Internet sports betting will use a lot of gambling terms that you may not be familiar with as a lot of the language comes from the 'street' language of old school bookies. The following is a Glossary of Gambling Terms for: NFL betting, College Football betting, NCAA Football betting, Baseball Betting, MMA Betting, UFC betting, Boxing wagering, NHL betting, NBA betting, NCAA Basketball betting, College Basketball Betting and other major sports. You will find all the major terms that Internet sportsbooks use in posting their betting lines.
Gambling Terminology
Slang for gambling is hard, but we're here to help! Gambling terms vary far and wide, but we have assembled a gambling terminology glossary here. All the gambling terminology and gambler slang you could ever find will be made clear here. You'll be speaking the gambling vocabulary after a quick review of this page in no time, including betting terms, and slang for gambling itself. Most of these are specific to sports betting, but still find their way to other areas online. Whether you're into NCAA Football betting, NFL betting, NCAA Basketball betting, College Basketball Betting, College Football betting, Baseball Betting, MMA Betting, UFC betting, Boxing wagering, NHL betting, NBA betting, or all other major sports, you'll be speaking gambler lingo in no time! This can be particularly challenging without help, as sports betting lingo, bet slang, betting jargon, betting lingo, betting acronyms, sports betting terminology, and specifically basketball betting terms all have very specific sports betting terms that need to be mastered to even make a bet! Football betting terms and football betting terminology in particular can be challenging, but we've got you covered there too:Action
- For example, if a team is +3 (3-point underdogs), and they end up losing the game by 2 points, it is said that they covered. It does not matter if they win the game or not; they only have to outperform the spread line. Dime: This is a term for $1,000. If you say that you bet five dimes on a game, you bet $5,000.
- The spread/lines. The spread is a way that sportsbooks make betting the score of the game even on both sides by adding or subtracting points from the final score of the game based on who is favored.
TERMS AND CONDITIONS. This agreement contains all of the terms and conditions between SportsBetting.ag and the individual player, herein referred to as the 'Client.' 'Client' is defined as a person who has created a new SportsBetting.ag account. SportsBetting.ag may modify any of the terms and conditions contained in this Agreement, at any time and at our sole discretion, by notifying the Client. Betting Line (or Line): The betting odds or point spread. Bookmaker: A creator of betting lines and odds, often at a sportsbook. Bookie: A person who accepts wagers. Book: As a noun, 'book' is short for 'sportsbook – an establishment that accepts wagers. Phrases and terms connected with gambling.There is more gambling terminology in the other subcategories of Category:Gambling. This category has the following 4.
Added Game
- Any betting line not typically part of the usual pool of games to bet on in the Las Vegas rotation, but is included to benefit those making wagers with a bookie.ATS
- The ATS betting term means Against The Spread. This is when you're betting on the underdog team to win by a wide margin, and along with it, ample winnings.Bet
- Any time you put down money on the outcome of a sporting event, you're betting.Book
- Originally, bookies were the ones that took bets on sporting events. Book is short for any sportsbook or related group that takes these bets.Bookie
- The original term that started them all, a bookie is someone that takes bets on sporting events.Bookmaker
- Another term referencing a bookie that takes bets on sporting events.Buck
- A $100 bet, being an example of a sports betting slang term.Buy (Points)
- If you are willing to pay more for it, you can get a half point or more in your favor on any point spread you bet on.Canadian Line
- Alternatively called a Puck Line, this is a mixture of a Point Spread and Moneyline.Chalk
- Another slang term, this one meaning the favored side to win.Chalk Player
- Anyone that typically bets on the favored side and never on underdogs.Circled Game
- Events of this kind have lower betting limits and limitations on how many people can get so a bookie won't carry as much risk. Sometimes called a Red Circle box. This happens when unintended circumstances may adversely effect the outcome of an event, such as player injuries, unusual weather conditions, and games being unexpectedly added. Doesn't include parlays and teaser wagers.Cover
- Any time a point spread is won.Dime Bet
- Another betting slang term that means a $1000 bet is placed.Dimeline
- When the favored party and the underdog only differ on their moneyline by 10 cents, such as the Yankees and Red Socks. This is used in baseball to attract eager gamblings looking for a decent risk to reward ratio.Dog
- The underdog not favored to win in an event.Dog Player
- A gambler that typically bets on the underdog.Dollar Bet
- Another betting slang term, here meaning $100. It's the same as 'Buck,' and they are used interchangeably just like the terms are outside of gambling.Even Money
- Any wager with 1:1 odds, meaning there is no juice or vigorish.Exotic Wager
- Wagers that aren't Straight Bets or Parlays count as exotic wagers, such as Teasers, Sweetheart Teasers, IF bet, Reverses, and Prop bets.Favorite
- Any side expected to win an event. The opposite of the dog or underdog.Fifth Inning Line (5 Inn.)
