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    Sports Betting Glossary



    Accumulator - (Also, Parlay) it’s a multiple bet. A person can make simultaneous selections on two or more games making way of pressing for the win. The first win is made on the bet of the following game selected, and so on the bet continues.

    Action - betting has different rules for the bettors. A bet or wager actually comes into the action if the bet is valid.

    Ajax - UK slang term for 'Betting Tax'.

    All-In - A betting game does not pay back any terms of the money or the cash returns. With these All in betting a player puts in everything. But if an event gets canceled the money is refunded.

    All Up - (Also, Accumulator) All up comprises of making a winner by choosing from multiple betting games. The winning amount is made against various events, now the fate of a player depends on that outcome of those events.

    Ante Post - (Also, Futures) bets which can predict the outcome of the future. Ante post actually closely associated with the future prediction of the game.

    Arbitrage - A variation in the odds allows a bettor to call for both sides and increase his winning chances.

    Backed - A team which has more amount of money put on it is called the backed team

    Banker - When a person has higher chances of winning he is termed as a banker. In betting terms the banker has the highest winning ratio.

    Bar Price - Bar price refers to the odd which is quoted to be the largest and biggest price.

    Beard (US) - A friend philosopher or guide who is used to placing bets at regular times. The bettors are not able to recognize him at the right time. He places his bets hiding away from the bookies.

    Beef - It is commonly known as the dispute involving a player and his casino dealer. This situation arises when a person creates problems involving the betting

    Beeswax - UK slang term for betting tax. It is also known by the term ‘Bees’ or ‘Ajax’

    Betting Tax - The tax which is claimed by the govt on a boomakers turnover. Different countries have different taxation systems. The common way to take away the tax is to claim the punters winning amount.

    Bettor (US) - Someone who places or has a bet. He is also known as punter in the UK.

    Book - A book is the amount which assures a bookmaker of the profit margin People run books and quotes the odds. And the person involving in such activities is termed as Bookmaker.

    Bookie - (U.K.) Short for bookmaker. The person or shop who accepts bets.

    Bookmaker - Person who is licensed to accept bets on the result of an event based on their outcome of the odds.

    Bottle - UK slang, odds of 2 to 1.

    Bridge-Jumper (US) - Bettor who fancies in large show bets on odd-on favorites.

    Buck (US) - A bet of US$ 100

    Burlington Bertie - The price of 100-30.

    Buy Price - In Spread or Index betting, it is the higher figure quoted by an Index bookmaker.

    Buy the Rack (US) - The purchase of every possible daily-double or other combination ticket.

    Canadian - This game is also known as Super Yankee. A Canadian is a combination bet consisting of 26 bets which have 5 selections in different events. The combination bet is made up of 10 doubles, 10 trebles, five 4-folds and one 5-fold.

    Carpet - UK slang for Odds of 3 to 1 (also known as 'Tres' or 'Gimmel').

    Century - GBP? 100 (also known as a 'Ton').

    Chalk - The favored team.

    Chalk Player - Betting on the favorite player.

    Circled Game - The maximum bet is limited is these types of games. They put a require amount of action and puts a limit on it. This limit occurs due to the doubts about key players, in games that feature key injuries, inclement weather, or unsubstantiated rumors regarding a team. Most bookies Circle high betted games

    Closing Line - The final list of point spreads which is prepared before game time.

    Combination Bet - A particular selection can be made by picking up any number of teams/horses to finish first and second in either order.

    Correlated Parlay - Correlation is the degree to which the results of two bets are related. An example of two bets that are correlated is the Giants to lead at the half and the Giants to win the game. A correlated parlay is essentially a bet that is tied into another positively, in that if one bets wins, it increases the odds of the other bet winning. A more blatant example would be parlaying the first half over to the second half over to the game over. If you win the first half over wager and the second half over bet, you're obviously going to win the wager for the game.

    Cover - To bet the spread by the required number of points.

    Credit Betting - The betting which involves using credit.

    Dead Hit - when both teams finishes equal and both win.

    Deposit Betting - Certain money is deposited in advance with a bookmaker. This money is termed as Deposit Betting.

    Dime bet - A $1000 wager.

