Gambling Terms and Wagering Definitions

Action: A sports betting wager of any kind. Also, the amount of bets placed on a game.

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," making wager involving the point spread.

Beard: 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. A wager.

Book: An establishment that accepts bets on the outcome of horse racing and sporting events.

Bookie: A person who accepts bets.

Bookmaker: see ‘bookie’.

Buck: Sports betting term for a $100 wager.

Buy (Points): To pay an additional price to receive half a point or more on a point spread game.

Canadian Line: A combination point spread and money line in hockey.

Chalk: The favored side in a wagering event.

Chalk Player: Someone who usually only plays the favored teams, rarely betting on the underdogs.

Circled game: A game in which the betting action is reduced. This usually occurs in added games, games with injuries, bad weather, propositions, or halves of games. Sometimes these games cannot be included in parlays or teasers.

Cover: A point spread win.

Dime: A one-thousand-dollar sports betting wager.

Dime Line: A line where the juice is 10%.

Dog: The team perceived to be most likely to lose.

Dog Player: A bettor who mostly plays the underdog.

Dollar: A one-hundred-dollar wager.

Double Bet: A bet 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: A bet whose odds are 1/1; a wager in which no vigorish or juice is laid.

Exotic: 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: The team expected to win an event. The odds with the “minus” (or larger minus).

Fifty cents: A fifty-dollar bet.

First half bet: A wager 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: wagering on a game or, making a bet.

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

Half a dollar: A fifty-dollar bet.

Half time bet: A bet placed only on the second half of the game.

Handicapper: Someone who studies, rates and wagers on sporting events and/or races.

Handicapping: The attempt to predict the outcome of sporting events.

Handle: The total amount in dollars of bets taken.

Hedging: Placing wagers on the opposite side in order to cut losses or guarantee a minimum amount of winnings.

Hook: A half point added to a point spread.

Juice: The bookmaker's commission on a bet; also known as "vigorish."

Laying the points: Betting the point spread favorite.

Laying the price: Betting the money line favorite.

Layoff: Money bet by a Book with another bookmaker to reduce its liability.

Limit: The maximum amount a bookmaker will allow you to bet before the odds and/or the points change.

Line: The current odds or point spread on a particular event.

Linemaker: The person who establishes the original and subsequent betting lines.

Listed Pitchers: 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: 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.

Nickel: A five-hundred-dollar 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. Often a tie or cancellation.

Odds: The likelihood of the outcome occurring; stated in numbers form.

Off the board: A game on which the bookmaker will not accept action.

One dollar: A one-hundred-dollar wager.

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: The combined point total of two teams will be above a specified total.

Parlay: A bet with two or more teams combined in one bet on the same ticket. All teams must win or cover for the bettor to win the wager and receive the higher payouts.

Pick 'em: When neither team is favored. Also called a "pick" in sports betting terms.

Point spread: 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: To wager a larger amount than usual.

Price: The odds or point spread of a game.

Prop (Proposition) Bet: A special wager on unique unusual events. These wagers can be on Sporting Events, Politics, and Award Shows.

Puck line: 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: Three or more teams grouped together to form a combination of parlays on one ticket.

Run down: All the lines for a 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.

Sharp: A sophisticated or professional gambler.

Sides: Names of the two teams playing: the underdog and the favorite.

Sportsbook: A company or area that accepts bets.

Spread: The predicted scoring differential between two opponents. See "point spread."

Square: A sports betting novice. Steam – The “hot” wagering choice or when a line starts to move rapidly.

Store: A bookie or sports betting establishment.

Straight bet: A wager on just one team or horse.

Straight-up: Winning the game without the benefits of the point spread.

Systems: Using consistent past trends to predict future outcomes.

Taking the points: Betting the underdog with the benefits of the point spread.

Taking the price: Betting the underdog and accepting positive money odds.

Teaser: A special type of parlay in which additional points are added or subtracted to the benefit of the bettor, but at lower pay off odds on winning wagers.

Ticket: A sports betting wager.

Tie: 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 number of runs, points or goals scored by both teams during the game, including the overtime.

Totals Bet: A proposition bet in which the bettor speculates that the total combined 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 while focusing on specific statistics.

Under: The combined point total of two teams will be less than, or below a specified total.

Underdog: The team perceived to be most likely to lose. Also known as the "dog".

Value: Getting the best odds on a wagering proposition. The highest possible edge.

Vigorish: The bookmaker's commission on a bet; also known as juice in sports betting.

Wager: To risk money on the outcome of an event. A bet.

Wise guy: A well-informed or knowledgeable handicapper or bettor.