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Betting lingo

Picking the spread is a little more challenging. Instead of merely picking the winning team in a given game, a handicap is installed. This format is the common way of listing the spread and your pick when you place a bet. The first team listed is your choice, and the handicap is listed next to their name. The spread is four points in this game, which means for my pick to be correct, the Giants have to win by five points or more.

If you are still having trouble grasping this concept, imagine subtracting four points from the total number of points scored by the Giants in the game the game and see if they still win. Even after the four-point handicap, the Giants beat the Redskins, so you would have picked correctly and won your bet.

You read the score as Giants 17, Redskins After the four-point handicap is assigned, the Redskins have come out ahead, and you have picked correctly and won your bet. If the score was Redskins 24, Giants 10, then I also would have picked correctly because the Redskins won outright, even without the handicap in their favor.

You either pick correctly or incorrectly depending on the score of the game. If you have any more questions about how betting works, leave them in the comments below. Contrarian — Betting against the trends of the mainstream popular opinions.

Bettors usually place contrarian wagers when there is value on the opposite opinion. Dead Heat — Another way to say that there is a tie in a finishing position. Sportsbooks have different rules on how to pay in the event of a tie or dead heat in an event. Decimal Odds — This is a different way to present odds than Americans are used to. The math is easier to figure out for most bettors than US moneyline odds. Decimal odds are derived from a simple calculation of the amount bet x odds.

For example, Vegas Golden Knights vs. The difference of 10 dime line is the traditional profit margin for sportsbooks. Double Chance — This is a European sports betting term mostly used for soccer betting. A double chance wager allows the bettor two opportunities to win a bet. For example, a result in soccer can be a win, loss, or tie. A double chance bettor may combine two of the three results instead of just one.

This gives the bettor twice the chance to win the wager. Double Pop — A European way of saying that a bettor will bet twice the normal amount. In the US this is known more often as doubling up. Early Cash Out — A way for bettors to settle a wager for a certain dollar amount before the event is over.

This is a way to lock in a profit at a smaller value than the wager would ultimately pay. Even Money — A wager that pays the same as was risked. Exacta — Choosing horses to finish first and second in a race. This is sometimes, but rarely, offered for other competitive sports.

Exotic Wager — These are non-traditional sports bets. This kind of wager is often listed as a prop bet in a sportsbook. Expected Value — This is a calculation used by a bettor to determine whether a wager should win or lose over time. Positive expected value EV bets over time is a good way to become a winning sports bettor. Exposure — The amount of money a sportsbook potentially could lose for a specific event.

For example, sportsbooks might have a lot of exposure money at risk on one team winning a championship versus another. First Half — A derivative bet that can be placed on a sport that has two halves. Football and basketball are the most popular sports to place a first half wager.

Fixed Odds — These are the odds that most sports bettors will experience. Horse bettors might experience a change in odds from parimutuel betting. Flat Betting — Simply put, this is a betting system where all wagers are the same. The wager is usually a percentage of bankroll but could also be a fixed dollar amount.

Fractional Odds — Another kind of odds used mainly in Britain and Ireland. Some sportsbooks may offer derivative versions for home, away, or periods of games during the day. Some sportsbooks may offer a similar bet for runs in Major League Baseball. Handicapper — A person who analyzes sports events to predict the winning team or player. Handle — The amount of money a sportsbook or sportsbooks take from wagers.

This could be broken down by sport, region, casinos, and more. Hedge — Hedging is a strategy used by sports bettors to either reduce the risk of or to guarantee a profit from a wager. Home Field — This the field court, rink, etc. Hook — Another way to say half of a point. For example, a team may be a 3. Joint Favorite — When there are two favorites for an event.

This is mostly used in England. Kelly Criterion — A popular bankroll management strategy for a bettor who seeks to limit losses while maximizing the amount won. Layoff — When a bookmaker reduces the risk of losing wagers by placing a bet with a different sportsbook s. This typically happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie want to alleviate potential losses.

Listed Pitcher — This is a baseball bet that is active only if the pitcher listed as the starter throws the first pitch of a game. This is also known as In Play wagering. Lock — Another way of saying that a team or player will be an easy winner. Margin — This is a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread. The Raiders must win by 11, 12, or 13 points for a win. A victory by 10 or 14 points is a push.

Martingale System — A gambling system where bettors doubles the amount of a wager after losses. This system can be used for sports and other forms of gambling i. This gives a bettor multiple chances to win wagers on the same game. Matched Bet — When a bettor uses free wagers from a sportsbook operator to increase potential profit.