- Any bet placed on only the initial 5 innings of any baseball game.Fifty Cents
- Another betting slang term that means a $50 bet.First Half Bet (1H)
- Bets placed on a football or basketball game that only account for the score up to halftime.Future
- The betting odds calculated in advanced on future sporting events.Getting Value
- Gambling vocabulary for the best odds on betting line.Grand Salami
- The Total of goals scored in all hockey games played on the same day.Grading
- After you bet and the event has been decided, this is when the amount is put into your account.Half a Dollar
- Another piece of gambling slang for a $50 wager.Half Time Bet (2H)
- The opposite of a First Half Bet, this is any bet placed on the second half of a football or basketball game.Handicapper
- These are the people that look at all available information on a sporting event, and calculate the odds of the outcome.Handicapping
- This is the act of the above when calculating the outcome of an event.Handle
- The gross total of bets taken by a bookie on a sporting event.Hedging
- Betting on both sides of an event to keep losses at a minimum or guarantee a bare minimum amount of winnings. Considered to be a safe betting strategy that sacrifices maximum winnings for protection from losses.Hook
- When half a point is added to football or basketball betting through gamblers buying points. Also referred to as buying the 'hook'.Hot Game
- Any game attracting the attention of many professional handicappers.Juice
- A bookie's commission on the bets made, which is referred to as the 'vigorish' as well. A standard juice is typically 10%.Laying the Points
- Betting on the favorite in any point spread betting line.Limit
- A hard limit placed on the total betting amount for any event.Line
- The present betting odds on any event. Lines like these are always updated in real time.Linemaker
- Someone at a bookmaker that establishes an original betting line and all subsequent betting lines stemming from it.Longshot
- Any side of a sporting event unlikely to win, similar to the underdog.Middle
- A strategy of betting on both sides of an event at different amounts. Called the 'middle the game' someone wins, and similar to Hedging.MMA
- Stands for Mixed Martial Arts.Moneyline
- Any betting odds where the wager is settled when one side of an event wins. An example would be a -120 team requiring $120 to win $100 when that team won.Nickel Line
- This is when the commission a bookie receives on a betting line is 5%. Also called reduced juice.Nickel
- A betting slang term for a $500 wager.No Action
- When a bet is cancelled because the event did not happen (i.e. rain out in MLB). All money is returned to bettor.Odds
Off The Board
- When a bookie closes open betting for an event.Oddsmaker
- The one that determines the odds of a sporting event.One Dollar
- Another gambling betting slang term for wagering $100.Opening Line
- The initial betting line made public by a bookie for a sporting event.Over
- A bet placed on the total scores of both teams in a sporting event combined. Typically, bets are made that it will be above a specified total amount.Parlay
- Betting on two or more teams at a time. All teams must win in order to receive the highest payout. If one team loses, it is considered a loss.Pick ‘em
- An event where no side of a sporting event is favored to win. Sometimes called a ‘Pick'.Point Spread
- Using the handicap chosen by the bookmakers, this determines how much will be awarded to winning bets.Press
- Betting in an amount that is far higher than a typical wager.Price
- Determined by the point spread or the odds given on a moneyline.Sports Gambling Terms And Phrases
Prop (Proposition) Bet
- Betting on two or more outcomes that have nothing to do with an event's final score or winning team. They tend to be placed on specific players, an entire sport, political occurrences, celebrity gossip, and related things.Push
- This occurs when no one wins a wager. Wagers in this case are returned.Quarter Line (1Q, 2Q, 3Q, 4Q)
