A |
|
ACTION |
ANY KIND OF SPORTS WAGER (A BET) |
ATS |
AGAINST THE SPREAD”- THIS WOULD BE TAKING POINTS ON A GAME RATHER THAN GIVING POINTS ON A GAME WHICH WOULD BE CALLED “WITH THE SPREAD |
B |
|
BOOK OR BOOKIE |
A BOOK IS AN ENTITY THAT ACCEPTS BETS WHILE A BOOKIE IS A PERSON WHO ACCEPTS BETS. A BOOK OR BOOKIE TYPICALLY CHARGES A FEE FOR ACCEPTING A BET. THE TYPICAL FEE (OR “JUICE” OR “VIG’ OR VIGORISH”) IS 10% OF THE AMOUNT OF THE [LOSING – OR JUST SIMPLY:] BET. A PROFESSIONAL BOOKIE DOES NOT SEEK TO WIN BETS; THE BOOKIE WANTS AN EQUAL AMOUNT WAGERED ON BOTH SIDES OF A BET AND MAKES HIS MONEY IN THE FORM OF THE “VIG” COLLECTED. |
B.R. |
BANKROLL |
BAD BEAT |
TOUGH LOSS |
BEARD |
MESSENGER BETTOR |
BEEF |
DISPUTE |
BRAGGING RIGHTS |
SOMETHING ONE EARNS BY BEING BETTER THAN HIS/HER PEERS. WHETHER JUST FOR FUN OR MAKING A FEW DOLLARS THIS IS A GREAT THING TO HAVE. EXAMPLE: TO YOUR OBNOXIOUS BROTHER-IN-LAW OR KNOW-IT-ALL CO-WORKER IN FRONT OF OTHERS: “WELL, I PICKED 14 GAMES RIGHT THIS WEEKEND. IS IT TRUE YOU ONLY GOT 3? WHERE ARE YOU GETTING YOUR INFORMATION – THE SWAM?” |
BUCK |
$100 |
BUY POINTS |
THE ACT OF BUYING (FOR AN ADDITIONAL PRICE) A HALF A POINT OR MORE TO YOUR ADVANTAGE IN A POINT SPREAD GAME. AN EXAMPLE WOULD BE TO BUY A HALF A POINT IN A SPREAD GAME OF 2.5 POINTS. YOU NOW HAVE 3 POINTS SO IF YOU LOSE BY 3 POINTS YOU WOULD PUSH AND NOT LOSE. IF YOU BUY 1 POINT, YOUR NEW SPREAD WOULD BE 3.5 POINTS AND YOU WOULD WIN IF THE OUTCOME WAS DECIDED BY A FIELD GOAL. |
C |
|
CHALK |
THE FAVORITE |
CHALK EATER |
ONE WHO MOSTLY PLAYS FAVORITES |
CHURN |
THE EFFECT OF BETTING AND RE-BETTING MONEY |
CIRCLE GAME |
GAME WHERE ACTION IS LIMITED DUE TO UNCERTAINTIES ABOUT WEATHER, INJURIES, ETC. |
COVER |
WIN BY MORE THAN THE POINT SPREAD |
D |
|
DEGENERATE |
COMPULSIVE GAMBLER |
DIME |
$1,000 |
DOG AND DOG BETTOR |
DOG IS ANOTHER TERM FOR THE TEAM NOT FAVORED TO WIN AND A DOG BETTOR IS ONE WHO USUALLY PLAYS THE UNDERDOG |
DOLLAR |
$100 |
E |
|
EARN |
PRACTICAL HOLD PERCENTAGE |
EDGE |
ADVANTAGE IN SPORTS BETTING, BASED ON SUPERIOR KNOWLEDGE, EXPERIENCE, ANALYSIS AND/OR INSIDE INFORMATION. EVERY BETTOR IS SEEKING AN EDGE. |
EVEN MONEY |
A BET WHERE NO FEE OR “JUICE” IS CHARGED BY THE BET TAKER. MOST OFTEN A “FRIENDLY” BET WITHOUT A BOOKIE |
EXOTIC BET |
ACTION OTHER THAN A STRAIGHT BET OR PARLAY. |
EXPOSURE |
THE AMOUNT OF MONEY THE HOUSE ACTUALLY STANDS TO LOSE ON A GAME OR A RACE. |
EXTENSION |
THE AMOUNT OF MONEY THE HOUSE THEORETICALLY WILL RISK LOSING ON A GAME OR A RACE. |
F |
|
FAVORITE |
THE TEAM THAT IS EXPECTED TO WIN |
FIGURE |
