For Australian and European sports bet terms, check out our sports bet glossary now.
The amount of money being wagered on a game.
A hard loss.
A person or organization that sets the lines and books the bets in sports.
The amount of money the player plans to gamble.
A messenger bettor. Someone who places bets on behalf of another person so that the bookmakers will not know the identity of the actual bettor.
A $100 wager.
The team favored to win.
A person who usually wagers on the favored teams. A.K.A Favorite Freddie, chalk eater.
A game where the betting action is severely limited due to uncertainties about key injuries, inclement weather conditions, or unsubstantiated rumors regarding a team.
To win by more than the point spread
A compulsive gambler.
A $1,000 wager.
The underdog in any betting proposition. A.K.A. Puppy
A person who usually bets on the underdog.
A $100 wager.
A wager twice the amount of one's normal wager.
The practical hold percentage.
A wager on which the odds are 1-1.
A bet other than a straight bet or parlay.
The amount of money the house will risk losing on a game or race.
The amount of money the house theoretically stands to lose on a game or race.
Amount of money owed to or by a bookmaker.
Wagering huge sums of money.
An annoying person who wants something for nothing. One who expects to be comped for a $2 wager.
The performance expected of a team according to how they look on paper.
Bets accepted well in advance of the events.
Making a bet.
Losing a bet or bets.
The amount of winnings before subtracting the expenses.
A person who studies sports and predicts its outcome.
Betting on the opposite side in order to cut losses or guarantee winning a minimal amount of money.
The percentage the house wins
HOLDING YOUR OWN
Neither winning or losing, just breaking even.
A half point in pointspreads.
Losing a bet by exactly one-half a point.
HOME FIELD ADVANTAGE
The edge the home team is expected to have as a result of familiarity with the playing area, fan support, and the effect of travel on the visiting team.
Another term for Basketball.
A game that draws a significant amount of action on one side by knowledgeable handicappers.
Insider information that the bookmaker cannot divulge.
Bookmaker's commission, also known as the vig or vigorish.
LAYING THE POINTS
Betting on the favorite. A.K.A. lay a price
A bet made by one bookmaker with another in order to balance the action and reduce the risk on one side.
The maximum bet accepted by a house or bookmaker before he changes odds and/or the points.
The listed odds on a game and/or payoff odds on the bet.
The person who establishes the original and subsequent betting lines.
A sure winner.
A large underdog where the odds of winning is quite steep. Hence the term "Not by a longshot".
To win both sides of a game.
The odds expressed in terms of money.
Venue of a sporting event where neither side has a home field advantage.
The betting lines appearing in the daily newspapers.
A $500 wager.
The same as a lines maker.
ODDS ON FAVORITE
A horse, team or individual so favored by the public that the odds are less than even.
OFF THE BOARD
A game on which no bets are accepted.
The difference of amount the Las Vegas pointspread has compared with the computerized mathematical line.
The line that the bookmaker uses for wagering purposes.
An illegal bookmaker.
An early line which is not an official line.
When the odds of a given proposition are more in favor of the bettor than the house.
OVER & UNDER
A wager for the total score by both teams will more or less than the total posted by the sportsbook.
A bet with two or more teams where all the teams beat on must win in order for the bettor to win the wager.
What has occurred previously to the forthcoming games.
To make a bet after the event has begun.
A game where team is favored.
A bettor, or gambler.
The amount of points the bettor must give to take on any given game.
The scheduled starting time.
PRACTICAL HOLD PERCENTAGE
The amount won by a bookmaker divided by the total amount booked.
Betting a larger amount than usual.
The odds or pointspread.
A wager on a particular aspect of the game such as how many field goals will be made.
Where neither team wins and all money is returned to the bettors.
A form of parlay betting in which we wager various combining team wagers. A 3-team robin is team 1 to 2, 1 to 3, and 2 to 3. 4-team robin is team 1 to 2, 1 to 3, 1 to 4, 2 to 3, 2 to 4, and 3 to 4. 5-team, etc.
A line update.
A person who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices.
To win big.
To withdraw or cancel a wager.
Person(s) who study team plays and/or practice and report findings to handicappers.
Winning one side of a wager and tying the other side.
Sides that are bet on by the more knowledgeable handicappers.
A person who waits for what he thinks is an unusually strong wager.
When heavy action occurs on one side.
A bet on just one team.
Behind, losing, buried, down for the week
Betting on the underdog.
TAKE A PRICE
Bet the underdog, take the points.
Broke, busted, common result of pressing.
THEORETICAL HOLD PERCENTAGE
The edge the bookmaker would have if the odds guaranteed him a constant commission regardless of the outcome.
A tip or bonus.
A game where the line is close to pick-em.
A business that sells opinions on sports or horse wagers.
The sharpest of the sharp.
Having the odds of a proposition lean in favor of the house.
Getting the best available odds on a betting proposition
The commission the bookmaker receives.
A sophisticated and successful sports bettor.
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