- Any bet placed on a specific quarter in a basketball or football game.Reverse Bet
- This occurs when two IF bets are placed.Risk
- The amount that is bet on a particular sporting event.Round Robin
- A style of tournament that allows many parlays to occur at the same time.Run Down
- A summary of the betting lines determined for a specific date, sport, or time.Run Line
- Particular to Baseball, this is their version of a Point Spread.Sharp
- A gambling term for professional or highly experienced bettors.Sides
- The teams in a sporting event.Single
Sportsbook
- Much like a bookie, any company accepting bets, in this case on sporting events.Spread
- A short reference used in the same fashion as a Point Spread. Usually posted by the line maker, this is determined by the odds of the outcomes of a sporting event.Square
- Someone new to betting on sports.Standard Line
- When a betting line is -110 for all sides. Standard lines have 10% juice.Steam
- When a betting line changes and is reposted because of how popular it is among bettors.Stake
- The specific amount of a placed bet.Staight Bet
- A bet placed on a single sporting event.Straight Up (SU) Bet
- When a bet is won despite the point spread. This is commonly known as a moneyline wager as well.Sweetheart Teaser
- A teaser which brings together 3 or 4 football or basketball bets and allows for gamblers to adjust their total and point spread in their favor.Taking The Points
- Wagering on the underdog in the Point Spread.Taking The Price
- Wagering on the underdog in the Moneyline.Teaser
- A parlay that allows for an increased point spread or total in exchange for reduced payout odds.Ticket
- Used interchangeably with wager because real world sports betting used to involve giving tickets as proof of a wager. Many still do, such as horse races!Tie
- Also known as a Push. Risk amount of wager is returned to the bettor.Total
- The score of both teams in an event combined, including any overtime.Totals Bet
- A bet made on the total score of both teams added together.Tout
- Someone selling services as a sports handicapper.Under
- A bet on the sum score of all teams in a sporting event with the Total amount being under a certain value. The opposite of an Over.Underdog
- Any team expected to lose an event. Also called the 'dog'.Value
- Getting the best possible odds on a wager.Vig or Vigorish
Sports Gambling Terms Explained
- A bookmaker's commission. Also called the 'juice,' which is assumed to be at least 10% on a losing wager.Wager
- Risking money on the outcome of an event. Also called a bet.Wise Guy
- A highly successful sports bettor.You're Now a Sports Betting Terms Definition Master!
With the knowledge you've gained here on gambling terms for sports, slang for gamblers, and betting terminology, you're now fully equipped to bet like a Wise Guy, beat the Spread, and walk away a winner with any Bookie you happen to Wager with. Best of luck in your Sports Betting!Before we get started if you're interested in seeing these glossary terms in action feel free to visit these sports betting strategy pages. In these guides, we'll share our expert tips and tricks for understanding and effectively using these different terms.
Glossary
Action: This is when you have a bet on a game, match, race, or season.
Against the Spread (ATS): This is a statistic that tells you how well a team does against the spread. If a team has covered the spread (outperformed the sportsbook's expectations) in five games, you would say they are 5-0 ATS.
Backdoor Cover: This is when you think you're certain to lose a bet, but something wild happens at the end of the game, getting you to cover the point spread and win your bet.
Bad Beat: This is when you lose a bet that you feel like you should have won. Most likely, you will hear this term when something happens in the game unexpectedly to cause you to lose almost a certain bet. For example, if a team fumbles the ball while kneeling down to win, and the other team scores to make you lose your bet, that's a bad beat.
