Online Sports Betting Terminology

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A

Accumulator

An accumulator is comparable to a gamble that combines several wagers into a single stake. The stake can only succeed if all of the bets triumph. An accumulator fails if one part of the Bet fails.

Action

Action is any sports betting choice or the overall sum gambled on a particular event. Bookmakers accept all odds that are posted for Betting.

Across the board

Across the board means placing a bet in three different horse racing wagers: win, place, and show.

Added Games

Added Games show up after the main lists have been posted and show up on betting boards. They frequently appear in college football and mostly do so as a result of fan demand. A contest that was postponed the day before, such as a baseball rainout, might also be considered an additional game.

AET Odds

AET odds in online sports betting, occur when additional time is added at the conclusion of regulation time due to in-game stoppages, after extra time (AET) odds⁶ are typically provided on soccer games. AET odds are available for live Betting.

Against the Spread

Against the spread refers to the act of taking or laying points rather than grabbing a game straight up. It's also regarded as the spread.

Also Ran

“Also ran’ refers to an athlete, horse, or greyhound that doesn’t finish in a paying position during a race.

All-in

All-in is referred to as a bet that consists of multiple sporting events, all of which must have action and result in a win. The Bet is returned if a game is abandoned or not played at all. This is a wager in poker where a player pushes all of their chips into the pot.

Alternative line

An alternative line is a point spread or total that differs from the norm, with the vig modified to reflect the danger of that line.

American Odds

American odds, also referred to as Moneyline odds or US odds, are presented in hundreds and thousands with a plus (+) or negative (-) sign to indicate the favorite and underdog, respectively, and the predicted return. If a team is rated as a 5/1 underdog, American Odds will display them as +500.

Ante-post

Ante-posts are futures odds for races involving horses and dogs that are published at least one day beforehand.

Arbitrage

Arbitrage is a tactic that includes placing bets on both sides of a wager at various odds, most frequently at various sportsbooks, to ensure a profit regardless of the outcome.

Asian Handicap

Asian Handicap is a different type of soccer wager in which the superior team is “handicapped” to start as the Favorite. Asia is where this type of Betting first emerged.

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B

Backdoor Cover

The backdoor cover refers to a team that wins against the spread late in a game. Just the Wager may or may not be impacted by the team that made the late cover.

Backed

Backed is another term for a team that has accumulated the majority of bets. It might also be regarded as the preferred option.

Bad Beat

A bad beat refers to an unlikely wagering defeat that typically occurs late in the game.

Banker

Banker in online sports betting refers to a bet that is thought to be almost certain to succeed.

Bankroll

A bankroll is a sum which is set aside for online sports gambling.

Bankroll Management

Bankroll management is a method for determining the size and placement of bets.

Bar Price

Bar price is also referred to as a “field” wager. It is the odds mentioned for the final option.

Beef

Beef is usually a circumstance, argument, or claim involving a gambler and a bookmaker, dealer, or another employee of the casino.

Beard

A beard is referred to as one who makes a bet on behalf of someone else who prefers to remain anonymous.

Beginner’s luck

Beginner’s luck refers to newcomers winning streak

Betting Exchange

Betting Exchange refers to a betting system that dispenses with the necessity for a bookmaker and enables users to wager openly with one another.

Betting Strategy

Betting strategy is one of the usual methods used by gamblers to get an advantage over bookies

Bettor

A bettor is an individual who places a wager upon the prediction of an outcome in online sports.

Bonus

A bonus is a reward or incentive provided by a sportsbook to draw in new customers, encourage deposits, or boost activity on a particular game or market.

Book

Book is the process of offering odds and taking bets. It also refers to a bookmaker’s accounts and their accounting of the sums wagered on each opponent.

Bookie

A Bookie is a person who is authorized to take bets and dispense betting lines. Also known as Bookmaker

Buck

Buck is a $100 bet.

Buy price

The buying price is the higher amount quoted when placing a spread or index bet. It is the sum that the bettor staked.

Buying Point

Buying point is a practice of making a wager on a point spread and paying to have at least one point go in your favor.

