Sports Betting Online >Terminology

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From: Mr. Sports Today

Glossary of Lingo for Betting Sports

1. Action - means having a wager or a bet.


2. Air Move - when a sportsbook changes the line on a game not in reaction to bets they receive but rather in response to another book changing their line


3. Angles - when you use past game results to predict future results


4. Against The Spread - means making a wager that will be decided by adding points to one team or the other after the game is played


5. Arbitrage - means making a combination of bets so that if one bet loses, another wins


6. Bar - to refuse someone from placing a bet in a given sportsbook


7. Beard - a person who makes bets for another person


8. Bet - to risk money on the outcome of an event


9. Bet Limit - maximum bet size accepted by any given sportsbook


10. Betting Exchange - a form of betting available on the Internet in which two parties are brought together to bet against each other


11. Bet To Win - a wager on an individual to win an event


12. Chalk - the favorite


13. Churn - the betting and re-betting of money


14. Circled - a game on which the book or bookie has placed a lowered maximum bet limit


15. Cover - to win against the spread


16. Credit Betting - betting without needing to have up front money on account to place a wager


17. Data Mining - means sorting through a large volume of data, usually statistics, searching for profitable situations to bet on the future


18. Dime Line - a line that charges only half of the juice of standard football bets


19. Dog / Fav Money Line Differential - the difference in money lines between the favorite's lay price and underdog's take back


20. Early Line - the first line posted for a game


21. Edge - the belief that you have an advantage when placing a bet


22. Even Money - betting a dollar to win a dollar without laying any juice


23. Exotic - a bet other than the more conventional side or total bets


24. Favorite - the team expected to win


25. Field - a group of the entrants whose odds are not individually listed to win an event, usually longshots


26. Flea - a small bettor who wants something for nothing


27. Front Running - following betting lines on a computer, and betting in the same direction of line moves


28. Futures - bets placed far in advance of the sports event


29. Gamble - to risk money on the outcome of an event


30. Handicap - to handicap is to analyze a contest and then to predict the outcome


31. Handle - total amount of money taken by sportsbooks from placed bets


32. Hedge - to bet the opposite of an original bet to offset the possible loss on the original action


33. Hook - the half point in a point spread


34. If Bet - allows you to link together two or more individual bets, similar to parlay


35. Juice -the amount charged by the bookmaker for taking bets


36. Line - used to even the odds of a particular sporting event


37. Longshot - a large underdog who is not expected to win


38. Matchup Betting - a bet based upon one individual competing head-to-head against another individual or a group of individuals


39. Middle - to have separate bets on competing teams and for there to be the possibility of winning both bets


40. Money Line - odds strictly on the straight-up game outcome with no consideration for a point spread


41. Odds - the likelihood of an outcome occurring, stated in number form


42. Off The Board - if a game is off the board, the sportsbook is no longer taking bets on it


43. Offshore Sportsbook - a sportsbook accessed online over the Internet that offers several betting advantages due to convenience and competitive lines


44. Opening Line - the first line posted for a particular sporting event


45. Over - to bet that the final combined score of both teams in a game will exceed the Over / Under total posted for betting purposes


46. Over / Under Bet - a bet on the combined scores or total points scored by both teams in a game


47. Parlay - a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together


48. Parlay Card- a set of sides, totals and prop bets printed on a card


49. Pick - any bet recommended by a handicapper


50. Point Spread - used to even the odds of a particular sporting event


51. Post-up Betting - betting from an already funded account


52. Power Ratings - numbers that handicappers assign to teams to estimate how likely one team is to beat the other and/or by how many points


53. Proposition Bets - additional, more exotic betting options on major sporting events


54. Public Money - betting action coming from unsophisticated bettors or squares who get information from newspapers and TV preview shows


55. Round Robin - a series of parlays


56. Side - to bet on a single team to win a game against the spread


57. Square - an unsophisticated gambler who uses the same information in the same way as everybody else does


58. Straight-up -winning straight-up means simply winning on the scoreboard without any regard to the point spread


59. System - using past game results to predict future results


60. Teaser - similar to parlay, a teaser bet is a single bet that links together two or more individual wagers but is different in that it also allows you to adjust the point spread of each individual wager


61. Total - a number set by a sportsbook for total points to be scored by both teams during a game


62. Trend - using past game results to predict future results


63. Under - to bet that final combined score of both teams in a game will fall short of the Over / Under total posted for betting purposes


64. Vig - the bookmaker's commission


65. Wiseguy - a successful bettor or handicapper whose insight comes from knowledgeable connections rather than his own handicapping

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