illegal bookmakers on money that is owed to them by gamblers. Also sometimes refer to the extra amount you have to bet in a wager. When you bet 110 to win 100 some players call the extra 10 juice.Lay
This is a bet on an outcome not occurring in a sporting event. You could lay a bet that a team won’t win a game throughout the season, so you’re backing all the other teams that will compete against them. Confusingly, lay can also refer to the act of putting the bet on something, you lay the bet in favor of an outcome occurring.
A bet made by a bookmaker with another bookmaker to reduce the risk of the bets he or she has sold.Lengthened
When a team or person’s odds increase, they have lengthened. This means people have stopped wagering as much on them. This is sometimes also referred to as odds drifting.
The collection of odds that sports books are offering on games.Live Bet
A wager on a sport or event that has already commenced is known as a live bet. It can also be referred to as an in-play bet, or an in the run bet.
A certain winner is known as a lock.Long Shot
An outcome that is considered unlikely to happen, and as such, the payout will be much higher if it does. This is associated with the term long odds also.
In this wager, you select how much one team will beat another team by. You can either choose above or below a certain amount, ranges, or a specific amount.Mush
A person who is bad luck and shouldn’t be associated with while betting.
A $500 bet is known as a nickel bet.Off the Board
A sport or event that a sportsbook is not accepting bets on.
In this wager, you make a bet on whether the total score of two teams combined will be over or under a certain pre-determined amount.Parlay
A bet on multiple outcomes in different sports or games that occur in chronological order. Each bet leads into the next one, provided it’s a winning bet. If one bet loses, then the whole parlay is over and loses. This gives you the opportunity to link up many bets and keep rolling them into each other so as to get a larger payout if you pick everything correctly. This is also referred to as multi-bet, accumulator, or all up bet.
In this type of betting all wagers placed on a particular sport or event are placed in a large pool. The house or sportsbook will remove a percentage of the pool as their take and the rest remains to be shared by those who end up winning. The odds in this form of betting aren’t fixed and will fluctuate depending on how people are making wagers. This is also referred to as tote or totalisator betting in some parts of the world.Place
A bet on someone or something in sport finishing in the top 3, or sometimes the top 4 depending on the sportsbook.
This is a bet type which is focussed on an outcome in sport, other than who wins and who loses. It’s also known as an exotic bet as the types that are available are numerous and seem to get stranger and stranger. You can bet on first goal scorers, player statistics, who’s winning at half time, and much more.Punter
A slang term for a person that gambles. This is most commonly used in Australia and the United Kingdom. In the United States, the term bettor is used.
Another term that is used to describe a tie or draw, and also to describe a situation where no money changes hands.Return
The amount you win on a bet is the return.
Someone who bets on the same sport or event with different sportsbooks to try and turn a profit no matter what the result is.Shortened
The opposite of lengthened, when odds shorten it means the outcome is now popular amongst those wagering on the event or sport.
Sports betting is the act of making a wager on a particular outcome in a sport in order to make money.Sports Book
A company that operates sports betting as they’re licensed by the state or country to do so. These can be both bricks and mortars establishments as a stand-alone premise, or in a casino, and they can also be online. Many sportsbooks are now a mix of both, they have online betting and store fronts or space in casinos to make bets too. There are also Online Casino Sportsbooks where you can play games and place bets on sports.
In a spread bet each team or outcome receives either an advantage or disadvantage to their score in order to even the game up and provide similar odds for both outcomes. In a game where two teams play each other, the favorite will have to win by more than a certain amount, and if they don’t a bet on the other team will be a winner, even though the team lost. This bet is also commonly called a line bet, although in that circumstance the line is fixed by the sports book. You can also change the spread to whatever you like at some books, and the odds will change with it.Single Bet
When you make a wager on a single outcome occurring in sport, it’s known as a single bet.
Betting methodologies that use complex mathematics and formulas to determine how to bet on a range of outcomes in order to be profitable in the long run. Although it’s possible to be successful doing this, it’s also very difficult.Straight Bet
A wager on a winner and that’s all.
A sportsbook profit margin that they make off players after all winning bets are paid out. This is determined by how they set the odds in the first place and how much action they can generate on each side of a bet.Teaser
A multi-bet where the spreads are altered to be in your favor in every game.
Advice or selections on who or what will win or do well in a sport or event.Total Bet
A wager on the total score of the two teams or all competitors combined. Generally, you’ll choose a total range which will give you a higher chance of winning at lower odds. If you choose an exact amount on the total bet the payout will be much higher.
