Help Guide From Online Casino Reports
Gambling Glossary -
How To Talk Like A Gambler!
ACTION
A wager of any kind, a bet. In baseball, placing
the bet no matter who pitches.
BEARD
A friend or acquaintance or other contact who
is used to placing bets so that the bookmakers
will not know the identity of the actual bettor.
Many top handicappers and persons occupying sensitive
positions use this method of wagering.
BOOK
An establishment that accepts wagers on the outcome
of horse racing and sporting events.
BOOKIE
Person who takes clients' bets.
BUCK
A $100 wager.
CANADIAN LINE
A combination point line and moneyline in hockey.
CHALK
A favorite.
CHALK PLAYER
Someone who usually only plays the favored teams,
rarely
betting on the underdogs.
CIRCLED GAME
A game in which the betting action is severely
limited; usually occurs in games that feature
key injuries, inclement weather, or unsubstantiated
rumors regarding a team; most bookies "circle" all
IvyLeague Games.
COVER
To bet the spread by the required number of points;
if such occurs you have "covered the spread".
DIME or DIME BET
A $1,000 wager.
DOG
The underdog in any betting proposition.
DOG PLAYER
One who mostly plays the underdog.
DOLLAR BET or BUCK
A $100 wager.
DOUBLE BET
A wager for twice the size of one's usual wager;
also known as "double pop" or "doubling
up".
DUE FOR
A team that is "due for" whether it
is a win or a loss; many bettors like to play "due
for" situations.
EAST COAST LINE
Mainly used in hockey, which has a split-goal
line e.g. - NY Rangers (1 - 1 1/2) favorite
over the Vancouver Canucks as opposed to goal
spread plus moneyline (-1/2 -180).
EVEN MONEY
A wager in which no vigorish or juice is laid.
EXOTIC WAGER
Any bet other than a straight bet, i.e., parlays,
teasers, if bets, reverses, round robin, round
robin box reverses, etc.
FUTURES
Odds posted on the winners of various major sport
championships in advance of the event, including
the Super Bowl, the World Series, the Stanley
Cup and the NBA championship.
GETTING DOWN
Making a wager.
HANDICAPPER
One who studies, rates and wagers on sporting
events and/or races.
HANDLE
Total amounts of bets taken.
HEDGING
Placing bets on the opposite side in order to
cut losses or guarantee winning a minimal amount
of money.
HOLDING YOUR OWN
Neither winning nor losing, just breaking even.
HOOK
A half point added to football and basketball
betting lines.
HOT GAME
A game which is drawing a lot of action on one
side by knowledgeable handicappers.
JUICE
The bookmaker's commission; also known as the
vigorish.
LAYING THE POINTS
Betting on the favorite.
LIMIT
The maximum amount a bookmaker will allow you
to bet before he changes odds and/or the points;
also the "cap" on what you can personally
wager.
LINE
The current odds or point spread on a particular
event.
LINEMAKER
The person who establishes the original and subsequent
betting lines.
LISTED PITCHERS
Stating that you will place bet only if one or
both of the pitchers scheduled to start a baseball
game actually start. If they don't, the bet
is canceled.
LOCK
Easy winner.
LONGSHOT
A team or horse that is unlikely to win.
MIDDLE(S)
To win both sides of the same betting proposition;
betting the favorite team at -1.5 with one
bookmaker and then taking +3.5 with another
bookmaker; the game ends up with the favorite
winning by exactly 3 points, you have then "middled
the game"; a favorite betting method of "Wise
Guys".
NEWSPAPER LINE
The betting line which quite often appears in
the daily newspapers; the lines are only approximate
and quite often totally inaccurate and misleading.
NICKEL
A $500.00 wager.
ODDSMAKER
Same as a linemaker.
OFF THE BOARD
A game on which the bookmaker will not accept
action.
OUTLAW LINE
An overnight line not used by casinos or offshore
establishments.
PARLAY
(1) a sport bet with two or more teams in which
all teams must win or cover for the bettor
to be successful and receive higher payouts;
(2) a wager on two or more horse races in which
the winnings are carried over to the next race.
PARLAY CARDS
Wagers on a minimum of 3 and up to 15 propositions;
the more you pick, the higher the payoff.
PAST PERFORMANCE
What has occurred previously to the forthcoming
games.
PICK 'EM GAME
Neither team is favored; take your pick and lay
11 to 10.
POINT SPREAD
The "line"; the handicap, or head start
that the favorite gives to the underdog for betting
purposes.
PRESS
To bet a larger amount than usual.
PRICE
The odds or point spread
PUCKLINE
Mainly used on East Coast with hockey, giving
odds of a goal spread instead of Canadian Line
where both a goal spread and moneyline is played.
PUSH
Tie; neither side wins and all money is returned
to the bettors.
ROUND ROBIN
A series of three or more teams into 2-team wagers.
RUN LINE
A line used when wagering on baseball.
SCOUTS
Person(s) who study team plays and/or practice
and report findings to handicappers.
SMART MONEY
Sides that are bet on by the more knowledgeable
handicappers.
SPORT PLAYER
A person who waits for what he thinks is an unusually
strong wager.
STEAM
When a betting line starts to move quite rapidly;
most "steam games" do not necessarily
reflect the "right side," but are
games that the mass of bettors somehow decide
to key on.
STRAIGHT BET
A bet on just one team or horse.
TAKING
Wagering on the underdog; taking the odds.
TOTALS
Total combined point/runs/goals scored in a game;
In baseball, if either of the two listed starting
pitchers don't go the bet is automatically
canceled.
TOUT
Someone who sells his expertise on sports or
horse wagers.
VALUE
Getting the best odds on a betting proposition;
the highest possible edge.
VIGORISH
The commission paid to the bookmaker. (Otherwise
known as the "juice".)
WISE GUY
A well-informed or knowledgeable handicapper
or bettor.
WOOD
Laying points.
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