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Glossary of Terms
Here at Rebatewager.com we have created a simple guide to help you go over some
of the words and terms you will encounter when wagering on sports.
10 Cent Line
The money line difference (10 cents) between what a bettor would lay with the favorite
or take back with the underdog; see Dime Line.
20 Cent Line
The money line difference (20 cents) between what a bettor would lay with the favorite
or take back with the underdog.
.
Across The Board
A method of wagering on a horse to win, place and show.
Action
A wager of any kind.
Buck
$100.
Chalk
Favorite.
Circled Game
Game where action is limited due to uncertainties about weather, injuries, etc.
Cover
Win by more than the pointspread.
Dead Heat
When two horses finish in a tie.
Dime
$1000.00.
Dime Line
Slang used to designate the 10 cent money line. The money line difference (10 cents)
between what a bettor would lay with the favorite or take back with the underdog;
see 10 Cent Line.
Dog
Underdog.
Dollar
$100.00
Double Header
Two separate baseball games played on the same day for the same two teams.
Edge
Advantage.
Even Money
A wager on which neither side lays any odds or vigorish.
Exotic Bet
Action other than a straight bet or parlay.
Exposure
The amount of money one actually stands to lose on a game or race.
Favorite
The contestant in any given contest that is considered the most talented, or has
the best chance to win the contest.
Firing
Betting a lot. A player who is "firing" is wagering large sums.
"Foots"
Slang word used sometimes for football.
Futures
Wagers made, or lines/odds posted on an event or outcome taking place some time
in the future, e.g. betting during the season on the SuperBowl winner.
Get Down
Make a bet.
Grand Slam
The four major tennis tournaments: Wimbledon, Australian Open, French Open, U.S.
Open. Also the four major golf tournaments: The Masters, U.S. Open, British Open,
PGA Championship (Professional Golf Association). Also in baseball, a homerun with
the bases loaded, scoring four runs.
Grand Salami
A slang word for the over/under total for the combined score of all the hockey contests
on the schedule for that day.
Halftime Line
A line on only the first half, or only the second half scoring of a football or
basketball game.
Handicapper
One who studies sports and predicts outcomes.
Hedge
Bet the opposite of your original wager in order to reduce the amount of exposure
you have on a game.
Hook
Half point in pointspreads.
Juice
Bookmaker's commission, most often refers to the 11 to 10 football bettors lay on
straight wagers. Also known as vigorish.
Lay The Points
A wager on a favorite in a pointspread contest Lay The Price - A wager on a favorite
in a moneyline contest.
Limits
Maximum bet accepted by the house before the price will be changed.
Line
The moneyline, odds, or pointspread of any given contest.
Listed Pitcher (LP)
The pitcher or pitchers listed by Las Vegas oddsmakers as probable starting pitchers
for a scheduled baseball game.
Lock
Easy Winner.
Longshot
Large Underdog.
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.
Moneyline
The amount you must bet to win 100 or the amount you win if you bet 100.
MVP
Most Valuable Player. Leagues give MVP Awards to the best regular season and to
the outstanding player in championship games or series.
Nickel
$500.00.
Off The Board
Game where no bets are being accepted.
Over/Under
A bet on whether the combined total of the points/goals scored by the two teams
will exceed or be less than a specified number.
Overlay
When the odds on a proposition are in favor of the bettor rather than the house.
Overtime
The continuance of a contest that is tied at the end of regulation time until a
winner is determined or the maximum number of overtime periods have expired.
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.
Penny Line
To make a bet after an event has started.
Player
Bettor, gambler.
Pointspread
The handicap, or head start, which the favorite gives to the underdog for betting
purposes.
Press
To bet a larger amount than usual.
"Pucks"
A slang word used to indicate the game of hockey.
Puppy
Underdog.
Push
A tie between the bettor and the bookmaker that is the result of the score of an
event falling exactly on the pointspread number, or the total points number.
Rain Out
A contest that has been canceled because of bad weather.
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
Messenger bettor; see beard.
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; cancel.
Sharp
Wise guy.
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.
Side Bet / Side Wager
A wager on a particular team, or side, to win a contest.
Soft Line
A wagering line that is not current with the true posted line. A line that has been
adjusted or moved as a result of action and does not reflect the true line as posted.
Spread
An abbreviated form of pointspread.
Steam
When a betting line starts to move quite rapidly. Most "steam games" do not necessarily
reflect the "right side", but are games that the mass of bettors somehow decide
to key on.
Straight Bet
A single wager on a selected side or over/under.
Sudden Death
An overtime period in which the first contestant to score is declared the winner
of the contest.
Take A Price
A wager on the underdog in a moneyline contest.
Take The Points
A wager on the underdog in a pointspread contest.
Teaser
A bet on 2 or more teams where the line on each team is adjusted in the favor of
the bettor. Like a Parlay, all selections must be correct for the teaser to win.
The Big Dance
The 64 team, postseason college basketball championship tournament.
Toss Up
Game where the line is close to pick-em.
Total
The line on a given contest, representing the combined number of points/goals scored
by the two teams; see over/under.
Tout Service
A business that sells opinions on sporting events.
Underdog
The contestant in any given contest that is considered the least talented, or has
the least chance to win the contest.
Underlay
When the odds on a proposition are in favor of the house.
Value
An Overlay
Vigorish
Bookmaker's commission, most often refers to the 11 to 10 football bettors lay on
straight wagers. Also known as juice.
Wise Guy
Established and successful sports bettor.
World Series
MLB championship; The final seven games of the baseball playoffs between the two
league champions to determine the world champion.
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