Beard: This is someone who places a bet for another person. Sportsbooks will often not take action from very sharp (good) bettors, which forces them to use beards (also known as runners) to place their bets for them.
Book: This is an abbreviated term for sportsbook.
Bookie: This is a person who illegally accepts bets. Basically, it's someone who operates as their own sportsbook.
Buying Points: This is when a sportsbook allows you to shift a spread by giving up some payout odds. For example, if the point spread is +4, but you want it to be +5, you can do this at some sportsbooks. But since your bet is becoming more likely to win, you won't be paid out as well.
Chalk: This refers to the favorite in a particular game, match, or race. If you bet on the chalk, you are picking the favorite who is expected to win.
Circle Game: This is a game where the sportsbook has lowered the wagering limits due to injuries, weather, or other conditions that have made things more difficult on the linemakers.
Closing Line: This is what the odds are when the sportsbook stops taking action.
Cover: This is the term used when a team outperforms the spread betting line. For example, if a team is +3 (3-point underdogs), and they end up losing the game by 2 points, it is said that they covered. List of las vegas casinos. It does not matter if they win the game or not; they only have to outperform the spread line.
Dime: This is a term for $1,000. If you say that you bet five dimes on a game, you bet $5,000.
Dog: This is an abbreviation for the underdog, the team that is expected to lose. If you bet on the dog, you should expect to get paid better than even money.
Double Bet: This is a wager twice the size of someone's normal bet. For example, if you normally bet $20 on games, a double bet would be a $40 bet. This is popular when people have a strong prediction on a game or when they're trying to chase their losses.
Edge: This is an advantage in a bet. When you place a bet that you think has value, you are betting that you have an edge.
Even Money: This is when the odds are 50-50, and you stand to win the exact same amount of money you bet. For example, if you bet $20 at even money, your profit for a correct pick would be $20.
Exposure: This is the amount of money a sportsbook stands to lose on a particular game, match, or race. Sportsbooks manipulate lines to try and limit their exposure as much as possible.
Exotic: This is any other bet outside of a straight bet or a parlay. It is another term for prop bets.
Favorite: This is the team that is expected to win a game, match, or race. If you bet on a favorite, you should expect to get paid out worse than even money.
Fire: This is a slang term for making a bet. You can say that you're going to 'fire on the Cowboys' if you're going to make a bet on the Cowboys.
First Half Bet: This is a wager that you make only on the first half of the game. The end result of the game does not matter. The only thing that matters is the result after the first half of play.
Fixed: This is the term to refer to a game where someone has cheated. Basically, if the 'fix is in,' the game has been set to have a certain outcome. This is what happens during sports betting cheating scandals.
Futures Bet: This is a bet on something that is going to occur in the future and is not going to be determined by just one game. For example, if you bet on the champion, division winner, or tournament winner, that would be a futures bet. The team would have to win multiple games to win this bet.
Getting Down: This is a slang term for making a bet.
Grand Salami: This is the total goals scored by every hockey team in a particular day or runs scored by every baseball team.
Halftime Bet: This is a wager that is made at the halfway mark of a game. Many sportsbooks will offer updated odds on the second half of a game. These lines are not put out until the first half is complete and are reflective of how the first half of play went.
Handicapper: This is someone who bets on sports.
Hedging: This is when you place a wager against yourself on the other side of the contest to lock up profit or minimize your potential loss. Hedges are most popular with futures bets but can be done with in-game betting as well.
High Roller: This is the term given to someone who bets large amounts on games.
Hot Game: This is a game that is taking a lot of action from skilled/sharp sports bettors.
Hook: This is a slang term for a half point on a point spread. For example, if the spread is -3.5, you might say that they are laying three and a hook.
In-Game Betting: This is the ability to bet on a game while it is going on. This has become much more popular with online sports betting thanks to technology.
Juice: This is a term for the commission that the sportsbook is taking on each bet that they take. It can also be used to refer to interest on a loan with a bookie.
Laying the Points: This is when you take the favorite in a point spread bet.