A system of betting where a pool is generated and odds are determined by popularity. The house will take a percentage out of the pool and the rest is set aside to pay out winners as per how much has been wagered and what the resultant odds are for all possible outcomes. The term tote is short for totalizator.Trifecta
A wager made on the top three in an event. These must be picked in correct order for the bet to be a winner. You can also put on a box trifecta bet, in this bet, the order of the top three doesn’t matter.
A team, person, or thing that is unlikely to win and has long odds. This is also known as just a dog.Welch
When you don’t pay off a gambling debt, it’s a welch.
*Find more Sports Betting Terms and slang definitions at DonBest.com
Doc’s Sports is offering $60 worth of member’s picks absolutely free – no obligation, no sales people – you don’t even have to enter credit card information. You can use this $60 credit any way you please for any handicapper and any sport on Doc’s Sports Advisory Board list of expert sports handicappers. Click here for more details and take advantage of this free $60 picks credit today.
Action - A sports betting wager of any kind, a bet. Added Game - For sports betting, a game not part of Las Vegas regular rotation posted as an accommodation to customers.
Angles – Using key factors from previous events to predict the results for future outcomes. ATS - ’Against the spread,’ taking points rather than betting with the spread and laying points in sports betting. Beard - In sports betting a beard is a friend or acquaintance who is used to place bets as to conceal the true identity of the real bettor.Meaning Of Sport Betting Terms
Bet – To risk something on the outcome of an event Book - In sports gambling a Book is an establishment that accepts bets on the outcome of horse racing and sporting events. Bookie - In sports wagering a person who accepts bets.
Bookmaker – see ‘bookie’
Buck - Sports betting term for a $100 wager. Buy (Points) - In sports betting, a player pays an additional price to receive half a point or more in his favor on a point spread game. Canadian Line - In sports betting the Canadian line is a combination point spread and money line in hockey. Chalk - The favorite. Chalk Player - In sports gambling this person is someone who usually only plays the favored teams, rarely betting on the underdogs. Circled game - In sports wagering this is a game in which the betting action is reduced; usually occurs in added games, games with injuries, bad weather, propositions, or halves of games. These games cannot be included in parlays or teasers Cover - In sports betting this term means a pointspread win.
Data Mining- Searching through a large volume of statistics to find profitable situations to bet on in the future. Dime - $1000.00 sports betting wager. Dime Line - In sports betting a Dime line is a line where the juice is 10%. Dog - In sports betting, the team perceived to be most likely to lose. Dog Player - In sports gambling this term refers to one who mostly plays the underdog. Dollar - $100, in sports wagering. Double action - An ’if bet’ in sports betting that is processed if the precedent bet wins, ties or cancels. Double Bet - In sports betting a double bet is a wager for twice the size of one’s usual wager; also known as ’double pop’ or ’doubling up.’ Edge - A persons Advantage when it comes to sports betting. Even Money - Sports betting term ’Even money’ is a bet whose odds are 1/1; a wager in which no vigorish or juice is laid. Exotic - In sports gambling the term Exotic is any wager other than a straight bet or parlay - also called a prop or proposition. Exposure - The maximum amount of money a sports book stands to lose on a game. Favorite - In sports betting this it the team expected to win an event. The quoted odds reflect the extent to which the choice is favored. Fifty cents - $50.00 of sports betting action.Figure - For sports betting, Figure is the amount owed to or by a bookmaker. First half bet - In sports betting this is a bet placed only on the first half of the game. Future - In sports gambling odds are posted in advance on the winners of various major events including the Super Bowl, the World Series, the Stanley Cup, and the NBA Championship this is called a Future bet.