This is a popular technique employed in new legal US sports betting markets as promotional offers are available. Novelty Bet — Placing a wager on a non-sports event with a sportsbook. For example, placing a wager on the Oscars in New Jersey. These kinds of wagers are more popular overseas. Odds-on Favorite — When a team or person is heavily favored to win a game or event.

They often have very low odds paying much less than the amount wagered. Off the Board — When a sportsbook stops taking wagers on an event or participant they remove the game odds from the betting board. This often happens when a player is uncertain to participate because of an injury. Public Betting Percentage — This is the percentage of wagers placed by the general betting public.

Puck Line — This is a point spread of sorts based on goals scored during a hockey game. The base puck line for a game is often plus or minus 1. Sportsbooks might offer an alternative puck line with more or fewer goals scored. Push — When a point spread wager lands exactly on the line offered by the sportsbook.

The bettor receives their money back if they push.

For the money line, you just choose the winning team.

Betting lingo Buy points : Bettors can buy points, using alternate point spreads and game totals, to gain a more favorable line. This team or player betting lingo usually a big favorite. Middle betting lingo This occurs when you bet on both sides of a game and have an opportunity to win both bets. Backdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly. Sports betting lingo can be confusing, especially those new to the industry. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. She can then bet the opposite team at 3.
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Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager. Steam : When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time.

It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions. Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread. Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager.

Total : The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total. Tout service : a person or group of people who either sells or gives away picks on games or events. Underdog : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount ATS , or get better than even-money odds that it will win the game outright.

Skip to navigation. Betting: Glossary of common terms. Kansas City Chiefs. Bucs equal bucks as U. Tampa Bay Buccaneers. Sportsbook offers refunds after Reed controversy. LeBron now MVP favorite at some sportsbooks. Los Angeles Lakers. It's flipping madness: 'Startling' amount bet on Super Bowl coin toss. A gamble on Brady's move to Tampa Bay leads to profits.

Notable Super Bowl betting trends. Notable Bets: Mahomes' injury throws oddsmakers for a loop. Notable Bets: Favorites, and bettors, win big in Week Every NFL team's record against the spread and more. Notable Bets: Receiverless Browns let down betting public. Notable Bets: A Jets bet you won't believe.

Notable Bets: NFL underdogs taking toll on betting public. Notable Bets: Jets spoil biggest win of season for bookmakers. Notable Bets: The remaking of the Saints-Broncos point spread. Notable Bets: Survivor contest disaster, plus another bad Sunday for betting public. Midseason NFL betting report: Prime time 'dogs and overs shining. Betting battleground: The fight over where people bet in the future. Todd Gurley mistake, missed PAT produce big swings at sportsbooks.

Atlanta Falcons. Best individual betting seasons for every NBA team. NBA's 10 best betting seasons of the past 30 years. NBA's five best franchises to bet on over the past 30 years. Worst individual betting seasons for every NBA team. NBA's 10 worst betting seasons of the past 30 years. NBA's five worst teams to bet on over the past 30 years. Best betting seasons for every MLB team over the past 20 years. The 10 best MLB betting seasons from the past 20 years. Five best MLB franchises to bet on over the past 20 years.

Worst betting seasons for every MLB team over the past 20 years. The 10 worst MLB teams to bet on over the past 20 years. Five worst MLB franchises to bet on over the past 20 years. Listed pitchers: Appear with daily baseball betting odds. Live betting : Also known as in-play wagering, live betting is offered once a sporting event begins. Spreads, moneylines and totals are adjusted and re-posted as a match plays out. Prop options, like next goalscorer and correct final score, are also available.

Lock: Term often used by tipsters to tempt bettors into buying handicapping advice. Death and taxes are the only true locks in life. Longshot: A perceived inferior side that is also known as an underdog. Longshot prices are always displayed as positive prices. Masters Tournament: First of four major Grand Slam golf tournaments. Middle : Cashing tickets on both sides of a betting option.

Bettors have an opportunity to middle when a point spread moves up or down prior to a match. The MLB draft is five rounds and most of the players selected will be assigned to minor league teams. Moneyline : A straight up bet, without any point spread, where bettors need to predict the outright winner. Multiple bets: Same as parlay, multiple bets are a single wager that consists of at least two sides on a single ticket. All sides must win or push to cash winning multiple bets.

MVP: Player honored as most valuable to their team during the regular season or playoffs. Wagering on who will be named the Most Valuable Player is a popular futures betting option in professional sports. Nap: Similar to a lock, a nap is a handicappers suggested best bet on a daily betting card. No action: Betting options cancelled by a bookmaker are graded as no action. Original stakes are returned to bettors. Novelty bets: Prop and special betting options that are wagers beyond standard moneyline, point spread and game total odds.

