|
Sports Wagering Terms |
|
ACTION |
Any bet
or wager. |
|
BOOK |
A
sports book or betting establishment that sets odds and
accepts wagers on the outcome of sporting events. |
|
CHALK |
The
favorite. |
|
CIRCLED GAME |
A game
in which the sports book reduces its normal betting limit
usually because of an injury or weather condition. |
|
COVER |
When
the team wins by more than the point spread. |
|
DIME |
$1000 |
|
DIME LINE |
A money
line (no point spread involved) in which the vigorish or
bookie's juice amounts to 10 percent. |
|
DOG |
The
underdog, or the team getting points. |
|
DOLLAR |
$100 |
|
FUTURE BET |
Bets
accepted well in advance. Examples include betting on
which team will win the World Series or Super Bowl months
before the event. |
|
HEDGING |
Betting
the opposite team or side of your original bet in order to
try to win or to reduce the size of the original wager. |
|
HOOK |
Half
point. |
|
LINE |
The
current odds or point spread on an event. |
|
LOCK |
A term
meaning can't lose. |
|
MIDDLE |
When
both sides of a point spread proposition win. |
|
MONEY LINE |
Odds
expressed in terms of money. For example: 49ers minus
$140; Redskins plus $130. 49ers bettor would lay $140 to
win $100, while Redskins bettors would get $130 for every
$100 they bet if the Redskins won. |
|
NICKEL |
$500.00
|
|
ODDS-ON-FAVORITE |
A
horse, team or individual so favored by the public that
the odds are less than even. |
|
OFF-THE-BOARD |
A game
in which the sports book is not taking wagers on. |
|
OVERLAY |
An
advantageous situation for the bettor in which the price
on a given wager is greater than the real probability of
its success. |
|
OVER-AND-UNDER |
A bet in
which you wager if the total score by both teams will be
more or less than the total posted by the sports book |
|
PARI-MUTUEL |
Betting
pools in which the odds are determined by the
proportionate amounts bet on the individual entries. |
|
PARLAY |
A
combination wager in which the person has to wager on at
least two or more bets and collects higher odds if
successful. |
|
PICK'EM |
The game
or contest is rated even with no favorite. |
|
POINT SPREAD |
The
predicted scoring differential between two opponents
listed by a sports book. |
|
POST TIME |
The
scheduled starting time. |
|
PROPOSITION -
(prop)
BET - |
A wager
offered by the sports book on a particular aspect of the
game such as how many touch down passes Manning will
throw. |
|
PUSH |
A tie in
the betting. |
|
ROUND-ROBIN - |
A method
of parlaying two or more teams in all possible two-team
parlay combinations. |
|
SIDE |
When one
side of a betting proposition wins and the other side
ties. |
|
STRAIGHT-UP WIN |
A
victory by a point spread underdog |
|
VIGORISH |
The
juice or commission taken out by the sports book for
accepting the bet, usually 10 percent. |
|
WAGER |
Any bet. |
|
WISE GUY |
A
sophisticated bettor. |
