| Action |
Is normally known as
having money in a game (bet), but when you wager on baseball
and you choose action, it means that you don't mind which
pitchers are starting the game. |
| Circle Game |
Game where action is limited due
to uncertainties about weather, injuries, etc. |
| Cover |
in by more than the pointspread |
| Dime |
$1000 |
| Dime Line |
A money line in which the vigorish
or bookie's juice amounts to 10 percent. No point spread
involved) |
| Dollar |
$100 |
| Edge |
Advantage |
| Handicapper |
One who studies sports and predicts outcomes |
| Handle |
Total amount of bets taken |
| Future Bet |
Bets accepted well in advance. Examples
include betting on which team will win the World Series
or Super Bowl months before the event. |
| Juice |
Bookmaker's commission, most often
refers to the 11 to 10 football bettors lay on straight
wagers; vigorish |
| Limit |
Maximum bet accepted by the house
before the price will be changed |
| Line |
The betting proposition on a game
and/or payoff odds on the bet |
| Longshot |
Large underdog |
| Middle |
To win both sides of a game. For
example, if you bet the underdog +3 1/2 and the favorite
-2 1/2 and the favorite wins by 3, you've MIDDLED the
book. The book has BEEN MIDDLED. |
| Money Line |
The money line is an indicator of
the odds that a team will win. A negative money line represents
how many dollars you would need to bet to win $100. A
positive money line represents how many dollars you would
win if you bet $100. |
| Neutral Site |
Arena, court, or field where neither
side has a home field advantage |
| Nickel |
$500 |
| Off The Board |
Game where no bets are being accepted |
| Over/Under |
See Total |
| Parlay |
A bet with two or more teams where
all the teams must win for the bettor to be successful |
| Past Post |
To make a bet after an event has
started Pick or |
| Point Spread |
Number of points a-team is favored
to win by |
| Practical Hold Percentage |
The amount won be a bookmaker divided
by the total amount booked |
| Push |
Tie |
| Rundown |
Line update |
| Scalper |
One who attempts to profit from the
differences in odds from book to book by betting both
sides of the same game at different prices |
| Scratch |
Withdraw; cancel |
| Sharp |
Wise guy, professional player |
| Square |
Unsophisticated gambler |
| Straight Bet |
A bet on just on team |
| Sucker Bet |
Bet with a large house edge |
| Teaser |
A wager of two or more teams where
the point spread is adjusted in the players favor and
all the teams must win for the bettor to be successful |
| Theorical Hold Percentage |
The edge the bookmaker would have
IF the odds guaranteed him a constant commission regardless
of the outcome |
| Total |
number of points expected to be
scored. Sometimes the over or under is favored. In this
case the over/under is followed by an o or u, then the
money line (9u-120, Baseball) |
| Vigorish |
Juice |
| Wiseguy |
Established and successful sports
bettor |
