| 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 |
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