Sports Betting Glossary: Learn the Lingo

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View a complete glossary of sports betting terms at the how to bet on sports directory.

In case you've ever been too sheepish to speak up and ask what some of the common colloquialisms are in the sports betting arena, this guide has you covered.

Learn what a beard is who bets dimes and hedges and likes betting hooks and doesn't believe in locks, and many other common terms floating around SBR Forum with about the same frequency as Trump vs. Clinton discussion threads.

Below is a preview of some of the terms in the sports betting glossary that begin with the letter P:

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 oddsmakers 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.

Jump to the full sports betting dictionary.

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