Help Guide From Online Casino Reports
Online Sports Betting
Glossary Of Terms
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
|