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C

Calder Cup

A Calder cup is given to the NHL rookie with the best overall season performance.

Cash Out

Cash-out refers to the process of taking your earnings out of the sportsbook.

Chalk

Chalk is an expression used to describe the event’s favored team.

Chalk Eater

A chalk eater is someone who exclusively wagers on the favorites.

Chase

Chase literally means boosting stake size or gambling recklessly and hastily in an attempt to recover lost funds.

Circle Game

Circle Game is a game where the wagering restrictions are reduced, typically because of accidents, bad weather, or other unforeseen circumstances.

Closing line

The closing line is referred to as the last set of odds for a game before bookmakers remove it from the gambling deck.

Closing line Value

Closing line value is referred to as the worth of the line that was staked on prior to the last line that was available before a game started and is measured by bettors using this word.

Combination betting

Combination betting is a description of any wager with more than one pick.

Consensus

Consensus is the more popular side of a bet. The Covers Consensus displays the proportion of bets that are cast on one hand.

Contrarian

A contrarian is a bettor who opposes consensus ratings, the preferred course, or popular opinion.

Correct Score

A correct score means bettors are given a list of potential match results.

Correlated Parlay

A Correlated Parlay is a wager where the bets are connected in some way, such as wagering over the total and parlaying a strong favorite to cover, knowing that the team will need to score a lot of points to cover the spread.

Cover the Spread

Covering the spread means being successful in a wager made against the point spread.

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D

Dead Heat

Dead heat is another method to state the existence of a knot for first place. If there is a tie or a dead heat in an event, sportsbooks have various regulations for how to earn.

Decimal odds

Decimal odds are sometimes known as European odds, and they are represented by decimal values like 1.91. For a $1 bet, decimal odds display the total return (win plus initial stake). Utilize our odds converter tool to change the odds.

Degenerate

A Degenerate is a habitual gambler.

Dime

Dime in the betting space means $1000.

Dime Line

The dime line is a “10 cent” spread in the Moneyline odds payout between bets placed on favorites and bets placed on underdogs.

Dog

“Dog” is an abbreviation for the underdog. The squad that is not predicted to succeed is this one.

Dog bettor

A dog bettor is a player who favors placing wagers on underdogs.

Dollar

A dollar in betting space means $100.

Double action

Double action bets, also referred to as “If bets,” transfer the stakes and/or earnings from an expected-to-win Wager to a second betting option without the player’s intervention.

Double chance

Double Chance is a word used in European sports betting that primarily refers to soccer betting. With a double chance wager, the bettor has two chances to win. Soccer results, for instance, can be a victory, a loss, or a tie. A double-chance bettor might choose to combine two of the three outcomes rather than just one. This increases the gambler’s chances of winning the stake by two.

Double Header

A double-header is most frequently played in baseball after a prior game is postponed due to inclement weather. Also known as two games are scheduled to be played back-to-back.

Double pop

Double pop refers to a slang term used in Europe to describe someone who will wager twice as much as usual. In the US, this is more frequently referred to as doubling up.

Double Result

A Double result is a singular betting choice that contains the points total of a game at halftime with the score of the same tournament at the conclusion.

Draw

The draw is most frequently a betting choice in soccer and combat sports, a tie game or a match.

Drifting

Drifting is a phrase that refers to odds that are increasing (getting higher) after the opening line is posted

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E

Each-way

Each-way Betting is popular in horse racing and divides a single wager between a horse that will place first or second. If the horse places first, both bets are paid, but if the horse places second, only one Bet is paid. First-place wins always yield higher returns than second-place wins do.

Early cash Out

Early cash out is a choice offered by online sportsbooks to withdraw a portion of profits before the outcome of a wager is final.

Earn

Earn means hold for percentage.

Edge

Edge means a benefit a bettor has over a sportsbook (or vice versa).

European odds

European odds are sometimes referred to as decimal odds and are represented by decimal values like 1.91. For a $1 bet, European odds display the whole return (win plus initial stake).