Layoff: This is the money bet by a sportsbook with another sportsbook to cover an imbalance in action.
Limit: This is the maximum that a sportsbook will allow you to bet on a particular sporting event. This is not a per-bet limit. For example, if the limit on a game is $5,000, the most you can bet on that game is $5,000. You can't make multiple $5,000 bets, as it's not a per-bet limit but a total limit.
Lines: This is another term for the odds. If you say you are going to check the lines, you are looking for the odds or spreads that are put out by the sportsbook.
Line Shopping: This is a term for comparing the lines at multiple sportsbooks to find the best odds possible. It is very common for different sportsbooks to have different odds on the exact same bet due to the action that they are receiving from their customer base. This is a must-do for serious sports bettors who care about their profits.
Lock: This is a term given to a sports bet that is said to be a sure thing. Contrary to popular belief, there are no such things as sure things in sports betting.
Longshot: This is a term for the team or contestant that has very little chance of winning a particular contest. This term is very popular in racing where you have multiple people or animals vying for a win.
Middle: This is when a sports bettor attempts to take advantage of a line movement to potentially win two sides of a bet. For example, let's say that a team is +3 to win a bet. If that line moves to +5, they sports bettor can bet the other team. Now, if the game ends with the first team losing by exactly 4 points, the sports bettor will win both bets. If it goes one way or the other, the sports bettor will break close to even minus the juice on the bet.
Moneyline: This is a sports bet where you only need your team to win the game to win. It does not matter by how many points or in what manner they win.
Off The Board
- When a bookie closes open betting for an event.Oddsmaker
- The one that determines the odds of a sporting event.One Dollar
- Another gambling betting slang term for wagering $100.Opening Line
- The initial betting line made public by a bookie for a sporting event.Over
- A bet placed on the total scores of both teams in a sporting event combined. Typically, bets are made that it will be above a specified total amount.Parlay
- Betting on two or more teams at a time. All teams must win in order to receive the highest payout. If one team loses, it is considered a loss.Pick ‘em
- An event where no side of a sporting event is favored to win. Sometimes called a ‘Pick'.Point Spread
- Using the handicap chosen by the bookmakers, this determines how much will be awarded to winning bets.Press
- Betting in an amount that is far higher than a typical wager.Price
- Determined by the point spread or the odds given on a moneyline.Sports Gambling Terms And Phrases
Prop (Proposition) Bet
- Betting on two or more outcomes that have nothing to do with an event's final score or winning team. They tend to be placed on specific players, an entire sport, political occurrences, celebrity gossip, and related things.Push
- This occurs when no one wins a wager. Wagers in this case are returned.Quarter Line (1Q, 2Q, 3Q, 4Q)
- Any bet placed on a specific quarter in a basketball or football game.Reverse Bet
- This occurs when two IF bets are placed.Risk
- The amount that is bet on a particular sporting event.Round Robin
- A style of tournament that allows many parlays to occur at the same time.Run Down
- A summary of the betting lines determined for a specific date, sport, or time.Run Line
- Particular to Baseball, this is their version of a Point Spread.Sharp
- A gambling term for professional or highly experienced bettors.Sides
- The teams in a sporting event.Single
- A simple wager.Sportsbook
- Much like a bookie, any company accepting bets, in this case on sporting events.Spread
- A short reference used in the same fashion as a Point Spread. Usually posted by the line maker, this is determined by the odds of the outcomes of a sporting event.Square
- Someone new to betting on sports.Standard Line
- When a betting line is -110 for all sides. Standard lines have 10% juice.Steam
- When a betting line changes and is reposted because of how popular it is among bettors.Stake
- The specific amount of a placed bet.Staight Bet
- A bet placed on a single sporting event.Straight Up (SU) Bet
- When a bet is won despite the point spread. This is commonly known as a moneyline wager as well.Sweetheart Teaser
- A teaser which brings together 3 or 4 football or basketball bets and allows for gamblers to adjust their total and point spread in their favor.Taking The Points
- Wagering on the underdog in the Point Spread.Taking The Price
- Wagering on the underdog in the Moneyline.Teaser
- A parlay that allows for an increased point spread or total in exchange for reduced payout odds.Ticket
- Used interchangeably with wager because real world sports betting used to involve giving tickets as proof of a wager. Many still do, such as horse races!Tie
- Also known as a Push. Risk amount of wager is returned to the bettor.Total
- The score of both teams in an event combined, including any overtime.Totals Bet
- A bet made on the total score of both teams added together.Tout
- Someone selling services as a sports handicapper.Under
- A bet on the sum score of all teams in a sporting event with the Total amount being under a certain value. The opposite of an Over.Underdog
- Any team expected to lose an event. Also called the 'dog'.Value
- Getting the best possible odds on a wager.Vig or Vigorish
Sports Gambling Terms Explained
- A bookmaker's commission. Also called the 'juice,' which is assumed to be at least 10% on a losing wager.Wager
- Risking money on the outcome of an event. Also called a bet.Wise Guy
- A highly successful sports bettor.You're Now a Sports Betting Terms Definition Master!
