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Straight up usually refers to betting the money line. The opposite of laying the price or laying the odds. Taking odds means your betting on the underdog and accepting favorable money odds. Knowing the language is about more than just fitting in and sounding cool, however. A Accountant Slang for a bookmaker. Accumulator Another name for a parlay wager in which multiple bets are bundled together. Across the Board In horse racing , betting across the board refers to placing equal bets on a horse to win, place and show.
Action Having money riding on a bet. American Odds A style of expressing money odds most commonly used in the US. Arbitrage Arbitrage is a clever betting strategy that takes advantage of different betting lines at different sportsbooks. B Backdoor Cover When a team is trailing the point spread by scores enough points late in the game to cover the spread.
Backer Someone who is bankrolling a gambler from behind the scenes. Beard Someone who places a wager on behalf of someone else. Betting the Limit Wagering the maximum amount allowed by the casino or sportsbook. Betting Ring An organized group of professional gamblers working together.
Also called a syndicate. Betting Line The odds or point spread on a game or event. Bonus A special offer or promotion offered by a sportsbook where they give potential customers a free bet or bonus cash in order to entice them to sign up. Book A slang word for bookmaker or sportsbook. Bookie A person who takes bets. Bookie usually refers to an illegal bookmaker. Bust Going broke, bankrupt, losing your bankroll. Buying Points Sometimes gamblers are allowed to change the lines and odds set by the sportsbook.
C Canadian Line A combination of the point spread and the money line in hockey. Closing Line The official betting line set on a game or event before it begins. Consensus Pick Consensus pick refers to how the betting public as a group have placed their bets on a game. Cooler Someone who is thought to be bad luck. D Data Mining The practice of analyzing a large number of statistics in the hopes of discovering information that can help predict outcomes and performance.
Degenerate Someone with a gambling problem. The team that is predicted to lose. Double Action A bet that only plays if another connected bet that precedes it wins, ties or gets canceled. Dual Forecast A bet used in horse and motor racing whereby three racers are selected.
E Edge The advantage, real or perceived, that the gambler or the casino has on winning a bet. Exotic A special category of proposition bets that rely on specific outcomes other than which team wins the game. Exposure The total amount of money a sportsbook or casino stands to lose on a game or event. F Favorite The player or team that is deemed more likely to win.
Figure The amount owed either by or two a gambler or sportsbook. Fixed A game is said to be fixed if the outcome has been determined or influenced by unfair factors. Futures Bet A kind of proposition bet, a futures bet is usually made at the beginning of the season on which team will win the division or championship. H Halftime Bet Most commonly found in basketball and football, halftime bets are made after the first half has ended but before the second half has begun.
Handicapper Someone who predicts the odds of which team will win. Handle The total amount of money wagered on a game or event with a specific casino or sportsbook. Hedging Betting against your original bet in order to moderate your risk or guarantee a profit. High Roller Someone who makes lots of big bets.
Hook Half a point in a point spread. J Juice Another name for the commission on bets charged by the casino or sportsbook. Laying the Odds When you make a moneyline bet on the favored team you must accept worse money odds, known as laying the odds. Layoff When a sportsbook makes its own bets with another casino or sportsbook in order to moderate its own risk.
Limit The amount the casino or sportsbook will let you bet. Listed Pitchers A bet on baseball that only plays if both of the scheduled starting pitchers end up starting the game. Teaser Two-Team Teaser Teasers allow you to combine your bets on more than one game and even adjust the point spreads in favor of the teams you want to win.
Total Points Total The combined total points of both teams when the game finishes. Longshot A bet that is unlikely to win but has a big payout. M Mark Another name for a sucker. Money Line Betting the money line just means betting on which team will win the game outright. Moving the Line The same as buying points, this refers to when a gambler can trade better money odds for an extra half-point on the spread.
N Nassau A special golf bet that includes wagers on the front nine, the back nine and the entire match. Nickel Line A bet that has a 5 percent commission vig. No Action A bet that is canceled for any reason with the wager being fully refunded.
O Odds The chances of winning assigned to each team by a casino or sportsbook, often represented by the different payouts you get for winning bets. Off the Board When a casino or sportsbook removes a betting line or option shortly before the game begins. Outlaw Line The earliest line set for a game or event which is only open to an exclusive group of gamblers.
P Parlay These are special bets that include two or more different wagers, usually on multiple games. Press Pressing your bet means betting more than your normal amount. Price Another name for the odds or point spread. Puckline Puck Line In hockey, the puckline combines a 1. Punter A gambler. Punter often implies the bettor is a recreational gambler and not a professional. Push Another name for a tie.
R Risk-Free bet This term refers to when a registrant signs up with a sportsbook and places their first bet. Runner A person who makes a bet on behalf of someone else. Also called a beard. Runline Run Line A Sharp A professional gambler.
Spread Another way to say point spread. Square An inexperienced, recreational gambler. Steam Slang for when a betting line is moving up because lots of bets are being made on it. Store Slang for a sportsbook or casino that offers sports gambling. Straight Up Winner A straight up bet means you just need the team to win the game outright as opposed to covering a point spread.
Syndicate An organized group of professional gamblers working together, also called a ring. Taking the Price Taking Odds The opposite of laying the price or laying the odds. Ticket A bet or wager. Trends Analyzing past statistics to try to predict future outcomes. U Underdog The team that is predicted to lose the game. V Value Your equity or edge on a bet. Usually used to refer to particularly good lines or odds. W Wager Another name for a bet.
More Useful Betting Guides. Both teams are equally favored to win the contest. Sharp Bettor: A very smart bettor who is respected by the bookmaker because of their skill. Also called wiseguys, sharps, professional bettor. Square Bettor: A casual gambler. This group typically places bets on heavily televised games and loves favorites and overs. Steam Move: A quick and uniform line move across every sportsbook. Usually caused by an injury or deep-pocketed sharp bettor. Tout: Someone who sells their picks to the public to make a profit usually a fraud.
Sports Betting Terms and Glossary Arbitrage: A risk free combination of bets where the bettor is guaranteed a profit. Chalk: Betting the favorite. Fade: Generally means to bet against a certain team or handicapper. Follow: Generally means to bet with a certain team or handicapper. Handle: The total amount of money bet. Juice: See Hold. Margin: See Hold. Scalping: See Arbitrage. Vig: See Hold.