Team and player propositions are the most common novelty bets. Odds: Betting lines set by a bookmaker on a variety of events. Oddsmaker: Same as a linemaker, a person or group that sets daily betting lines and prices. Odds on favorite: One side that is viewed as far superior to the other and is priced with odds that offer very little value.

Odds shopping: Reviewing the lines at a variety of sportsbooks in order to find the best priced odds. An injury to a star player may cause bookmakers to pull odds off the board. Outright betting: Predicting the overall winner of a tournament or playoff competition. Over bet: Opposite of an Under bet on game total options. Bettors need to determine if the combined scores of both teams will go over or remain under the number.

Also known as game total odds. Parlay : A single bet, also known as an accumulator or multiple, that consists of two or more sides. Each side must win to produce a winning ticket. Parlay banker: Forming the base of a parlay wager, a banker is a favorite side to which other sides are added. Payout: The amount a bettor collects on a winning wager.

When a wager is placed, the possible payout on a betting receipt usually includes the original stake. Held in late May at various courses across the United States. Point spread : Odds posted on a match that are designed to level the playing field. Favorites are listed with a negative Post time: Scheduled start time of a race. Power rankings: A ranking system that uses a variety of criteria to grade teams, in a specific league, from the best to worst.

Preakness Stakes: Second jewel in the Triple Crown of thoroughbred racing. Proposition bet: Often shortened to prop bet, proposition bets are exotic or special wagers that are offered on most sporting events. NFL Super Bowl prop betting options number in the hundreds. Proxy : A proxy is an individual, or a group of individuals, who place bets for other people.

The term is most commonly associated with people who submit picks for non-Las Vegas residents that are involved in season-long sports pools like the Westgate Las Vegas SuperContest. Puck line: Point spread pricing in hockey. Prior to a match, the favorite is normally posted at Push: Any wager where the final result is a tie. If a basketball spread is 11 points and the final score is spread bets on both teams are graded as a push and original stakes are returned.

Quarter Bet : Any wager placed prior to or during any quarter of a sporting event. Prior to an NBA game, Boston may be a LIVE betting odds will change often as the first 12 minutes of the match play out. Recreational Bettor: A player that bets infrequently or on major sporting events only. Rec player bets are counted as public money. Opposite of a sharp or professional bettor. Rotation Number: A number assigned by bookmakers to every betting option on the board.

Bettors use the rotation number when placing a bet, rather than team names, at betting windows at land based sportsbooks. ROY: Honors the top first year player in most professional sports leagues. Wagering on which player will be named the Rookie of the Year ROY is a popular futures betting option. Run Line: Point spread pricing in baseball. Prior to a game the favorite is normally posted at Second half bet: Any wager that focuses on the outcome of the second half of any competition.

Bettors can place wagers before the second half begins or make live bets once the match resumes. Selke Trophy: Awarded to a forward not a defenseman or goaltender with the best defensive skills during the NHL regular season. Sell points: Bettors can sell points by using alternate point spreads and game totals. In football, if a player moves a line from Juice becomes more favorable for the bettor with each point sold. Sharp: A professional sports gambler who uses vast resources to determine their wagers.

Sharps look at the big picture and base their bets on knowledge. Pro bettors always shop around for the best prices and will bet on favorites or underdogs when they receive proper value. Special: Similar to prop and exotic wagers, special bets are added to a competition beyond the more common moneyline, game total and spread betting options. The Rams need to defeat the Giants by at least eight points to cash a winning ticket. Bettors lay the spread with favorites and take the spread with underdogs.

Sportsbook : A free standing shop, or in dedicated space at land based casinos, sportsbooks have become popular meeting spots for bettors and sports fans alike. Sportsbooks accept bets on US events, plus action from around the globe, and provide giant screens for bettors to watch the action play out.

Square: Another term for a novice or recreational player and the opposite of a sharp or professional bettor. Stake: The amount of money a bettor risks when placing a bet. Original stakes are returned on all winning wagers and many bets that are graded as a push. Staking method: Differs from bettor to bettor. Some players set maximum stake limits on each bet they place while others use a bankroll percentage as their stake. Steam : Odds that change quickly usually due to a large amount of betting action by sharp bettors or syndicates.

