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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