[Tommy]

Across the board: A method of wagering on a horse to win, place and show.

Action: A wager of any kind. It can also mean the total amount of money being wagered on the game. In baseball this means placing a bet no matter who pitches.

ATS: "Against the Spread", taking points rather than betting with the spread and laying points.

Bankroll: The amount of money the player plans to gamble.

Bet: Any Wager

Buck: A $100 wager.

Canadian Line: A combination point spread and moneyline in hockey.

Chalk: The favored team or horse.

Chalk Player: A person who usually only plays the favored teams, and rarely bets on the underdogs.

Circled Game: A game where the maximum bet is reduced and they cannot be included in parlays or teasers. Betting action is limited due to uncertainties about key injuries, inclement weather conditions, or unsubstantiated rumors regarding a team.

Cover: To bet the spread by the required number of points. If this happens you have covered the spread.


Daily Double: A horse racing bet where a player must pick the horses to win each of 2 designated races.

Dead Heat: When two horses finish in a tie.

Dime bet: A $1000 wager.

Dog: The team perceived to be most likely to lose. Underdog.

Dog Player: Some who usually bets on the underdog.

Dollar Bet: A $100 wager.

Double Action: An "if bet" that is processed if the precedent bet wins, ties or cancels.

Edge: An advantage.

Even Money: A wager on which neither side lays any odds or vigorish. The odds are 1/1.

Exacta: A player must select the two first horses on a race to win.

Exotic Wager: A bet posted for customer accommodation such as first half, second half, futures, run lines or money line wagers.

Exposure: The amount of money the house will risk losing on a game or race.

Favorite: The entry expected to win an event. The odds reflect the extent to which the choice is favored.

Filly: A female horse aged 4 or under.

Fifty Cents: $50.00.

Final Four: Remaining four college teams from a field of 64. They meet to determine the National Champion.

First Half Wager: A bet placed on only the first half of a game.

Four Majors: Golf's Most Prestigious events: the Masters, the US Open, PGA in the US and the British Open.
Furlong: A unit of distance used in horse racing equal to 1/8 or a mile or 220 yards.

Futures: Odds posted on an event or outcome taking place some time in the future,such as the Super Bowl, World Series, the Stanley Cup, and the NBA Championship.More Info

Gross Win: The amount of winnings before subtracting the expenses.

Grand Slam: The four most important tournaments in tennis: the Australian Open, The French Open, The US Open, and Wimbledon.

Grand Salami: The grand total of goals scored in all the hockey games of the day. It can be wagered to go Over/Under.

Half A Dollar: $50.00.

Half Time Bet: A bet placed only on the second half of the game. ( Includes Overtime).

Handicapper: One who studies and rates and wagers on sporting events/races.

Handicapping: The attempt to predict the outcome of sporting events.

Handle: The total amount of bets taken.

Hedging: Placing bets on the opposite side in order to cut losses or guarantee winning a minimal amount of money.

Hold: The percentage the house wins.

Home Team: The team playing in it's own town.

Home Field Advantage: The edge the home team is expected to have as a result of familiarity with the playing area, fan support, and the effect of travel on the visiting team.

Hook: A half point in pointspreads.

Hoops: Another term for Basketball.

Hot Game: A game that draws a significant amount of action on one side by knowledgeable handicappers.

Hot Tip: Insider information that the bookmaker cannot divulge.

In The Money: In horse racing, a horse that finishes first, second, or third.

Juice: The bookmaker's commission, also known as vigorish.

Laying the points: Betting the favorite by giving up points.

Laying the price: Betting the favorite by laying money odds.

Limit: The Maximum amount a bookmaker will allow you to bet before he changes the odds and/or the points.

Lines: The current odds or point spread on a particular event.

Linemaker: The person who establishes the original and subsequent betting lines.

Listed Pitchers: In baseball wagering, a bet which will be placed only if both of the pitchers scheduled to start a game actually start. If they don't the bet is cancelled.

Lock: A sure winner.

Longshot: A team or horse that is perceived to be unlikely to win.

Mare: A female horse aged 5 or more.

MLB: Major League Baseball(divided into 2 leagues: the National and the American).

Middle(s): To win both sides of the same betting proposition. Betting the favorite team at -2 1/2 with one bookmaker and then taking +3 1/2 with another bookmaker. The game ends up with the favorite winning by exactly 3 points, you have then "middle the game". A favorite betting method of "wise guys".

Money Line: Odds expressed in terms of money. The amount you must bet to win 100 or the amount you win if you bet 100. Whenever there is a (-) minus you lay that amount to win a hundred dollars, where there is a plus (+) you get that amount for every hundred dollars wagered. More Info....

