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Buying points. Obtaining a more favorable spread or total by taking lower payout odds. A hockey spread. Also known as a puckline. Losing one's entire bankroll. The final widely available line offered at the time the event begins. Bookmaker margins applied to betting markets to grant house advantage. Also known as vig. An individual who wagers against public betting trends.
A team covering their point spread. Either a favorite winning by more points than the spread, or an underdog losing by less. Dime line. A ten cent line ; betting lines with a cent margin between the odds of the favorite and underdog. Common market when betting on soccer. Bettors choose two results between home team, road team, and draw. Even money. Expected value. The amount of money a bettor should expect to net if they were to place a given bet an infinite amount of times.
May also refer to the true value of a given betting market. The side that the betting market views as being the probable winner. The betting odds will reflect how much that side is favored. Risking the same amount for each bet. Grand salami. Examples: Home teams A number set by oddsmakers to counter the perceived difference in competing team's skill level.
Also known as spread. A bettor who forecasts the true outcomes of sports matches through math projections in order determine market advantage and bet accordingly. Half a point. Used when describing football and basketball point spreads and totals. Conversion of betting odds into a percentage which includes the bookmaker's commission. Reveals how often one would need to win a bet with those odds to be profitable.
Kelly Criterion. Laying points. Placing a bet on the favorite against the spread. The maximum bet size a sportsbook will take on a given market. Another word for odds. Commonly used in the US to describe a match's point spread. Wagering on a match that is already in progress.
Livebetting is offered by many sportsbooks for popular events. Using line movement often as the match is progressing to bet against an earlier wager to guarantee all outcomes. Another term for a bad beat ; a bet that appeared to be a certain winner but lost suddenly. European term for a parlay bet.
Different ways of displaying betting odds. The most common formats are American , Decimal , and Fractional. An individual responsible for setting lines at a sportsbook. A market or match that a sportsbook is not currently accepting bets on. Often due to a sudden player injury report. Abbreviated OTB.
The earliest point spread available for a given match. A bet on the combined points or goals scored by both teams being greater than the total. Combining multiple bets together on one ticket for a larger payout. Each individual bet must win. An event where the point spread is set at 0.
Also called pick'em. Point spread. A numerical expression used to represent the perceived difference in skill between two competing teams. New Customers only. Returns exclude Bet Credits stake. Full T's and C's. Whatever your situation, there are a plethora of words and phrases unique to the gambling world. You also need to know them to ensure you put the correct bets on and to ensure you know how the bet functions — i.
Accumulator : This is also known as a multiple bet or a parlay and it means there are three or more results required for you to win. The betting odds for each event accumulate to give you a larger price on your bet. Ante post : Any bet that you make before the day of the event. Approximates : These are he odds the bookie will possibly pay, right before the race starts. Arbitrage : This is when you can place a bet with two different bookies, on either side of the event and still win.
You can load up on both and still win money. Asparagus : A punter who likes to think he has all the winners on a race day. Banker : The one bet that you think is guaranteed to win. Bank roll : This is how much you have to bet with. Usually in your betting account. Beard : Someone who places bets on behalf of a punter.
Beards are usually used by pro punters who are known around the traps and want to avoid scrutiny from the bookies. Beef : Got beef? This is when the punter is disputing the result of a bet with the bookmaker. Big bickies : Betting a very big sum of money on an event. Bookmaker : A bookmaker sets the markets, handicaps and point spreads for people to bet on. Boxed : A term used to describe when selections for a quinella, trifecta, etc are placed with each other, allowing your runners to finish in any order.
Certainty beaten : When your dead certainty gets knocked over. Coat tugger : No one wants to deal with the coat tugger. Dogy, con, steer clear. Correct weight : The weights of each of the horses that finish in the money is checked and signed of, before bets are paid out.
Some bookies do pay on first past the post, without waiting for correct weight. Correct score : Punters have to select the exact score in the match. These markets are usually offered on lower scoring sports like soccer and ice hockey. Crusher : Another dodgy.
Daily Double : The bookie will pick two races at an meet and you have to pick the winner of those two races to collect. Dead heat : When two selections finish at precisely the same time — usually in horse racing.
Dishlickers : Same as the dogs, just means greyhound racing. The dogs usually drink water from a dish. Drum : Can mean two things, either a good tip that gets up or running a place, second or third. Distance special : Another term usually used in horse racing — this will be a betting option allowing you to select what distance a horse will win the race by.
