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| ACTION- A wager of any kind - In baseball, making a wager on a team whom ever the starting pitchers are. |
| ATP-Association of Tennis Professionals |
| BEARD- An agent who is used to place wagers so the true identity of the bettor is kept anonymous. |
| BOOK- A physical place that accepts wagers on sports or horses. |
| BOOKMAKER- An establishment or person that accepts wagers on sports or horses. Bookie is slang for bookmaker. |
| CANADIAN LINE- A combination; using a money-line and puck-line. |
| CHALK- The favorite or favourite. |
| CHALK PLAYER- Someone who usually wagers on the favorite. |
| CIRCLED- A game in which the bookmaker has reduced his limits. Many times the bookmaker will only take half as much as his normal limits. |
| COVER- When a favorite wins by more than the spread or when the underdog loses by less than the spread. If a money-line is used then the outright winner is said to have covered. |
| DIME- $1,000 |
| DIME LINE- The difference (in cents) between the favorite and the underdog in a money-line price. If that difference is 10 cents, then it is called a dime line. If the difference is 5 cents, then that is called a nickel line. If the difference is 20 cents, then that is called a twenty-cent line etc. |
| DIME WAGER- A $1,000 wager. |
| DOG- Slang term for underdog. |
| DOG PLAYER- A person who mainly wagers on underdogs. |
| DOLLAR- A $100 wager. |
| DOUBLE BET- A wager for twice the bookmakers limit. Also called a double hit or double pop. |
| EAST COAST LINE- Same as a Canadian Line. |
| EDGE- Advantage. |
| EV- Expected value. |
| EVEN MONEY- Your risk and win are the same. Wagering $1 to win $1. |
| EXOTIC- Any wager other than a straight wager. |
| FAVORITE- The team or contestant that is favored to win or cover. |
| GETTING DOWN- Making a wager. |
| HANDICAPPER- A person who makes selections based on past performances. |
| HANDLE- Total amount of wagers placed or received on a given event or for a specific time frame. |
| HEDGING- Placing wagers on the opposite side in order to reduce losses or to insure a win. |
| HOLDING YOUR OWN- Staying close to even. |
| HOOK- Slang for whenever a wagering line uses a half of a point. Ex. 3 ½ point favorite could be said 3 and a hook. |
| HOT GAME- A game which is drawing a lot of action on one side. |
| JUICE- A bookmakers commission, also known as vigorish or vig. Banks call it interest. |
| LAYING THE POINTS- Wagering on the favorite. |
| LENGTHEN- When the odds go up it is called lengthening. |
| LIMIT- The maximum wager allowed. |
| LINE- Line or price or odds on a contest. |
| LINEMAKER- A person who makes the line, price or odds on a contest. |
| LISTED PITCHERS- The pitchers expected to start in a baseball game. |
| LOCK- A team or player implied by someone, usually a tout, "it can't lose" (many locks do lose) |
| LONGSHOT- A team or contestant given a small chance to win in the wagering. |
| MIDDLE- Playing both sides of the same game at different lines that allows the player to win both the wagers. |
| MLB- Major League Baseball |
| MLs- Major League Soccer |
| MONEY-LINE- A weighted amount of money is used to make both contestants attractive. The line might be -200 on the favorite and +180 on the underdog. Meaning the bettor must put up $200 to win $100 on the favorite or wager $100 to win $180 on the underdog. |
| MVP- Most Valuable Player |
| NASCAR- National Association for Stock Car Auto Racing |
| NBA- National Basketball Association |
| NCAA- National Collegiate Athletic Association |
| NFL- National Football League |
| NHL- National Hockey League |
| NICKEL- $500 |
| NON-RUNNER- Contestant that did not start or was exempt from wagering. |
| ODDS- The price of what a contestant is paying. |
| ODDSMAKER- Same as Linemaker. |
| ODDS AGAINST- The amount you win is greater than the amount risk. |
| ODDS ON- Amount you win is less than the amount you risk. Slang for "the favorite". A term usually associated with horse racing. |
| OFF THE BOARD- A game on which the bookmaker does not except action. |
| OVER/UNDER- A wager on the number of points, goals, runs etc. for both teams combined. The bettor is wagering on whether this total will go over or under this number. Also used in boxing, over or under number of rounds. |
| PARLAY- A single wager on two or more outcomes. |
| PARLAY CARDS- A paper or cardboard card listing a large menu of games in which to wager on. Bettor must choose at least 3 events and all selections must cover the pointspread. |
| PAYOUT- The total winnings plus the original wager. |
| PERCENTAGES- Bookmakers set their odds according to the mathematical probabilities of a future outcome happening. |
| PGA- Professional Golfers Association |
| PICK OR PICK'EM- A contest where neither side is favored. |
| PLAYER- The bettor. |
| PLEASER- A wager where multiple choices are made but the point-spread is re-adjusted against the bettor. To compensate for the less favorable lines, higher odds are offered. A pleaser is the opposite of a teaser. |
| POINTSPREAD- Also called spread, line or odds. The handicap that the favorite gives to the underdog for wagering purposes. |
| PRESS- To wager more than normal. |
| PRICE- Another term for odds, line or spread. |
| PROPS/PROPOSITIONS- A creative wager other than a side, total or run-line. |
| PUCKLINE- Used in hockey, the use of pucks to set odds. An alternative to money-lines. |
| PUNTER- The Australian and British term for a bettor. |
| PUSH- A tie; usually all wagers are returned to the player. Sometimes a push is counted as a loss, mainly in teasers. |
| ROUND ROBIN- All possible combination's of parlays with the chosen teams (from 3 to 6 teams). |
| RUN-LINE- A line used in wagering on baseball. One team is handicapped by having to win by 2 runs or more. |
| SMART MONEY- Wagers made by knowledgeable handicappers. |
| SPREAD- An abbreviated term for pointspread. |
| SPREAD WAGERING- Also known as action points. In spread betting you win or loose according to how right or wrong your prediction of the outcome of the game will be. |
| STAKE- The amount of a wager. |
| STRAIGHT BET OR WAGER- A wager on just one team or horse. |
| TAKING- Taking the odds or points. |
| TEASER- A wager involving two or more teams where the point spread is adjusted in the bettors favor. The opposite of a pleaser. |
| TOTALS- The total combination of points, runs or goals scored in a game. Also the number of rounds a fight goes. |
| TOUT- Someone who gives an opinion on the outcome of a game or race and is usually looking for some compensation for his opinion. Most touts today don't even have an opinion. They are just selling hot air. |
| UNDERDOG- A contestant whose odds suggest a low chance of winning. |
| VALUE- Getting odds higher than the true chance of it winning. |
| VIG- Juice or commission |
| WISEGUY- Over used term to describe a knowledgeable bettor. Today, anyone who cashes a ticket is accused of being a wiseguy. |
| WNBA- Womens National Basketball Association. |
| WOOD- Laying the points or laying the wood; wagering on the favorite. |
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