Even Money

Even money refers to Wager, which pays out exactly the amount that was staked initially. An investment of $100 would result in a profit of $100 on fractional (1/1) American (+100) or decimal (2.0) odds.

Exacta

An Exacta is Wager on horses in which you choose the first and second-place finishers.

Exotic Wager

“Exotic Wager” is an unconventional sports wager. Exotic bets are not bets on an event with a point spread, playoff odds, or futures. A sportsbook will frequently categorize this form of Wager as a teaser bet.

Expected Value

Expected value is an estimate of the long-term probability of winning or losing. Long-term gains are guaranteed by positive expected value (+EV). Long-term losses are provided via negative expected value (-EV).

Exposure

Exposure is referred to as the maximum amount of money a sportsbook stands to lose on a game. It's also known as liability.

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F

Favorite

Favorite is the person or team predicted to triumph.

Field

Field means futures odds that have a feature that enables bettors to select any other alternative except the specific clubs or players the firm has specified as odds.

Fin

Fin is used interchangeably with a $50 wager in online sports betting.

First Half

The First Half is a type of Wager that can be made on a game with two halves. The two sports where bets are most frequently placed in the first half are basketball and football. This is known as a “halftime result” in soccer.

Fixed odds

Fixed odds are assumed odds at the time a wager is made. Even if the probabilities for the important pick alter in the future, they remain constant.

Flat Betting

Flat Betting is referred to as a betting system where all bets are equal, to put it simply. The amount of the Bet is not altered by victories, losses, or any other outside opinion. The Wager, which could potentially be a predetermined financial amount, is often a percentage of the bankroll.

Flea

Flea means a sports bettor seeking compensation for a very tiny wager. Frequently regarded as bothersome.

Form

The form is a periodical that publishes information about horse racing.

Fractional odds

Fractional odds are among the three major ways to convey odds. Utilized frequently in the UK.

Future Bets

Future bets are bets that are made in the hopes that a certain outcome will occur in the future.

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G

Game total Bet

‘Game total bet’ is a game’s goal, point, or run total that can be predicted by placing an over/under Bet. In the case of a baseball game with a 7.5 run total, bettors must choose whether they believe the total number of runs will be over or under eight.

Get down

Get down is a colloquial expression for making a bet.

Giving the points

Giving the points refers to betting on the preferred.

Graded Bet

A graded bet is a bet that bookmakers formally label as a winner, a loser, or a push after a contest has concluded.

Grand Salami

Grand Salami refers to a bet made expressly for ice hockey on how many goals would be scored overall during all of the games that day.

Grand Slam

Grand slam refers to a wager in racing where you must select a horse to finish in the top three in three straight races and another official winner in the next race.

The four biggest championships are referred to as a grand slam in sports. For instance, these are the Grand Slam competitions in tennis (if together with the Olympics Golden Slam). Grand slam is also applicable to golf.

Grid

A grid is a chart showing the wagers that can be placed through an online sportsbook.

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H

Half ball Handicap

Half-ball handicaps are odds for soccer wagers where the point spread is 0.5 goals, plus or minus.

Halftime line

Halftime lines are odds that are only depending on the outcome of the second half and are released at the half of a game. A second-half line is another name for it.

Handicapper

A handicapper is an individual who analyzes statistics, injuries, the environment, and the news to forecast game results.

Handle

Handle refers to the entire sum of bets made on a sportsbook, whether they were made on a variety of sports or just one game.

Heater

‘Heater’ is known as a winning streak.

Hedge

A hedge is quite frequently used as a risk control strategy and with parlay betting. By placing a bet on the opposing side of the initial Wager, you can secure a profit by hedging your Bet. Another option is to place a hedge bet to lower the initial risk of a potentially unsuccessful gamble.

High Roller

A High Roller is a gambler who places significant bets.

Hold

A hold is the percentage of money that bookmakers keep from each dollar that sports bettors stake. The hold would therefore be 6% if, for example, a sportsbook accepts $1 million in handle over the course of a month and earns $60,000 from bettors.

Home field

A home field is a number in the spread that is thought to favor the home team. In football, the home-field advantage is frequently equated to three points or a field goal.