Dividend : Same as return — i. Draw no bet : This eliminates the draw from your event — usually in soccer — and means if there is a draw, your stake is refunded. Drifted : It means the odds on your selection have gone out or increased. So the punters have jumped off and the bookies reckon the result of it is less likely to occur, meaning they are wound out. Each Way : Usually in racing, but can be motor sport or awards, this bet is simply taking your selection for both a win or to come second or third — run a place.
Emu : The lowest of the low. This person trawls through all those dumped betting tickets and gets them scanned to see if someone may have missed a winner. It is said that they look like an emu feeding when they are bending over to pick up the tickets. Exotic bet : These are bets on particular instances in the event, that do not involve the final result.
Things like first goal scorer, last goal scorer, player props and other instances in the match. Favourite : Another easy one. This is the selection with the lowest price in the field or match, indicating the bookmaker or punters believe it has the best chance of winning the event.
Field bet : This is taking every runner in the race and will usually be used in an exotic, like a trifecta or exacta. First four : Select the first four runners to cross the finish line in a horse race. Fixed odds : The bookmaker sets the odds and the bettor places the bet, knowing exactly what return they will receive.
Flexi bet : This allows you to choose the stake on your horse racing exotics. So you can bet at a percentage and you get the percentage relevant to your outlet on bets like quaddies, trifectas and the like. Flip of a coin : This has a dual meaning as well. Form : Can be any past results and performances on any event.
Futures bet : Same as ante post. Futures bets can sometimes be posted years out from n event — like the World Cup, which is every four years. Get out of jail stakes : The last race — this is especially said by a punter who has lost money throughout the day — he or she wants to get out of jail by having a win on the last race.
You can win big, but you need a huge stake to fund it. Good luck. Good oil : This is sort of similar to mail in that it is justification as to why a horse would be a good chance of winning a race. Head to head : When there are only two competitors involved in the bet, leaving two possible results.
Hedging : This usually happens with a multi bet. You might get three legs home or a four leg multi before the last leg starts. You might have a little on the opposite result to what is in your multi, just in case the last leg fails. Jackpot : Jackpots usually come on the big race meets and is money that is placed into the pool by the bookmaker, rather than the punter. It happens on exotics, like Quaddies and Super 6s, etc.
Jumped out of trees : This is bookie vernacular for when the punters crunch a horse in. Juice : Also known as vig or vigorish, this is what the bookie charges for what it does. Takes the top off some of the margins and odds. Late mail : these are generally late tips that come through right before a race meet and take into account things like scratchings and late money or whispers on race day.
For example, Roger Federer will not win the Australian Open. Can also refer to when a bookmaker increases the odds on a favourite horse to attract more bets, in the belief that is will lose. Lay down misere : Same thing as a dead cert. Lengthened : Same thing as drifted. Limit : Also known as max bet and this is the highest amount a bookmaker will accept on a particular bet. Maximums vary between sports and between bookmakers.
Line bet : Back to an easier one. This is when one side is given a handicap and the other an advantage. Happens on most sports. Essendon might be given a Live bet : This is simply a bet placed during a match — i. Long odds : Refers to outsiders. The odds will typically be in high double figures or even triple figures. Long shot : This is used for the outsiders in an event and they are given little chance of winning.
Of course, they can surprise, every now and then. Mail : This is the tips or information on certain selections that usually comes from the experts. Market : Explains the list that shows the odds on all relevant selections in a particular event. Moral : Another slang term for dead certainty.
American moneylines posted at are the same as 1. Ante-post: Futures odds on horse and greyhound races that are posted at least one day prior to a race. Ante-post odds are common on Triple Crown races like the Kentucky Derby. Arbitrage: Often shortened to ARB, arbitrage wagering is a betting style where all possible outcomes of a single game are covered. ARB betting options are rare and arise when sportsbooks have varying opinions on the proper odds for a match.
Asian handicap: Most common in soccer, Asian handicap odds start at 0. Bettors may have a choice between Las Vegas as a Australian Open: First of four women's and men's Grand Slam tennis tournaments that are played over two weeks in mid-January. If Baltimore is up , as a point favorite, Cleveland bettors earn a backdoor cover if the Browns score a late touchdown to make the final score in favor of the Ravens.
Bad Beat: Players experience a bad beat when a wager is on the verge of winning but then becomes a losing ticket. A bad beat will often occur when points are scored late in a match. Players who bet on game totals, point spreads and money lines will experience a bad beat from time to time. Bankroll : Money set aside, or deposited into an account, that is used for betting. Bankroll Management : Much like managing a personal bank account, bettors should practice proper bankroll management.
Setting wagering limits, shopping for the best odds value, plus only wagering what one can afford to lose, are keys to properly managing a sports betting budget. Beard: A bet runner who places wagers for professional bettors so they can conceal their identity from bookmakers.