    Dividend - The much agreed payout or which returns a certain amount on any bet.

    Dog (US) - The underdog in any betting form of the game.

    Dog Player (US) - A bettor who mainly puts his money on the underdog.

    Dollar Bet - A $100 wager.

    Double(s) - Double involves twin bet on two different events or two parts of the same event. It actually forms an parlay or accumulator.

    Double Carpet - UK slang for Odds of 33 to 1, based on 'Carpet'.

    Double or Nothing - It is termed as the even-money bet, this kind of bet pays off exactly the amount wagered.

    Draw - Sometimes players end up winning parallel, they finish the evenly. A draw is no use for a betting option; the money will be divided between the joint winners. This may affect some bets and the money involved surrounding them There are games which has extra time play offs.

    Drift - Odd bets that ‘Lengthen’ are said to have drifted, or be 'On the Drift'.

    Each Way - the UK term for betting on a team or individual to win and/or 'Place'. The bet is divided into two parts, 50:50 and the odds for each bet are different. If your selection wins, the Place bet wins automatically. Therefore, you could win either both bets or Place only.

    Even Money - A 1:1 odds bet. A $1 stake would return $2 dividend ($1 win plus $1 staked).

    Favorite/Favorite - The team or individual the bettors rate most likely to win that contest the team has the most money bet on it.

    Field - 1) All the individual competitors in an event. 2) Odds offered on non listed (outsiders) players or teams collectively called the Field.

    Fixed Game - a game in which participants manipulate the ultimate outcome of the game

    Fixed Odds - Your dividend is fixed at the odds when you placed your bet. No matter how many the odds fluctuate the odds at the time you placed your bet are fixed and written on the ticket. Your dividend for winning is paid at the value stated on your ticket, no matter what happens after you have placed your bet.

    Flag - A bet consisting of 23 bets (a 'Yankee' plus 6 'Single Stakes About' bets in pairs) on 4 selections in different event.

    Flash (US) - The abrupt change of odds information on tote board.

    Flea - An irritating person who wants something for nothing. One who expects to win for a small wager.

    Fold - Fold is preceded by a number, a fold indicates the number of selections in an accumulator (e.g. 5-Fold = 5 selections).

    Forecast - A wager that involves correctly predicts the 1st and 2nd place for a particular event. This bet can be straight, reversed or permed.

    Full Cover - All the doubles, trebles and accumulators involved in a given number of selections of the game.

    Futures - (Also, Ante Post) Bets placed in advance events predicting the outcome of a future event.

    Goliath - A goliath is a multiple bet consisting of 247 bets involving 8 selections in different events. The multiple bet breakdowns is 28 doubles, 56 trebles, 70x4-folds, 56x5-folds, 28x6-folds, 8x7-folds and one 8-fold.

    Grand - GBP? 1,000 (also known as a Big'un).

    Grand Salami - A slang word for the total for the combined score of all the hockey contests on the schedule for that day.

    Grand Slam - The four major tennis tournaments Wimbledon, Australian Open, French Open, U.S. Open. There are also four major golf tournaments The Masters, U.S. Open, British Open, PGA Championship (Professional Golf Association). Played in baseball, a homerun with the bases loaded, scoring four runs.

    Handicap - Spread.

    Hang Cheng - The Asian equivalent for 'Point Spread'.

    Heinz - A Heinz is a multiple betting concept consisting of 57 bets involving 6 selections in different events. The multiple bet breakdown is 15 doubles, 20 trebles, 15x4-folds, 6x5-folds and one 6-fold.

    Home Field Advantage - the advantage that the home team is expected to have as a result of familiarity with the playing field, favorable conditions and effect of travel on the visiting team.

    Hoops - Slang word used to indicate the game of basketball.

    IBF - International Boxing Federation.

    In and Out Teaser (See also "Teaser" below) - An "in and out teaser" is when the player picks the favorite, underdog, over and under of the same game. For example: NY +3 1/2, Dallas -3 1/2. An in and out teaser would have a player take both NY and Dallas, and tease both, to increase the odds of winning the wager. So, if you teased both teams by 7 points, you would have: NY +10 1/2, Dallas +3 1/2. So long as the spread is covered, your wager will be a win.

