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Betting Glossary

HomeSportsbooks > Sports Odds Comparison > Bookmakers Encyclopedia

Sports Betting Dictionary

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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