Hook

The hook is the halfway point in the point spread. Push probabilities are wiped out when betting with the hook.

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I

If Bet

‘If Bet’ refers to a bet that consists of at least two independent wagers connected by an if statement that controls the wagering process.

Implied probability

Implied probability is an estimated probability of a specific occurrence based on the odds offered by a bookmaker.

In-play/ In-game/ In-running

In-play or In-game is a betting market that changes continuously throughout an event, enabling a player to wager on a game as it’s being played in real-time.

In the Money

In the money is the designation for a winning, second-placed, or third-placed horse in a race (win, place, show).

Index betting

Index betting means spread betting.

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J

Joint Favorite

A joint Favorite is when there are two or more sides reported odds that were identical on the same event

Juice

Juice is the commission that the sportsbook keeps as part of the cost of placing a wager. Additionally known as vigorish, vig, or price. Instance: The majority of point spread wagers have -110 juice.

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K

Kelly Criterion

Kelly Criterion is a well-liked bankroll management technique for a bettor who wants to minimize losses while boosting winnings.

Key Numbers

The phrase Key Numbers is commonly seen in football (3, 6, 7, 10). Point spreads are frequently based on these key figures.

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L

Lay a bet

Laying a bet is referred to as when a bettor bets on the favorite or when a bookmaker accepts a bet.

Laying the points

Laying the points means choosing a favorite to win. Dallas is a -2.5 point favorite over the LA Rams in a wager, and 2.5 points are being laid. For the Cowboys to cash a winning ticket, they must prevail by at least points.

Laying the price

Laying the price is the process of betting on the favored using a money line.

Layoff

A layoff is when a betting market places a wager with a different sportsbook to lower the chance of losing bets (s). This often occurs when a sportsbook or bookie wants to limit potential losses due to lopsided Betting on one side of a game.

Lengthening odds

Lengthening odds are odds that are increasing.

Liability

Liability is the amount of money a sportsbook stands to lose by betting on a certain outcome. Often referred to as exposure.

Limit

Limit refers to high and low wagering restrictions that bookmakers impose change depending on the sport and betting alternatives. Players should establish and adhere to personal betting limits as part of an effective bankroll management approach.

Lines

Lines are the chances in a game (also referred to as price).

Line movement.

Line movement is the odds that a sportsbook adjusts according to the handle, liability, injuries, trades, weather, and other influencing circumstances.

Line maker

A linemaker is a person responsible for setting the odds. Also referred to as an oddsmaker.

Listed Pitcher

A listed Pitcher is a wager on a baseball game that only becomes active if the Pitcher designated as the starter delivers the opening pitch. A bettor can bet on “activity” if it isn’t important who the Pitcher is. Regardless of who starts the game for the club you bet on, the latter Wager will still take place.

Live Betting

Live Betting, also referred to as in-play Betting, is available as soon as a sporting event starts. As the game progresses, spreads, money lines, and totals are modified and updated. There are extra prop options like the next goalscorer and accurate ultimate score.

Live odds

Live odds are markets with odds that frequently change during a game.

Lock

The lock is another way to express that a man or team will win easily. (Note: Despite what a sports prognosticator or tout claims, this isn’t always the situation.)

Longshot

A longshot is a wager that is made in a market that is thought to have very little possibility of winning.

Lump on

Lump-on is slang for placing a bet.

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M

Margin

Margin means a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread. For example, the Oakland Raiders will defeat the Los Angeles Chargers by 10-14 points. 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

The Martingale system is a betting strategy in which players increase their stakes after losing. This approach is applicable to sports betting and other types of gambling (i.e., blackjack).

Matched Bet

Matched Bet means that once a bookmaker makes use of free bets provided by a sportsbook operator to boost possible earnings. Due to the availability of promotional deals, this strategy is used frequently in new legal sports betting markets in the US.

Matchup page

A matchup page is a thorough page that compares two sides of a game using data and facts for handicapping.

Middle/ Middling

Middle or Middling means playing many sides of the same game while mucking a sports wager. A bettor now has many opportunities to win bets on the same game.

