This is another term for parlay.
A valid Wager or bet. If a bet has action, it is a valid bet that will either win or lose. In Baseball a better can chose ‘Action’ meaning that it doesn’t matter if the listed pitchers throw out the first pitch the wager will still be good. For an ‘If’ bet, action means that the wager continues on to the second bet if the first bet wins, ties, or if the game is canceled.
An added game is one that is not part of the regular Las Vegas rotation. Added games usually involve smaller schools, where handicapping information is harder to obtain. Due to the lack of information, most bookmakers will ‘Circle’ the game to offset the lack of information.
American Football Conference (NFL).
American League (MLB).
American League Championship Series (MLB).
With all-in betting, there are no refunds given for scratched or withdrawn competitors or teams in an event where a bet is placed. Should an event be cancelled then the amount bet will be refunded.
Another term for future wagers.
Against the Spread or ATS refers to a bet involving the point spread instead of the actual result of the game.
Back Door Cover
When a team, usually out of the game, scores meaningless points to cover the spread; sometimes called a matador.
A rough, unexpected, undeserved loss, a bad beat is often a result of an opponent’s Back Door Cover.
The funds you have available for wagering.
Is a friend or partner of a sports bettor who places bets on behalf of the sports bettor to conceal the identity of the bettor.
To risk money on the outcome of an event.
The maximum amount that can be placed on a particular event. Often books, after accepting the bet limit from a client, will adjust the lines in the books’ favor and allow the client to exceed the limit.
Is someone who places or has a bet. Often called a ‘Punter’ in the UK.
List of available bets.
A book is a person or company that accepts wagers.
Is a slang term for Book or Bookmaker.
Sports betting slang for a $100 wager.
It is when a bettor will pay a premium to have the point spread move in his favor.
The Canadian line is a combination spread and money-line wager in hockey.
Is a slang term for the favorite.
Is a sports gambler who mainly bets on the favorite and rarely bets on the underdog.
A circled game is a game that has lowered betting maximums and few betting options. Common reasons a game could be circled are inclement weather, an injury to a key player, or rumors about a trade involving one of the teams.
The final list of point spreads offered before game time.
Is when a team wins on the point spread.
Cross Sport Parlay
Is a parlay that involves games from more than one league or sport.
Is sports betting slang term for a $1000 wager.
Slang for underdog.
A dog player is one who usually bets on the underdog and rarely bets on the favorite.
Like ‘Buck’ it’s a slang for a $100 wager.
An “if bet” in sports betting that is processed if the precedent bet wins, ties or cancels.
A double bet is a wager for twice the size of one’s usual bet, also known as “double pop” or “doubling up.”
Two separate games played by the same teams on the same day.
The first line posted for a game.
Any advantage or perceived advantage when sports betting.
Is a bet that pays 1/1 with no Vig or juice.
An Exotic is any wager other than a straight bet or parlay.
The maximum amount of money a sportsbook stands to lose on a game.
To bet against a side.
The competitor who is expected to win the event.
All of the individual competitors in an event or the group of the entrants whose odds are not individually listed to win an event, usually long shots. They are grouped together so that a bettor wins his field bet if any of the long shots win. Events with a large number of entrants, like golf or NASCAR, most often offer field betting.
Fédération Internationale de Football Association.
Is slang for a $50 wager.
The last four teams playing in the annual March Madness NCAA basketball national championship tournament.
First half bet (1H)
Is a wager on only the first half of an event, most common in football and basketball.
Five Inning Line
Is a bet placed on only the first 5 innings of a baseball game.
Is a wager placed on the outcome of a future event such as the winner of the World Series or Super Bowl.
To risk money on the outcome of an event.
is making a wager on an event.
Is getting the best odds on a wager.
An Over/Under wager on the grand total of goals scored in all the hockey games of the day.
The four most important tournaments in tennis: the Australian Open, the French Open, the US Open, and Wimbledon.
The four major golf tournaments: The Masters, U.S. Open, British Open, PGA Championship (Professional Golf Association).
