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SPORTS BETTING GLOSSARY D-O |
12.12.2002 |
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Dillon McNuggets Gamble Tribune |
* Dime Bet: A $1000 wager.
* Dog: The underdog in any betting proposition.
* Dog Player: One who mostly plays the underdog.
* Dollar Bet: A $100 wager.
* Double Bet: A wager for twice the size of one's usual wager.
* Due For: A team that is "due for" whether it is a win or a loss; many bettors like to play "due for" situations.
* East Coast Line: Mainly used in hockey, which has a split-goal line e.g. - NY Rangers (1 - 1 ½) favorite over the Vancouver Canucks as opposed to goal spread plus moneyline (-1/2 -180).
* Edge: Advantage.
* Even Money: A wager in which no virgorish or juice is laid.
* Exotic Wager: Any bet other than a straight bet, i.e., parlays, teasers, if bets, reverses, round robin, round robin box reverses, etc.
* Fixed Point shaving: Never say to a client that a game is fixed!
* Future Bet: Bets accepted well in advance.
* Futures: Odds posted on the winners of various major sport championships in advance of the event, including the Super Bowl, the World Series, the Stanley Cup and the NBA championship.
* Getting Down: Making a wager.
* Going Down: Losing.
* Handicapper: One who studies and rates sporting events.
* Handle: Total amounts of bets taken.
* Hedging: Placing bets on the opposite side in order to cut losses or guarantee winning a minimal amount of money.
* Holding Your Own: Neither winning or losing, just breaking even.
* Hook: A half point added to football and basketball betting lines.
* Hooked: Losing a wager by exactly one-half a point.
* Hot Game: A game which is drawing a lot of action on one side by knowledgeable handicappers.
* Jucie: The bookmaker's commission, also known as vigorish.
* Laying The Points: Betting on the favorite
* Limit: The maximum amount a bookmaker will allow you to bet before he changes odds and/or the points. Also the "cap" on what you can personally wager. Line The listed odds on a game ( points or money line ).
* Linemaker: The person who establishes the original and subsequent betting lines.
* Lock: Easy winner,can not lose.
* Longshot: A team or horse that is unlikely to win.
* "The Man": Bookie.
* Middles: To win both sides of the same betting proposition; betting the favorite team at -1.5 with one bookmaker and then taking +3.5 with another bookmaker; the game ends up with the favorite winning by exactly 3 points, you have then "middled the game"; a favorite betting method of "Wise Guys".
* Money Lline: A moneyline is offered when no handicap is given, such as a pointspread or runline, and the odds are not therefore fixed. Payouts are then based on true odds rather than fixed odds. The favorite and underdog are given odds to win a game or fight. The minus sign (e.g.-130) always indicates the favorite and the amount you must bet to win $100. The plus sign (e.g.+110) 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 favorite. For the underdog, you win $110 for every $100 bet.
* Newspaper Line: The betting line which quite often appears in the daily newspapers. The lines are only approximate and quiet often totally inaccurate and misleading.
* Nickel: A $500 wager.
* Oddsmaker: The same as a linemaker.
* Odds On Favorite: A horse,team or individual so favored by the public that the odds are less than even.
* Off The Board: A game on which the bookmaker will not accept action.
* Off Lines: The amount the Las Vegas pointspread differs from our computerized mathematical line.
* Official Line: The line that the bookmaker uses for wagering purposes. The line which comes from Las Vegas is quite often referred to as the official line; however, the line that your bookie offers you is actually your "official line". Many smart bettors like to know the Las Vegas official line so that they can compare to their local bookies in order to determine how badly they are being "faded".
* Outlaw Line: An early line which is not an official line. Quite often linemakers allow specially selected bettors to wager into the "outlaw line" before entering the line to the public. The linemakers respect these individuals and use their input to create a final opening number. This process is also called "ironing" or "flattening" the line.
* Overplay: An advantage for the bettor in which the price on a given wager is greater than the real probability of its success.
* Over & Under: A wager for the total score by both teams will more or less than the total posted by the sports book.
SPORTS BETTING GLOSSARY A-C
SPORTS BETTING GLOSSARY P-R
SPORTS BETTING GLOSSARY S-Z
Sports Betting Rules
Sports Betting History
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