Money management

Money management is a procedure or set of guidelines that gamblers adhere to when it comes to the stake size, total amount at risk, and how their funds will be allocated among various bet types. Sometimes referred to as budget management.

Money line

Money line means using odds determined by a team’s likelihood of winning; a money line bet is betting on the game’s overall winner.

Moose

Moose is a disastrous last-second defeat.

Moving the line

Moving the line is the practice of making a wager on a point spread and paying to receive half a point—or more—in your favor.

Morning bet

Morning odds refer to odds for the following day that are listed or predicted; often, this information is released fairly early in the morning.

Multiple Bets

Multiple bets are similar to a parlay; a multiple bet consists of at least two sides on a single ticket. To cash-winning multiple wagers, all sides must prevail (or push).

Mush

Mush is a gambler with poor luck.

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N

Nap

Nap is a winning wager for the day. Derived from the card game Napoleon, where the “nap” hand is the best.

Newbie/Noob

A newbie is a newcomer to sports betting.

Nickel

Nickel is a colloquialism for a $500 wager.

No action

No action is assigned to bets that bookmakers cancel. Bettors receive a refund of their initial investment.

Nosebleed

Nosebleed means a slang for situations where the stakes are especially high

Novelty Bet

Novelty bet means utilizing a sportsbook to place a wager on a non-sports event. For instance, NJ sports betting on the Oscars. These bets are more common in other countries.

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O

Odds

Odds are betting lines that a bookmaker has established for various events.

Odds Against

Odds against means odds that are better than even money, which means you could win more money than you bet.

Odd Compiler

An odd Compiler is a person or people who establish the odds and lines at a bookmaker and modify them as needed to produce a balanced book.

Odds on

‘Odds on’ means less favorable than even money odds.

Odds-on-favorite

‘Odds on favorite’ means an enormous Favorite that is pegged at -101 or higher and advertised at a price greater than even money (+100).

Oddsmaker

An oddsmaker is someone that determines the odds for sports betting. Additionally called a linemaker.

Odds Shopping

Odds shopping means comparing the odds offered by other sportsbooks to locate the greatest value.

Off the board

Off the board game are game odds; they are removed from the betting board when a sportsbook discontinues accepting bets on a particular occasion or player. This frequently occurs when a player is unsure whether or not to participate due to an injury.

Opening line

The opening line is the initial odds that a sportsbook posts for a market or event.

Out

Out means a place to make a bet

Outright Betting

Outright Betting means determining the overall champion of a tournament or playoff event.

Outsider

Outsider means selection for a bet with a slim likelihood of success.

Over

Over means betting more than the anticipated total.

Overlay

An Overlay is a circumstance in which a player has better odds than the house to win a game.

Over-round

Over-round is how much money bookmakers make off of their wagers.

Over/under Bet

An over Bet on the overall quantity of something (such as points or goals scored in a match). You place a wager on whether the total specified by the Bookmaker will be over or under.

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P

Parlay

A parlay is a bet that is made once on several different wagers. The parlay’s potential win increases with the number of bets added. However, for the parlay to win, every Wager in it must triumph.

Parlay Banker

A banker is a favorite side that serves as the foundation of a parlay wager and is then supplemented with other sides.

Past Post

‘Past post’ is a wager placed following the start of a contest or race.

Payout

Payout is the amount of money that is received from a bookmaker after a successful wager.

Permutation betting

Permutation betting is a bet type that includes many choices in various combinations.

Pick/Pick ’em

Pick is s game that is extremely close and in which neither team is given a point spread advantage, letting bettors choose the winner outright.

Player Props

‘Player prop’ is known as a stake on a specific player to take action during a game

Pleaser

A pleaser is a point spread wager with several choices in which the spread for each choice is altered against the bettor.

Point Spread

The point spread is the margin of victory that the oddsmakers choose to establish in order to draw bets on both the favorite and the underdog. To cover the point spread, a favorite must win by a margin greater than the point spread. If the underdog loses by fewer points than the spread or triumphs outright, they will have covered the spread.