AMOUNT OWED BY OR TO A BOOKMAKER. |
FIRING |
BETTING A LOT. A PLAYER WHO IS "FIRING" IS WAGERING LARGE SUMS. |
FLEA |
AN ANNOYING HUMAN PARASITE WHO WANTS SOMETHING FOR NOTHING; A $2 BETTOR WHO EXPECTS TO BE COMPED FOR HIS ACTION. |
FORM |
WHAT PERFORMANCE IS TO BE EXPECTED ACCORDING TO HOW A TEAM LOOKS ON PAPER |
FUTURE BET |
A BET ON A FAR DISTANT EVENT, USUALLY PROVIDING LONG OR HIGH ODDS. FOR EXAMPLE, SPORTS BOOKS ACCEPT WAGERS IN JULY ON WHICH TEAM WILL WIN THE SUPERBOWL IN THE UPCOMING SEASON: THE BRONCOS ARE 30-1 TO WIN THE 2007 SUPER BOWL, THE 49ERS ARE 500-1 TO WIN THAT
SUPER BOWL |
G |
|
GET DOWN |
MAKE A BET |
GROSS WIN |
WIN BEFORE EXPENSES |
H |
|
HANDICAPPER |
ONE WHO STUDIES SPORTS AND EXPRESS OPINIONS AS TO LIKELY RESULTS IN TERMS OF CONTEST OR RACE OUTCOME, EITHER “STRAIGHT UP” OR CONSIDERING ODDS OR THE SPREAD. ALSO KNOWN AS A “TOUT”. |
HANDLE |
TOTAL AMOUNT OF BETS TAKEN. |
HEDGE |
BET THE OPPOSITE OF YOUR ORIGINAL WAGER IN ORDER TO REDUCE THE AMOUNT OF ACTION YOU HAVE ON A GAME. |
HOLD |
THE PERCENTAGE THE HOUSE WINS. |
HOOK |
HALF POINT IN POINT SPREADS, AS IN "LOST BY THE HOOK." A HALF POINT ADDED TO THE BETTING LINE. |
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. |
J |
|
JUICE |
BOOKMAKER'S COMMISSION, MOST OFTEN REFERS TO THE 11 TO 10 FOOTBALL BETTORS LAY ON STRAIGHT WAGERS; COMMISSION A BOOKMAKER CHARGES ON A LOSING BET. GENERALLY 10%. ALSO KNOWN AS “VIG” OR “VIGORISH” |
L |
|
LAY A PRICE |
BET A FAVORITE, LAY THE POINTS. |
LAYING THE POINTS |
WHEN YOU BET THE FAVORITE AND GIVE UP POINTS |
LAYOFF BET |
A WAGER MADE BY ONE BOOKMAKER WITH ANOTHER TO HELP BALANCE HIS ACTION AND REDUCE HIS RISK ON ONE SIDE OR ONE HORSE. |
LIMIT |
MAXIMUM BET ACCEPTED BY THE HOUSE BEFORE THE PRICE WILL BE CHANGED. |
LINE |
THE BETTING PROPOSITION ON A GAME AND/OR PAYOFF ODDS ON THE BET. |
LONGSHOT |
LARGE UNDERDOG, THIS WOULD BE A TEAM THAT PRACTICALLY NO ONE EXPECTS TO WIN |
M |
|
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. |
MOVE THE LINE |
WHEN ONE PAYS AN EXTRA FEE TO THE BOOKIE TO GET A HALF POINT OR MORE IN HIS FAVOR ON THE POINT SPREAD |
N |
|
NEUTRAL SITE |
ARENA, COURT OR FIELD WHERE NEITHER SIDE HAS A HOME FIELD ADVANTAGE. |
NICKEL |
$500 |
O |
|
OFF THE BOARD |
GAME WHERE NO BETS ARE BEING ACCEPTED. |
OUT |
BOOKMAKER, USUALLY REFERS TO AN ILLEGAL BOOKMAKER. |
OVERLAY |
WHEN THE ODDS ON A PROPOSITION ARE IN FAVOR OF THE BETTOR RATHER THAN THE HOUSE. |
OVER/UNDER |
THE COMBINED TOTAL SCORE OF BOTH FOOTBALL TEAMS IN A GAME. IF THE LINE IS 37.5 YOU COULD BET WHETHER THE TOTAL POINTS WOULD BE 37 OR LESS (THE UNDER) OR 38 OR MORE (THE OVER). |