Move The Line: A player pays an additional price to receive half a point or more in his favor on a point spread line.

Neutral Site: Venue of a sporting event where neither side has a home field advantage.

Nickel: A $500 wager.

Nickel Line: A line where the juice is 5%.

No Action: A bet in which no money is won or lost.

Off the Board: A game on which no bets are accepted.

Off Lines: The difference of amount the Las Vegas pointspread has compared with the computerized mathematical line.

Official Lines: The line that the bookmaker uses for wagering purposes.

Overlay: When the odds of a given propositon are more in favor of the bettor than the house.

Over/Under: The Over/Under, (aka-totals), this type of bet is very simple. Calculate the combined scores of both teams competing in the game being wagered on. You bet whether the total score will be over or under the expected total.

Parlay: A bet with two or more teams in which all teams must win or cover for the bettor to win and receive higher payouts. More Info....

Past Post: To make a bet after the event has begun.

Perfecta: In horse racing, a wager in which the player selects the two horses in a race to finish in 1st and 2nd places in exact order.

Pick'em Game: A game where no team or betting option is favorite. Also called pick.

Place: A horse racing wager in which you collect if your horse finishes first or second.|

Pleasers: A pleaser is a group of NFL side straight bets combined into one bet.More Info.

Pointspread: The handicap, or head start, which the favorite gives to the underdog for betting purposes.More Info...

Post Time: The scheduled starting time.

Press: To bet a larger amount than usual.

Price: The odds or pointspread.

Puckline: Giving odds of a goal spread instead of using the Canadian line, where both a goal spread and moneyline are played.

Push: A game which, with the pointspread, is tied or when the combined scores of the two teams ties the total.

Proposition Bet: A wager on a particular aspect of the game such as how many field goals will be made. More Info...

Quinella: In horse racing, a wager in which the player selects the two horses in a race to finish in 1st and 2nd places in either order.
Rained Out: A game cancelled due to weather.

Reverse: In horse racing, to ask for a second exacta wager which specifies two horses in reverse order of the first exacta wager.

Round Robin: A series of three or more teams in 2-team parlays.

Run Down: A line update. All the lines for a specific date, sport, time, etc.

Run Line: In baseball, a spread used instead of the money line.

Scratch: In horse racing, a horse that has been withdrawn from a race before the start. Wagers on this horse are refunded.

Show: A horse racing bet in which you collect if the horse finishes first, second, or third.

Sides: The names of the two teams playing: the underdog, and the favorite.

Sided: When one side of a betting proposition wins and opposite side ties.

Single: A bet on a single result or outcome.

Single Action: An "if bet" that is processed only if the precedent bet wins.

Spread: An abbreviated form of point spread.

Square: Unsophisticated Gambler.

Straight Bet: A bet on just one team.

Sucker Bet: Betting on The Underdog.

Taking the points: Betting the underdog and its advantage in the point spread.

Taking the price: Betting the underdog and accepting money odds.

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

Ticket: A Wager.

Tie: A bet in which no money is lost nor won because the teams' scores were equal to the number of points in the given line.

Toss Up: A game where the line is close to a pick-em.

Total: The combined number of points/goals scored by the two teams during the game, including overtime.(see over/Under).

Totals Bet: A bet in which the bettor speculates that the total score by both teams in a game will be more or less than the line posted.

Trifecta: A horse racing bet in which a player selects three horses in one race to finish first, second, & third in exact order.

Under: A sports bet in which the bettor guesses that the total points scored by two teams will be under a certain figure.

Underdog: The team perceived to be most likely to lose.

Value: Getting the best available odds on a betting proposition.

Vigorish: The commission paid to the bookmaker.

Wager: Any Bet.

Win: A horse racing wager in which you collect if your horse finishes first.

Wise Guy: A well-informed and knowledgeable handicapper or bettor.

Pointspread
The point spread (aka-"the spread", or "the line") - is used as a margin to handicap the favourite team. The odds maker - also called the 'handicapper' - adds points (or goals) to the underdog to even out the odds. The bettor must take either the favourite or the underdog with their respected margin of handicap. The favourite loses pts (eg. -2.5), and the underdog gains pts. (eg. +2.5).
You can determine who is the underdog and who is the favourite because the favourite will be followed with a minus sign (-) and the underdog will be followed with a positive (+) sign.
To determine the winner, look at the final score of the game and find the margin of victory. If the favourite wins, and wins by more than the spread (eg. Spread is -2.5, Score is 104-100 for the favourite, he wins since he won by a margin greater than 2.5 pts.), he's a winner. If the underdog loses by less than 2.5 points, the underdog is the winner. If the underdog loses by more than 2.5 points, he loses the bet.
If the "line" is put in at a half point (e.g. -5.5 for the favourite Orlando) by the odds maker then there can be no "push." In this case, there is "action" at any final game score point spread. In a point spread, you must wager $110 to win $100 ($210 is returned to the winner). 10/11 is the standard for point spread bets at most sportsbooks.