Power Ranking

Power Ranking means establishing a ranking score for each team in order to enable a bookmaker, handicapper, or bettor to calculate a point spread. Expert handicappers evaluate their point spreads with a bookmaker to identify the best wagers available.

Press

Press means to bet a sum that is greater than usual.

Price

Price is a different word for odds.

Pricing the market

Pricing the market is the process of establishing the odds or lines for a betting market.

Print Sheet

A print sheet is a collection of numbers and details that is frequently printed alongside the betting odds papers for the games that day. The majority of sportsbooks offer printouts.

Professional handicapper

A professional handicapper is someone who bets on sports for a living.

Proposition bet (props)

A Proposition bet is Wager on something that isn’t immediately related to how the game will turn out. For instance, it might be the first team or player to score in a match.

Proxy

A proxy is a person or group of persons acting as a proxy for another person’s bets.

Public Money

Public money is often used to refer to recreational gamblers, who place the majority of bets.

Public betting percentage

The public betting percentage represents the proportion of bets that were made by the general betting public.

Puck line

The puck line is associated with the goals scored during a hockey game; this is somewhat of a point spread. Due to the low number of goals scored, the base puck line for a game is frequently plus or minus 1.5. Alternative puck lines with more or fewer goals scored may be available at sportsbooks.

Punter

A punter is a bettor on sports. The United Kingdom makes use of it more frequently.

Puppy

Puppy is one of the other methods to convey that a team is an underdog in a match.

Push

Push is when a point spread wager finishes precisely on the line provided by the Bookmaker. In case of a push, the bettor is reimbursed for their stake.

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Q

Quarter Line

A quarter line is a set of odds that are only evaluated based on how the game goes in the first period. Quarter lines for the second, third, and fourth quarters will be available for in-game wagering.

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R

Recreational bettor

A recreational bettor is a bettor who only places bets sometimes or on important athletic events. Rec. player wagers are considered public funds. Contrasting with a knowledgeable or skilled bettor.

Reduced Juice

Reduced Juice is a sportsbook that frequently runs promotions where they provide lesser vig than the typical -110 flat rate, such as -105 per side.

Return

Return is the amount of money earned after a successful wager.

Reverse line movement

A reverse line is when the line is traveling in the opposite direction from where it is supposed to be going, signaling that more money is being bet on the other side, although there are more bets on one side.

ROI

ROI refers to return on investment; it is an abbreviation. Simply divide the cost of an investment by the gain from the investment to determine the return on an athletic gamble.

Rotation Number

The rotation Number is a unique ID number given to each betting choice available and is known as the rotation number.

Round Robin

Round Robin is one ticket made up of many parlays.

Run

A run is a betting line used specifically in baseball.

Run Line

The run line is the point spread in baseball; 1.5 runs are the standard.

Runner

A runner is one who wagers on another’s behalf. Also known as a beard.

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S

Scalper

‘Scalper’ is a tactic that includes placing bets on both sides of a wager at various odds, typically at various sportsbooks or at a betting exchange, in order to improve the likelihood of winning and ensure a profit no matter the outcome.

Scamdicapper

A handicapper means a shill who makes outrageous claims regarding win rates and outcomes.

Score

A score is referred to as a big win

Sell points

Sell points are alternate point spreads used by bettors

Sharp

Sharp is a colloquial phrase for a knowledgeable, expert, or professional bettor.

Sharp Money

Sharp money is a sportsbook operator’s respectable wagers made on sports. Large bets made by seasoned gamblers are frequently where the sharp money is found. It should be emphasized that not all significant bets are regarded as Sharp.

Short odds

Short odds are an alternative word for low odds

Single

Single means betting with one selection

Soft line

The soft line means a line that the sports bettor believes has to value.

Special

Special means a bet on a particular result in a sporting event, such as the first player to score.

Sportsbook

A sportsbook is a location (physical or online) where bets on sporting events are accepted, and winners are paid out.

Spread

Spread is short for Point Spread

Spread Betting

Spread Betting is a form of wagering in which the amount a bettor wins or loses is based on how much the value of a certain outcome deviates from the predicted value indicated by a bookmaker.