In baseball, a home run with the bases loaded, scoring four runs.
Half time bet (2H)
A wager place on only the second half of an event, most common in football and basketball.
Is another term for Point Spread.
A person who studies, rates, and wagers on sporting events and/or races.
Is what a gambler does to predict the outcome of an event.
The total amount of money wagered on an event.
A bet on the results between two or more participants in an event, such as golf or NASCAR, where the wagers are decided not by the outcome of the event but by who does better between the players in the wager.
is to wager the opposite way of a previous wager in order to cut losses or guarantee a minimum profit.
The percentage of house wins.
The team playing in its own town.
A hook is the half point added to a point spread.
Is a game that is attracting a lot of action on one side by the knowledgeable handicapper.
Is the Sportsbook or bookmaker.
A wager that links together two straight bets were progressing to the second bet is dependent on the first bet winning. If the first bet wins, the second bet is placed; if the first bet loses, however, the second bet isn’t placed.
The bookmaker’s commission on a losing bet, also known as “vigorish.”
Are the numbers that frequently affect the outcome of wagering. for example, 20% of all NFL games are decided by 3 points so 3 is a key number in the NFL.
Laying the Odds
“Laying Odds” means that you are wagering more money than you will win if your wager comes through. In such an instance a bettor believes himself to have a better than 50% chance of winning his bet.
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.
Is the maximum amount accepted by a sportsbook before the odds or points are changed.
The current odds or point spread on a particular event.
A line may be normal, circled, or sharp. A line would be circled due to injuries, weather or any other factor that causes the bookmaker to think the line may move drastically. Circled lines or circled games have restrictions on the maximum bet that will be accepted. A line would be sharp if the bookmaker expects the line to remain unchanged and there to be lots of wagering on that event. Sharp lines or sharp games have higher betting limits.
Is the person who establishes the first line or point spread for an event.
A listed pitcher is a baseball bet that will be placed only if both of the pitchers scheduled to start a game actually start. If they don’t, the bet is No Action.
Is a bet that is expected to be an easy winner.
Longshot, usually 10:1 odds or greater.
Is a competitor that has very little chance of winning.
The NCAA Men’s Division I Basketball Championship.
The amount a competitor in an event finishes in front of another competitor.
To bet both sides of a game at different prices, with the hope of winning both wagers.
Major League Baseball.
Major League Soccer.
Mix Martial Arts.
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.
Are multiple single wagers placed at the same time.
Most valuable player.
The National Association for Stock Car Auto Racing
National Basketball Association
National Collegiate Athletic Association
Arena, court, or field where neither side has a home-field advantage.
A sports line that appears in a daily newspaper.
National Football Conference
National Football League
National Hockey League
Slang for a $500 wager.
National Invitational Tournament
National League (MLB)
National League Championship Series
A wager that is canceled because the event didn’t happen or certain conditions of the wager were not met.
The oddsmakers’ prediction of the likelihood of a certain outcome of an event.
A person who sets the betting odds and sells them to media outlets without taking action on them.
Off the board
In sports betting this is a game on which the bookmaker will not accept action.
When the action on an event is not balanced and the outcome could lead to a loss for the book.
The earliest line posted for a particular event.
In sports gambling, the “over” is a sport’s bet in which the bettor guesses that the combined point total of both teams will be above a specified total.
When the odds on a proposition are in favor of the bettor rather than the house.
Extension to a tied contest at the end of the regulation play that lasts until a winner is determined or maximum overtime periods expire.
A bet on whether the total points or goals scored by the two teams will be over or under a specified number.
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.
Action placed after the start of the event.
Professional Golfers’ Association
An event where there is no favorite.
Bettor, punter or gambler.
Also, know as the handicap, it’s the number of points or goals allotted to one the underdog or taken from the favorite to even the chances of winning for both sides.
The cancellation and rescheduling of an event for another date for any reason.
The strength of a team in comparison to another team.
To place a larger wager than usual.
