A term used by some players for bookmaker, i.e., bookie.AceUsed to describe a person who is trustworthy.
An acronym for the American Football Conference in the National Football League (NFL).
A wager is deemed “action” once it is valid. An example of “no action” would be a baseball game being rained out in the first inning, rendering it invalid. Also, referring to the total amount wagered within a specific time period. For example, 10 bets of $20 each amounts to $200 in action.
A middleman who places players into a sportsbook for a commission.AheadA point during play where the player is winning, i.e., the value of his wins exceeds his losses.
UK term for betting tax.
A hockey line expressed as goals (as opposed to a money line).
Any questionable deception or ruse by a player to unduly influence the outcome and thereby increase his expectations. A player with an angle, even though technically legal, is not often welcome among polite company.
A variation in odds that enables a player to back both sides and guarantee a win.
Meaningless points scored to cover the spread, by a team that is likely to lose.
A person or group of persons who provides the bankroll for a particular player but remains behind the scenes.
A tough, unforeseen loss when an underdog hand surprisingly wins the pot against the odds against seemingly better hands. This term is often used to imply that the winner of the pot had no business being in the pot at all, or to suggest dumb luck played a large part in the win. This term may also be applied to a situation where winning points are scored against a wager in the dying seconds of a game, or the favored horse loses by a nose, after leading all the way.
A gaming establishment or player that acts as the banker during a game or series of games and uses their own money to cover bets. The term also refers to a bankroll.
A punter’s “sure thing”, a lock. In permutation bets, the banker is a selection that must win to guarantee returns.
The total available wagering funds held by the player.
A playing system adopted by a player with the idea of optimizing his edge over the house in the longer term.
A person who places bets through another player to hide his identity from a sportsbook or odds-maker.
A dispute or claim involving a player and his bookmaker.
The amount of money a player voluntarily risks on cards, sports or other games. The bet can be in the form of cash, chips or vouchers. Also see, wager.
A person who places or has a bet (US). A bettor is also called a player in the US and a punter in the UK.
The ratio between the maximum and minimum bet size. A player who uses $50 maximum bets and $5 minimum bets is using a 10:1 bet spread.
The set minimum and/or maximum amount of money that the player can wager on a single bet. The player cannot bet less than the minimum or more than the maximum amount posted.
A loss of gains/profit after enjoying a plus in the winnings column.
A sportsbook or betting establishment that sets odds and accepts wagers on the outcome of sporting events. Also refers to a bookmaker’s tally of amounts bet on each event, and the odds necessary to assure him of a profit.
A short term for bookmaker, i.e., the person or shop accepting bets.
A (UK) person who is licensed to accept wagers on the outcome of various gaming events. Such wagers are based on odds provided to the player by the bookmaker. The equivalent term commonly used in the US is sportsbook.
Slang for odds of two-to-one in the UK.
An abbreviation for bankroll.
The point at which a player’s bets approximately equal the payoffs received.
A bet of $100 in US funds. A buck is also known as a dollar or a one dollar bet.
To buy points in order to change the point spread or over/under to the player’s advantage. Points are purchased on a half-point interval scale. For each half-point purchases, the juice increases by 10 per cent.
The higher figure quoted by an index bookmaker in spread or index betting.
A multiple bet consisting of 26 bets (10 doubles, 10 trebles, 5 4-folds and 1 5-fold) with 5 selections in different events (also known as a “Super Yankee”).
A hockey line expressed as a money line.
UK slang for odds of three-to-one. Also known as “tres” or “gimmel”.
The favored team, side, contestant or horse in a sports event.
A player who tends to wager only on the favorites, rarely on the underdogs.
A statistician who compiles records and writes comments describing the performance of each horse or player.
When the sportsbook limits the action it’s prepared to take on a particular event, usually due to uncertain weather, significant injuries or unconfirmed rumors regarding a contestant or team.
A sportsbook that moves lines to conform with other sportsbooks.
To bet the point spread by the required number of points. If a wager is made in this way, the player is said to have covered the spread and stands to win an event by more points than he laid, or lose by fewer points than he had taken.
A sportsbook customer who has been given an individual wager limit and can play against that limit on a credit basis. Normally, the credit player belongs to an agent’s package.
A term for a compulsive gambler.
A wager sum of $1000. Also known as a Dime Bet.
A slang term used to indicate the 10-cent money line or juice, i.e., the money line in which the bookmaker’s vigorish/vig/commission amounts to 10 per cent.
The sum of $100.00. Also known as a Dollar Bet.