    Index Betting - Spread betting.

    In The Red - Odds on.

    Joint Favorites - When a bookmaker is unable to divide the two teams for favoritism, they may be jointly judged as favorites.

    Jolly - Bookmakers slang for 'Favorite/Favorite'.

    Juice - The bookmaker's unwanted commission, also known by the terms such as vigorish or vig.

    Kite - The official UK slang for a cheque ('Check' in the US).

    Lay a Bet - when a bookie accepts a bet.

    Layer - It’s another name for Bookie.

    Layoff - A bookmaker's bet with another bookmaker made in order to help equalize the excess action he has accepted from his customers to hide his debts.

    LBO - Acronym for 'Licensed Betting Office' in the UK.

    Lengthen - The opposite of 'Shorten'. Referred to odds getting longer, that is, more attractive to the bettor.

    Lines - Odds offered to the punter.

    Linemaker - One who makes or sets the original or subsequent betting lines.

    Lock - (As in 'Banker') US term for an almost certain winner. Easy winner of all times.

    Long Odds - Generally greater than 10:1.

    Lucky 15 - A Lucky 15 consists of 15 bets involving 4 selections in different events, i.e. 4 singles, 6 doubles, 4 trebles, and 1 fourfold. As a consolation if you only have one winner it will be paid at double the odds. If you get all four winners, a 10% bonus will be added to your returns.

    Lucky 31 - A Lucky 31 consists of 31 bets involving 5 selections in different events, i.e. 5 singles, 10 doubles, 10 trebles, 5 four-folds plus 1 five-fold. . As a consolation if you only have one winner it will be paid at double the odds. If you get all five winners, a 20% bonus will be added to your returns.

    Lucky 63 - A Lucky 63 consists of 63 bets involving 6 selections in different events, i.e. 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and 1 six-fold. As a consolation if you only have one winner it will be paid at double the odds. If you get all six winners, a 25% bonus will be added to your returns.

    Margin - The big margin by which t a competitor in an event finishes in front of another competitor.

    MLB - Major League Baseball.

    Money Line - (Also, Action Line or Spread Betting) the fixed amount that must be wagered to win $100 or the amount won for a $100 wager.

    Multiples - See 'Accumulator'.

    MVP - Most Valuable Player.

    Nap - A newspaper correspondent’s best bet of the day. Reputed to stand for 'Napoleon'.

    NBA - National Basketball Association.

    NCAA - National Collegiate Athletic Association.

    NFL - National Football League.

    NHL - National Hockey League.

    Nickel - A $500 wager.

    Odds - The sportsbook's or bookmaker's view of the chance of a competitor winning

    Odds-against - The format where the odds are greater than evens (e.g. 5 to 2).

    Odds Compiler - Similar to 'Oddsmaker' below.

    Odds-on - The amount a person wages to win $100. In the U.K the bet goes on like 1:1. In Europe it is like 2:1.

    Oddsmaker - A person who is responsible for the betting odds. Bookies never set the rules. Rules are only set by the some legal authorities.

    Off the Board (US) - A game in which the authorities will never accept strict action.

    Outsiders - The people who are not expecting to win. They are not the favorites.

    Over/Under - It’s a specified theory by which it is determined total points or goals scored by the two teams will be over or under a specified number.

    Parlay - (Also, Accumulator) It’s a multiple bet theory. Making simultaneous selections on two or more games with the need of pressing the winnings of the first win on the bet of the following game selected, and so on. All the selections made must win for you to win the parlay.

    Patent - A Patent consists of 7 bets involving 3 selections in different events, i.e. a single on each selection, plus 3 doubles and 1 treble.

    Permutations - It’s a mathematical term. Suppose a person has 3 selections A, B and C. he can permute all the possible doubles, AB, AC, and BC; a total of 3 individual bets, or lines. If he had made 4 selections A, B, C and D he would have permuted AB, AC, AD, BC, BD, CD; a total of 6 individual bets, or lines

    Picks - An expertise betting selection is termed as picks

    PK or Pick - Evenly matched teams.

