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Betting Terms
ATS- against the spread.
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.
20 Cent Line - The money line difference
(20 cents) between what a bettor would lay with
the favorite or take back with the underdog.
Action - A wager of any kind.
Bad Beat - Tough Loss.
Beard - Messenger bettor.
Buck - $100.
Chalk - Favorite.
Circled Game - Game where action
is limited due to uncertainties about weather, injuries,
etc. Cover - Win by more than the pointspread.
Dime - $1000.
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.
Dog - Underdog.
Dollar - $100.
Edge - Advantage.
Even Money - A wager on which neither
side lays any odds or vigorish.
Exotic Bet - Action other than
a straight bet or parlay.
Exposure - The amount of money
one actually stands to lose on a game or race.
Favorite - The contestant in any
given contest that is considered the most talented,
or has the best chance to win the contest.
Firing - Betting a lot. A player
who is "firing" is wagering large sums.
"Foots" - Slang word used sometimes
for football.
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 Super Bowl winner.
Get Down - Make a bet.
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.
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.
Halftime Line - A line on only
the first half, or only the second half scoring
of a football or basketball game.
Handicapper - One who studies sports
and predicts outcomes.
Hedge - Bet the opposite of your
original wager in order to reduce the amount of
exposure you have on a game.
Hook - Half point in pointspreads.
"Hoops" - Slang word used to indicate
the game of basketball.
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.
Hoops - Basketball.
Hot Tip - Information the bookmaker
is not yet privy to.
IBF - International Boxing Federation.
Juice - Bookmaker's commission,
most often refers to the 11 to 10 football bettors
lay
on straight wagers. Also known as vigorish.
Lay The Points - A wager on a favorite
in a pointspread contest Lay The Price - A wager
on a favorite in a moneyline contest.
Limit - Maximum bet accepted by
the house before the price will be changed.
Line - The moneyline, odds, or
pointspread of any given contest.
Listed Pitcher (LP) - The pitcher
or pitchers listed by Las Vegas oddsmakers as robable
starting pitchers for a scheduled baseball game.
Lock - Easy Winner.
Longshot - Large underdog.
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.
MLB - Major League Baseball.
Moneyline - The amount you must
bet to win 100 or the amount you win if you bet
100.
MVP - Most Valuable Player. Leagues
give MVP Awards to the best regular-season and to
the outstanding player in championship games or
series.
NBA - National Basketball Association.
NCAA - National Collegiate Athletic
Association.
Neutral Site - Arena, court or
field where neither side has a home field advantage.
NFL - National Football League.
NHL - National Hockey League.
Nickel - $500.
NIT - National Invitational Tournament.
Off The Board - Game where no bets
are being accepted.
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.
Overlay - When the odds on a proposition
are in favor of the bettor rather than the house.
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.
Parlay - A bet with two or more
teams where all the teams must win for the bettor
to be successful.
Past Post - To make a bet after
an event has started.
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.
Player - Bettor, gambler.
Pointspread - The handicap, or
head start, which the favorite gives to the underdog
for betting purposes.
Press - To bet a larger amount
than usual.
Price - The moneyline odds on the
favorite of a given match.
"Pucks" - A slang word used to
indicate the game of hockey.
Puppy - Underdog.
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.
Rain Out - A contest that has been
canceled because of bad weather.
Round Robin - A series of parlays.
A three-team round robin consists of one three-team
parlay and three two-team parlays.
Rundown - Line update.
Runner - Messenger bettor; see
beard.
Ryder Cup - A golf tournament between
American and European golfers that is staged
every two years.
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.
Score - To win a lot of money.
Scratch - Withdraw; cancel.
Sharp - Wise guy.
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.
Side Bet/Side Wager - A wager on
a particular team, or side, to win a contest.
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.
Spread - An abbreviated form of
pointspread.
Stanley Cup - NHL Championship.
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.
Straight Bet - A single wager on
a selected side or over/under.
Sudden Death - An overtime period
in which the first contestant to score is declared
the winner of the contest.
Superbowl - NFL Championship game.
Take A Price - A wager on the underdog
in a moneyline contest.
Take The Points - A wager on the
underdog in a pointspread contest.
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.
The Big Dance - The 64 team, post
season college basketball championship tournament.
Toss Up - Game where the line is
close to pick-em.
Total - The line on a given contest,
representing the combined number of points/goals
scored by the two teams; see over/under.
Tout Service - A business that
sells opinions on sporting events.
Underdog - The contestant in any
given contest that is considered the least talented,
or has the least chance to win the contest.
Underlay - When the odds on a proposition
are in favor of the house.
Value - An overlay.
Vigorish - Bookmaker's commission,
most often refers to the 11 to 10 football bettors
lay on straight wagers. Also known as juice.
WBA - World Boxing Association.
WBC - World Boxing Council.
Wise Guy - Established and successful
sports bettor.
WNBA - Womens National Basketball
Association.
World Series - MLB championship;
The final seven games of the baseball playoffs between
the two league champions to determine the world
champion.
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