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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
A
ACTION: A bet

ATS: Against the spread LONG

B
B.R.: Bankroll

BAD BEAT: Tough loss

BEARD: Messenger bettor

BEEF: Dispute

BUCK: $100

C
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: Win by more than the pointspread

D
DEGENERATE: Compulsive gambler

DIME: $1,000

DOLLAR: $100

E
EARN: Practical hold percentage

EDGE: Advantage

EXOTIC BET: Action other than a straight bet or parlay

EXPOSURE: The amount of money the house actually stands to lose on a game or a race

EXTENSION: The amount of money the house theoretically will risk losing on a game or a race

F
FIGURE: Amount owed by or to a bookmaker

FIRING: Betting a lot. A player who is "firing" is wagering large sums

FLEA: An annoying human parasite who wants something for nothing; a $2 bettor who expects to be comped for his action

FORM: What performance is to be expected according to how a team looks on paper

G
GET DOWN: Make a bet

GROSS WIN: Win before expenses

H
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

HOLD: The percentage the house wins

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 familiarity with the playing area, favorable demographics and effect of travel on the visiting team

HOOPS: Basketball

HOT TIP: Information the bookmaker is not yet privy to

I
J
JUICE: Bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers; vigorish

K
L
LAY A PRICE: Bet a favorite, lay the points

LAYOFF BET: A wager made by one bookmaker with another to help balance his action and reduce his risk on one side or one horse

LIMIT: Bet the opposite of your original wager in order to reduce the amount of action you have on a game

LINE: The betting proposition on a game and/or payoff odds on the bet

LONGSHOT: Large underdog

M
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.

N
NEUTRAL SITE: Arena, court or field where neither side has a home field advantage

NICKEL: $500

O
OFF THE BOARD: Game where no bets are being accepted

OUT: Bookmaker, usually refers to an illegal bookmaker

OVERLAY: When the odds on a proposition are in favor of the bettor rather than the house

P
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 or PICK'EM: A game where neither team is favored

PLAYER: Bettor, gambler

PRACTICAL HOLD PERCENTAGE: The amount won by a bookmaker divided by the total amount booked

PRESS: To bet a larger amount than usual

PRICE: Line

PUPPY: Underdog

PUSH: Tie

Q
R
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: See Beard

S
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 or cancel

SHARP: Wise guy

SHORTSTOP: A small bettor

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

SQUARE: Unsophisticated gambler

STEAM: Heavy action on one side

STRAIGHT BET: A bet on just one team

SUCKER BET: Bet with a large house edge

T
TAKE A PRICE: Bet the underdog, take the points

TAPPED OUT: Broke, busted, common result of pressing

THEORETICAL HOLD PERCENTAGE: The edge the bookmaker would have IF the odds guaranteed him a constant commission regardless of the outcome

TOKE: A tip or gratuity

TOSS UP: Game where the line is close to pick-em

TOUT SERVICE: A business that sells opinions on sporting events

TRIPLE SHARP: The sharpest of the sharp, (Note: There is no such term as "Double Sharp")

U
UNDERLAY: When the odds on a proposition are in favor of the house

V
VALUE: An overlay

VIGORISH: See Juice

W
WISE GUY: Established and successful sports bettor.

X
Y
Z
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