Gamble- To risk money on the outcome of an event. Getting Down - Sports wagering meaning making a bet. Grand Salami - A sports betting term meaning the grand total of goals scored in all the hockey games of the day. It can be wagered to go Over/Under. Half a dollar - $50.00 in sports betting action. Half time bet - In sports betting this is a bet placed only on the second half of the game. Handicapper - When it comes to sports betting a handicapper is one who studies, rates and wagers on sporting events and/or races. Handicapping - In sports gambling this is the attempt to predict the outcome of sporting events. Handle - A sports wagering term that means the total amount of bets taken. Hedging - A sports betting term that means placing wagers on the opposite side in order to cut losses or guarantee a minimum amount of winnings. Hook - In sports betting a Hook is a half point added to football and basketball betting lines. Hot game - Sports betting term for a game that is drawing a lot of action on one side by knowledgeable handicappers. Juice - The bookmaker’s commission on a losing bet, also known as ’vigorish.’ Laying the points - Betting the favorite by giving up points. Laying the price - In sports wagering, laying the price means betting the favorite by laying money odds. Layoff - sports betting term for money bet by a house with another bookmaker to reduce its liability. Limit - In sports betting limit is the maximum amount a bookmaker will allow you to bet before he changes the odds and/or the points. Line - In sports betting, the current odds or point spread on a particular event. Linemaker - In the sports betting industry this is the person who establishes the original and subsequent betting lines. Listed Pitchers - In sports gambling a listed pitcher is a baseball bet which will be placed only if both of the pitchers scheduled to start a game actually start. If they don’t, the bet is cancelled. Longshot - In sports wagering this is a team or horse perceived to be unlikely to win. Middle - To win both sides of the same contest in sports betting event. Wagering on the underdog at one point spread and the favorite at a different point spread and winning both sides. Money line - odds expressed in terms of money. With money odds, whenever there is a minus (-) you lay that amount to win a hundred dollars, where there is a plus (+) you get that amount for every hundred dollars wagered. Move the line - A player pays an additional price to receive half a point or more in his favor on a point spread game. Nickel - $500.00, in on a sports gambling wager. Nickel line - A sports wagering line where the juice is 5%. No action - A wager in sports betting in which no money is lost nor won.
Odds- The likelihood of the outcome occurring, stated in numbers form. Off the board - In sports betting this is a game on which the bookmaker will not accept action. One dollar - $100.00 in sports betting action.
Opening Line- The earliest line posted for a particular sporting event. Outlaw Line - Term for the earliest line in sports betting. This is an overnight line that only a handful of players are allowed to bet into. Over - In sports gambling the ’over’ is a sports bet in which the bettor guesses that the combined point total of two teams will be above a specified total. Parlay - In sports wagering, a bet with two or more teams in which all teams must
https://diarynote.indered.space
Slang used in the United Kingdom to describe the betting tax. This is sometimes also referred to as beeswax.Arbitrage
*Jan 15, 2021 The first thing you should do is to get familiar with sports betting terms. Fortunately, you came to the right place to learn a few sports betting terms every beginner needs to know. We will highlight the most relevant ones, and make your journey easier in that way.
*Sports Betting Terms & Glossary Action – A wager of any kind. Added Game – A game that is not part of the regular Las Vegas rotation. Oftentimes this will be a rescheduled game or the second game of a doubleheader.
*Betting limits are the largest wagers sportsbooks will take from its clientele. The limits will differ based on the sports book, sport, event start time and other factors. Often sports books will set lower betting limits when the line is initially released.
The following is a Glossary of Gambling Terms for: NFL betting, College Football betting, NCAA Football betting, Baseball Betting, MMA Betting, UFC betting, Boxing wagering, NHL betting, NBA betting, NCAA Basketball betting, College Basketball Betting and other major sports.
A mistake by sportsbooks which allows you to wager on every single outcome in a sport or event and make a profit.
A type of spread bet where a half point is added to the line because the chance of a draw is high in that particular sport.Back
When you support a particular team by placing a wager on them, you back them to win. This can also be called backing.
Losing on a bet that was all but a certainty is considered a bad beat.Banker
A slang term used when a bet is expected by everyone to be a winner.
The amount of cash that a person has set aside for sports betting is known as their bankroll.Beard
A person who places bets for another person who doesn’t want to be associated with sports betting.
A cash wager on the outcome of a particular event.Bettor
A person who places a bet on sports. Also referred to as a punter in some parts of the world.
A marketplace where people and bookmakers can retrieve odds on various sports and events in order to lay bets or make a wager.Bookmaker
A company or person that is licensed by the country or state they operate in to accept wagers on sports. Sometimes also called a bookie. This is a term used in the United Kingdom and Australia. In the United States, it’s called a sportsbook.
A $100 bet.Chalk
The favorite is known as chalk. A chalk player is a bettor who always just bets on the favorite.
A selection of the first and second teams or people to finish that way in any order. This is also called a quinella.Circle Game
Sometimes wagering limits are lowered due to extenuating circumstances. The game is then known as a circle game when this happens.
