| Action
|
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 |
Win by more than the point spread |
|
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.
|
| Moneyline |
The moneyline is an indicator of the odds that a team will win. A negative moneyline 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 |
| 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
|
| Theoretical 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
|
