Online Sports Betting
Glossary Of Betting Terms
- Accumulator (aka Parlay and Multiples) A multiple bet where the bettor selects several different events or races, and makes a wager on the first one. If they are successful, the payout becomes the bet for the next event.
- Across the Board In racing, when win, place, and show are offered with an equal stakes bet on each result.
- Action A wager that is valid is deemed Action. Depending on the sport being played, the rules for Action or No Action will differ.
- Ajax Slang for betting tax. More commonly used in the United Kingdom and Europe.
- Also Ran A competitor or team that does not finish in the top four of a race or event.
- All-in A term used when a player most common in no-limit poker wagers all of their chips in a single round.
- Ante-post Prices that are posted a day or more prior to an event. Bettors take healthier odds while risking the loss of their wager if their selection withdraws.
- Arbitrage When a bettor wagers on both teams, and takes a win, due to a variation in odds.
- Backed The backed team or competitor is the one that has received the most wagers, and is often considered to be the favorite.
- Banker A "sure thing" that is expected to win. In permutation bets, bankers must win in order for the bettor to receive payouts.
- Bar The bar is a competitor that is not given odds well in advance of the event. The bar price is the minimum odds for any unquoted choice.
- Beard A betting contact that makes a wager for someone who wishes to conceal their identity from bookmakers.
- Beef A dispute between a bettor and the bookie, or casino dealer, usually regarding the outcome of a wager.
- Beeswax Similar to Ajax, as it works as a UK slang term for betting tax.
- Betting Tax A bookmakers turnover tax. In the United Kingdom it is a Customs and Excise duty charged at the rate of 6.75p for every Pound wagered.
- Bettor A term used in the United States for someone who places a bet. In the United Kingdom, the term "Punter" is used.
- Blind Bet In a game of poker, a Blind Bet is a forced wager that players to the left of the dealer chip must make before they see their cards.
- Book A bookmakers tally of wagers made, and listed odds.
- Bookmaker Also known as a "Bookie", a Bookmaker is a person or business that accepts public bets on sporting or racing events.
- Bottle Slang used in the UK for odds of 2 to 1.
- Bridge-Jumper A bettor who specializes in large show bets on odds-on favorites.
- Buck Also known as "Dollar Bet", a Buck is a wager of US$100.
- Burlington Bertie Odds of 100 to 30.
- Buy Price In a Spread bet, the Buy Price is the higher figure quoted by a bookie.
- Buy the Rack A US term meaning to buy every possible combination ticket (e.g. Daily Double).
- Canadian Also known as a "Super Yankee", a Canadian is bet consisting of 26 wagers in total (10 doubles, 10 trebles, 5 four-folds, and a five-fold) with five selections in different events.
- Carpet Slang used in the UK for odds of 3 to 1.
- Carpet Joint Slang for a luxury casino; mainly used in the United States.
- Century Also known as a "Ton", a Century is £100.
- Chalk The favored team or racer.
- Chalk Player Bettor on favorites.
- Circled Game A limited action event decided by the bookie, usually due to injury concerns for players.
- Client Someone who buys information on upcoming events from tipsters.
- Closing Line The final list of points spreads before the start of the event.
- Co-Favorites When more than two competitors are considered as favorites to win.
- Combination Bet Selecting any number of competitors to finish either first or second, in any order according to the bettor.
- Cover Also know as "to cover the spread", a Cover occurs by beating the spread by a required number of points.
- Dead Heat When two or more competitors finish tied for first position.
- Dime Bet US Sland for a $1,000 wager.
- Dividend The payout on any winning bet.
- Dog Also know as underdog, the competitor or team who is least likely to win.
- Dog Player A bettor who places the majority of their wagers on the underdog.
- Dollar Bet $100 wager.
- Double When a bet has two selections that must both be won in order to receive a payout.
- Double Carpet Odds of 33 to 1, mainly used in UK slang.
- Doubling-up When a player loses, they may Double-up by doubling the amount of their previous wager in the hope that they will win back the lost money and make a profit.
- Drift Also "drifted" or to "be on the drift", occurs when odds on a competitor or team lengthen.
- Dutch To back more than one outcome in a single event at variable stakes in order to make an equal profit, regardless of who wins.
- Each-way A wager made up of two bets, with the first set to win, and the second to place.
- Even Money Also know as "Scotch" or "Levels", meaning odds of 1 to 1.
- Exotic A wager that may be a parlay, or teaser, but never a straight bet.