The final line that a sportsbook has before betting is closed due to the game starting.Sport Betting FreeCredit
An amount of cash that is giving to you by a bookmaker to make bets. If you win you’ll just receive the winnings if you lose you’ll have to pay back the original bet.
If a result ends up as a draw and that result was not available to be wagered on initially, then there will be a rule in place to pay out winnings at a certain rate. This can vary between sportsbooks.Dividend
The total payout for a winning bet is known as a dividend. This dividend includes the amount won and the initial bet.
A $1000 bet.Dog
The underdog in a sporting game or event, that is the team or person that is not likely to win.
In this type of bet, you receive your money back if the game ends in a draw. It’s a popular bet in soccer because so many games end in a draw in that sportDutching
Covering a number of competitors in an event while ensuring you’ll be in profit if any of them win.
Another type of a spread bet, however, only total points are used. So the bet can result in a push if the handicap pushes the loser up or down to equal points of the winner.Even Money
A bet which pays out at 1 to 1 is known as even money.
A bet on the first two places in a sport or event in the correct order.Field
A complete list of all competitors in a particular sporting event. Usually, this will be associated with golf, horse racing, snow sports, and athletics.
In this bet type, the odds are fixed and won’t change after the bet has taken place. You’ll know exactly what your payout is based on the amount you wagered and the fixed odds at that particular time.Flash
A change of the odds listed on a tote board.
The number of outcomes contained within a parlay bet.Form
A record of a participant’s recent results in sporting events.
A wager placed on a long term result such as who will win the super bowl before the season starts. This is also known as an ante-post bet.Grand
Slang for $1000.
A wager made at half time in a sport. The odds will be updated to reflect the game situation and how teams or people are performing.Half Ball
A bet in soccer where you win if your team wins or the game is a draw.
A disadvantage or advantage for a team, this is used in spread and line bets.Hedging Your Bets
Making separate bets which are in favor of the outcome against your main bet to provide you with some insurance if your main bet fails. In general, hedging your bets is not a good idea unless you have a lot of money on the line in a futures bet, or something similar.
A term to describe an outcome that is odds on favorite to happen and result in a win for those that have wagered on it.Jolly
This is slang used by bookmakers for the favorite.
The interest charged by illegal bookmakers on money that is owed to them by gamblers. Also sometimes refer to the extra amount you have to bet in a wager. When you bet 110 to win 100 some players call the extra 10 juice.Lay
This is a bet on an outcome not occurring in a sporting event. You could lay a bet that a team won’t win a game throughout the season, so you’re backing all the other teams that will compete against them. Confusingly, lay can also refer to the act of putting the bet on something, you lay the bet in favor of an outcome occurring.
A bet made by a bookmaker with another bookmaker to reduce the risk of the bets he or she has sold.Lengthened
When a team or person’s odds increase, they have lengthened. This means people have stopped wagering as much on them. This is sometimes also referred to as odds drifting.
The collection of odds that sports books are offering on games.Live Bet
A wager on a sport or event that has already commenced is known as a live bet. It can also be referred to as an in-play bet, or an in the run bet.
A certain winner is known as a lock.Long Shot
An outcome that is considered unlikely to happen, and as such, the payout will be much higher if it does. This is associated with the term long odds also.
In this wager, you select how much one team will beat another team by. You can either choose above or below a certain amount, ranges, or a specific amount.Mush
A person who is bad luck and shouldn’t be associated with while betting.
A $500 bet is known as a nickel bet.Off the Board
A sport or event that a sportsbook is not accepting bets on.
In this wager, you make a bet on whether the total score of two teams combined will be over or under a certain pre-determined amount.Parlay
A bet on multiple outcomes in different sports or games that occur in chronological order. Each bet leads into the next one, provided it’s a winning bet. If one bet loses, then the whole parlay is over and loses. This gives you the opportunity to link up many bets and keep rolling them into each other so as to get a larger payout if you pick everything correctly. This is also referred to as multi-bet, accumulator, or all up bet.
In this type of betting all wagers placed on a particular sport or event are placed in a large pool. The house or sportsbook will remove a percentage of the pool as their take and the rest remains to be shared by those who end up winning. The odds in this form of betting aren’t fixed and will fluctuate depending on how people are making wagers. This is also referred to as tote or totalisator betting in some parts of the world.Place
A bet on someone or something in sport finishing in the top 3, or sometimes the top 4 depending on the sportsbook.