Used in if-bet plays to specify win, tie or cancel.
Two baseball games on the same day between two teams. In racing, it is two racing performances programmed during one day.
A term referring to a contestant or team that is considered to be overdue for a win or loss in their next contest or sports event. Therefore, the “due for” wager is a favorite strategy of many players.
Practical hold percentage, i.e., the total amount won by a bookmaker divided by the total amount booked.
East Coast Line
A term used mainly in ice hockey, which has a split-goal line, e.g. The Detroit Red Wings favored over the Vancouver Canucks (1-1 ½) as opposed to a spread-plus-money line (-1/2 -180).
An advantage over an opponent or the house in any wager. It can also be the advantage the casino has on any given wager.
Even Money (General)
A bet that pays the player the same amount that he wagered plus his original wager. Shown as a ratio of 1:1. Neither side lays any odds.
Action other than a straight wager, e.g. teasers, futures, round robins, etc.
Expected to Win Rate
A percentage of the total amount of money wagered that a player can be expected to win or lose over time.
The amount of money the player or book stands to lose on any action.
The amount of money the book theoretically risks losing on an event.
The team, side, horse or contestant competing in any given event considered to have the best chance to win.
A wager for $50.
The last four teams in the annual NCAA men’s basketball championship tournament.FiringTo wager large sums of money.
A slang term referring to the outcome of a race, contest or game that has been illegally pre-determined.
Describes any dishonest gambling establishment or game.
A derogatory term describing players who wager little and expect something for nothing.
A slang term sometimes used to refer to the game of soccer. Also known as footy.
The expected performance of contestants or teams according to how well they look on paper.
A player’s deposit with the house in order to establish credit to place bets against that money.
A type of wager made, or lines/odds posted, on an event or outcome that will be determined in the future, for example on which team will win the Super Bowl. The player making the ante post or future wager often will enjoy better odds for having done so.
Make a wager.
A $1000 bill.
Losing a wager or series of wagers.
$1000. It can be in the form of a G-note, smaller bills, chips or vouchers.
A wager on the total number of goals scored in all of the hockey games (NHL) played in a single day.
A player who wagers small money.Gross WinWinnings before expenses.
A wager placed on the first or second half of a football or basketball game.
The official who decides the weights to be carried in events, and the grading of horses. Also, a person who analyzes, studies and rates sporting events.
Total amounts of wagers taken.
To wager the opposite of your original wager in order to reduce your exposure.
A big bettor.
Holding Your Own
The result of breaking even, i.e., neither winning nor losing, during a wager, or series of wagers.
Home Field Advantage
The edge the home team is expected to have as a result of playing on home turf. For example, the home team would normally be more familiar with the playing area, enjoy greater fan support and avoid the effects of travel endured by the visiting team.
Home Run Hitter
A player who makes big plays despite taking maximum risks.
The team playing in its own home town; it is usually listed below the visiting team.
A half-point added to football and basketball point spreads, as in 3.5, or 3 and a hook.
The loss of a wager by exactly a half-point.
Slang term referring to the game of basketball.
A player who is on a winning streak, or a slot machine that is paying out.
A game which is attracting a good deal of action, on one side, by skilled handicappers.
Wagering information/data not yet in the hands of the bookmaker.
Acronym for International Boxing Federation.
Intentional physical contact that obstructs or impedes the running of horses or players in a game.
The bookmaker’s commission. Often refers to the 110/100 players lay on straight wagers on football games. Juice is also known as vigorish or vig.
To raise the bet.
Layoff Wager (Bet)
A wager made by one bookmaker with another bookmaker to help him balance his action and reduce his risk.
Lay the Odds
To wager more money on a proposition than one hopes to win.
Lay the Points
A wager on a favorite in a point-spread event.
Lay the Price
A wager on a favorite in a money line event.
To lose part or all of one’s winnings due to questionable gambling habits. See also blow back.
The maximum wager accepted by the house or bookmaker before the odds, points or price will be changed. Essentially, it is a cap on the amount a player can wager.
Refers to the listed odds, points, money line or point spread for any given event.
The person who establishes the original and subsequent betting lines for an event.
Listed Pitcher (LP)
The pitcher or pitchers listed by Las Vegas odds makers as probable starting pitchers for a scheduled baseball game.
A derogatory term for an inexperienced, bad or loose player who has lots of money to lose. Also known as a mark, fish, provider and sucker.
Relatively small odds given that an event will occur.
An extreme underdog.
When you withdraw funds, the make-up figure is the amount you are required to deposit before you are eligible for bonuses again.
