Sports Betting Terms
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| ACTION | A bet |
| B.R. | Bankroll |
| BAD BEAT | Tough loss |
| BEARD | Messenger bettor |
| BEEF | Dispute |
| BUCK | $100 |
| CHALK | Favorite |
| CHALK EATER | Favorite bettor |
| CHURN | The effect of betting and rebetting money |
| CIRCLE GAME | Game where action is limited due to uncertainties about weather, injuries, etc. |
| COVER | Win by more than the point spread |
| DEGENERATE | Compulsive gambler |
| DIME | $1000 |
| DOLLAR | $100 |
| EARN | Practical hold percentage |
| EDGE | Advantage |
| EXOTIC BET | Action other than a straight bet or parlay |
| FIGURE | Amount owed by or to a bookmaker |
| FORM | What performance is to be expected according to how a team or horse looks on paper |
| GET DOWN | Make a bet |
| GROSS WIN | Win before expenses |
| HANDICAPPER | One who studies sports and predicts outcomes |
| HANDLE | Total amount of bets taken |
| HEDGE | Bet the opposite of your original wager in order to reduce the amount of action you have on a game |
| HOOK | Half point in point spreads, as in "lost by the hook" |
| HOME FIELD ADVANTAGE | Edge the home team is expected to have as a result of the familiarity with the arena and effect of travel on the visiting team. |
| HOOP | Basketball |
| HOT TIP | Information the bookmaker is not yet privy to |
| JUICE | Bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers; vigorish |
| LAY A PRICE | Bet a favorite, lay the points |
| 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. |
| MINUS POOL | In pari-mutuel wagering, when after the take is extracted, there is not enough money left to pay winning patrons the minimum bet. The track must then make up the difference. |
| MUTUEL | Price paid on a winning pari-mutuel wager |
| 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 |
| OUT | Bookmaker, usually refers to an illegal bookmaker |
| OVERLAY | When the odds on a proposition are in favor of the bettor rather than the house |
| 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 PICK'EM | A game where neither team is favored |
| PLAYER | Bettor, gambler |
| PRACTICAL HOLD PERCENTAGE | The amount won be a bookmaker divided by the total amount booked |
| PRESS | To bet a larger amount than usual |
| PRICE | Line |
| PUPPY | Underdog |
| PUSH | Tie |
| ROUND ROBIN | A series of parlays. A three team round robin consists of three two-team parlays. |
| 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 |
| SCORE | To win a lot of money |
| SCRATCH | Withdraw; cancel |
| SHARP | Wise guy |
| SIDE | To win one side and tie the other. For example, if you lay -2 1/2 and take 3 on the same game and the favorite wins by 3 you have SIDED the book. The book has been SIDED. |
| SQUARE | Unsophisticated gambler |
| STEAM | Heavy action on one side |
| STRAIGHT BET | A bet on just on team |
| SUCKER BET | Bet with a large house edge |
| TAKE A PRICE | Bet the underdog, take the points |
| TAPPED OUT | Broke, busted, common result of pressing |
| THEORICAL HOLD PERCENTAGE | The edge the bookmaker would have IF the odds guaranteed him a constant commission regardless of the outcome |
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