With the knowledge you've gained here on gambling terms for sports, slang for gamblers, and betting terminology, you're now fully equipped to bet like a Wise Guy, beat the Spread, and walk away a winner with any Bookie you happen to Wager with. Best of luck in your Sports Betting!Before we get started if you're interested in seeing these glossary terms in action feel free to visit these sports betting strategy pages. In these guides, we'll share our expert tips and tricks for understanding and effectively using these different terms.
Glossary
Action: This is when you have a bet on a game, match, race, or season.
Against the Spread (ATS): This is a statistic that tells you how well a team does against the spread. If a team has covered the spread (outperformed the sportsbook's expectations) in five games, you would say they are 5-0 ATS.
Backdoor Cover: This is when you think you're certain to lose a bet, but something wild happens at the end of the game, getting you to cover the point spread and win your bet.
Bad Beat: This is when you lose a bet that you feel like you should have won. Most likely, you will hear this term when something happens in the game unexpectedly to cause you to lose almost a certain bet. For example, if a team fumbles the ball while kneeling down to win, and the other team scores to make you lose your bet, that's a bad beat.
Beard: This is someone who places a bet for another person. Sportsbooks will often not take action from very sharp (good) bettors, which forces them to use beards (also known as runners) to place their bets for them.
Book: This is an abbreviated term for sportsbook.
Bookie: This is a person who illegally accepts bets. Basically, it's someone who operates as their own sportsbook.
Buying Points: This is when a sportsbook allows you to shift a spread by giving up some payout odds. For example, if the point spread is +4, but you want it to be +5, you can do this at some sportsbooks. But since your bet is becoming more likely to win, you won't be paid out as well.
Chalk: This refers to the favorite in a particular game, match, or race. If you bet on the chalk, you are picking the favorite who is expected to win.
Circle Game: This is a game where the sportsbook has lowered the wagering limits due to injuries, weather, or other conditions that have made things more difficult on the linemakers.
Closing Line: This is what the odds are when the sportsbook stops taking action.
Cover: This is the term used when a team outperforms the spread betting line. For example, if a team is +3 (3-point underdogs), and they end up losing the game by 2 points, it is said that they covered. List of las vegas casinos. It does not matter if they win the game or not; they only have to outperform the spread line.
Dime: This is a term for $1,000. If you say that you bet five dimes on a game, you bet $5,000.
Dog: This is an abbreviation for the underdog, the team that is expected to lose. If you bet on the dog, you should expect to get paid better than even money.
Double Bet: This is a wager twice the size of someone's normal bet. For example, if you normally bet $20 on games, a double bet would be a $40 bet. This is popular when people have a strong prediction on a game or when they're trying to chase their losses.
Edge: This is an advantage in a bet. When you place a bet that you think has value, you are betting that you have an edge.
Even Money: This is when the odds are 50-50, and you stand to win the exact same amount of money you bet. For example, if you bet $20 at even money, your profit for a correct pick would be $20.