Belmont Stakes: Third jewel in the Triple Crown of thoroughbred racing. Bet: Any wager involving money wagered at a sportsbook, casino, racebook or poker room. An exchange posts bets with two sides and the betting option remains listed until both sides are bet on.
Betting exchanges profit by taking a small commission juice from winning tickets. Betting strategy: Various plans that bettors use to get a leg-up on bookmakers. Primary betting strategies should include proper bankroll management and performing extensive research prior to placing wagers. Bookmaker: A licensed individual who sets daily betting odds and accepts bets. Also known as a linemaker.
The series is run at a variety of race tracks. Buy points : Bettors can buy points, using alternate point spreads and game totals, to gain a more favorable line. Juice attached to the odds increases with each point purchased. Chalk: Another term for favorite.
Los Angeles is the chalk side if the Lakers are a -3 point favorite over the Houston Rockets. Circled game: Matches that have set betting maximums, which are capped at low amounts. Games are usually circled when bookmakers face unknowns such as player injuries, weather or rumors that surface prior to a match.
Opening odds and prop options are often circled as well. Closing line: The final betting odds posted prior to the start of a competition. Co-favorite: Two or more sides with identical odds to win. Common with futures odds, bookmakers may post co-favorites to win the NBA Finals championship.
Combine: A series of fitness tests that help scouts from professional teams evaluate amateur athletes. Commission: Another term for vigorish and juice, commission is the bookmakers take on any bet. It is also the amount a betting exchange takes from winning wagers.
Correct score: Bettors are offered a list of possible final scores on a match. In soccer, players can bet on a match ending as low as or as high as plus all scores in between. The most likely result is the favorite and the least likely result is the underdog. New England winning over Miami means the Patriots would cover a point spread.
Dog: Short for underdog, a dog is perceived as the least likely side to win and is tagged with plus pricing. Bettors often double their bet when they feel one side is vastly superior to another. Double result: A single betting option that combines the score of a game at halftime and the score at the end of the same game. Double-header: Two games that are played back-to-back on the same day. Most common in baseball, a double-header will often take place if a game from the previous day was rained out.
Draw: Any contest where the final score ends in a tie. In most instances, a draw is graded as a PUSH and original bet amounts are returned. Drift: Betting odds that grow longer after the opening line is posted. Each-way: Common in horse racing, each-way betting takes a single amount and splits it on a horse to finish first or second.
Both bets pay if the horse finishes first while just one bet pays if the horse finishes second. The return on a first place win is always higher than the return on a second place win. Edge: Gaining an advantage through extensive research or having insights that are not publicly known. Even money: Odds that return the exact amount of the original bet. Exotic Bet: Betting options beyond point spreads, moneylines and game totals. Proposition bets, specials and parlays are the most common types of exotic bets.
Exposure: Amount of money a bettor or bookmaker stands to lose on any given wager. Favorite: Any side priced with a negative number. Two Final Four games are played prior to the National Championship game. First half bet: A wager that focused on the result of the first half in sports like basketball, soccer and football.
The most popular first half betting odds are spread, moneyline and game total options. A variety of team and player props are also offered as first half bets. Fixed odds : When a wager is placed, and a bookmaker accepts it, the line becomes fixed odds. Also a term for moneyline odds. French Open : Second of four women's and men's Grand Slam tennis tournaments that are played over two weeks in late May and early June.
Futures bet : A wager placed on an event that will take place in the near or distant future. Futures are also offered in soccer, major horse races, plus golf and tennis tournaments. If a baseball game total is set at 7. Graded Bet: A wager that bookmakers officially mark as a winner, a loser, or a push, once a competition has ended.
Winnings, or push refunds, are paid out after a bet has been graded. If there are seven games on the NFL schedule, the line may be set at Half ball handicap: Soccer betting odds where 0. Half time bet : Wagers placed on the outcome of just the second half of a competition. Half time bets can be placed during intermission or as live wagers once the second half begins. Handicap: Betting odds set by a bookmaker that are designed to level the playing field.
New Orleans may have a If the Saints win by eight or more points - they cover the handicap and produce winning wagers. Handicapper: A bettor who researches matchups and then places a bet. Also applies to tipsters who publish predictions on various sporting events. Handle: Total amount of money a bookmaker accepts on a single game or event. Hedge : Most common with parlay betting and as a risk management tool. Hedging a bet consists of betting on the opposite side of an original wager to set up a guaranteed return.
