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Across
the Board: Method of wagering on a horse to win, place
and show.
ACTION: Any bet or wager.
All-in: No refunds given for scratched or
withdrawn sides in an event where a bet is placed. Should an
event be cancelled, and then the amount bet will be refunded.
Anti Post: A bet that is placed on a future
event. Taking an Ante Post price means you will lose your money
if your selection does not take part in the event.
Bad Beat: Tough loss
Bankroll: Gambling money.
Beard: A messenger bettor/punter.
Bettor: The US term for person placing a
bet.
Board: Where betting odds and other
information is displayed.
BOOK: A sports book or betting establishment
that sets odds and accepts wagers
on the outcome of sporting events.
Bookmaker: Someone who accepts a bet. Also
known as bookie.
Box: A combination bet whereby all possible
numeric combinations are covered.
BUCK: $100; also known as Dollar.
Buy: A bettor pays an additional price to
receive half a point or more in his favor on a point spread
game, to give away fewer points with the favorite or get more
points with the underdog.
Chalk: Favorite
Circled Game: Game where the maximum bet is
restricted, usually due to injuries, betting action is limited.
COVER: When the team wins by more than the
point spread.
Credit Bet: A bet accepted by a bookmaker where
not cash has been deposited.
Daily Double: Type of wager calling for the
winner of two consecutive races.
DIME: $1000
DIME LINE: A money line (no point spread
involved) in which the vigorish
or bookie's juice amounts to 10 percent.
DOG: The underdog, or the team getting points.
Dog Player: Bettor who mostly plays the underdog.
DOLLAR: $100; also known as Buck.
Doubles: A twin bet on two separate specified
events or two parts of the same event.
A form of parlay or accumulator.
Double Bet: A wager for the twice the size of one’s
usual bet.
Draw: result where the scores are the same at
the end of play.
This is also known as a 'Tie'.
Edge: Advantage
Even Money: Odds of 1 to 1. No juice or
vigorish is laid.
Exotic Bet: Action other than a straight bet –
for example, parlays, teasers, if bets, reverses, round robin,
etc
Favorite: Team, horse or competitor most
likely to win as determined by the odds.
Field: All the individual competitors in an
event.
Fixed Odds: Unchangeable odds at the time of
wager.
Futures Bet: Bets placed in advance.
Get Down: To make a bet
Handicapper: One who sets handicaps by studying
sports and predicting outcomes?
Hoops: Basketball
Hot Tip: Information the bookmaker is not yet
privy to
Juice: 10% added onto a bet if you lose. The
bookmaker’s commission,
also known as “vigorish” or “vig”
Lay a Bet: A bookmaker accepting a bet.
Lay The Points: Bet a favorite “lay a price”.
Limit: Maximum bet accepted by the house
before the price and/or odds will be changed. Also the “cap”
on what the bettor can personally wager.
Lines: Another word for odds.
LOCK: A term meaning can't lose.
(There is no such thing)
Long shot: A team that according to the odds is
unlikely to win.
Margin: The amount a competitor in an event
finishes in front of another competitor.
Middle: When both sides of a point spread
proposition win.
Money Line: Amount you must bet to win 100 or the
amount you win if you bet 100.
Multiples: Picking the winners of more than
one event, where a wager is place on more than one outcome and
the stake and winnings of the first selection will be rolled
over onto the second selection and so on.
MVP: Most Valuable Player.
NICKEL: $500
Oddsmaker: The person who establishes the
original and subsequent betting lines
and odds. Also referred to as a line maker.
Official Line: Line that the bookmaker uses for
wagering purposes;
the line offered to the bettor.
OFF-THE-BOARD: A game in which the sports book is
not taking wagers on.
Over/Under: A wager for the total score of
both teams.
Outlaw Line: An early line that is not an
official line. Often offered to specially
selected bettors before the official line is offered to the
public.
Parlay: A bet on 2 or more teams, all teams must
cover.
In the event of a push or a game cancellation, the parlay
reverts to the next lower.
Pick: A game where no team or betting option
is favorite.
Place Bet: Bet to finish first or second.
Player: Bettor or gambler
Point Spread: The amount of points which the
favorite gives to the underdog
for betting purposes.
Press: To bet a larger amount than usual
Price: The odds, line or pointspread.
Pointspread: The points given to the underdog to
level the odds with the favorite.
The bookmaker gives odds to the underdog for betting purposes
only.
The favorite is indicated by a minus sign and the underdog by a
plus sign.
Also called the “line
Post Time: The scheduled starting time.
Proposition Bet: A wager on a particular aspect of
the game, such as who will score first.
Push: A game which, with the pointspread, is
tied or
when the combined scores of the two teams tie the total.
Return: Your total winnings on a bet.
Round Robin: A series of parlays. A three team
round robin consists
of three two-team parlays.
Run Line: A line used when wagering on
baseball.
Score: To win a lot of money
Scratch: Withdraw; cancel
Show: Bet a horse to come in third place.
Sportsbook: The person or group that accepts
bets.
Spread: An abbreviated form of pointspread
Straight Bet: The team wagered on must win by
the point spread given at the time
of the wager.
Sucker Bet: Bet with a large house
edge.
Teasers: Two or more teams or propositions in
which additional points are either added
to the underdog or subtracted to the favorite.
Tie: A push, stand-off or a draw.
Tip: Advice as to the probable winner
of an event.
Total: The combined number of points/goals scored
by two teams.
Tout: Someone who sells his opinions on
sports or horse wagering.
Also called “handicapper”.
Under Dog: The outsider in a betting
opportunity.
Value: Getting the best odds on a betting
proposition, the highest possible edge.
VIGORISH: The Vig, juice or commission taken
out by the sports book for accepting
the bet, usually 10 percent.
WAGER: Any Bet.
Win: A bet to finish in first place.
WISE GUY: A sophisticated bettor.
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