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Here is a list of common sports betting terms that can help you understand the industry better, be a better sports bettor, and just generally feel more comfortable when discussing the subject. Against the Spread ATS : Taking action on one side of a point spread, but either taking points or laying points. Backdoor Cover : When a side of a bet scores points late in a competition to cover the point spread. As a verb, to book means to place or accept a wager. Chalk : Another term for the favorite or side of a bet that the public is favoring.
Closing Line or Close : The final point spread or betting line before a game or competition begins. Consensus : The volume of bets that the public is on for a side of a game or competition, often listed as a percentage. Contrarian : Going against the grain of public sentiment, a pick made that is opposite of the majority opinion. Cover : Beating the point spread. Even Money : When the odds of a bet are the same as the wager, 1-to-1, and there is no vigorish vig.
Futures Bet or Future : A wager on a future sporting event. Most commonly, it is a bet placed on the outcome of an event in the current or upcoming season, such as placing a wager before the season or early on in the season for which team will win the Super Bowl in the NFL. Handle : The amount of money taken by a sportsbook or sports betting operator. Handle can be broken down per event, series of events, a specific time period, or in total.
Hedge : To place a bet opposing a wager you already have in place so that you are lowering your exposure or risk. Hook : In point-spread betting, the hook is the extra half point attached to the spread, very commonly seen in football betting. In-Play Betting : Another term for live betting, in-play betting is wagering that takes place while a game or event is running. Due to the fluid nature of the game or event, in-play betting lines adjust on the fly. Key Number : A common point differential when it comes to scoring margins.
Key numbers are most commonly referenced in football betting in regards to multiples of three or seven. Laying Points : When a bettor is giving points to the other side. Betting the favorite. Limit : The most amount of money a sportsbook or sports betting operator will take as a wager on an event.
Lock : A term used to describe when a bettor views a pick as a guaranteed victory. Middle : An outcome that falls between two bets on different sides of the same event, allowing the bettor to win both wagers. Money line or moneyline : The odds or price of betting an event straight up, without the use of a point spread.
When betting the money line or moneyline , the favorite will be designated with a minus sign next to the number. Standard is 10 percent. Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability. Limit : The maximum bet taken by a book. Middle : When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk.
Suppose a bettor bets one team as a 2. She can then bet the opposite team at 3. She would then win both sides of the bet. Money line noun , money-line modifier : A bet in which your team only needs to win. The point spread is replaced by odds. Oddsmaker also linemaker : The person who sets the odds. Some people use it synonymous with "bookmaker" and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.
Off the board : When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating. Also used in prop bets. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line. The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog.
The point spread is zero, and the winner of the game is also the spread winner. Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog. Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain.
Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager.
Steam : When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.
Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread. Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager.
Total : The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total. Tout service : a person or group of people who either sells or gives away picks on games or events. Underdog : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount ATS , or get better than even-money odds that it will win the game outright.
Skip to navigation. Betting: Glossary of common terms. Kansas City Chiefs. Bucs equal bucks as U. Tampa Bay Buccaneers. Sportsbook offers refunds after Reed controversy. LeBron now MVP favorite at some sportsbooks. Los Angeles Lakers. It's flipping madness: 'Startling' amount bet on Super Bowl coin toss. A gamble on Brady's move to Tampa Bay leads to profits. Notable Super Bowl betting trends. Notable Bets: Mahomes' injury throws oddsmakers for a loop.
Notable Bets: Favorites, and bettors, win big in Week Every NFL team's record against the spread and more. Notable Bets: Receiverless Browns let down betting public. Notable Bets: A Jets bet you won't believe.