Exposure: This is the amount of money a sportsbook stands to lose on a particular game, match, or race. Sportsbooks manipulate lines to try and limit their exposure as much as possible.
Exotic: This is any other bet outside of a straight bet or a parlay. It is another term for prop bets.
Favorite: This is the team that is expected to win a game, match, or race. If you bet on a favorite, you should expect to get paid out worse than even money.
Fire: This is a slang term for making a bet. You can say that you're going to 'fire on the Cowboys' if you're going to make a bet on the Cowboys.
First Half Bet: This is a wager that you make only on the first half of the game. The end result of the game does not matter. The only thing that matters is the result after the first half of play.
Fixed: This is the term to refer to a game where someone has cheated. Basically, if the 'fix is in,' the game has been set to have a certain outcome. This is what happens during sports betting cheating scandals.
Futures Bet: This is a bet on something that is going to occur in the future and is not going to be determined by just one game. For example, if you bet on the champion, division winner, or tournament winner, that would be a futures bet. The team would have to win multiple games to win this bet.
Getting Down: This is a slang term for making a bet.
Grand Salami: This is the total goals scored by every hockey team in a particular day or runs scored by every baseball team.
Halftime Bet: This is a wager that is made at the halfway mark of a game. Many sportsbooks will offer updated odds on the second half of a game. These lines are not put out until the first half is complete and are reflective of how the first half of play went.
Handicapper: This is someone who bets on sports.
Hedging: This is when you place a wager against yourself on the other side of the contest to lock up profit or minimize your potential loss. Hedges are most popular with futures bets but can be done with in-game betting as well.
High Roller: This is the term given to someone who bets large amounts on games.
Hot Game: This is a game that is taking a lot of action from skilled/sharp sports bettors.
Hook: This is a slang term for a half point on a point spread. For example, if the spread is -3.5, you might say that they are laying three and a hook.
In-Game Betting: This is the ability to bet on a game while it is going on. This has become much more popular with online sports betting thanks to technology.
Juice: This is a term for the commission that the sportsbook is taking on each bet that they take. It can also be used to refer to interest on a loan with a bookie.
Laying the Points: This is when you take the favorite in a point spread bet.
Layoff: This is the money bet by a sportsbook with another sportsbook to cover an imbalance in action.
Limit: This is the maximum that a sportsbook will allow you to bet on a particular sporting event. This is not a per-bet limit. For example, if the limit on a game is $5,000, the most you can bet on that game is $5,000. You can't make multiple $5,000 bets, as it's not a per-bet limit but a total limit.
Lines: This is another term for the odds. If you say you are going to check the lines, you are looking for the odds or spreads that are put out by the sportsbook.
Line Shopping: This is a term for comparing the lines at multiple sportsbooks to find the best odds possible. It is very common for different sportsbooks to have different odds on the exact same bet due to the action that they are receiving from their customer base. This is a must-do for serious sports bettors who care about their profits.
Lock: This is a term given to a sports bet that is said to be a sure thing. Contrary to popular belief, there are no such things as sure things in sports betting.
Longshot: This is a term for the team or contestant that has very little chance of winning a particular contest. This term is very popular in racing where you have multiple people or animals vying for a win.
Middle: This is when a sports bettor attempts to take advantage of a line movement to potentially win two sides of a bet. For example, let's say that a team is +3 to win a bet. If that line moves to +5, they sports bettor can bet the other team. Now, if the game ends with the first team losing by exactly 4 points, the sports bettor will win both bets. If it goes one way or the other, the sports bettor will break close to even minus the juice on the bet.
Moneyline: This is a sports bet where you only need your team to win the game to win. It does not matter by how many points or in what manner they win.
Mush: This is a slang term given to a sports bettor who is bad luck.
Nickel: This is a slang term that means $500. If you say that you bet a nickel on a game, you bet $500.
Oddsmaker: This is a person who works for the sportsbook and sets the lines on the games.