The annual NCAA men’s basketball championship tournament.
To win both sides of the same betting proposition. For example, placing a wager on the favorite team at 2 1/2 with one bookmaker, then taking +3 1/2 with another bookmaker. When the game ends up with the favorite winning by exactly three points, the player has “middled” the game. Middling is a favorite betting method of “wise guys”.
A player who tends to middle his bets.
An abbreviation for Major League Baseball.
Odds expressed in terms of money. It refers to the amount the player must risk to win $100, or the amount the player wins on a wager of $100. The team being wagered on simply has to win the game. Payoffs are based on true odds rather than fixed odds.
An abbreviation for National Basketball Association.
An abbreviation for National Collegiate Athletic Association.
An arena, court, ring, rink or field where neither side has a home-field advantage.
The lines which appear in various daily newspapers. These lines are only approximate and can be inaccurate and misleading.
An acronym for National Football Conference.
An acronym for National Football League.
An acronym for National Hockey League.
A $500 wager.
An acronym for National Invitational Tournament (college basketball).
The situation where no wagers can be accepted by the house because a game has already started. Also, all sporting events must be played on the date and site as scheduled unless otherwise specified. Any event postponed, rescheduled or moved to another site will automatically constitute “No Action”.
The person who establishes the original and subsequent betting lines for an event. Also known as the linesmaker.
Odds On Favorite
A horse, team or contestant so favored by the public that the odds for the event are less than even.
Off the Board
A game on which the bookmaker accepts no action.
The amount the Las Vegas point spread differs from the lines of other sports betting sites, which have derived their data from various computer-software systems.
The line the bookmaker uses for wagering purposes. The line produced in Las Vegas is often referred to as the official line; however the line the bookmaker offers the player is actually the official line. Many smart players compare the Las Vegas official line to that of their local bookmaker to ensure they get every possible edge.
A bookie (bookmaker).
An early line that is not an official line. Often, linemakers will invite specially selected players to wager into the outlaw line before entering the line to the public. The linemakers respect these experts and use their input to create a final opening number. This process is called ironing, or flattening, the line.
The continuation of a game that is tied at the end of regulation time, until a winner is determined or the maximum specified overtime periods have expired.
A wager on whether the combined total of the points/goals scored by two competing teams will exceed, or be less, than a specified number.
A term taken from the French language that means “betting among ourselves”. In practice, it amounts to making wagers in which winnings are taken from the total amount of money in play. Pari-Mutuel wagering ensures that the player cannot wager against the track, but only against the other players.
A combination or multiple wager on two or more teams. In order for the player to win a parlay, all of his selections must win in each game. If the game results in a tie, or is postponed or cancelled, the parlay is automatically reduced by one selection.
An accurate record of the performance of specific teams, horses or contestants when participating in sports events similar to those scheduled.
A money line which is adjusted in increments of one cent at a time.
An acronym for Professional Golfers’ Association.
A game where no team is favored. The player takes a pick and lays 11 to 10.
A point spread in which the team selected neither gets points removed nor added. It is equal to “zero”. In other words, you are “picking” the team to win.
A margin, in points or goals, given to an underdog taking part in an event, usually to give the underdog a head start. It is the predicted scoring differential between the contestants or teams concerned.
Post Up (Player)
A sportsbook customer who has deposited money with the house in the form of an active account and plays with that balance.
To wager a greater amount than usual.
Wagering winnings along with the original bet. A player is pressing a bet when he lets winnings ride.
The money line, odds or point spread on the favorite in a sports event. Also the pot odds a player gets in poker on a draw or call.
A branch of mathematics measuring the likelihood an event will occur. Probabilities are expressed as numbers between zero and one. The probability of an impossible event is zero, while an event that is certain to occur has a probability of one.
A wager on a specific aspect of an event such as the number of field goals, free throws, etc., that will be made during a game.
A wager on ice hockey that combines both a handicap/spread and odds.
Slang term for the game of ice hockey. Also, the disc-like object in ice hockey with which players try to score goals.
A tie hand between a book and a player where no money changes hands because the final score of a game is exactly the same as the point spread or total points (combined scores of both teams).
An event cancelled because of bad weather.
Refers to the number of times you need to wager funds before a withdrawal of funds in order to keep your bonus winnings.
A way to enter multiple parlays at one time. Allows you to select between three and eight picks and combine them in parlays of two to six teams (e.g. You can have three two-team parlays).
A read out of all of the lines to a customer by the sportsbook.
Refers to a baseball bet in which the bettor can either take the favorite (for example, -1.5 runs) or take the underdog (for example, +1.5 runs).
