JR TIPS Gambling Betting Definitions and Terminologies

Action A type of sports betting wager of any kind, basically a bet.

Added Game For sports betting, a game not part of Las Vegas regular rotation posted as an accommodation to customers.

Angles Using key factors from previous events to predict the results for future outcomes.

ATS “Against the spread,” taking points rather than betting with the spread and laying points in sports betting.

Beard – In sports betting a beard is a friend or acquaintance who is used to place bets as to conceal the true identity of the real bettor.

Bet To risk something on the outcome of an event

Book In sports gambling a Book is an establishment that accepts bets on the outcome of horse racing and sporting events.

Bookie In sports wagering a person who accepts bets.

Bookmaker see ‘bookie’

Buck Sports betting term for a $100 wager.

Buy (Points) In sports betting, a player pays an additional price to receive half a point or more in his favor on a point spread game.

Canadian Line In sports betting the Canadian line is a combination point spread and money line in hockey.

Chalk The favorite.

Chalk Player In sports gambling this person is someone who usually only plays the favored teams, rarely betting on the underdogs.

Circled game – In sports wagering this is a game in which the betting action is reduced; usually occurs in added games, games with injuries, bad weather, propositions, or halves of games. These games cannot be included in parlays or teasers

CoverIn sports betting this term means a pointspread win.

Data Mining– Searching through a large volume of statistics to find profitable situations to bet on in the future.

Dime $1000.00 sports betting wager.

Dime Line In sports betting a Dime line is a line where the juice is 10%.

Dog In sports betting, the team perceived to be most likely to lose.

Dog Player – In sports gambling this term refers to one who mostly plays the underdog.

Dollar $100, in sports wagering.

Double action An “if bet” in sports betting that is processed if the precedent bet wins, ties or cancels.

Double Bet – In sports betting a double bet is a wager for twice the size of one’s usual wager; also known as “double pop” or “doubling up.”

Edge A persons Advantage when it comes to sports betting.

Even Money Sports betting term “Even money” is a bet whose odds are 1/1; a wager in which no vigorish or juice is laid.

Exotic In sports gambling the term Exotic is any wager other than a straight bet or parlay – also called a prop or proposition.

Exposure The maximum amount of money a sports book stands to lose on a game.

Favorite In sports betting this it the team expected to win an event. The quoted odds reflect the extent to which the choice is favored.

Fifty cents $50.00 of sports betting action.

Figure For sports betting, Figure is the amount owed to or by a bookmaker.

First half bet In sports betting this is a bet placed only on the first half of the game.

Future In sports gambling odds are posted in advance on the winners of various major events including the Super Bowl, the World Series, the Stanley Cup, and the NBA Championship this is called a Future bet.

Gamble- To risk money on the outcome of an event.

Getting Down Sports wagering meaning making a bet.

Grand Salami – A sports betting term meaning the grand total of goals scored in all the hockey games of the day. It can be wagered to go Over/Under.

Half a dollar $50.00 in sports betting action.

Half time bet In sports betting this is a bet placed only on the second half of the game.

Handicapper When it comes to sports betting a handicapper is one who studies, rates and wagers on sporting events and/or races.

HandicappingIn sports gambling this is the attempt to predict the outcome of sporting events.

Handle A sports wagering term that means the total amount of bets taken.

Hedging A sports betting term that means placing wagers on the opposite side in order to cut losses or guarantee a minimum amount of winnings.

Hook In sports betting a Hook is a half point added to football and basketball betting lines.

Hot game Sports betting term for a game that is drawing a lot of action on one side by knowledgeable handicappers.

Juice The bookmaker’s commission on a losing bet, also known as “vigorish.”

Laying the points – Betting the favorite by giving up points.

Laying the price In sports wagering, laying the price means betting the favorite by laying money odds.

Layoffsports betting term for money bet by a house with another bookmaker to reduce its liability.

Limit In sports betting limit is the maximum amount a bookmaker will allow you to bet before he changes the odds and/or the points.

Line In sports betting, the current odds or point spread on a particular event.

Linemaker In the sports betting industry this is the person who establishes the original and subsequent betting lines.

Listed Pitchers In sports gambling a listed pitcher is a baseball bet which will be placed only if both of the pitchers scheduled to start a game actually start. If they don’t, the bet is cancelled.

Longshot – In sports wagering this is a team or horse perceived to be unlikely to win.

Middle To win both sides of the same contest in sports betting event. Wagering on the underdog at one point spread and the favorite at a different point spread and winning both sides.

Money lineodds expressed in terms of money. With money odds, whenever there is a minus (-) you lay that amount to win a hundred dollars, where there is a plus (+) you get that amount for every hundred dollars wagered.

