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Sports Betting Terms & Sportsbook Wagering Terms
All sports betting and sportsbook wagering
terms are are accurate and provided by our partners and
affiliates. Each term is accompanied by simple explanation or definition for
your convenience. If you are looking for more detail on any of
the following sports betting terms
or you come across any other sports betting terms or sportsbook
gambling related words which are not located here on this page,
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10 Cent Line - The money line
difference (10 cents) between what a bettor would lay with the
favorite or take back with the underdog; see Dime Line
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20 Cent Line - The money line difference (20 cents)
between what a bettor would lay with the favorite or take back
with the underdog
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Across The Board - A method of wagering on a horse
to win, place and show
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Action - A wager of any kind
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Bad Beat - Tough Loss
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Beard - Messenger bettor
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Buck - $100
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Chalk - Favorite
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Circled Game - Game where action is limited due to
uncertainties about weather, injuries, etc.
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Cover - Win by more than the point spread
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Dead Heat - When two horses finish in a tie
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Dime - $1000
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Dime Line - Slang used to designate the 10 cent
money line. The money line difference (10 cents) between what
a bettor would lay with the favorite or take back with the
underdog; see 10 Cent Line.
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Dog - Underdog
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Dollar - $100
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Double Header - Two separate baseball games played
on the same day for the same two teams
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Edge - Advantage
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Even Money - A wager on which neither side lays any
odds or vigorish
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Exotic Bet - Action other than a straight bet or
parlay
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Exposure - The amount of money one actually stands
to lose on a game or race
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Favorite - The contestant in any given contest that
is considered the most talented, or has the best chance to win
the contest
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Final Four - Final four teams in the NCAA
basketball tournament
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Firing - Betting a lot. A player who is "firing" is
wagering large sums
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"Foots" - Slang word used sometimes for football
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Futures - Wagers made, or lines/odds posted on an
event or outcome taking place some time in the future, e.g.
betting during the season on the Superbowl winner.
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Get Down - Make a bet
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Grand Slam - The four major tennis tournaments:
Wimbledon, Australian Open, French Open, U.S. Open. Also the
four major golf tournaments: The Masters, U.S. Open, British
Open, PGA Championship (Professional Golf Association). Also
in baseball, a homerun with the bases loaded, scoring four
runs.
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Grand Salami - A slang word for the over/under
total for the combined score of all the hockey contests on the
schedule for that day
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Halftime Line - A line on only the first half, or
only the second half scoring of a football or basketball game
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Handicapper - One who studies sports and predicts
outcomes
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Hedge - Bet the opposite of your original wager in
order to reduce the amount of exposure you have on a game
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Hook - Half point in point spreads
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Hoops - Slang word used to indicate the game of
basketball
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Home Field Advantage - Edge the home team is
expected to have as a result of familiarity with the playing
area, favorable demographics and effect of travel on the
visiting team
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Hot Tip - Information the bookmaker is not yet
privy to
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IBF - International Boxing Federation
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Juice - Bookmaker's commission, most often refers
to the 11 to 10 football bettors lay on straight wagers. Also
known as vigorish.
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Lay The Points - A wager on a favorite in a points
pread contest Lay The Price - A wager on a favorite in a money
line contest
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Limit - Maximum bet accepted by the house before
the price will be changed
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Line - The money line (ML), odds, or point spread of
any given contest
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Listed Pitcher (LP) - The pitcher or pitchers
listed by Las Vegas odds makers as probable starting pitchers
for a scheduled baseball game
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Lock - Easy Winner
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Long shot - Large underdog
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Middle - To win both sides of a game. For example,
if you bet the underdog +3 1/2 and the favorite -2 1/2 and the
favorite wins by 3, you've middled the book. The book has been
middled.
