Wagering Terms

4 NFL Picks.com

It pays to know the terminology before getting in the game.
Following is a list of terms used in gambling.

 

ATS- Against The Spread


10 Cent Line - The money line difference (10 cents) between what a bettor would lay with the favorite or take back with the underdog; see Dime Line

 

20 Cent Line - The money line difference (20 cents) between what a bettor would lay with the favorite or take back with the underdog

 

Action - A wager of any kind

 

Bad Beat - Tough Loss

 

Beard - Messenger bettor

Buck - $100

 

Chalk - Favorite

 

Circled Game - Game where action is limited due to uncertainties about weather, injuries, etc.

 

Cover - Win by more than the pointspread

 

Dime - $1000

 

Dime Line - Slang used to designate the 10 cent money line. The money line difference (10 cents) between what a bettor would lay with the favorite or take back with the underdog; see 10 Cent Line.

 

Dog - Underdog (not favored to win)

 

Dollar - $100

 

Edge - Advantage

 

Even Money - A wager on which neither side lays any odds or vigorish

 

Exotic Bet - Action other than a straight bet or parlay

 

Exposure - The amount of money one actually stands to lose on a game

 

Favorite - The contestant in any given contest that is considered the most talented, or has the best chance to win the contest

 

Firing - Betting a lot. A player who is "firing" is wagering large sums

 

"Foots" - Slang word used sometimes for footbal

l

Futures - Wagers made, or lines/odds posted on an event or outcome taking place some time in the future, e.g. betting during the season on the SuperBowl winner.

 

Get Down - Make a bet

 

Halftime Line - A line on only the first half, or only the second half scoring of a football or basketball game

 

Handicapper - One who studies sports and predicts outcomes

 

Hedge - Bet the opposite of your original wager in order to reduce the amount of exposure you have on a game

 

Hook - Half point in pointspreads

 

Home Field Advantage - Edge the home team is expected to have as a result of familiarity with the playing area, favorable demographics and effect of travel on the visiting team

 

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. Also known as vigorish or "vig".

 

Lay The Points - A wager on a favorite in a pointspread contest

 

Lay The Price - A wager on a favorite in a moneyline contest

 

Limit - Maximum bet accepted by the house before the price will be changed

 

Line - The moneyline, odds, or pointspread of any given contest

 

Lock - Easy Winner

 

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 middle.

 

Moneyline - The amount you must bet to win 100 or the amount you win if you bet 100

 

MVP - Most Valuable Player. Leagues give MVP Awards to the best regular-season and to the outstanding player in championship games or series

 

Neutral Site - Arena, court or field where neither side has a home field advantage

NFL - National Football League

 

Nickel - $500

 

Off The Board - Game where no bets are being accepted

 

Over/Under - A bet on whether the combined total of the points/goals scored by the two teams will exceed or be less than a specified number

 

Overlay - When the odds on a proposition are in favor of the bettor rather than the house

 

Overtime - The continuance of a contest that is tied at the end of regulation time until a winner is determined or the maximum number of overtime periods have expired

 

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

 

Penny Line - A money line that is adjusted in increments of a penny, or one cent at a time

 

Pick or Pick'em - A game where neither team is favored

 

Player - Bettor, gambler

 

Pointspread - The handicap, or head start, which the favorite gives to the underdog for betting purposes

 

Press - To bet a larger amount than usual

 

Price - The moneyline odds on the favorite of a given match

 

Puppy - Underdog

 

Push - A tie between the bettor and the bookmaker that is the result of the score of an event falling exactly on the pointspread number, or the total points number

 

Rain Out - A contest that has been canceled because of bad weather

 

Round Robin - A series of parlays. A three-team round robin consists of one three-team parlay and three two-team parlays

 

Rundown - Line update

 

Runner - Messenger bettor; see beard

 

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 same game and the favorite wins by 3 you have sided the book. The book has been sided.

 

Side Bet/Side Wager - A wager on a particular team, or side, to win a contest

 

Soft Line - A wagering line that is not current with the true posted line. A line that has been adjusted or moved as a result of action and does not reflect the true line as posted.

 

Spread - An abbreviated form of pointspread

 

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 single wager on a selected side or over/under

 

Sudden Death - An overtime period in which the first contestant to score is declared the winner of the contest

 

Superbowl - NFL Championship game

 

Take A Price - A wager on the underdog in a moneyline contest

 

Take The Points - A wager on the underdog in a pointspread contest

 

Teaser - A bet on 2 or more teams where the line on each team is adjusted in the favor of the bettor. Like a Parlay, all selections must be correct for the teaser to win

 

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

 

Total - The line on a given contest, representing the combined number of points scored by the two teams; see over/under

 

Tout Service - A business that sells opinions on sporting events

 

Underdog - The contestant in any given contest that is considered the least talented, or has the least chance to win the contest

 

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

 

Value - An overlay

 

Vigorish - Bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers. Also known as juice.


Wise Guy - Established and successful sports bettor