The moneyline or point spread.
Prop (Proposition) Bet
A wager on an outcome that is not directly related to the final score. Prop bets are often on statistical totals for players or individual teams as well as on the outcomes of current events such as reality TV or elections.
Odds of a goal spread instead of using a Canadian Line in hockey, where both a goal spread and money line are played.
When the contest ends with no winner or loser for wagering purposes.
Bettor, player or gambler.
A bet placed on a specific quarter of a basketball or football game.
A game that is canceled due to bad weather.
A person who has the authority to make decisions about play in sport Officials in some sports are known by a variety of other titles, including umpire, judge or linesman.
The total amount you are paid on a winning wager.
When you place a reverse bet, two ‘If’ bets are placed for you,
one in the original order and the other in reverse order.
In sports betting this a series of three or more teams in 2-team parlays.
In sports gambling, this is all the lines for a specific date, sport, time, etc.
Is baseball’s version of a point spread.
A golf tournament involving various match play matches in which every two years the top American and European golfers meet at venues alternating between the two continents. It was first competed for in 1927 and, until 1973, when Ireland was included, involved only the US and Great Britain. In 1979, it was expanded to include Europe.
Win a lot of money.
To gain (1 or more points) in a game or contest.
A usually numerical record of a competitive event.
A description of a sophisticated or professional sports bettor.
When a team fails to score during a game or contest.
In sports betting, the names of the two teams playing; the underdog and the favorite.
Another term for a straight bet.
An “if bet” in sports gambling that is processed only if the precedent bet wins.
A bettor who waits for games and events that they believe are very strong wagers.
A person or company that accepts bets.
A short form of Point Spread.
A novice sports bettor.
Best-of-seven series between the Eastern and Western conference champions in the NHL to determine the NHL Champion.
The line at which a money line, attached or otherwise, is set and is presumed to be at if not shown for a game or a spread.
Another term for a Bookie.
A single wager on a competitor to win or lose.
A bet that only requires the team to win without a point spread attached.
One football game for the NFL Championship played between the winners of the American and National Football Conferences.
A method of betting, usually mathematically based, used by a bettor to try to get an advantage by looking for trends from past games in order to more accurately predict the outcome of future games.
Theoretical Hold Percentage
The edge the bookmaker would have if the odds guaranteed him a constant commission regardless of the outcome.
Taking the points
Betting on the underdog on the spread.
Taking the price
Betting on the underdog on the moneyline.
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.
A transaction record of your wager.
A game where the teams are very close to even and the lines may as well be even; a pick ‘Em.
The combined amount of runs, points or goals scored by both teams during the game, including the overtime.
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 sportsbook.
Someone who sells their expertise on sports wagering.
Using the past to predict the future outcome of a team’s results.
The real odds of something happening as opposed to what bookies offer.
Two & Three Ball Betting
A golfing bet that involves predicting which player from either a group of two or three will shoot the lowest score over 18 holes. Usually found under the Golf Props section.
Union of European Football Associations
Ultimate Fighting Championship
An under is a wager in which the bettor guesses that the total points scored by two teams will be under a certain total.
The team perceived to be most likely to lose. Also known as the “dog”.
When the odds on a proposition are in favor of the house.
In sports betting value means getting the best odds on a wagering proposition; the highest possible edge.
The bookmaker’s commission on a losing bet; also known as Juice.
To risk money on the outcome of an event.
A type of ‘If’ bet where the wager continues on to the second bet only if the first bet wins. If the first bet is graded “Push” or “No Action” or the game is canceled altogether, your money is refunded.
A wise guy is the sports gambling term for a well-informed or knowledgeable handicapper or bettor.
Women’s National Basketball Association
The Price of a very heavy favorite.
Championship of Major League Baseball (MLB). The seven-game final of the baseball playoffs between the AL and NL champions to determine the world champion.
An unknown or intangible that could affect the outcome of a game but can’t be measured by the senses. It could be a newborn in the family, a death, or the effect of crowd noise on adrenaline.