Having some problems keeping up with today's betting lingo? Fret no more, because here are the different terminologies ya'll can use to keep up with the best. Yup, you can do that because the best come here, and now, you're one of 'em.
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1.Action
means having a wager or a bet.
2.Air Move
when a sportsbook changes the line on a game not in reaction to bets they receive but rather in response to another book changing their line
3.Angles
when you use past game results to predict future results
4.Against The Spread
means making a wager that will be decided by adding points to one team or the other after the game is played
5.Arbitrage
means making a combination of bets so that if one bet loses, another wins
6.Bar
to refuse someone from placing a bet in a given sportsbook
7.Beard
a person who makes bets for another person
8.Bet
to risk money on the outcome of an event
9.Bet Limit
maximum bet size accepted by any given sportsbook
10.Betting Exchange
a form of betting available on the Internet in which two parties are brought together to bet against each other
11.Bet To Win
a wager on an individual to win an event
12.Chalk
the favorite
13.Churn
the betting and re-betting of money
14.Circled
a game on which the book or bookie has placed a lowered maximum bet limit
15.Cover
to win against the spread
16.Credit Betting
betting without needing to have up front money on account to place a wager
17.Data Mining
means sorting through a large volume of data, usually statistics, searching for profitable situations to bet on the future
18.Dime Line
a line that charges only half of the juice of standard football bets
19.Dog / Fav Money Line Differential
the difference in money lines between the favorite's lay price and underdog's take back
20.Early Line
the first line posted for a game
21.Edge
the belief that you have an advantage when placing a bet
22.Even Money
betting a dollar to win a dollar without laying any juice
23.Exotic
a bet other than the more conventional side or total bets
24.Favorite
the team expected to win
25.Field
a group of the entrants whose odds are not individually listed to win an event, usually longshots
26.Flea
a small bettor who wants something for nothing
27.Front Running
following betting lines on a computer, and betting in the same direction of line moves
28.Futures
bets placed far in advance of the sports event
29.Gamble
to risk money on the outcome of an event
30.Handicap
to handicap is to analyze a contest and then to predict the outcome
31.Handle
total amount of money taken by sportsbooks from placed bets
32.Hedge
to bet the opposite of an original bet to offset the possible loss on the original action
33.Hook
the half point in a point spread
34.If Bet
allows you to link together two or more individual bets, similar to parlay
35.Juice
the amount charged by the bookmaker for taking bets
36.Line
used to even the odds of a particular sporting event
37.Longshot
a large underdog who is not expected to win
38.Matchup Betting
a bet based upon one individual competing head-to-head against another individual or a group of individuals
39.Middle
to have separate bets on competing teams and for there to be the possibility of winning both bets
40.Money Line
odds strictly on the straight-up game outcome with no consideration for a point spread
41.Odds
the likelihood of an outcome occurring, stated in number form
42.Off The Board
if a game is off the board, the sportsbook is no longer taking bets on it
43.Offshore Sportsbook
a sportsbook accessed online over the Internet that offers several betting advantages due to convenience and competitive lines
44.Opening Line
the first line posted for a particular sporting event
45.Over
to bet that the final combined score of both teams in a game will exceed the Over / Under total posted for betting purposes
46.Over / Under Bet
a bet on the combined scores or total points scored by both teams in a game
47.Parlay
a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together
48.Parlay Card
a set of sides, totals and prop bets printed on a card
49.Pick
any bet recommended by a handicapper
50.Point Spread
used to even the odds of a particular sporting event
51.Post-up Betting
betting from an already funded account
52.Power Ratings
numbers that handicappers assign to teams to estimate how likely one team is to beat the other and/or by how many points
53.Proposition Bets
additional, more exotic betting options on major sporting events
54.Public Money
betting action coming from unsophisticated bettors or squares who get information from newspapers and TV preview shows
55.Round Robin
a series of parlays
56.Side
to bet on a single team to win a game against the spread
57.Square
an unsophisticated gambler who uses the same information in the same way as everybody else does
58.Straight-up
winning straight-up means simply winning on the scoreboard without any regard to the point spread
59.System
using past game results to predict future results
60.Teaser
similar to parlay, a teaser bet is a single bet that links together two or more individual wagers but is different in that it also allows you to adjust the point spread of each individual wager
61.Total
a number set by a sportsbook for total points to be scored by both teams during a game
62.Trend
using past game results to predict future results
63.Under
to bet that final combined score of both teams in a game will fall short of the Over / Under total posted for betting purposes
64.Vig
the bookmaker's commission
65.Wiseguy
a successful bettor or handicapper whose insight comes from knowledgeable connections rather than his own handicapping