Off the Board: This is when a bet is taken down, and the sportsbook is no longer taking action on it.
Over/Under Bet: This is a wager on either side of a totals number. For example, if the sportsbook thinks 45 points will be scored in a game, you can bet if there will be over that many points or under that many points. If you are correct, you win your over/under bet (sometimes referred to as a totals bet).
Parlay: This is when you link two or more individual bets together into one single wager. You must win all of your individual bets for you to win your parlay. One incorrect selection means you lose the entire ticket. Parlays pay out a high win amount for a smaller monetary investment.
Pick ‘Em: This is a game with no favorite or underdog. Basically, the sportsbook is saying that each team has an equal chance to win the game. The point spread is zero points.
Pleaser: This is when you wager several games (in a parlay-style format), except all of the point spreads are shifted by usually 6, 6.5, or 7 points in the sportsbook's favor. So, if a team is usually -3, they are now -9 on your ticket. These are used in situations where you see several lines that are extremely off. As you might expect, pleasers pay out extremely well but are very tough to win.
Point Spread: This is the number of points that the sportsbook determines a particular team will either win or lose the game by.
Press: This is a term that means to bet more than you usually do. Usually, bettors press when they are on a good run and looking to capitalize or when they are losing and looking to find a way to get even.
Proposition Bet: This is a bet (sometimes known as a special or exotic) that involves betting on whether or not something proposed will happen during a sporting contest. For example, betting on what the coin toss will be or if a certain player will score the first touchdown are prop bets. These are sometimes offered on events and sometimes not depending on where and what you are betting. The most popular prop bet event is the Super Bowl.
Push: This is a fancy word for a tie. If you push your sports bet, your money is returned to you.
Runner: This is someone who makes bets on behalf of someone else. Sharp sports bettors often have their action refused, so they have to use runners to make their bets for them.
Sharp: This is the term given to a sports bettor who is very good and knows how to win. Your ideal goal in sports betting should be to become a sharp.
Spread: This is an abbreviated term for point spread.
Square: This is the term given to casual bettors who are not using extensive research or predictive models/formulas to make their wagers.
Steam: This is when a sports betting line moves unusually fast. A lot of times, this is a result of several big bets (maybe from a betting syndicate) coming in at once or a heavily-followed bettor publishing their pick and their followers jumping on it all at once.
Straight Up: This is a slang term for taking the moneyline bet where the point spread does not matter. If you say you are taking a team straight up, it means you took them on the moneyline, and all you need them to do is win the game. You do not care by how many points or in what fashion they win.
Teaser: This is a parlay-style bet similar to a pleaser except all the lines shift 6, 6.5, or 7 points in your favor. For example, if one of the teams on your teaser is normally +4, you now have them at +10. These are much easier to hit than parlays or pleasers, so expect not to be paid out as handsomely.
Ticket: This is another term for a sports betting wager. When you bet in a brick-and-mortar location, they print you out a 'ticket,' which is a slip of paper with your betting information on it. This is what you turn in to collect your winnings. Online, tickets are digital.
Total: This is the number of points the sportsbook expects each team or both teams to score in a particular game. While it can be used for each team individually, it's commonly used for both teams combined in a game. For example, if you say the total is 42 in the Patriots and Giants game, this means that they expect 42 points to be scored cumulatively. It does not matter which team scores the points. They can all be scored by one team or be scored equally by both teams.
Tout: This is a person or group that sells or gives away their sports betting picks.
Underdog: This is the team or player that is expected to lose a particular sporting contest.
Vig: This is a word for the percentage the sportsbook (or house) takes from each bet as their commission for facilitating each bet. It can also be used to refer to interest on a sports betting loan.
Wager: This is another word for a bet.
Welch: This is when someone refuses to pay on a bet that they knowingly lost. You can say that someone welched on a bet, or you can also say that someone is a welcher. This is something you never want to be and never want to have to deal with.
Wiseguy: This is another slang term for a sharp bettor who knows what they are doing.
Sports Gambling Terms
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