A term for a player on a losing streak.
A term for a player on a winning streak.
A golf tournament between American and European golfers that takes place every two years.
One who attempts to profit from the differences in odds, from book to book, by wagering both sides of the same game at different set prices.
To win a great amount of money due to successful wagering.
A person who studies the performance and potential of teams, horses or contestants, and reports the pertinent findings to handicapper(s).
To withdraw, cancel or call off a wager.
A wager placed on the second half of a football or basketball game.
A wise guy.
The odds for an event that has a good chance of occurring.
A term that refers to people who make small wagers.
The percentage of money bet on the point spread of the game, not on the actual outcome of the game.
The names of the two teams playing the underdog and the favorite.
To specify a win-only in an if-bet type wager.
Money wagered on sides by knowledgeable handicappers.
A wagering line that is not current with the true posted line; a line that has been adjusted or moved as a result of action but doesn’t reflect the true line as posted.
To play more loosely than one should.
A player who might wait for an unusually strong wager.
Short form for point spread on a game.
An abbreviated term for point spread.
A fixed betting structure in which a player may bet any amount, within a set range, on every betting round. A typical spread limit structure is $2-6, where a player may bet as little as $2 or as much as $6 on every betting round.
An unsophisticated player.
Money used to wager on the success or failure of a particular event.
Trophy awarded to the winners of the NHL championship series.
When a betting line on a selection starts to move quite rapidly, usually due to a rapid increase in the number of players wagering on it. Most steam games do not necessarily reflect the right side, but are sides where the majority of players have decided to focus their attention and action.
To be playing badly and wildly, often while emotionally upset.
Straight Bet (Wager)
A wager on a specific horse or team, in a single designated race or game, to win at the given odds. This is the simplest and most common bet. Also see Single Bet, and Win (Bet).
Straight Wager (Bet)
A single straightforward wager on a selected side, or over/under. The team wagered on must win by the point spread given at the time of the wager.
A depressing condition experienced by players who feel behind, buried, losing or down for the week, sometimes as a result of losing a substantial amount of money.
A player who has lots of cash, but lacks the basic skills to win. Also see, mark, live one, fish, and provider.
A wager that overwhelmingly favors the bookmaker or house.
An overtime period of play where the first contestant to score is declared the winner of the event.
NFL championship game.
A method of wagering that is usually based on a mathematical formula and is used by a player to get an edge.
Take a Price
A wager on the underdog in a money line event.
Take the Odds
To wager less money on a proposition than one hopes to win.
Take the Points
A wager on the underdog in a point spread event.
A bet on two or more teams where the line on each team is adjusted in favor of the player. Like a parlay, all selections must be correct for the teaser wager to payoff.
The money line difference (10 cents) between what a player lays with the favorite or takes back with the underdog.
The money line difference (30 cents) between what a player lays with the favorite, or takes back with the underdog.
When a game officially ends with neither side winning.
A game where the line is close to pick ’em; a game where no team, or betting option, is a clear favorite.
The total combined number of runs/points/goals scored by the two teams opposed in a sports event, including those scored in overtime.
A person who either sells or gives away his selections on games, races or contests.
A business that sells opinions of sporting events.
A very strong player who also happens to be a wiseguy.
A book that derives its numbers by taking the middle point between the numbers calculated by all other books.
Twenty Cent Line
The money line difference (twenty cents) between what a player lays with the favorite, or takes back with the underdog.
The team, side or contestant in any given event considered the least likely to win.
A bad bet. An underlay occurs when the odds of a particular wagering proposition are lower than they should be, i.e. they favor the house. In such circumstances, players often bet that an event will take place but without justification.
An overlay, i.e., getting the best odds on a wager.
A measure of the extent to which winnings and losses fluctuate over a period of time. Variance is not necessarily a measure of how well someone may play. However, the greater the variance, the greater the fluctuations between winnings and losses.
The fee or commission paid to a bookmaker (bookie) or taken by the house. Also known as Vig or Juice.
Acronym for a big bettor deemed worthy of full complementary treatment, i.e., RFB.
The team playing away from its home town; its name is usually listed above that of the home team.
Invalid with no result.
The amount of money a player voluntarily risks on a game. The wager can be in the form of cash, chips or vouchers.
An acronym for World Boxing Association.
An acronym for World Boxing Council.
A well-informed, knowledgeable and successful sports handicapper or player.
An abbreviation for Women’s National Basketball Association.
A best-of-seven championship playoff series to determine the best team in Major League Baseball.