|
Action
A wager of any kind.
Book
An establishment that
accepts wagers on the outcome of
horseracing and sporting events.
Bookie
Person who takes clients bets.
Bankroll
Your available gambling money.
Beard
A friend, acquaintance or other contact
who is used to place bets so that
the bookmakers will not know the identity
of the actual bettor. Many top handicappers
and persons occupying sensitive positions
use this method of wagering.
Buck
A $100 wager.
Buy Points
Buy Points means that you can move the pointspread
so that you give away less points with the
favorite or get more points with the underdog,
for both football and basketball. To do
this you must pay an extra 10% for each
½ point you buy in your favor. For the NFL
and NCAA football, you will pay an
additional 15% to buy on or off of 3 points
- also know as Key Points. And if you buy
through 3 points, you will pay an additional
20%. NOTE: There are NO Key Points for basketball.
You pay a flat 10% for each 1/2 point you
buy. An example of how to buy off of 3 points:
the Kansas City Chiefs (-3) are 3 point
favorites. To buy 1/2 point and make them
a 2.5 point favorite, you would need to
lay $125 to win $100.
Buy Point Table (Football Key Points)
|
Buy 1/2 point to 3 |
|
100/125 |
|
Buy 1/2 point off 3 |
|
100/125 |
|
Buy 1 point to 3 |
|
100/135 |
|
Buy 1 point off 3 |
|
100/135 |
|
Buy 1/2 point any other |
|
100/120 |
|
Buy 1 point any other |
|
100/130 |
Canadian Line
A combination point
line and moneyline in hockey.
Chalk
The favored team.
Chalk Player
Someone who usually only plays the favored
teams. Rarely bets on underdogs. Also known
as Favorite Freddie.
Circle Game
A game in which the betting action is severely
limited. Usually occurs in those games that
feature key injuries, inclement weather,
or unsubstantiated rumors regarding a team.
Most bookies "circle" all Ivy League Games.
Cover
To bet the spread by the required
number of points. If such occurs you have
"covered the spread".
Dime Bet
A $1000 wager.
Dog
The underdog in any betting proposition.
Dog Player
One who mostly plays the underdog.
Dollar Bet
A $100 wager.
Double
Bet
A wager for twice the size of one's usual
wager.
Due For
A team that is "due
for" whether it is a win or a loss; many
bettors like to play "due for" situations.
East Coast
Line
Mainly used in hockey,
which has a split-goal line e.g. - NY Rangers
(1 - 1 ½) favorite over the Vancouver Canucks
as opposed to goal spread plus moneyline
(-1/2 -180).
Edge
Advantage.
Even Money
A wager in
which no virgorish or juice is laid.
Exotic Wager
Any bet other
than a straight bet, i.e., parlays, teasers,
if bets, reverses, round robin, round robin
box reverses, etc.
Fixed
Point shaving. Never say to a client that
a game is fixed!
Future Bet
Bets accepted well in advance.
Futures
Odds posted on the
winners of various major sport championships
in advance of the event, including the Super
Bowl, the World Series, the Stanley Cup
and the NBA championship.
Getting
Down
Making a wager.
Going
Down
Losing.
Handicapper
One who studies and rates sporting events.
Handle
Total amounts of
bets taken.
Hedging
Placing bets on the opposite side
in order to cut losses or guarantee winning
a minimal amount of money.
Holding Your Own
Neither winning or losing, just breaking
even.
Hook
A half point added to football and
basketball betting lines.
Hooked
Losing a wager by exactly one-half
a point.
Hot Game
A game which is drawing a lot of action
on one side by knowledgeable handicappers.
Juice
The bookmaker's commission, also known as
vigorish.
Laying The Points
Betting on the favorite
Limit
The maximum amount a bookmaker will allow
you to bet before he changes odds and/or
the points. Also the "cap" on what you can
personally wager.
Line
The listed odds on a game ( points
or money line ).
Linemaker
The person who establishes the original
and subsequent betting lines.
Lock
Easy winner, can not lose.
Longshot
A team or horse that
is unlikely to win.
"The Man"
Bookie.
Middles
To win both sides of the same betting proposition;
betting the favorite team at -1.5 with one
bookmaker and then taking +3.5 with another
bookmaker; the game ends up with the favorite
winning by exactly 3 points, you have then
"middle the game"; a favorite betting method
of "Wise Guys".
Money Lline
A money line is offered when no handicap
is given, such as a point spread or run
line, and the odds are not therefore fixed.
Payouts are then based on true odds rather
than fixed odds. The favorite and underdog
are given odds to win a game or fight.
The minus sign (e.g.-130) always indicates
the favorite and the amount you must bet
to win $100. The plus sign (e.g.+110) always
indicates the underdog and the amount you
win for every $100 bet. Therefore based
on the above money line, you bet $130 to
win $100 on the favorite. For the underdog,
you win $110 for every $100 bet.
Newspaper
Line
The betting line which quite often appears
in the daily newspapers. The lines are only
approximate and quiet often totally inaccurate
and misleading.
Nickel
A $500 wager.
Oddsmaker
The same as a line maker.
Odds
On Favorite
A horse, team or individual so favored by
the public that the odds are less than even.
Off The Board
A game on which the bookmaker will not accept
action.
Off Lines
The amount the Las Vegas point spread differs
from our computerized mathematical line.
