[jjgold]

Betting Terms Glossary

Action – This is a general term for the amount of bets placed on a side, game or sporting event.
ATS (Against the Spread) – This refers to betting on one side of the point spread. ATS is the acronym commonly used for Against The Spread.
Bad Beat – A tough loss that looked like it would be a victory. It usually takes a bad turn near the end of the game.

Beard – Someone who places bets but is looking to conceal their identity. Often times it is someone who is a sharp and wants to remain anonymous.
Book – This is short form for the term “sportsbook,” which is a company that takes bets on sporting events and various other things.
Bookmaker/Bookie – Similar to a sportsbook, this is a group or individual that takes bets on a sporting event. However, this is usually done in person versus online and is deemed less safe.
Buy Points – This gives the better the opportunity to pay a small fee to move the point spread in their favor. While it costs more, it allows them to increase their chances of winning.

Chalk – This term refers to the entity or team that is favored to win the event.
Circled Game – A circled game is one where there is lower limits to due various factors (injuries, weather, reality show).
Cover – This is when a side wins against the spread. If they fall within the margin and beat the point spread, that’s called covering.
Dime – A $1,000 bet.
Dime Line – When a betting line has “juice” or “vig” at 10 percent.
Dog – This is short form for the term underdog, which is the team expected to lose.
Edge – The perceived advantage a sports bettor has before wagering.
Even Money – A bet without “juice” or “vig” associated with it. In other words, if you bet $100, you’ll win $100.
Favorite – The team or individual expected to win a sporting event based on the point spread or moneyline.
Futures – This is a type of bet that focuses on a future event. Some examples is betting on a team to win a championship early in the season, regular season win totals and odds to win the division.
Handicapping – This is the process of researching, analyzing and predicting a sports betting event. Those who do this type of evaluation before betting are known as handicappers, or are handicapping the game.
Hedging – This is the process of betting on the opposite side of a current wager you have. For example, if bet on a team to win but then bet their opponent to win as well. There is a strategy involved with this, which could help you cut your losses or make a small profit.

Hook – A synonym for a half-point.
Juice – This is the commission that the sportsbook earns on bets wagered. Also known as the ‘vig’.
Laying the Points – When you bet the favorite against the spread.
Limit – This refers to the betting limits for a given bet. Each sportsbook has different limits for different events.
Lines – A synonym for betting odds, which can refer to a point spread, moneyline or totals.
Linemaker – An individual – often part of a team – that sets the betting line and then manages it as the action comes in.
Listed Pitchers – When you list pitchers in baseball, that means that they both must start for your bet to take place. If the listed pitcher doesn’t start, then your bet is void.
Lock – A term used to describe a projected easy winner or large favorite.
Longshot – A longshort refers to a team or side that is considered unlikely to win. In other words, they are a large underdog.
Moneyline – This is a type of bet which focuses on the straight-up winner of an event. No point spread or margin of victory is involved.
Nickel – A $500 bet. Also sometimes referred to as “nickel” bet in slang terms.
Nickel Line – A betting line in which the “juice” or “vig” is 5 percent.
No Action – This is when a bet is cancelled and the stake is returned to the bettor. There could be a number of reasons for this, such as the actual event being canceled as well or the match failing to reach specific benchmarks. For example, a rain-shortened baseball game that only played five innings.
Off the Board – When is a game is off the board, it unavailable for betting due to certain circumstances. One example could be that there is a key injury impacting the game.
Over – This is when the combined total score of the two sides goes above the set total for the game.
Over/Under – A number set by the odds makers that projects the combined final score of both sides. The bettor can then choose whether a game will go over or under that number.
Parlay – A type of wager where multiple options are selected. Each of those options must win in order for the parlay to win. The payout is multiplied, so the payout is bigger in a parlay, even though the risk is greater as well.
Pick’em – When a game is a Pick ‘em, it means that there is no favorite or underdog. Both sides are perceived virtually equal, so the point spread is basically zero or a non-factor.
Point Spread – A margin of victory. The odds makers will determine a point spread where the favorite has to win by more than that amount while the underdog can lose by less than that amount, or win the game outright and still cover. It’s a handicap that evens out the matchup via a points margin.
Puckline – This is a point spread in hockey that is always set at 1.5 goals. You can either bet on one team to win by more than 1.5 (two goals or more) or bet a team with +1.5, which means they can lose by one goal or win the game, and you’d win that side of the bet.

