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Sportbet.com has created the following sports betting glossary for your convenience. It has all the definitions for sports betting terms and the appropriate sports betting words or phrases for the gambling acronyms. If you come across a sports betting term, gambling acronym or casino definition that isn't in our glossary, contact us and we'll add it and give you a free money suggestion bonus.

A B C D E F G H I J L M N O P R S T U V W

 

A

ACTION

A bet

ATS

Against the spread

ANGLES

It refers to a particular team or the league as a whole

AOPR

Stands for Average Opponent Power Rating

B

B.R.

Bankroll

BAD BEAT

Tough loss

BEARD

Messenger bettor

BEEF

Dispute

BET

To risk money, or anything of value, on the outcome of a sporting event

BET LIMIT

Amount of money a bookmaker will accept on a particular wager

BOOK

Person, or establishment, that accept bets

BOOKIE

Especifically the person who accepts sports bets

BOOKMAKER

Bookmaker is the term most often used when referring to somebody who operates legally

BUCK

$100

C

CHALK

Favorite

CHALK EATER

Favorite bettor

CHURN

The effect of betting and re-betting money

CIRCLED GAME

Game where action is limited due to uncertainties about weather, injuries, etc.

COVER

Win by more than the point spread

D

DEGENERATE

Compulsive gambler

DIME

$1,000

DOG

Team or individual expected to lose the event

DOLLAR

$100

E

EARN

Practical hold percentage

EARLY MONEY

wagers that come in as soon as the betting lines are made available to the public to wager on

EDGE

Advantage

EVEN MONEY

Wager in which a bettor risks the same amount as they stand to win

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

FADE

A wager against a particular person

FAVORITE

Team or individual that is expected to win a particular event

FIGURE

Amount owed by or to a bookmaker.

FIRING

Betting a lot. A player who is "firing" is wagering large sums.

FIRST HALF BET

Wager that will have the outcome decided on the basis of the halftime score

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.

FRANKLIN

$100

G

GAMBLING

Risk money or anything of value, on the outcome of a sporting event

GET DOWN

Make a bet

GROSS WIN

Win before expenses

H

HALF TIME BET

Place a bet at halftime of a game against a new point spread posted by the bookmakers

HANDICAP

Analyze an event for gambling purposes

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.

I

IF BET

Wager that is placed only if a certain outcome of a seperate wager occurs

J

JUICE

Bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers; vigorish.

L

LAY A PRICE

Bet a favorite, lay the points.

LAYING

Wagering on a favorite and thereby laying (giving) points or odds to the opposing side

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.

LINESMAKER

Person who sets point spreads or odds on upcoming sporting events

LINE

The betting proposition on a game and/or payoff odds on the bet.

LONGSHOT

Large underdog

M

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.

MONEYLINE

betting on the winner of a contest where the point spread cannot be used, where the bettor only needs to pick the winner

N

NEUTRAL SITE

Arena, court or field where neither side has a home field advantage.

NICKEL

$500
O

ODDS

Various point spreads or money lines on any given contest

ODDSMAKER

A person who creates odds on sporting events, but does not accept wagers

OFF THE BOARD

Game where no bets are being accepted.

OPENING LINE

The initial point spread or money line offered by the sportsbook to bettors

OUT

Bookmaker, usually refers to an illegal bookmaker.

OVER

Means to exceed the posted over/under (total) on a particular sporting event

OVERLAY

When the odds on a proposition are in favor of the bettor rather than the house.

P

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

RISK

Amount of money laid on a game or event

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

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

SHIL

Person who promotes a sport service or sportsbook for compensation without acknowledging the fact

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.

SMART MONEY

Money wagered by intelligent bettors

SPORTSBOOK

Establishment that accepts wagers on sporting events

SQUARE

Unsophisticated gambler.

STEAM

Heavy action on one side.

STIFF

Bettor who does not pay their debts

STRAIGHT BET

A bet on just one team.

SUCKER BET

Bet with a large house edge.

SYNDICATE

Collection of gamblers who pool all of their efforts together in an attempt to beat the sportsbooks

SYSTEMS

Refers to specific formulas used to determine a team to bet on in a sporting event

T

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

UNDER

Pick a team or event to go under the total of points for a period of time or the whole event

UNDERLAY
When the odds on a proposition are in favor of the house.
V

VALUE

An linkslay

VIGORISH

See Juice

W

WAGER

Wager is to have risked money, or something of value, on the outcome of an event

WISE GUY

Established and successful sports bettor.

 

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