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MLB - Major League Baseball
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Moneyline - The amount you must bet to win 100 or
the amount you win if you bet 100
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MVP - Most Valuable Player. Leagues give MVP Awards
to the best regular-season and to the outstanding player in
championship games or series
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NBA - National Basketball Association
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NCAA - National Collegiate Athletic Association
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Neutral Site - Arena, court or field where neither
side has a home field advantage
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NFL - National Football League
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NHL - National Hockey League
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Nickel - $500
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NIT - National Invitational Tournament
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Off The Board - Game where no bets are being
accepted
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Over/Under - A bet on whether the combined total of
the points/goals scored by the two teams will exceed or be
less than a specified number
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Overlay - When the odds on a proposition are in
favor of the bettor rather than the house
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Overtime - The continuance of a contest that is
tied at the end of regulation time until a winner is
determined or the maximum number of overtime periods have
expired
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Parlay - A bet with two or more teams where all the
teams must win for the bettor to be successful
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Past Post - To make a bet after an event has
started
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Penny Line - A money line that is adjusted in
increments of a penny, or one cent at a time
Pick or Pick'em - A game where neither team is favored
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Player - Bettor, gambler
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Pointspread - The handicap, or head start, which
the favorite gives to the underdog for betting purposes
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Press - To bet a larger amount than usual
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Price - The moneyline (ML) odds on the favorite of
a given match
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"Pucks" - A slang word used to indicate the game of
hockey
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Puppy - Underdog
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Push - A tie between the bettor and the bookmaker
that is the result of the score of an event falling exactly on
the pointspread number, or the total points number
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Rain Out - A contest that has been canceled because
of bad weather
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Round Robin - A series of parlays. A three-team
round robin consists of one three-team parlay and three
two-team parlays
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Rundown - Line update
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Runner - Messenger bettor; see beard
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Ryder Cup - A golf tournament between American and
European golfers that is staged every two years
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Scalper - One who attempts to profit from the
differences in odds from book to book by betting both sides of
the same game at different prices
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Score - To win a lot of money
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Scratch - Withdraw; cancel
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Sharp - Wise guy
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Side - To win one side and tie the other. For
example, if you lay -2 1/2 and take 3 on the same game and the
favorite wins by 3 you have sided the book. The book has been
sided.
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Side Bet/Side Wager - A wager on a particular team,
or side, to win a contest
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Soft Line - A wagering line that is not current
with the true posted line. A line that has been adjusted or
moved as a result of action and does not reflect the true line
as posted.
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Spread - An abbreviated form of pointspread
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Stanley Cup - NHL Championship
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Steam - When a betting line starts to move quite
rapidly. Most "steam games" do not necessarily reflect the
"right side", but are games that the mass of bettors somehow
decide to key on
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Straight Bet - A single wager on a selected side or
over/under
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Sudden Death - An overtime period in which the
first contestant to score is declared the winner of the
contest
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Superbowl - NFL Championship game
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Take A Price - A wager on the underdog in a
moneyline (ML) contest
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Take The Points - A wager on the underdog in a
pointspread (ML) contest
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Teaser - A bet on 2 or more teams where the line on
each team is adjusted in the favor of the bettor. Like a
Parlay, all selections must be correct for the teaser to win
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The Big Dance - The 64 team, post season college
basketball championship tournament
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Toss Up - Game where the line is close to pick-em
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Total - The line on a given contest, representing
the combined number of points/goals scored by the two teams;
see over/under
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Tout Service - A business that sells opinions on
sporting events
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Underdog - The contestant in any given contest that
is considered the least talented, or has the least chance to
win the contest
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Underlay - When the odds on a proposition are in
favor of the house
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Value - An overlay
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Vigorish - Bookmaker's commission, most often
refers to the 11 to 10 football bettors lay on straight
wagers. Also known as juice.
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WBA - World Boxing Association
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WBC - World Boxing Council
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Wise Guy - Established and successful sports bettor
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WNBA - Women's National Basketball Association
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World Series - MLB championship; The final seven
games of the baseball playoffs between the two league
champions to determine the world champion
Sports betting is about skill even more so than traditional
gambling. The challenge face by sports betting enthusiasts
is to obtain and analyze as much important information available
about a game, then weigh the probabilities of each team winning,
and finally compare your opinion to the
online NFL football betting
odds. If you make the right picks you will win more
often than not. It's as simple as
that - but its far from simple.
While luck may contribute to the outcome of any single game, and
you may lose a few games even though you h ad great picks, however it will
balance out in the long run if you know what your doing.
Analyze it from the long term perspective. To be a consistent winner in sports
betting is not about whether you are prepared to capitalize on
opportunity when it presents itself. You need to invest
the time and effort to become knowledgeable about the sports you
enjoy betting on and then take advantage of your opportunities.
The bookmaker is simply a middle-man who operates on a small
profit margin. The point spread is a tool for them and more of
an obstacle for the actual bettor. The odds maker likes to see
the money distributed evenly with half of the people betting on
each team. If too much of the money goes on one team, the
bookmaker will move the line / change the point spread to encourage bets on the other team in
an effort to balance his book. This is the guy you are trying to
beat.
Just by flipping a coin you will be right 50 percent of the
time. At odds of 10/11 only 52.4 percent of your bets have to
win for you to overcome the bookmaker's profit and break even,
so you only need a very small edge to become a winner. Do your
homework, bet selectively and 55 percent winning bets is
definitely achievable and 60-65 percent is a realistic target.
At those levels you will have an extremely profitable, as well
as enjoyable, hobby.
If you found this page interesting you should also see these
pages:
Professional NFL football betting tutorial
NFL Football Betting Tips
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