Prop Bet – A type of wager that focuses on various other activities, stats or happenings during an event not solely focused on who is winning or losing. For example: total rushing yards by a player, how many points will be scored by a player in an NBA game or whether an interception will be thrown.
Push – This is a tie and the stake is returned to the bettor. An example of when this might happen could be if the point spread lands on a whole number – say -7 instead of -7.5 or -6.5 – and the game is decided by exactly seven points.
Runline - A point spread of -1.5 or +1.5 in a baseball game. This mean you can either bet a team to win by 1.5 or you can get a team with 1.5 runs.
Sharp – A professional or smart bettor who is well-researched and well-informed.
Side – The team or entity you are siding with or betting in.
Spread – This is short form for the term “point spread.”
Straight Bet – Just a basic bet on one team or side.
Square – An inexperienced, uneducated bettor.
Steam – A fast change in the betting line, usually because of sharp action.
Taking the Points – When you’re betting the underdog on the point spread.
Teaser – This is a parlay where you’re allowed to move the points in your favor. In return, you get a lower payout.
Total – The combined final score of the game/event.
Under – When combined final score by the two teams or entities involved finishes below the total posted by the odds makers.
Underdog – The team that is not expected to win – or is deemed as having a smaller chance of winning than the favorite.
Vigorish – This is a synonym for juice, which is the commission the sportsbook takes.
Wiseguy – Another term to describe a “sharp” or “smart” bettor. Often times, this is a professional who is well-informed and knowledgeable.

[SlickFazzer]

Excellent tutorial.

I am printing out a copy as we speak and place in my 3 ring gambling binder.

[Tsoprano]

[pavyracer]

jjgoldism - To maintain a losing spreadsheet indefinitely without any effect on your finances

[daggerkobe]

Yeast infection - Jinxing Bread by congratulating him thus making him lose B2B bets.

[5 star bomb]

Barreled in - in the gutter

[Fischnasty]

Dac'd- When your team is up 20 at the half, and DacBietViet bets on them and they go scoreless to end up not covering

[RogueJuror]

dac'd and yeast infection

[fiveteamer]

jj you forgot

Made it - Guys that made it.

Did not make it - Guys that did not make it.


god bless.

[Bread]

Cloak & Daggerkobe - The boards two biggest idiots rolled into one giant pile of dumb. YAY!

[RogueJuror]

what does ChickenLittle stand for?

[Bread]

Chicken Little is used for people who constantly think that the sky is falling, ala DK.

You have to keep reminding the little fella that everything will be OK.

[wtf]

ryanastic - self righteous, narcissistic, menstruating, year round

[RogueJuror]

year round

[floridagolfer]

Idiocy - What you need to have many times when you risk your hard-earned money on 18- and 19-year-olds who are unable to spell or find the college library.

[Chi_archie]

what about Hamburger?

[konck]

you forgot this one

FAKE= JJ

[Brock Landers]

Action - A sports betting wager of any kind, 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 Cover - In 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. Handicapping - In 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. Layoff - sports 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 line - odds 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. Odds- The 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 Ratings- The strength of a team in comparison to another team. Press - In 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. Runner - One who places bets for another when it comes to sports betting. 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. Spread - A 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 bet - In sports betting this is a wager on just one team or horse. Straight-up- Winning the game without any regards to the pointspread. Systems- Using 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 - A teaser is a special type of parlay in sports betting in which you adjust the point spread or total of each individual play. The price of moving the point spread (teasing) is lower pay off odds winning wagers. 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. Tout - Someone 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. Vigorish - The bookmaker's commission on a losing bet; also known as juice in sports betting. Wager- To risk money on the outcome of an event. Wise guy - A wise guy is the sports gambling term for a well-informed or knowledgeable handicapper or bettor.

Anything left out?

[SCRAGGS]

Cameltoe is a slang term that refers to the outline of a human female's labia majora seen through tight clothes

[Deuce]

Fukk you jj, you want a bullet in your head, pal?

[TR88]

Fukk you jj, you want a bullet in your head, pal?

[Brock Landers]

i love it when JJ uses a gambling term in a sentence

"Because his brother was a college basketball coach, Eddie used a beard to place wagers on the sport."

[Deuce]

Worry about yourself before you get yours too.

[Reload]

Wise guy

[Reload]

Beard

[TPowell]

JJ, is there a PDF I can print out??? Would love to throw this in my Finance book to study

[QuantumLeap]

Small Unit - varies per bettor but is typically a bettor's smallest bet size. Either that or a jjgold video.

[ok now what]

I'm not at that level yet. I haven't graduated from my pee-chee folder yet. I still contend the girl pictured on those folders playing tennis gave the football players below the most kickass smackdown I've ever seen.

Excellent tutorial. I am printing out a copy as we speak and place in my 3 ring gambling binder.

[jjgold]

top

[pavyracer]

Small Unit - varies per bettor but is typically a bettor's smallest bet size. Either that or a jjgold video.

Small Unit - varies by bettor but is generally accepted to be in the vicinity of 2.5 inches

[rookie]

Small Unit - varies by bettor by is generally accepted to be in the vicinity of 2.5 inches

Also known as Gold Standard.

[Cappinpicks]

You forgot Buried - How 99% of young guys will end up.

[manny24]

big time- guys who almost fukk their aunt.

[ChileCheese]

You forgot Buried - How 99% of young guys will end up.

Unless they post fake plays for pretend money such as yourself?

[Irish Lumberjack]

Keep teaching these youths the ropes jj