This is a bet type which is focussed on an outcome in sport, other than who wins and who loses. It’s also known as an exotic bet as the types that are available are numerous and seem to get stranger and stranger. You can bet on first goal scorers, player statistics, who’s winning at half time, and much more.Punter
A slang term for a person that gambles. This is most commonly used in Australia and the United Kingdom. In the United States, the term bettor is used.
Another term that is used to describe a tie or draw, and also to describe a situation where no money changes hands.Return
The amount you win on a bet is the return.
Someone who bets on the same sport or event with different sportsbooks to try and turn a profit no matter what the result is.Shortened
The opposite of lengthened, when odds shorten it means the outcome is now popular amongst those wagering on the event or sport.
Sports betting is the act of making a wager on a particular outcome in a sport in order to make money.Sports Book
A company that operates sports betting as they’re licensed by the state or country to do so. These can be both bricks and mortars establishments as a stand-alone premise, or in a casino, and they can also be online. Many sportsbooks are now a mix of both, they have online betting and store fronts or space in casinos to make bets too. There are also Online Casino Sportsbooks where you can play games and place bets on sports.
In a spread bet each team or outcome receives either an advantage or disadvantage to their score in order to even the game up and provide similar odds for both outcomes. In a game where two teams play each other, the favorite will have to win by more than a certain amount, and if they don’t a bet on the other team will be a winner, even though the team lost. This bet is also commonly called a line bet, although in that circumstance the line is fixed by the sports book. You can also change the spread to whatever you like at some books, and the odds will change with it.Single Bet
When you make a wager on a single outcome occurring in sport, it’s known as a single bet.
Betting methodologies that use complex mathematics and formulas to determine how to bet on a range of outcomes in order to be profitable in the long run. Although it’s possible to be successful doing this, it’s also very difficult.Straight Bet
A wager on a winner and that’s all.
A sportsbook profit margin that they make off players after all winning bets are paid out. This is determined by how they set the odds in the first place and how much action they can generate on each side of a bet.Teaser
A multi-bet where the spreads are altered to be in your favor in every game.
Advice or selections on who or what will win or do well in a sport or event.Total Bet
A wager on the total score of the two teams or all competitors combined. Generally, you’ll choose a total range which will give you a higher chance of winning at lower odds. If you choose an exact amount on the total bet the payout will be much higher.
A system of betting where a pool is generated and odds are determined by popularity. The house will take a percentage out of the pool and the rest is set aside to pay out winners as per how much has been wagered and what the resultant odds are for all possible outcomes. The term tote is short for totalizator.Trifecta
A wager made on the top three in an event. These must be picked in correct order for the bet to be a winner. You can also put on a box trifecta bet, in this bet, the order of the top three doesn’t matter.
A team, person, or thing that is unlikely to win and has long odds. This is also known as just a dog.Welch
When you don’t pay off a gambling debt, it’s a welch.
*Find more Sports Betting Terms and slang definitions at DonBest.com
Doc’s Sports is offering $60 worth of member’s picks absolutely free – no obligation, no sales people – you don’t even have to enter credit card information. You can use this $60 credit any way you please for any handicapper and any sport on Doc’s Sports Advisory Board list of expert sports handicappers. Click here for more details and take advantage of this free $60 picks credit today.
Action - A sports betting wager of any kind, a bet. Added Game - For sports betting, a game not part of Las Vegas regular rotation posted as an accommodation to customers.
Angles – Using key factors from previous events to predict the results for future outcomes. ATS - ’Against the spread,’ taking points rather than betting with the spread and laying points in sports betting. Beard - In sports betting a beard is a friend or acquaintance who is used to place bets as to conceal the true identity of the real bettor.Meaning Of Sport Betting Terms
Bet – To risk something on the outcome of an event Book - In sports gambling a Book is an establishment that accepts bets on the outcome of horse racing and sporting events. Bookie - In sports wagering a person who accepts bets.
Bookmaker – see ‘bookie’
Buck - Sports betting term for a $100 wager. Buy (Points) - In sports betting, a player pays an additional price to receive half a point or more in his favor on a point spread game. Canadian Line - In sports betting the Canadian line is a combination point spread and money line in hockey. Chalk - The favorite. Chalk Player - In sports gambling this person is someone who usually only plays the favored teams, rarely betting on the underdogs. Circled game - In sports wagering this is a game in which the betting action is reduced; usually occurs in added games, games with injuries, bad weather, propositions, or halves of games. These games cannot be included in parlays or teasers Cover - In sports betting this term means a pointspread win.