- Favorite The competitor with the shortest odds due to the fact that they are considered to be the best bet for winner.
- Field The collection of individual competitors in an event.
- Figure To have a winning chance.
- Flag A wager placed across four events and made up of 26 individual bets.
- Flash US slang for change of odds information on a tote board.
- Fold In a game of poker when the player discards his hand.
- Forecast When a bettor wagers correctly on first and second place in a race or event.
- Form The tally of past performance records used to give an indication of a competitors chances in a future event.
- Form Player A bettor who bases all of their wagering decisions on a competitors Form.
- Full Cover All of the accumulators, doubles, and trebles involved in a predetermined number of selections.
- Futures Odds that are posted well before an event and that are likely to chance closer to the event.
- Goliath A massive wager consisting of 247 bets over eight different events. The Goliath is made up of 28 doubles, 56 trebles, 70 4-folds, 56 5-folds, 28 6-folds, 8 7-folds, and an 8-fold.
- Grand In UK slang meaning a £1,000 wager.
- Grand Slam The four major tennis competitions throughout the year (Australian Open, Roland Garros, Wimbledon, and the US Open). Also, a Grand Slam can be the four major golf championships, or a loaded bases home run in a game of baseball.
- Handicap A spread used to make one-sided wagers more intriguing for the bettor. Teams are awarded a number of points start depending on their likelihood to win.
- Hang Cheng The Asian equivalent of a "Pointspread".
- Hedging A wager made by a bookie on a competitors that he has already received large bets on. He will cut his losses if the competitor wins. Also known as a "Layoff Bet".
- Heinz A wager made up of 57 individual bets placed over six horses in different races. A Heinz consists of 15 doubles, 20 trebles, 15 four-folds, six five-folds, and a six-fold.
- Hoops Slang for baseball.
- House A casino or gambling venue. They are also the operators of the casino games.
- IBF International Boxing Federation
- In the Red Odds on.
- Index Betting - Spread betting.
- Joint Favorites When two competitors or teams are both favorites to win, and the odds cannot be separated.
- Jolly The favorite competitor or team in an event.
- Juice The commission paid to a bookmaker.
- Kite Slang used in the United Kingdom meaning a "Check".
- Layer Someone who "lays" the odds.
- LBO UK acronym for Licensed Betting Office.
- Long Odds The odds on a competitor that is unlike to win.
- Lines Every type of handicap, pointspread, and odds that is offered for wagering on.
- Linemaker A person who sets the lines and updates them.
- Lock A competitor that is an almost certainty to win.
- Longshot The competitor that has "Long Odds" placed on them; an outsider to win.
- Lucky 15, 31, 63 Multiple bets on all possible combinations of 4, 5, and 6 selections.
- Margin The length or amount that a competitor (often a winner) beats another competitor by in an event.
- Martingale A betting system that is based on doubling-up.
- MLB Acronym for Major League Baseball.
- Monkey UK slang meaning a £500 wager.
- Money Line The amount that must be wagered in order to make a $100 profit; it can also mean the amount that a $100 wager would make.
- Morning Odds A prediction of probable odds.
- MVP Acronym for Most Valuable Player.
- Nap Short for "Napoleon". Often meaning a media correspondents pick of the day or event.
- NBA National Basketball Association.
- NCAA National Collegiate Athletic Association.
- NFL National Football Association.
- NHL National Hockey League.
- Nickel US slang for a wager of $500.
- Odds What the bookie believes the chances of a certain competitor or team of winning is; always adjusted to ensure a profit.
- Odds-against When odds are greater than Evens (1 to 1) e.g. 6 to 2.
- Odds Compiler An employee of the bookie who sets the odds for events and races after research and consulting with the bookmaker.
- Odds Man An employee who calculates the changing odds and updates them as betting progresses.
- Odds-on When the odds are shorter than Evens (1 to 1) e.g. 4 to 7.
- Off-track Wagers that are made away from the event.
- On the Nose US slang for a wager on a horse to win.
- OTB Acronym for Off-track betting.
- Outsider A competitor or team that does not have a good chance of winning.
- Overbroke When the bookmakers book is a loss.
- Overlay A competitor who has a good chance of winning coupled with high odds.
- Overround A profit for the bookmaker.
- Parlay Also known as an "Accumulator" bet in racing.
- Patent A multiple bet of 7 played across 3 different events. A Patent consists of a single in each selection, 3 doubles, and a treble.