A hedge bet may also be placed to reduce the initial risk on a potential losing wager. Home field advantage: The perceived benefit a team gains when playing in familiar settings at their home stadium. Hook : A half point added to point spreads and game total odds. A hook guarantees a wager will not be graded as a push. One side will win and one side will lose. If bet: A member of the parlay family, an If Bet consists of two or more wagers. In play betting: Wagers placed after an event after it has started.
Also known as LIVE betting, bookmakers post multiple in-play betting options throughout most major sporting events. Joint favorite: Two or more sides posted with the same betting odds on the same event. Juice : Also known as vigorish, juice is set by bookmakers and is attached to spread and total betting options. If Minnesota Kentucky Derby: First jewel in the Triple Crown of thoroughbred racing. Laying points : Betting on a favorite.
A wager on Dallas, as a The Cowboys need to win by at least points to cash a winning ticket. Layoff: Used by bookmakers and players to reduce risk on a certain market. Parlay bettors may have an option to place a layoff wager on both sides of the last open bet on a ticket to set up a guaranteed profit. Limit: Bookmakers set various high and low wagering limits that vary by sport and betting options.
As part of a proper bankroll management system, players should set and follow personal betting limits. Line: Betting odds posted by a bookmaker. Linemaker: Same as a bookmaker, a person or group that sets daily betting lines and prices. Listed pitchers: Appear with daily baseball betting odds. Live betting : Also known as in-play wagering, live betting is offered once a sporting event begins. Spreads, moneylines and totals are adjusted and re-posted as a match plays out.
Prop options, like next goalscorer and correct final score, are also available. Lock: Term often used by tipsters to tempt bettors into buying handicapping advice. Death and taxes are the only true locks in life. Longshot: A perceived inferior side that is also known as an underdog.
Longshot prices are always displayed as positive prices. Masters Tournament: First of four major Grand Slam golf tournaments. Middle : Cashing tickets on both sides of a betting option. Bettors have an opportunity to middle when a point spread moves up or down prior to a match. The MLB draft is five rounds and most of the players selected will be assigned to minor league teams. Moneyline : A straight up bet, without any point spread, where bettors need to predict the outright winner.
Multiple bets: Same as parlay, multiple bets are a single wager that consists of at least two sides on a single ticket. All sides must win or push to cash winning multiple bets. MVP: Player honored as most valuable to their team during the regular season or playoffs. Wagering on who will be named the Most Valuable Player is a popular futures betting option in professional sports. Nap: Similar to a lock, a nap is a handicappers suggested best bet on a daily betting card. No action: Betting options cancelled by a bookmaker are graded as no action.
Original stakes are returned to bettors. Novelty bets: Prop and special betting options that are wagers beyond standard moneyline, point spread and game total odds. Team and player propositions are the most common novelty bets. Odds: Betting lines set by a bookmaker on a variety of events. Oddsmaker: Same as a linemaker, a person or group that sets daily betting lines and prices. Odds on favorite: One side that is viewed as far superior to the other and is priced with odds that offer very little value.
Odds shopping: Reviewing the lines at a variety of sportsbooks in order to find the best priced odds. An injury to a star player may cause bookmakers to pull odds off the board. Serious Poker. Archived from the original on Retrieved The Professional Poker Dealer's Handbook. Index of poker articles.
Fundamental theorem of poker Morton's theorem Pot odds Slow play. Computer poker player Online poker Poker tools. Category Commons Outline. Sports terms named after people. Categories : Poker gameplay and terminology Glossaries of card games Glossaries of sports. Namespaces Article Talk. Views Read Edit View history.
For other uses, see punt Dnipro vs rosenborg betting expert foot English usage of punting. Retrieved 11 August Retrieved 11 Jan Retrieved 11 October Retrieved 13 August Retrieved 29 Nov game, not contingent on the wikipedia betting terms glossary wagers on the game. It can be a result and adjusting the point spread by which the supposed better picks on games or events. PARAGRAPHThis article is about the by odds. All games have to be is a late injury or. Push : When a result lands on the betting number which your team only needs. Pick 'em : A game with no favorite or underdog. Oddsmaker also linemaker : The disambiguation and punter disambiguation. Underdog : The team that person who sets the odds. Teaser : Betting multiple teams point, run or goal total.Category:Gambling terminology. From Wikipedia, the free encyclopedia. Jump to navigation Jump to search. Phrases and terms connected with. The complete set of rules regarding forced bets, limits, raise caps, and such for a particular game. See main article: betting. big bet: The larger of two bet amounts. The following is a glossary of terms used in the card game blackjack. This is not intended to be A collection of actions that will offer the best odds off the top of the deck. These actions vary when different rules are applied to the game.