Data Mining- Searching through a large volume of statistics to find profitable situations to bet on in the future. Dime - $1000.00 sports betting wager. Dime Line - In sports betting a Dime line is a line where the juice is 10%. Dog - In sports betting, the team perceived to be most likely to lose. Dog Player - In sports gambling this term refers to one who mostly plays the underdog. Dollar - $100, in sports wagering. Double action - An ’if bet’ in sports betting that is processed if the precedent bet wins, ties or cancels. Double Bet - In sports betting a double bet is a wager for twice the size of one’s usual wager; also known as ’double pop’ or ’doubling up.’ Edge - A persons Advantage when it comes to sports betting. Even Money - Sports betting term ’Even money’ is a bet whose odds are 1/1; a wager in which no vigorish or juice is laid. Exotic - In sports gambling the term Exotic is any wager other than a straight bet or parlay - also called a prop or proposition. Exposure - The maximum amount of money a sports book stands to lose on a game. Favorite - In sports betting this it the team expected to win an event. The quoted odds reflect the extent to which the choice is favored. Fifty cents - $50.00 of sports betting action.Figure - For sports betting, Figure is the amount owed to or by a bookmaker. First half bet - In sports betting this is a bet placed only on the first half of the game. Future - In sports gambling odds are posted in advance on the winners of various major events including the Super Bowl, the World Series, the Stanley Cup, and the NBA Championship this is called a Future bet.
Gamble- To risk money on the outcome of an event. Getting Down - Sports wagering meaning making a bet. Grand Salami - A sports betting term meaning the grand total of goals scored in all the hockey games of the day. It can be wagered to go Over/Under. Half a dollar - $50.00 in sports betting action. Half time bet - In sports betting this is a bet placed only on the second half of the game. Handicapper - When it comes to sports betting a handicapper is one who studies, rates and wagers on sporting events and/or races. Handicapping - In sports gambling this is the attempt to predict the outcome of sporting events. Handle - A sports wagering term that means the total amount of bets taken. Hedging - A sports betting term that means placing wagers on the opposite side in order to cut losses or guarantee a minimum amount of winnings. Hook - In sports betting a Hook is a half point added to football and basketball betting lines. Hot game - Sports betting term for a game that is drawing a lot of action on one side by knowledgeable handicappers. Juice - The bookmaker’s commission on a losing bet, also known as ’vigorish.’ Laying the points - Betting the favorite by giving up points. Laying the price - In sports wagering, laying the price means betting the favorite by laying money odds. Layoff - sports betting term for money bet by a house with another bookmaker to reduce its liability. Limit - In sports betting limit is the maximum amount a bookmaker will allow you to bet before he changes the odds and/or the points. Line - In sports betting, the current odds or point spread on a particular event. Linemaker - In the sports betting industry this is the person who establishes the original and subsequent betting lines. Listed Pitchers - In sports gambling a listed pitcher is a baseball bet which will be placed only if both of the pitchers scheduled to start a game actually start. If they don’t, the bet is cancelled. Longshot - In sports wagering this is a team or horse perceived to be unlikely to win. Middle - To win both sides of the same contest in sports betting event. Wagering on the underdog at one point spread and the favorite at a different point spread and winning both sides. Money line - odds expressed in terms of money. With money odds, whenever there is a minus (-) you lay that amount to win a hundred dollars, where there is a plus (+) you get that amount for every hundred dollars wagered. Move the line - A player pays an additional price to receive half a point or more in his favor on a point spread game. Nickel - $500.00, in on a sports gambling wager. Nickel line - A sports wagering line where the juice is 5%. No action - A wager in sports betting in which no money is lost nor won.
Odds- The likelihood of the outcome occurring, stated in numbers form. Off the board - In sports betting this is a game on which the bookmaker will not accept action. One dollar - $100.00 in sports betting action.
Opening Line- The earliest line posted for a particular sporting event. Outlaw Line - Term for the earliest line in sports betting. This is an overnight line that only a handful of players are allowed to bet into. Over - In sports gambling the ’over’ is a sports bet in which the bettor guesses that the combined point total of two teams will be above a specified total. Parlay - In sports wagering, a bet with two or more teams in which all teams must
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