Square

A square is a casual sports bettor who does it for fun. This individual enjoys placing sports bets. Sportsbook managers do not regard them with the same respect as knowledgeable or experienced bettors.

Stake

Stake means the amount of money placed on a bet

Steam

Steam represents a significant change in odds or a wagering line that is typically brought on by the amount of money being staked.

Straight up

‘Straight up’ means betting on a team to win outright. Also known as a money line bet.

Sucker

Sucker is a wager that has a low possibility of success or one that has a large hold for the Bookmaker.

Superfecta

Superfecta is a wager on horse racing in which you select the winners in positions one through four.

Sweat

Sweat means a Wager that is decided at the very last second

Syndicate

A syndicate is a group of gamblers who pool their resources and Wager on events using their collective wisdom. Syndicates frequently place significant bets to shift a line and then make even greater bets on the new price they helped establish.

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T

Take the points

Take the point is an underdog wager which involves accepting the points that the Bookmaker is willing to award the bettor.

Take the price

‘Take the price’ is comparable to taking points when a bettor accepts the odds on a game that the sportsbook is offering. Usually, a money line wager is made on the underdog.

Tapped out

Tapped out means out of money

Teaser

‘Teaser’ is any change in the line made by a bookmaker to tempt (tease) punters. By adopting alternative lines, players can manipulate the odds in a single game. They can also use a teaser card provided by a sportsbook to place a parlay wager.

Three-way-odds

Three-way-Odds mean betting possibilities with three possible outcomes, including ties.

Ticket

A ticket means a confirmation document provided by a bookmaker that a bet has been accepted.

Tilt

Tilt is placing irregular bets in response to losses

Tip

A tip is the prediction about the most likely result of an event made by tipsters and handicappers.

Tipster

A tipster is a person or organization that provides gambling advice. While some tippers demand a fee for their predictions, others provide free sports betting advice.

Tissue Price

Tissue Price is an initial odd that a sportsbook offers. This amount is typically thought to be the most reasonable wagering price.

TKO

TKO is an abbreviation for Technical Knockout in Boxing games.

Totals

Totals is a wagering option in which a gambler chooses to wager on the Over or Under of the runs, points, or goals scored in a game.

Tout (services)

Tout is one who either sells or freely distributes game picks.

Trader

A trader is a person or people who establish the odds and lines at a bookmaker and modify them as needed to produce a balanced book.

Treble

Treble means Wager with three distinct selections

True odds

True odds are chances of an event occurring are known as true odds. The most accurate point spread or money line in sports betting is this.

Two-way-odds

Two-way betting means betting possibilities that only offer two sides and exclude ties.

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U

Under

Under means, two teams’ combined score is less than the limit imposed by the Bookmaker.

Underdog

Underdog is the wagering option with the lowest winning probability.

Underlay

An underlay is a circumstance in which a game’s odds favor the house over the bettor. Contrary to overlay.

Uniforms

Uniforms are referees or officials in a game.

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V

Value

Value is also known as an Overlay

Value Bet

A value bet is a bet where the potential chance of winning is higher than the odds would indicate.

Vig/Vigorish

Vig/Vigorish is the percentage of the commission the house keeps. This is also known as Juice.

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W

Wager

Wagers is also known as Bet

Welch

Welch is someone who doesn’t pay out on a bet

Wire-to-wire

Wire-to-wire Bet assumes that a team will lead for a predetermined period of time or for each quarter. In basketball, wire-to-wire wagers are the most common.

Wise guy

A wise guy is a knowledgeable or experienced bettor. Also called sharp money or clever money.

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X

X-sport prop

X-sport prop is a prop wager that takes into account outcomes from two distinct sports. Most frequently place wagers on major events like the Super Bowl. The term “cross-sport prop” is also used.

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Y

Yankee Tax

Yankee tax is a further cushion that bookmakers include when setting odds for well-known or widely-known teams because they anticipate that there will be a lot of movement on those teams. Bearing the New York Yankees’ name.

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Z

Zebras

Zebras depict referees or officials in a game.