Sports Betting Glossary - NFL Betting Vocabulary

Gamblerspalace.com has created the following sports betting glossary to service all your sport betting needs. It has all the definitions for sports betting terms and the appropriate sports betting words or phrases for the gambling acronyms.
BETTING GLOSSARY
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
	ACTION	A bet
	ATS	Against the spread
	B
	B.R.	Bankroll
	BAD BEAT	Tough loss
	BEARD	Messenger bettor
	BEEF	Dispute
	BUCK	$100
	C	Back top
	CHALK	Favorite
	CHALK EATER	Favorite bettor
	CHURN	The effect of betting and re-betting money
	CIRCLE GAME	Game where action is limited due to uncertainties about weather, injuries, etc.
	COVER	Win by more than the point spread
	D	Back top
	DEGENERATE	Compulsive gambler
	DIME	$1,000
	DOLLAR	$100
	E	Back top
	EARN	Practical hold percentage
	EDGE	Advantage
	EXOTIC BET	Action other than a straight bet or parlay.
	EXPOSURE	The amount of money the house actually stands to lose on a game or a race.
	EXTENSION	The amount of money the house theoretically will risk losing on a game or a race.
	F	Back top
	FIGURE	Amount owed by or to a bookmaker.
	FIRING	Betting a lot. A player who is "firing" is wagering large sums.
	FLEA	An annoying human parasite who wants something for nothing; a $2 bettor who expects to be rewarded for his action.
	FORM	What performance is to be expected according to how a team looks on paper.
	G	Back top
	GET DOWN	Make a bet
	GROSS WIN	Win before expenses
	H	Back top
	HANDICAPPER	One who studies sports and predicts outcomes.
	HANDLE	Total amount of bets taken.
	HEDGE	Bet the opposite of your original wager in order to reduce the amount of action you have on a game.
	HOLD	The percentage the house wins.
	HOOK	Half point in pointspreads, as in "lost by the hook."
	HOME FIELD ADVANTAGE	Edge the home team is expected to have as a result of familiarity with the playing area, favorable demographics and effect of travel on the visiting team.
	HOOPS	Basketball
	HOT TIP	Information the bookmaker is not yet privy to.
	J	Back top
	JUICE	Bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers; vigorish.
	L	Back top
	LAY A PRICE	Bet a favorite, lay the points.
	LAYOFF BET	A wager made by one bookmaker with another to help balance his action and reduces his risk on one side or one horse.
	LIMIT	Maximum bet accepted by the house before the price will be changed.
	LINE	The betting proposition on a game and/or payoff odds on the bet.
	LONGSHOT	Large underdog
	M	Back top
	MIDDLE	To win both sides of a game. For example, if you bet the underdog +3 1/2 and the favorite - 2 1/2 and the favorite wins by 3, you've MIDDLED the book. The book has BEEN MIDDLED.
	N	Back top
	NEUTRAL SITE	Arena, court or field where neither side has a home field advantage.
	NICKEL	$500
	O	Back top
	OFF THE BOARD	Game where no bets are being accepted.
	OUT	Bookmaker, usually refers to an illegal bookmaker.
	OVERLAY	When the odds on a proposition are in favor of the bettor rather than the house.

	P	Back top
	PARLAY	A bet with two or more teams where all the teams must win for the bettor to be successful.
	PAST POST	To make a bet after an event has started.
	PICK OR PICK'EM	A game where neither team is favored.
	PLAYER	Bettor, gambler.
	PRACTICAL HOLD PERCENTAGE	The amount won by a bookmaker divided by the total amount booked.
	PRESS	To bet a larger amount than usual.
	PRICE	Line
	PUPPY	Underdog
	PUSH	Tie
	R	Back top
	ROUND ROBIN	A series of parlays. A three-team round robin consists of one three-team parlay and three two-team parlays.
	RUNDOWN	Line update
	RUNNER	See Beard
	S	Back top
	SCALPER	One who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices.
	SCORE	To win a lot of money.
	SCRATCH	Withdraw; cancel
	SHARP	Wise guy
	SHORTSTOP	A small bettor.
	SIDE	To win one side and tie the other. For example, if you lay -2 1/2 and take 3 on the same game and the favorite wins by 3 you have SIDED the book. The book has been SIDED.
	SQUARE	Unsophisticated gambler.
	STEAM	Heavy action on one side.
	STRAIGHT BET	A bet on just one team.
	SUCKER BET	Bet with a large house edge.
	T	Back top
	TAKE A PRICE	Bet the underdog, take the points.
	TAPPED OUT	Broke, busted, common result of pressing.
	THEORETICAL HOLD PERCENTAGE	The edge the bookmaker would have IF the odds guaranteed him a constant commission regardless of the outcome.
	TOKE	A tip or gratuity.
	TOSS UP	Game where the line is close to pick-em.
	TOUT SERVICE	A business that sells opinions on sporting events.
	TRIPLE SHARP	The sharpest of the sharp. (Note: There is no such term as "Double Sharp").
	U	Back top
	UNDERLAY	When the odds on a proposition are in favor of the house.
	V	Back top
	VALUE	An overlay
	VIGORISH	See Juice
	W	Back top
	WISE GUY	Established and successful sports bettor.

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