|
Betting
Terms |
|
ACTION
|
A
bet or wager
|
|
Bankroll
|
Gambling
money.
|
|
BAD
BEAT
|
Tough
loss
|
|
BEEF
|
Dispute
|
|
Bettor |
A bettor is
an individual who makes bets. |
|
BOOK |
A
sports book or betting establishment that sets odds
and
accepts wagers. |
|
BUCK
|
$100
|
|
Buy
|
A bet
placed when you believe the make up will be higher than
the spread. 'Buy' spread bets are placed at the higher
of the two values listed in a spread |
|
CHALK
|
Favorite
|
|
CHALK
EATER
|
Favorite
bettor
|
|
CIRCLE
GAME
|
Game
where action is limited due to uncertainties about
weather, injuries, etc.
|
|
COVER
|
Win
by more than the point spread
|
|
DEGENERATE
|
Compulsive
gambler
|
|
DIME
|
$1,000
|
|
DOLLAR
|
$100
|
|
EARN
|
Practical
hold percentage
|
|
EDGE
|
Advantage
|
|
Even money |
Even money
means you risk a dollar to win a dollar. |
|
EXOTIC
BET
|
Action
other than a straight bet or parlay.
|
|
EXPOSURE
|
The
amount of money the house actually stands to lose on a
game or a race.
|
|
Favorite |
The
favorite is the team that is more likely to win. |
|
FIGURE
|
Amount
owed by or to a bookmaker.
|
|
FIRING
|
Betting
a lot.
|
|
FLEA
|
An
annoying human parasite who wants something for nothing;
a $2 bettor who expects to be comped for his action.
|
|
HANDICAPPER
|
One
who studies sports and predicts outcomes.
|
|
HANDLE
|
Total
amount of bets taken.
|
|
HEDGE
|
Bet
the opposite of your original wager in order to reduce
the amount of action you have on a game.
|
|
HOLD
|
The
percentage the house wins.
|
|
HOOK
|
Half
point in point spreads, as in "lost by the
hook."
|
|
HOME
FIELD ADVANTAGE
|
Edge
the home team is expected to have,
on the visiting team.
|
|
HOOPS
|
Basketball
|
|
JUICE
|
Bookmaker's
commission, most often refers to the 11 to 10 football
bettors lay on straight wagers; vigorish.
|
|
LAY
A PRICE
|
Bet
a favorite, lay the points.
|
|
LAYOFF
BET
|
A
wager made by one bookmaker with another to help balance
his action and reduces his risk on one side or one
horse.
|
|
LIMIT
|
Maximum
bet accepted by the house before the price will
be
changed.
|
|
LINE
|
The
betting proposition on a game and/or payoff odds
on the
bet.
|
|
LOCK
|
A
term meaning can't lose. (LET'S GET REAL!)
|
|
LONG
SHOT
|
Large
underdog
|
|
MIDDLE
|
To
win both sides of a game.
|
|
NEUTRAL
SITE
|
Field
where neither side has a home field advantage.
|
|
NICKEL
|
$500
|
|
NO
ACTION |
A
bet in which no money is lost nor won. |
|
OFF
THE BOARD
|
Game
where no bets are being accepted.
|
|
Open Bet
|
A bet that
has not yet been closed. |
|
OUT
|
Bookmaker
usually refers to an illegal bookmaker.
|
|
OVER/UNDER |
A
wager for the total score of both teams. |
|
PARLAY
|
A
bet with two or more teams where all the teams must win
for the bettor to be successful.
|
|
PICK
or PICK'EM
|
A
game where neither team is favored.
|
|
PLAYER
|
Bettor,
gambler.
|
|
POINT
SPREAD |
The
amount of points which the favorite gives
to the
underdog. |
|
PRESS
|
To
bet a larger amount than usual.
|
|
PRICE
|
Line
|
|
PUPPY
|
Underdog
|
|
PUSH
|
Tie
|
|
ROUND
ROBIN
|
A
series of parlays.
|
|
RUNDOWN
|
Line
update
|
|
SCORE
|
To
win a lot of money.
|
|
SCRATCH
|
Withdraw;
cancel
|
|
SHARP
|
Wise
guy
|
|
SIDE
|
To
win one side and tie the other.
|
|
SQUARE
|
Unsophisticated
gambler.
|
|
STRAIGHT
BET
|
A
bet on just one team.
|
|
SUCKER
BET
|
Bet
with a large house edge.
|
|
TAKE
A PRICE
|
Bet
the underdog, take the points.
|
|
TAPPED
OUT
|
Broke,
busted, common result of pressing.
|
|
TOKE
|
A
tip or gratuity.
|
|
TOSS
UP
|
Game
where the line is close to pick-em.
|
|
TOUT
SERVICE
|
A
business that sells opinions on sporting events.
|
|
VALUE
|
An
overlay
|
|
VIGORISH
|
Vig,
juice
|
|
WISE
GUY
|
Established
and successful sports bettor.
|
|
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