Below is a list of sports betting terms for the novice gambler. The terms below are listed to give our members a little background on the gambling lingo. These terms are often used by sportsbooks and bookmakers. Most terms can be used by any sports gambler but free football betting recommends that the terms below be used only if you are familiar with the terms completely.
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Sports Betting Terms
Action – A sports betting wager of any kind, a bet for any kind of sport.
Added Game – For sports betting, a game not part of Las Vegas regular rotation posted as an accommodation to customers. This is usually for local or offshore sports.
ATS – “Against the spread,” taking points rather than betting with the spread and laying points in sports betting. This is usually for teams that are underdogs and you are taking them with the point. Not taking the favorite.
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.
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.
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.
Chalk – The favorite.
Chalk Player – In sports gambling this person is someone who usually only plays the favored teams, rarely betting on the underdogs.
Cover – In sports betting this term means a point spread win. They won by the spread.
Dime – Means $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 that is most likely to lose.
Dog Player – In sports gambling this term refers to one who mostly plays the underdog.
Dollar – Means $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. Meaning I have the Edge over a bookie.
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 – Means $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
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. Total point.
Half a dollar – Means $50.00 in sports betting action.
Half time bet – In sports betting this is a bet placed on the second half of the game. This is done just to bet on one 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. “Sports Handicapping”
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. This is usually because people betting heavy on one side.
Hot game – Sports betting term for a game which is drawing a lot of action on one side by knowledgeable handicappers. This is usually a way points change as well.
Juice – The bookmaker’s commission on a losing bet, also known as “vigorish.” VIG
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. usually with small bookies
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. Usually given to new gamblers.
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.
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 – Means $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.
Off the board – In sports betting this is a game on which the bookmaker will not accept action. This is likely a very strong team playing a very weak team.
One dollar – Means $100.00 in sports betting action.
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 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 payouts
Pick ’em – When neither team is favored. Also called a “pick” in sports betting terms. No favorite.
Point spread – In sports betting this is the predicted scoring differential between two opponents as quoted by a sports book.
Press – In sports betting this means to wager a larger amount than usual.
Price – Sports betting term for the odds or point spread.
Push – When the contest ends with no winner or loser for wagering purposes.
Round Robin – In sports betting this a series of three or more teams in 2-team parlays.
Run line – In baseball a spread used instead of the money line.
Runner – One who places bets for another when it comes to sports betting
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.
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.
Store – A bookie or sports betting establishment.
Straight bet – In sports betting this is a wager on just one team or horse.
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 winning wagers.
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 thinks that the total score by both teams in a game will be more or less than the line posted by the sports book.
Under -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 points figure.
Underdog – The team the book makers think is most likely to lose. Also known as the “dog” in sports betting.
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; AKA juice in sports betting
Wise guy – A wise guy is the term for a well-informed or knowledgeable handicapper or bettor
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