Sports Book Betting Guide at ilovesportsbetting.com

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Sports Betting Dictionary

A  |  B  |  C  |  D  |  E  |  F  |  G  |  H
I  |  J  |  K  |  L  |  M  |  N | O  |  P
Q  |  R  |  S  |  T  |  U  |  V  |  W  |  X  |  Y  |  Z



A

ACTIONThe amount of money being wagered on a game.
 
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B

BAD BEATA hard loss.
BOOKIEA person or organization that sets the
lines and books the bets in sports.
BANKROLLThe amount of money the player plans to gamble.
BEARDA messenger bettor. Someone who places bets on behalf of another person so that the bookmakers will not know the identity of the actual bettor.
BEEFA dispute.
BUCKA $100 wager.
 
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C

CHALKThe team favored to win.
CHALK PLAYERA person who usually wagers on the favored teams. A.K.A Favorite Freddie, chalk eater.
CIRCLE GAMEA game where the betting action is severely limited due to uncertainties about key injuries, inclement weather conditions, or unsubstantiated rumors regarding a team.
COVERTo win by more than the point spread
 
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D

DEGENERATEA compulsive gambler.
DIME BETA $1,000 wager.
DOGThe underdog in any betting proposition. A.K.A. Puppy
DOG PLAYERA person who usually bets on the underdog.
DOLLAR BETA $100 wager.
DOUBLE BETA wager twice the amount of one's normal wager.
 
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E

EARNThe practical hold percentage.
EDGEAn advantage.
EVEN MONEYA wager on which the odds are 1-1.
EXOTIC BETA bet other than a straight bet or parlay.
EXPOSUREThe amount of money the house will risk losing on a game or race.
EXTENSIONThe amount of money the house theoretically stands to lose on a game or race.
 
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F

FIGUREAmount of money owed to or by a bookmaker.
FIRINGWagering huge sums of money.
FLEAAn annoying person who wants something for nothing. One who expects to be comped for a $2 wager.
FORMThe performance expected of a team according to how they look on paper.
FUTURE BETBets accepted well in advance of the events.
 
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G

GETTING DOWNMaking a bet.
GOING DOWNLosing a bet or bets.
GROSS WINThe amount of winnings before subtracting the expenses.
 
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H

HANDICAPPERA person who studies sports and predicts its outcome.
HEDGINGBetting on the opposite side in order to cut losses or guarantee winning a minimal amount of money.
HOLDThe percentage the house wins
HOLDING YOUR OWNNeither winning or losing, just breaking even.
HOOKA half point in pointspreads.
HOOKEDLosing a bet by exactly one-half a point.
HOME FIELD ADVANTAGEThe edge the home team is expected to have as a result of familiarity with the playing area, fan support, and the effect of travel on the visiting team.
HOOPSAnother term for Basketball.
HOT GAMEA game that draws a significant amount of action on one side by knowledgeable handicappers.
HOT TIPInsider information that the bookmaker cannot divulge.
 
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J

JUICEBookmaker's commission, also known as the vig or vigorish.
 
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L

LAYING THE POINTSBetting on the favorite. A.K.A. lay a price
LAYOFF BETA bet made by one bookmaker with another in order to balance the action and reduce the risk on one side.
LIMITThe maximum bet accepted by a house or bookmaker before he changes odds and/or the points.
LINEThe listed odds on a game and/or payoff odds on the bet.
LINEMAKERThe person who establishes the original and subsequent betting lines.
LOCKA sure winner.
LONGSHOTA large underdog where the odds of winning is quite steep. Hence the term "Not by a longshot".
 
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M

MANThe Bookmaker.
MIDDLESTo win both sides of a game.
MONEY LINEThe odds expressed in terms of money.
NEUTRAL SITEVenue of a sporting event where neither side has a home field advantage.
NEWSPAPER LINEThe betting lines appearing in the daily newspapers.
 
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N

NICKELA $500 wager.
 
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O

ODDSMAKERThe same as a lines maker.
ODDS ON FAVORITEA horse, team or individual so favored by the public that the odds are less than even.
OFF THE BOARDA game on which no bets are accepted.
OFF LINESThe difference of amount the Las Vegas pointspread has compared with the computerized mathematical line.
OFFICIAL LINEThe line that the bookmaker uses for wagering purposes.
OUTAn illegal bookmaker.
OUTLAW LINEAn early line which is not an official line.
OVERLAYWhen the odds of a given proposition are more in favor of the bettor than the house.
OVER & UNDERA wager for the total score by both teams will more or less than the total posted by the sports book.
 
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P

PARLAYA bet with two or more teams where all the teams beat on must win in order for the bettor to win the wager.
PAST PERFORMANCEWhat has occurred previously to the forthcoming games.
PAST POSTTo make a bet after the event has begun.
PICK'EM GAMEA game where team is favored.
PLAYERA bettor, or gambler.
POINTSPREADThe amount of points the bettor must give to take on any given game.
POST TIMEThe scheduled starting time.
PRACTICAL HOLD PERCENTAGEThe amount won by a bookmaker divided by the total amount booked.
PRESSBetting a larger amount than usual.
PRICEThe odds or pointspread.
PROPOSITION BETA wager on a particular aspect of the game such as how many field goals will be made.
PUPPYThe underdog.
PUSHWhere neither team wins and all money is returned to the bettors.
 
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R

ROUND ROBINA form of parlay betting in which we wager various combining team wagers. A 3-team robin is team 1 to 2, 1 to 3, and 2 to 3. 4-team robin is team 1 to 2, 1 to 3, 1 to 4, 2 to 3, 2 to 4, and 3 to 4. 5-team, etc.
RUN DOWNA line update.
RUNNERA.K.A. Beard.
 
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S

SCALPERA person who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices.
SCORETo win big.
SCRATCHTo withdraw or cancel a wager.
SCOUTSPerson(s) who study team plays and/or practice and report findings to handicappers.
SIDEWinning one side of a wager and tying the other side.
SMART MONEYSides that are bet on by the more knowledgeable handicappers.
SPORT PLAYERA person who waits for what he thinks is an unusually strong wager.
SQUAREUnsophisticated gambler.
STARRating.
STEAMWhen heavy action occurs on one side.
STRAIGHT BETA bet on just one team.
STOREBookie.
STUCKBehind, losing, buried, down for the week
SUCKER BETBetting on the underdog.
 
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T

TAKE A PRICEBet the underdog, take the points.
TAPPED OUTBroke, busted, common result of pressing.
THEORETICAL HOLD PERCENTAGEThe edge the bookmaker would have if the odds guaranteed him a constant commission regardless of the outcome.
TOKEA tip or bonus.
TOSS UPA game where the line is close to pick-em.
TOUT SERVICEA business that sells opinions on sports or horse wagers.
TRIPLE SHARPThe sharpest of the sharp.
 
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U

UNDERLAYHaving the odds of a proposition lean in favor of the house.
 
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V

VALUEGetting the best available odds on a betting proposition
VIGORISHThe commission the bookmaker receives.
 
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W

WAGERAny Bet.
WISE GUYA sophisticated and successful sports bettor.


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