P |
|
PARLAY |
A BET WITH TWO OR MORE TEAMS WHERE ALL THE TEAMS MUST WIN FOR THE BETTOR TO BE SUCCESSFUL. A BET WITH TWO OR MORE GAMES IN WHICH ALL TEAMS THE BETTOR SELECTS MUST WIN OR COVER. A TYPICAL THREE TEAM PARLEY PAYS OUT AT 5/1 OR 6 /1. |
PAST POST |
TO MAKE A BET AFTER AN EVENT HAS STARTED. |
PICK or PICK'EM |
NEITHER TEAM IS FAVORED BY ANY POINTS. YOU’LL STILL PAY JUICE IF YOU LOSE |
PLAYER |
BETTOR, GAMBLER. |
POINT SPREAD/SPREAD |
THIS IS THE NUMBER OF POINTS THAT THE FAVORITE IS “GIVING” OR THE UNDERDOG IS “GETTING” |
PRACTICAL HOLD PERCENTAGE |
THE AMOUNT WON BY A BOOKMAKER DIVIDED BY THE TOTAL AMOUNT BOOKED. |
PRESS |
TO BET A LARGER AMOUNT THAN USUAL. |
PRICE |
LINE |
PUPPY |
UNDERDOG |
PUSH |
THERE IS NO WINNER OR LOSER IN THIS BET. IF YOU GAVE 3 POINTS AND YOUR TEAM WINS BY 3 POINTS IT IS A TIE. PARLEYS SOMETIMES HAVE DIFFERENT RULES IF ONE OR MORE OF THE SEVERAL GAMES IN THE PARLAY END AS A PUSH, SO BE CAREFUL! |
R |
|
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 |
SEE BEARD |
S |
|
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 |
SHORTSTOP |
A SMALL BETTOR. |
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. |
SIDES |
THE UNDERDOG OR THE FAVORITE AS IN “WHAT SIDE ARE YOU BETTING ON?” |
SQUARE |
UNSOPHISTICATED GAMBLER. |
STEAM |
HEAVY ACTION ON ONE SIDE. |
STRAIGHT BET |
A BET ON JUST ONE TEAM. |
SUCKER BET |
BET WITH A LARGE HOUSE EDGE. |
T |
|
TAKE A PRICE |
BET THE UNDERDOG, TAKE THE POINTS. |
TAPPED OUT |
BROKE, BUSTED, COMMON RESULT OF PRESSING. |
TEASER/DOYLE |
A BET WHERE YOU “BUY” POINTS ON 2 OR MORE GAMES AND THE PAYOUT IS LESS. LET’S SAY THAT A TEAM IS FAVORED BY 1 POINT. YOU CAN BUY 6 POINTS IN EITHER DIRECTION THEREBY GETTING 5 POINTS ON THE FAVORITE OR GETTING 7 POINTS IF YOU CHOOSE THE UNDERDOG.
|
THEORETICAL HOLD PERCENTAGE |
THE EDGE THE BOOKMAKER WOULD HAVE IF THE ODDS GUARANTEED HIM A CONSTANT COMMISSION REGARDLESS OF THE OUTCOME. |
TIE |
SAME AS A PUSH WHERE NO MONEY EXCHANGES HANDS |
TOKE |
A TIP OR GRATUITY. |
TOSS UP |
GAME WHERE THE LINE IS CLOSE TO PICK-EM. |
TOTAL |
THE COMBINED NUMBER OF POINTS SCORED BY BOTH TEAMS (SEE OVER/UNDER) |
TOUT SERVICE |
A BUSINESS THAT SELLS OPINIONS ON SPORTING EVENTS. |
TRIPLE SHARP |
THE SHARPEST OF THE SHARP. (NOTE: THERE IS NO SUCH TERM AS "DOUBLE SHARP"). |
U |
|
UNDERLAY |
WHEN THE ODDS ON A PROPOSITION ARE IN FAVOR OF THE HOUSE. |
V |
|
VALUE |
AN OVERLAY |
VIGORISH |
SEE JUICE |
W |
|
WISE GUY |
ESTABLISHED AND SUCCESSFUL SPORTS BETTOR. |
|
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