Move the line A player pays an additional price to receive half a point or more in his favor on a point spread game.

Nickel$500.00, in on a sports gambling wager.

Nickel line A sports wagering line where the juice is 5%.

No action A wager in sports betting in which no money is lost nor won.

OddsThe likelihood of the outcome occurring, stated in numbers form.

Off the board In sports betting this is a game on which the bookmaker will not accept action.

One dollar $100.00 in sports betting action.

Opening Line The earliest line posted for a particular sporting event.

Outlaw Line Term for the earliest line in sports betting. This is an overnight line that only a handful of players are allowed to bet into.

Over – In sports gambling the “over” is a sports bet in which the bettor guesses that the combined point total of two teams will be above a specified total.

Parlay In sports wagering, a bet with two or more teams in which all teams must win or cover for the bettor to win and receive higher payouts.

Pick ’em When neither team is favored. Also called a “pick” in sports betting terms.

Point spread In sports betting this is the predicted scoring differential between two opponents as quoted by a sports book.

Power RatingsThe strength of a team in comparison to another team.

PressIn sports betting this means to wager a larger amount than usual.

Price Sports betting term for the odds or point spread.

Prop (Proposition) Bet In sports gambling this is a special wager offered by the sports book on unique and various topics. These wagers can be on sporting events, politics, and even trial outcomes. The wagers use the money line format of pay off odds and might included who scores the first touchdown in the super bowl, who will win the next presidential election, or whether or not O. J. will be found guilty.

Puckline A puckline for sports wagering is giving odds of a goal spread instead of using a Canadian Line in hockey, where both a goal spread and money line are played.

Puppy The underdog in an event.

Push When the contest ends with no winner or loser for wagering purposes.

Round Robin In sports betting this a series of three or more teams in 2-team parlays.

Run down In sports gambling this is all the lines for an specific date, sport, time, etc.

Run line In baseball a spread used instead of the money line.

RunnerOne who places bets for another when it comes to sports betting.

Scamdicappers A Scamdicapper is a term that is used to refer to a sports handicapping service that is not in the sports wagering business to help their clients, but to profit off of, and scam you out of your money.

Scouts person(s) who waits for what he thinks is an unusually strong wager. AKA. Sports Player.

Sharp When it comes to sports betting a sharp is a sophisticated or professional gambler.

Sides In sports betting, the names of the two teams playing: the underdog and the favorite.

Single action An “if bet” in sports gambling that is processed only if the precedent bet wins.

Sportsbook a person or company that accepts bets.

SpreadA spread in sports wagering is the predicted scoring differential between two opponents as quoted by a sports book. See “point spread.”

Square A novice when it comes to sports betting.

Steam In sports betting steam is when a line starts to move rapidly. Most “steam games” do not necessarily reflect objective circumstances, but are games that a mass of bettors is drawn to for some reason.

Store A bookie or sports betting establishment.

Straight betIn sports betting this is a wager on just one team or horse.

Straight-up Winning the game without any regards to the pointspread.

SystemsUsing trends for the past that you are consistent with to predict future outcomes.

Taking the points – When it comes to sports gambling this means betting the underdog and its advantage in the point spread.

Taking the price In sports wagering this means betting the underdog and accepting money odds.

Teaser Bet A teaser bet is a prop bet that allows you to alter the betting odds up and down in your favor. . The price of moving the point spread (teasing) is lower pay off odds winning wagers. The most common teaser bets in football are 6, 6 ½, and 7 point teasers. You must pick at least 2 teams, but you are able to select up to 6 teams total. The teaser bet is another form of a parlay as all of your teams have to win for the wager to be declared a winning one.

Ticket A sports betting wager.

Tie In sports betting a tie is a wager in which no money is lost nor won because the teams’ scores were equal to the number of points in the given line.

Total The combined amount of runs, points or goals scored by both teams during the game, including the overtime.

Totals Bet In sports gambling this is a proposition bet in which the bettor speculates that the total score by both teams in a game will be more or less than the line posted by the sports book.

ToutSomeone who sells their expertise on sports wagering.

Trends– Using the past to predict the future focusing in on only one team.

Under When it comes to sports betting a under is a wager in which the bettor guesses that the total points scored by two teams will be under a certain figure.

Underdog The team perceived to be most likely to lose. Also known as the “dog” in sports betting terminology.

Value In sports betting value means getting the best odds on a wagering proposition; the highest possible edge.

VigorishThe bookmaker’s commission on a losing bet; also known as juice in sports betting.

Wager– More formal term for bet. To risk money on the outcome of an event.

Wise guyA wise guy is the sports gambling term for a well-informed or knowledgeable handicapper or bettor.


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