|Gambling Terms & Sports Betting Definitions|
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
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.
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
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
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
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
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
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
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
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
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
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
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 win or cover for the bettor to win and receive higher
Pick 'em - When neither team is favored. Also called a "pick" in
sports betting terms.
Point spread - In sports betting this is the predicted scoring
differential between two opponents as quoted by a sports book.
Power Ratings- The strength of a team in comparison to
Press - In sports betting this means to wager a larger amount
Price - Sports betting term for the odds or point spread.
Prop (Proposition) Bet - In sports gambling this is a special
wager offered by the sports book on unique and various topics. These wagers
can be on sporting events, politics, and even trial outcomes. The wagers
use the money line format of pay off odds and might included who scores the
first touchdown in the super bowl, who will win the next presidential election,
or whether or not O. J. will be found guilty.
Puckline - A puckline for sports wagering is giving odds
of a goal spread instead of using a Canadian Line in hockey, where both a
goal spread and money line are played.
Puppy - The underdog in an event.
Push - When the contest ends with no winner or loser for
Round Robin - In sports betting this a series of three or
more teams in 2-team parlays.
Run down - In sports gambling this is all the lines for
an specific date, sport, time, etc.
Run line - In baseball a spread used instead of the money
Runner - One who places bets for another when it comes to
Scouts - Person(s) who waits for what he thinks is an unusually
strong wager. AKA. Sports Player.
Sharp - When it comes to sports betting a sharp is a sophisticated
or professional gambler.
Sides - In sports betting, the names of the two teams playing:
the underdog and the favorite.
Single action - An "if bet" in sports gambling
that is processed only if the precedent bet wins.
Sportsbook- A person or company that accepts bets.
Spread - A spread in sports wagering is the
predicted scoring differential between two opponents as quoted
by a sports book. See "point spread."
Square - A novice when it comes to sports betting.
Steam - In sports betting steam is when a line starts to
move rapidly. Most "steam games" do not necessarily reflect objective
circumstances, but are games that a mass of bettors is drawn to for some
Store - A bookie or sports betting establishment.
Straight bet - In sports betting this is a wager on just
one team or horse.
Straight-up- Winning the game without any regards to
Systems- Using trends for the past that you are consistent
with to predict future outcomes.
Taking the points - When it comes to sports gambling
this means betting the underdog and its advantage in the point spread.
Taking the price - In sports wagering this means betting
the underdog and accepting money odds.
Teaser - A teaser is a special type of parlay in sports
betting in which you adjust the point spread or total of each individual
play. The price of moving the point spread (teasing) is lower pay off odds
Ticket - A sports betting wager.
Tie - In sports betting a tie is a wager in which no money
is lost nor won because the teams' scores were equal to the number of points
in the given line.
Total - The combined amount of runs, points or goals scored
by both teams during the game, including the overtime.
Totals Bet - In sports gambling this is a proposition bet
in which the bettor speculates that the total score by both teams in a game
will be more or less than the line posted by the sports book.
Tout - Someone who sells their expertise on sports wagering.
Trends- Using the past to predict the future focusing
in on only one team.
Under - When it comes to sports betting a under is a wager
in which the bettor guesses that the total points scored by two teams will
be under a certain figure.
Underdog - The team perceived to be most likely to lose.
Also known as the "dog" in sports betting terminology.
Value - In sports betting value means getting the best odds
on a wagering proposition; the highest possible edge.
Vigorish - The bookmaker's commission on a losing bet; also
known as juice in sports betting.
Wager- To risk money on the outcome of an event.
Wise guy - A wise guy is the sports gambling
term for a well-informed or knowledgeable handicapper or bettor.
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