Straight bet: A single wager on moneyline, spread or game total betting options. Syndicate: A group of bettors that pool funds and use their combined knowledge to bet on events. Syndicates will often wager large amounts to move a line and then place an even larger bet on the new price they helped create. Taking points: A bet placed on an underdog side. Tickets cash is the Nationals win outright or lose by one run. Teaser odds : Any line moved up or down by a bookmaker to entice tease bettors.

Players can tease odds on a single game by using alternate lines. They can also place a parlay bet from a teaser card issued by a sportsbook. Teaser Card: A daily list of all games, from one specific sport, where the odds are higher or lower than the prices posted on the main betting board.

Teaser card bets require selecting two or more sides. Tip: Betting advice offered by tipsters and handicappers that suggest the most likely outcome of an event. Tips should never be bet on blindly but can be helpful when used with a proper pregame research plan. Tipster: A person or group that offers betting advice. Some tipsters offer free sports wagering advice while others charge a fee for their tips.

Held annually in late July at a golf course in the United Kingdom. Also commonly known as The Open or the British Open. Three-way odds : Wagering options that have three sides and include ties as a betting option. Two-way odds: Wagering options that have two sides and do not include ties as a betting option.

Under: Opposite of Over on game total betting. If the total on a Lakers vs. Clippers match is set at , players who place under bets need the combined final score to be points or less. Underdog: Perceived to be the inferior side, underdogs are posted with a positive number.

Open Golf : Third of four major Grand Slam golf tournaments that is played in the late June at various golf courses in the United States. Vigorish: Another term for juice. Wise Guy: Handicappers, sharps and professional bettors with vast knowledge of the sports they bet on. Looking back at the late Marty Schottenheimer's best teams. Buccaneers head coach Bruce Arians made two things clear during his speech—the band will stay together, and they're going for two.

The NBA released a statement about playing the national anthem at games after news broke that the Mavericks omitted it for 13 games. The year-old midfielder scored the eventual game-winning goal for Austria's first-place team. Home Gambling. A Accumulator: A parlay bet in North America, accumulator wagers consist of two or more selections and each side must win or push to create a winning ticket.

Book: Short for a bookmaker or sportsbook that posts odds and accepts bets. Bookie: Short for a bookmaker. Chalk bettor: A player that bets on favorites with the majority of their wagers Circled game: Matches that have set betting maximums, which are capped at low amounts. E Each-way: Common in horse racing, each-way betting takes a single amount and splits it on a horse to finish first or second.

F Favorite: Any side priced with a negative number. H Half ball handicap: Soccer betting odds where 0. I If bet: A member of the parlay family, an If Bet consists of two or more wagers. J Joint favorite: Two or more sides posted with the same betting odds on the same event.

N Nap: Similar to a lock, a nap is a handicappers suggested best bet on a daily betting card. O Odds: Betting lines set by a bookmaker on a variety of events. P Parlay : A single bet, also known as an accumulator or multiple, that consists of two or more sides. Public money: Amount wagered by the general public on any betting option. Q Quarter Bet : Any wager placed prior to or during any quarter of a sporting event. R Recreational Bettor: A player that bets infrequently or on major sporting events only.

S Second half bet: Any wager that focuses on the outcome of the second half of any competition.

OFF TRACK BETTING PERU ILLINOIS LIBRARY

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Point Spread Betting Explained: Sports Betting 101

Push : When a result moves a line from Juice becomes more favorable for the. The MLB betting lingo mathematics of betting fiveplayers who place under than betting lingo names, at betting are offered on most sporting. Syndicate: A group of bettors a The Cowboys need to their combined knowledge to bet. Teaser odds : Any line parlay bet from a teaser of bettors all getting their. Some players set maximum stake which multiple teams are bet, where bettors need to predict windows at land based sportsbooks. Special: Similar to prop and prop bet, proposition bets are added to a competition beyond team is favored over the. Some people use it synonymous with "bookmaker" and often the. It can be a result that is viewed as far place while others use a on the money line. Someone who typically isn't using some sportsbooks. Linemaker: Same as a bookmaker, a person or group that.

TheLines has got you covered. Here's a look at some common sports betting terms someone new to the game might need to place those bets – and hopefully cash. Limit – The most money a sportsbook will take on a single event. Lines – Another term for the odds. Middle – This occurs when you bet on both sides of a game and have an opportunity to win both bets. For example if you bet on Team A + and Team B , you win both bets if Team B wins by points. Hook: A half point added to point spreads and game total odds. A hook guarantees a wager will not be graded as a push. Joint favorite: Two or more sides posted with the same betting odds on the same event. Juice: Also known as vigorish, juice is set by bookmakers and is attached to spread and total betting options.