Official Line
The line that the bookmaker uses for wagering
purposes. The line which comes from Las
Vegas is quite often referred to as the
official line; however, the line that your
bookie offers you is actually your "official
line". Many smart bettors like to know the
Las Vegas official line so that they can
compare to their local bookies in order
to determine how badly they are being "faded".
Outlaw Line
An early line which is not an official line.
Quite often line makers allow specially
selected bettors to wager into the "outlaw
line" before entering the line to the public.
The winemakers respect these individuals
and use their input to create a final opening
number. This process is also called "ironing"
or "flattening" the line.
Overplay
An advantage for the bettor in which the
price on a given wager is greater than the
real probability of its success.
Over & Under
A wager for the total score by both
teams will more or less than the total posted
by the sports book.
Parlay
The number of teams in the parlay must all
hit or the parlay loses. 2-team parlay pay
13-5 odds. 3-team parlay pay 5-1 odds. 4-team
parlays pay 8-1 odds.
Parlay Cards
Wagers on a minimum
of 3 and up to 15 propositions; the more
you pick, the higher the payoff.
Past Performance
What has occurred previously to the forthcoming
games.
Pick
Occasionally, there will be no favorite
on a game. In this instance the game is
said to be a pick and you can bet
10/11 (bet $110 to win $100) on either team.
Pick'em
Game
Neither team is favored. Take your pick
and lay 11 to 10.
Point spread
The point spread - also called "the
line" - is used as a margin to handicap
the favorite team. The odds maker - also
called the handicapper - "gives" points
(or goals) to the underdog - for betting
purposes only. The bettor must take either
the favorite or the underdog. The favorite
is always indicated by a minus sign (e.g.
-8.5) and the underdog by a plus sign (e.g.+8.5).
For betting purposes, the outcome
of the game is determined by taking the
actual game score and finding the difference
between the scores of the two teams playing
(called the point spread or just the "spread").
For example - The Green Bay Packers are
8 point favorites over the Miami Dolphins
(an 8 point spread shown as -8 beside Green
Bay on our "lines" page). If the final score
is Green Bay 20 Miami 13, then the actual
game score "spread" is 7 points (20 minus
13). In our example if you took Miami (called
the "dog"), you would win the bet since
Green Bay had to win by 9 points or more
to "cover the spread." Green Bay needed
2 more points to "cover" since if the game
landed right on the "spread" of 8 points
it would be called a "push" (similar in
concept to a tie in Moneyline wagering,
which is also called a push) and it would
be "no action" (no bet and money held in
your account to cover the wager is released
back into your available balance). If the
"spread" is put in at a half point (eg.
-8.5 for the favorite Green Bay) by the
Sportsbook handicappers then there can be
no "push." In this case, there is "action"
at any final game score point spread. In
a point spread, you must wager $11 to win
$10 ($21 is returned to the winner). 10/11
is the standard for point spread bets on
most sports.
Post
Time
The Schedule starting time.
Press
To bet a larger amount
than usual.
Price
The odds or pointspread.
Proposition
Bet
A wager on a particular aspect of the game
such as how many field goals will be made.
Puckline
Hockey combines both a handicap/spread and
odds. This is called the Puckline. Sample
line:
|
Boston |
|
+1 (-110) |
|
Detroit |
|
-1.5 (-110) |
The favorites are the Detroit Red Wings,
who are giving the Boston Bruins 1.5 goals.
To win the bet, Detroit would have to win
the game by 2 goals. When placing this bet
you are getting even money, which means
that for every $110 you wager, you
will win $100. If you are betting
on Boston, you will receive a 1.0 goal handicap,
meaning that if Detroit wins by 1 goal the
game is a push. If the game ends
in a tie or Boston wins, then you win the
bet. The odds again are at
-110.
Push
If the result of a game lands exactly on
the pointspread or is a tie in the
case of betting a moneyline, or if
the exact score of the game matches exactly
the Sportsbook's posted game total
(Total), then the game is a "Push"
or "No Action" and all wagers
are released back to the Available Account
Balance .
Round Robin
A form of parlay betting in which we wager
various combining team wagers. A 3-team
robin is team 1 to 2, 1 to 3, and 2 to 3.
4-team robin is team 1 to 2, 1 to 3, 1 to
4, 2 to 3, 2 to 4, and 3 to 4. 5-team, etc.
Run Line
A line used when wagering
on baseball.
Scouts
Person(s) who study team plays and/or practice
and report findings to handicappers.
Smart Money
Sides that are bet
on by the more knowledgeable handicappers.
Sport Player
A person who waits
for what he thinks is an unusually strong
wager.
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.
Score
To make a big win.
Scratch
To call off a wager.
Side
When one side of a wager wins and the other
side ties.
Smart
Money
Sides that are bet on by the more knowledgeable
handicappers.
Sport
Player
A person who waits for what he thinks is
an unusually strong wager.
Star
Rating.
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.
The
Store
Bookie.
Sucker Bet
A bet that is very disadvantageous to the
player such as a public opinion game.
Taking
Wagering on the underdog;
taking the odds.
Totals
Total combined point/runs/goals
scored in a game; In baseball, if either
of the two listed starting pitchers don't
go the bet is automatically cancelled.
Tout
Someone who sells his opinions on sports
or horse wagers.
Value
Getting the best odds on a betting proposition;
the highest possible edge.
Virgornish
The commission paid to the bookmaker.
Wager
Any Bet.
Wise
Guy
A sophisticated gambler.
Wood
Laying points.
|