    Place - Finish in the top three, top four and sometimes also top five in a competition or event. A Place bet will win if the selection you bet on is among those placed. Different sportsbooks have different Place terms and you should check their rules before placing a bet.

    Point Spread - (Also, Handicap) the points actually given to an underdog to improve his points tally and match with the favorite.

    Price - The odds.

    Pucks - Slang used to refer the game of hockey.

    Punter - Bettor.

    Push - A game that is tied when the point spread is factored in.

    Return - The total winning amount on a bet

    Round Robin - A bet consisting of 10 bets (3 pairs of 'Single Stakes About' bets plus 3 doubles and 1 treble) involving three selections in different events. (US, A series of three or more teams into two-team wagers).

    Scalper - A scalper is a person who wants to make profit from the odd pay outs by betting harder and on the both sided at different prices. 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.

    Shorten - shorten means the probability of getting the odds is cut out. It is the opposite to the word Lengthen. The opposite of 'Lengthen'. Referred to odds getting shorter, that is, less attractive to the bettor.

    Shut Out (US) - A bettor who gets on the betting line very late and still waits for the windows to remain open. Shut out is also termed when a team are not able to score any points.

    Single - A simple straight bet on one selection to win one race or event is known as the straight up bet.

    Single Stakes About (or SSA) - A special bet which has 2 bets on two selections (1 single on each of selection and another on the selection which is reversed).

    Sportsbook - The concerned person, shop or website who accepts bets.

    Spread - Point Spread.

    Spread Betting - (Also, Action Line or Money Line) It is form of betting where one must wage $100 to win against a $100.The losses are calculated according to the proportion on how much amount of bettor has made bet for. A bet is won or lost according to whether you correctly predict the result of an event (also known as 'action line' or 'money line'). Stanley Cup

    Steam - When a line called betting line moves quickly due to the impact of the bettors who bet on them

    Store (US) - A sportsbook or a bookie.

    Super Bowl - NFL Championship game.

    Super Heinz - A game of Super Heinz consists of 120 bets involving 7 selections in different events, i.e. 21 doubles, 35 trebles, 35 four-folds, 21 five-folds, 7 six-folds and 1 seven-fold.

    Super Yankee - Alternative name for a multiple bet known as Canadian, a Super Yankee is a Yankee type bet with five selections instead of four.

    System - A method of betting, usually mathematically based, used by a punter or bettor to try to get an advantage.

    Teaser (See also "In and Out Teaser" above) - A bet on two or more teams where the bettor can add or subtract points from the spread to make their bets stronger in return for reduced odds. All results must match the selections to win the teaser.

    Thick'un - A big bet.

    Tie - A good name for Draw.

    Tips - involvement of picking up a particular player’s performance for an event from an expert.

    Totals - The gaming system when the combined number of points or goals scored by the two teams will be over/under a given mark.

    Tote - (Short for Totalisator) was a unique system which offered pool betting on race courses in Britain

    Trebles - A triple bet on three events. It is a form of parlay or accumulator.

    Trixie - A Trixie consists of 4 bets involving 3 selections in different events, i.e. 3 double plus 1 treble.

    True Odds - The awful event when something odd happens as opposed to bookie offerings.

    Two and Three Balls Betting - a bet in the golfing where it involves predicting which player from either a group of two or three will shoot the lowest score over 18 holes.

    Underdog - a team that receives a point start in a handicap.

    Union Jack - A bet which consisted of 8 trebles on 9 selections A to I: ABC, DEF, GHI, ADG, BEH, CFI, AEI, and CEG.

    Value - Getting best return on a wager

    Vigorish or Vig. - The commission paid to the dealer

    VS - Versus, against.

    WBA - World Boxing Association.

    WBC - World Boxing Council.

    Welsh/Welch - When a person fails to qualify in a gambling bet

    Win Only - Betting on a competitor to win an event. Also known as 'Straight Out' or 'Money Line' betting.

    Wise Guy - A knowledgeable handicapper or bettor.

    WNBA - Women’s National Basketball Association.

    World Series - It is a major Championship of Major League Baseball (MLB). The final seven games of the baseball playoffs between the two league champions to determine the world champion.

    Yankee - The unique term used to include four selections, combining them into six doubles, four trebles and one fourfold