Gambling Glossary,Gambling Terms
Across the board- Wagering on a Horse to Win-Place-Show.
Action- Is a valid, active bet.
Agent- A person that places customers into a Sportsbook for a commission.
ATS- Abbreviation for Against The Spread.
Back Door Cover- When a team scores meaningless points at the end of a game to cover the spread, usually in the final minutes.
Bad Beat- A game which looked as if it was an absolute win, but ends up losing.
Bet Spread- The ration between the maximum and minimum bet size. A player using a $50 Max Bet and a $5 Min bet is using a 10:1 bet spread.
Book or Bookie- A person or company who takes bets.
Buy- To buy points to change the point spread to the players advantage. Points are purchased on a 1/2 point scale. For each 1/2 point you pay an additional 10% to the Vigorish.
Bank Roll- Starting amount of money available to place bets.
Chalk- Favorite to win and cover the spread.
Circled Game- When a game has a lower betting limit placed on it, usually due to uncertain weather, significant injuries or unconfirmed rumors regarding a contestant or team.
Cover- When you win the game by more then the points you laid , or less then the points you recieved.
Daily Double- A combination wager in Horse Racing , where the player selects the winner of race A and the winner of race B. Must win both races to win the double.
Degenerate- Also known as a compulsive gambler.
Dime- In betting terms is equal to one thousand.
Dime Line- A slang term used to indicate a 10 cent line, money line or vig on a game. Ex. a money line in which the bookmakers vig amounts to 10%.
Dollar- In betting terms equals one hundred.
Even Money- A wager where there is no vig. Ex. a game listed as a Pick Em .
Exotic Wager- Action other then a straight bet. Such as teasers, parlays, round robins, ect....
Exposure- Amount of money a sportsbook stands to lose on a single game.
Figure- Amount of money you won or lost at the end of a particular week.
Form- Newspaper for handicapping Horses, Also describes how a team may currently be playing.
Futures- A type of wager made, or lines posted on an outcome that will be determined in the future.
Getting Down- Getting a bet placed in time.
Half-Time Bet- A wager placed on either first or second half of a Football or Basketball game.
Handicapper- Race track offical who decides the weights to be carried in Handicap events and grading horses and greyhounds, Also a person who analyzes, studies and rates sporting events.
Handle- Total amount of money wagered in a particular time frame.
Hedge- To reduce amount of action by wagering on the opposite side of original bet.
Hook- Is a description of a 1/2 point in betting spreads. Ex 3.5 would be three and a hook.
Juice- Amount of commission kept by the house also known as the vigorish.
Kick It- Term used to signify a raise in bet amount.
Laying A Price- Playing the favorite.
Layoff- Money bet by the house with another bookmaker to reduce liability.
Limit- Maximum amount of money accepted for one wager.
Line- Refers to the listed odds, points, money line, or point spread for any given event.
Lock- Used to describe an easy winner or a game that can not lose.
Make Up Figure- When you withdraw funds, the makeup figure is the amount you are required to deposite before your eligible for a bonus again.
M.L.B- Short for Major Leauge Baseball
Middle- Betting both sides of a game at different prices with the hope of winning both bets. Ex Betting Pittsburgh on monday -3 then later in the week the line goes to pitt -6 so you take the opposite side in the hopes the final falls in between.
Middler- Person who only plays middle bets.
Money Line- Odds expressed in terms of money, it refers to the amount of money the player must risk in order to win $100. Payoffs are based on true odds rather then fixed. Ex. Yankees are -$200 that means you risk $200 to win $100 on the Yankees.
Mush- Someone who only has bad luck.
N.B.A.- National Basketball Association
N.C.A.A.- National College Athletic Association
N.F.L.- National Football League
N.H.L.- National Hockey League
Nickel- In betting terms equals five hundred.
Off The Board- Game taken off the betting board due to weather, injuries, or some other cause.
Over/Under- A wager involving combination of both teams scores, set at a specific number. Ex Dallas Pittsburgh Over/Under 38 Means you need over 38 to win the over , or under 38 points to win the under.
Overlay- A situation in which the odds on a game favor the bettor, instead of the house.
Parlay- A combination or multiple bet on two or more teams or horses. In order to win a parlay all the selections must win, if a selection is a tie or postponed then the parlay is reduced by that selection.
Past Post- A bet made after the start of a game or Horse Race.
Pick- Is a line where both teams are of equal value. No one is getting or giving any points.
Point Spread- A margin in points or goals, given to an underdog for betting purposes.
Price- Line on a given game.
Propostion Bet- A wager on different areas within a game. Ex total number of fumbles in a football game .
Push- Is when you have a tie against the spread. No one wins or loses any money.
Roll Over- Refers to the number of times you need to wager funds before you can withdraw and keep your bonus winnings.
Round-Robin- A multiple parlay .
Rundown- List of a single days events.
Run Line- Refers to spread bet in baseball. For example instead of a moneyline you would give 1.5 runs .
Sharp- A professional sports bettor.
Side- % of money bet on the point spread of the game, has nothing to do with the outcome of the game.
Spread- Short for point spread.
Steam- When a large amount of money is bet on one side of a game and the line moves rapidly.
Straight Wager- To place a wager on one betting option.
Sucker Bet- Parlay, teasers, exotics, bets harder to win but usually have much higher payouts.
Teaser- A bet that enables you to move the line in your favor, multiple teams must be selected and a higher vig is also paid.
Totals- Total combined runs/points/goals scored by the two teams opposed in a sporting event.
Tout- A person or Co. who sells or gives away selections.
Underdog- Given points/goals/runs to even up action played on both sides of a sporting event.
Wager- Is another term for bet.
Wise Guy- A smart bettor, who plays steam before the line begins moving. A professional sports bettor.
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