Straight Bet
A straight bet is a bet on the outcome of a single event or game that, for betting purposes only, is determined by a Point spread, a Money line or a

Game Total.
The team or event wagered on must win by the posted odds. A single bet may be a play on the side to win, the total, or even a proposition or future bet. All single bets must lay 110 to win 100 unless otherwise noted at the time of the wager (some sportsbook or bookie promote different odds). Games that end in a tie are no action or push bets, in which case the money is refunded. The odds may fluctuate at anytime as they move with the adjustments made by the odds makers. But once your money is placed on a team or event at a specified point spread or game total, the odds can no longer change for your bet.
Example:
If the money line were -145 then you would wager $145 to win your $100 bet. If the money line is a positive number then you will wager $100 to win the money line. If the money line were +145 then you would wager $100 to win $145.

Money line Bet
A money line is offered when no handicap is given, such as a point spread or runline, and the odds are not therefore fixed. Payouts are then based on true odds rather than fixed odds. The favourite and underdog are given odds to win a game or fight. The minus sign (e.g.-130) always indicates the favourite and the amount you must bet to win $100. The plus sign (e.g.+120) always indicates the underdog and the amount you win for every $100 bet. Therefore based on the above moneyline, you bet $130 to win $100 on the favourite. For the underdog, you win $120 for every $100 bet


Futures
This bet applies to Football, Basketball, Baseball, Ice Hockey, Golf and any other sporting event being played in the near future. Futures are a single wager on the outcome of an event that will be determined sometime in the future.
Example:
You pick St. Louis Rams to win the Super Bowl. The odds given are 5/1. Therefore you wager $1 and receive $5 if St. Louis wins the Super Bowl. Future odds change continuously throughout the season (Odds may fluctuate due to result leading up to the event). Futures bets offer attractive (high) odds to the bettor, but it must be noted that attractive odds are high due to low probability.

Teasers
This bet applies to Football, Basketball, Ice Hockey and Baseball. A teaser is a selection of two or more teams in one wager in which either the point spread and/or total is adjusted in the bettor's favour. Each sport has its own range of points for teaser selections. An adjustment to the favourite team will decrease the disadvantage. An adjustment to the underdog will increase the advantage. The adjustment makes point spreads less for the favourite and more for the underdog, depending on the selections you make. If you select a total, the adjustment makes totals higher-to-go-under or lower-to-go-over.
Examples:
Oakland Raiders (-6) teased by 8 points: Oakland is +2 with the Tease.
Miami Dolphins (+4) teased by 6 points: Miami is +10 with the Tease.
NY Jets and St. Louis Rams (42 pts.) teased by 4 points: 38 pts. for the over Total

Parlay or Combo
This bet applies to Football, Basketball, Ice Hockey and Baseball. A parlay bet is when you bet on two or more teams in the same wager in any order. All teams bet on must win in order for you to win. Also, there is no "juice" or commission on this style of bet.
Your wager may combine different sports along with different styles of bets (i.e. over/under, point spread, etc.) In the parlay style bet your original winnings are invested back into the next game. If one of your games is cancelled or ties, the parlay drops to the next lowest number.

Propositions
Proposition bets are offers and conditions chosen by the sportsbook or bookie. These bets can be trivial bets like which team will score the most points in the 1st quarter, which team will shoot the most three pointers, which running back will rush for the most yards, etc. Most proposition bets are offered at 11-10 odds, but some of the more outrageous bets will be offered at better or worse odds, depending on the bet.

Pleasers
A pleaser is a group of NFL side straight bets combined into one bet. The difference between a pleaser and a teaser is that with a pleaser the line you bet against for each individual wager is moved against your favour by 6 points. These are not as common for other sports other than NFL. If the regular line is -5 and you play a pleaser then your line would be -11.
Examples:
Odds: Colts (-7) over Cowboys
Ravens (-3) over Browns
A "Two Team Pleaser" on the Colts and Ravens would be:
Colts (-13) and Ravens (-9)

A "Two Team Pleaser" on the Cowboys and the Browns would be: Cowboys (+1) and Browns (-3) (Cowboys were +7, +7 - 6= +1, Browns were +3, +3 - 6= -3)


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