- Permutations Bets or selections can be "permed". For example, on a 4 selection bet, the doubles could be "permed", which would therefore make 6 bets in total).
- Picks An experts selection on competitors.
- Pitch The bookmakers place of business at a racecourse.
- Place Finishing in second position.
- Pointspread The points that are given to the "Underdog" in order to level the playing field against the favorite.
- Pony - £25 wager.
- Price Odds.
- Punter UK Slang for a bettor.
- Push A game that is tied when the pointspread is factored in.
- Quinella US slang meaning a wager where the bettor selected the 1st and 2nd competitors, regardless of the order of finish.
- Ringer A competitor that replaces another competitor who has pulled out, yet still goes under the same name.
- Roundabout Also known as "Rounder", meaning 3 bets made over 3 different events.
- Round Robin A bet made up of 10 bets involving 3 selections in different events. Usually consists of 3 pairs of "Single Stakes About", with 3 doubles and a treble.
- Sawdust Joint US slang for a non-luxury casino or gambling house.
- Score - £20 wager.
- Score US slang for a victory in a bet.
- Scratch A competitor who pulls out of a race or event.
- Settler A bookies expert who calculates all of the payouts.
- Shoo-in A guaranteed winner that can also mean a fixed event.
- Shorten The process of reducing the odds due to heavy betting on said event.
- Show A third place finish.
- Shut Out In sports betting it means when the losing team is held scoreless. In standard betting it is when a bettor is still waiting in line when the betting window closes.
- Single Also known as a "Straight-up Bet", meaning to wager on one selection to win one race or event.
- Six-Dollar Combine In racing, a Six-Dollar Combine wager is a bet across the board.
- Smart Money An insiders bets, or simply the insiders.
- Spot Play A risky betting style where bettors wager on competitors or teams that seem like worthwhile risks.
- Spread Betting A bet is won or lost depending on whether you pick the correct outcome. Returns and losses factor into whether the bettor won or lost in an event.
- Spreads Also known as "Handicaps".
- Stanley Cup The championship of the NHL.
- Steam When betting lines begin to move quickly due to increased betting on a particular event.
- Stooper A person who picks up discarded tickets at racetracks and cashes in those that have been accidentally thrown away.
- Store US slang for a sportsbook or bookmaker.
- Straight US slang for a bet to win.
- Super Bowl The championship of the NFL.
- Super Yankee Similar to a "Yankee", except the bet is made up of 5 selections rather than 4.
- Sure Thing A competitor that has the best chance of winning.
- System A mathematical method of betting that is used by bettors in an attempt to gain an advantage.
- Taking Betting on the underdog.
- Teaser US slang meaning a pointspread bet where the bettor can change the line in his favor in exchange for reduced odds.
- Thickun A large wager.
- Ticketer Someone who falsely recreates bookies tickets.
- Tie A "Push".
- Tierce A French combination bet where the bettor wagers on the competitors or teams that will finish in the top three positions.
- Tips An experts pick for a winner.
- Tipster A person, usually an expert, who either gives away or sells their opinion of who will be the winner of an event.
- Totals A sports bet on whether the total score will be either over or under a particular number.
- Tote A UK faction that overseers all pool-betting at racecourses.
- Tout Also know as a "Tipster", meaning to give or sell opinions on who will win an event.
- Treble A win on three wagers.
- Trifecta Also known as a "Triple" or "Tricast", meaning to correctly select the 1st, 2nd, and 3rd placings in a particular event.
- Trixie A multiple wager made up of four bets with 3 selections in different events. A Trixie is 3 doubles, and a treble.
- Turf Accountant UK slang for a bookmaker.
- Underdog The least favored team or competitor to win a particular event.
- Union Jack A wager made up of 8 trebles on 9 selections.
- Value To earn the best odds on a particular event.
- Vigorish Also known as "Vig" or "Juice", it is US slang for the bookmakers commission.
- Vs Meaning versus, or against.
- WBA World Boxing Association.
- WBC World Boxing Council.
- Welsh To not pay a gambling wager.
- Win 1st position in an event, usually a horserace.
- Winning Margin A given wager that predicts the margin by which one team or competitor will defeat another, or the remainder of the pack.
- Wise Guy US slang for a well-informer handicapper.
- WNBA Womens National Basketball Association.
- World Series Major League Baseball championship.
- X On a football (soccer) betting ticket it means a draw.
- Yankee A multiple wager make up of 11 bets over 4 different events. A Yankee is 6 doubles, 4 trebles, and a four-fold.