Action – A sports bet.
ATS – An acronym for 'against the spread'
Bet – To risk money on the outcome of an event
Buy Points – A bettor can pay an additional price to receive points in his favor on a point spread game. This is called buying points.
Chalk – The favorite in the sporting event
Chalk Player – Someone who bets favorites
Cover – A pointspread win for the bettor
Dime Lines – This is when the juice is 10%
Dog – Short for underdog; the team not expected to win
Even Money – When there is no juice on the bet and the payout is 1-1
Exotic – Proposition bets or bets that are more creative than just betting on one team to win
Favorite – The team expected to win the event
First Half Bet – This is a bet for half of the game; you would bet on a team to win just the first half of the game
Future – A bet on a team to win something long term; I.E. betting on a team to win the World Series/Super Bowl prior to the start of the season
Halftime Bet - This is a bet for half of the game; you would bet on a team to win just the second half of the game
Handicapper – Someone who studies the games and lines in an attempt to wager and make a profit
Handicapping – Studying the games and trying to predict the winners of the events
Hedging - Betting on the opposite side of a previous bet laid in order to limit losses to guarantee a return
Hook – In point spreads, hook is half a point
Juice – Bookies commission on a losing bet
Laying the points – Betting the favorite on the point spread
Line – The Betting line
Longshot – Big underdog
Money Line – When you bet the money line, you are betting on a team to win outright (regardless of points or point spreads)
No Action – A push or tie; money is refunded on the bet
Odds – The lines set in numerical form to indicate who is the predicted favorite/underdog
Off the Board – A game or event that is not available for betting
Opening Line – The first line set for a game
Over – This is when the combined team score is higher than the set line for “over/under” on a specific game
Parlay – This is when a bettor picks two or more games together – both outcomes have to be correct for the bettor to win. The odds of success are lower but the payout is higher.
Pick 'Em – When neither team is favored on the point spread
Price – The odds/lines on a game
Prop Bet – See: Exotic.
Puckline – Point spread for hockey games
Push – A tie; no winner or loser on the bet
Run Line – Point spread for baseball games
Sharp – An experienced bettor
Sportsbook – A company that accepts bets on sporting events
Spread (or Point Spread) – The spread is the expected scoring differential between the favorite and underdog for the listed game
Square – A novice and relatively inexperienced bettor
Straight Bet – A bet placed on the outcome of one game
Striaght Up – Betting on the moneyline or betting on a team to win outright, regardless of point spread
Ticket – A wager (in reference to Las Vegas, where you get a piece of paper or a ticket when you place a bet)
Total – The predicted, combined score between both teams in one event
Tout – A handicapper who sells his picks for money
Under – This is when the combined team score is lower than the set line for “over/under” on a specific game
Underdog – The team not expected to win
Vigorish (or Vig) – See: Juice.
For even more terms please see <a href="http://www.betonline.com/sportsbook/glossary.aspx" title="Sports Betting Glossary">Glossary of Betting Terms</a>
ATS – An acronym for 'against the spread'
Bet – To risk money on the outcome of an event
Buy Points – A bettor can pay an additional price to receive points in his favor on a point spread game. This is called buying points.
Chalk – The favorite in the sporting event
Chalk Player – Someone who bets favorites
Cover – A pointspread win for the bettor
Dime Lines – This is when the juice is 10%
Dog – Short for underdog; the team not expected to win
Even Money – When there is no juice on the bet and the payout is 1-1
Exotic – Proposition bets or bets that are more creative than just betting on one team to win
Favorite – The team expected to win the event
First Half Bet – This is a bet for half of the game; you would bet on a team to win just the first half of the game
Future – A bet on a team to win something long term; I.E. betting on a team to win the World Series/Super Bowl prior to the start of the season
Halftime Bet - This is a bet for half of the game; you would bet on a team to win just the second half of the game
Handicapper – Someone who studies the games and lines in an attempt to wager and make a profit
Handicapping – Studying the games and trying to predict the winners of the events
Hedging - Betting on the opposite side of a previous bet laid in order to limit losses to guarantee a return
Hook – In point spreads, hook is half a point
Juice – Bookies commission on a losing bet
Laying the points – Betting the favorite on the point spread
Line – The Betting line
Longshot – Big underdog
Money Line – When you bet the money line, you are betting on a team to win outright (regardless of points or point spreads)
No Action – A push or tie; money is refunded on the bet
Odds – The lines set in numerical form to indicate who is the predicted favorite/underdog
Off the Board – A game or event that is not available for betting
Opening Line – The first line set for a game
Over – This is when the combined team score is higher than the set line for “over/under” on a specific game
Parlay – This is when a bettor picks two or more games together – both outcomes have to be correct for the bettor to win. The odds of success are lower but the payout is higher.
Pick 'Em – When neither team is favored on the point spread
Price – The odds/lines on a game
Prop Bet – See: Exotic.
Puckline – Point spread for hockey games
Push – A tie; no winner or loser on the bet
Run Line – Point spread for baseball games
Sharp – An experienced bettor
Sportsbook – A company that accepts bets on sporting events
Spread (or Point Spread) – The spread is the expected scoring differential between the favorite and underdog for the listed game
Square – A novice and relatively inexperienced bettor
Straight Bet – A bet placed on the outcome of one game
Striaght Up – Betting on the moneyline or betting on a team to win outright, regardless of point spread
Ticket – A wager (in reference to Las Vegas, where you get a piece of paper or a ticket when you place a bet)
Total – The predicted, combined score between both teams in one event
Tout – A handicapper who sells his picks for money
Under – This is when the combined team score is lower than the set line for “over/under” on a specific game
Underdog – The team not expected to win
Vigorish (or Vig) – See: Juice.
For even more terms please see <a href="http://www.betonline.com/sportsbook/glossary.aspx" title="Sports Betting Glossary">Glossary of Betting Terms</a>
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