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SPORTSBOOK GLOSSARY

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Reviewed Sportsbook Glossary

 

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.

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- in by more than the pointspread

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

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 pointspreads, 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 visting 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

Overplay- 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'em- A game where neither team is favored Player- Bettor or 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 smae 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

Toss Up- Game where the line is close to pick-em

Tout Service- A business that sells opinions on sporting events

Underlay- When the odds on a proposition are in favor of the house

Value- An overlay

Vigorish- Juice

Wiseguy- Established and successful sports bettor

 

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