Glossary

A person who keeps track of a bettor's overall balance and records of every bet they have made. This includes the wins, losses, net profits, and more. They will maintain accurate records of every transaction so that the bettor's bankrool is correct. They can help the better in developing a strategy.

Across The Board

A horse racing bet where the bettor will wager equal amounts on a horse to win, place, and show. The bettor will win all three bets if their horse wins ; if they place or show, the can win those corresponding bets

An act of placing a wager or making a bet. This can also refer to the amount of money wagered on a specific event or outcome. It can also be used to described the level of interest regarding the event or match. High profile events can have a lot of action, even before it begins. Many bets will be placed beforehand.

A common event in college football where a game is added after the main lists have already been posted. This can occur due to public demand. Added games can occur in baseball in the event if the game was rained out the previous day.

Stands for 'after extra time'. This covers the sport of soccer when extra time is alloted at the end of regulation due to stoppages in game. AET odds can be offered as live betting options during the match. It may also cover penalty shootouts, but may not always be the case.

A person or organization that acts as an intermediary between a bettor and a sportsbook or bookmaker. They can assist in placing bets and managing the bettor's account. They can also offer a wide variety of services such as deposits, withdrawals, and other account related needs for the bettor.

A term used in the UK for the commission that is levied by a bookmaker. The latter collects this on all bets, winning or losing in order to make profit.

A horse betting term that refers to a horse that finishes out of the money race. This horse may not be considered a winning contender and will usually place fourth or below in the race. This term is also used in races for greyhounds and other athletic events.

Alternate lines

A different point spread or money line options that are offered in addition to the original posted line. They can be adjusted accordingly to ensure that the odds are more or less favorable for a bettor. This is common in games such as basketball and football.

Alternative line

A different point spread or money line that is offered by a bookmaker or sportsbook. This will pertain to the same event, but the odds may be different. This can be useful for those who want to hedge their bets while using an alternative to the main line.

Includes fractional and decimal odds. American moneylines posted at a certain amount are the same as their decimal or fractional pricing. For example, if a money line is posted at -110 and someone wins a $110 wager, they profit $100

Includes information and other factors that can play a role in the outcome of a game or individual's performance. This may be considered inside information to give bettors an opportunity to make more informativebets.

Odds for future horse and greyhound races. These are usually posted a day prior and common during the Triple Crown horse races (Kentucky Derby, Preakness, and Belmont Stakes). Future odds can be posted well into the future, but a bettor could win a low amount.

Average Opponent Power Rating. This is a handicapping term in sports that determines which competitor is considered more powerful than the other. This can help in terms of whether a bookmaker can determine favorites from underdogs.

Allows a better to place multiple bets on different outcomes that pertain to the same event. This can guarantee them a profit regardless of the event's outcome. This can be done by betting on different odds created by different bookmakers on the same event.

A betting term in soccer where the odds start as low as 0.25 goals and as high as 2.0 goals. These are considered as two-way bets as the draw/tie betting options is not available. This originated in Asia but is available around the world.

Against the spread. Pertains to equal action on both sides of the sporting event. Bettors can choose between favorites at home (i.e - Green Bay as -3.5 favorites at home vs Minnesota as +3.5 underdogs on the road). Other information include team records against the spread.

Australian Open

A tennis event that happens in the two weeks of mid-January in Melbourne, Australia. It is one of four Grand Slam tennis tournaments that are held throughout the year. Tennis players, both men and women, compete in singles and doubles competitions.

This occurs to a situation where a losing team scores points in the final minutes of a game and covers the point spread and still lose the game. This is typically an occurance in sports such as basketball and football.

A person who is bankrolling for another bettor. This can be someone who might be placing bets on the behalf of another person.

This happens when a team on the verge of winning becomes a losing ticket. This will occur when points are scored late in the match against their opponent. This can happen to bettors who bet on point spreads, game totals, and moneylines. This is a ocassional occurence for seasoned betters.

A selection or bet that is considered to be an almost certain win. This can be used in parlay bets where the solution can be used as a solid foundation for larger bets. Increasing payout is possible with additional selections.

Money that is deposited into a betting account. The bankroll can increase with each winning bet or decrease with a losing one. This is the betting version of a balance of your bank account which informs you of how much money you have to use for wagering a sporting event.

Bankroll Management

A process that allows you to manage money that is available to you for betting purposes. This allows you to set limits on how much you can wager each bet or ever event. This is useful so you don't lose all the money in your bankroll in one piece. Useful for those who are new to betting.

An alternative person who places a bet on behalf of another. This is used in an effort to conceal their identities from sportsbooks or the authorities. Professional gamblers often use this to evade any detection while keeping their betting activity on the downlow.

A dispute or a claim that a bettor has made with a bookmaker or a sportsbook. This may occur if there is believed to be any instances of wrongdoing on the part of the bookmaker or sportsmaker according to the bettor.

The third and final race of the Triple Crown horse races. The race is held every June in Elmont, New York at Belmont Park. The race is better known as 'The Test of the Champion'. As a prominent horse race, Ante-posts will usually be available the day before the race (including other Triple Crown events)

A wager that is placed on the outcome of a specific sporting event, race, or game. It is a prediction of a winner or loser. Other complext wagers include moneylines, points spreads, and other applicable odds. Bets can be placed via a bookmaker or various online sports betting platforms (app or website).

Betting Exchange

An online platform that is designed for individuals to place bets against other bettors. This is an alternative to betting against traditional bookmakers. Betters can act as both a punter and a book maker by placing bets against others, allowing you more control.

Also known as a syndicate. It is a group of professional bettors working together to bet on sports and events. They will be responsible for movements such as steam moves when the opportunities present themselves.

Betting Strategy

Consists of numerous plants that bettors can use to get ahead of bookmakers. These strategies can be put into practice along with suitable bankroll management. You should also consider doing your research before placing bets on a specific event, race, or game as it may help you make an informed decision.

A decentralized digital currenty that will allow for P2P transactions without any central authority involved. This can be used to bet on sporting events if sportsbooks accept Bitcoin as a form of payment. For online sportsbooks, this is an option if someone wishes not to use regular cash (AKA fiat currency).

An incentive offered by bookmakers to attract and retain bettors as their customers. These can include but are not limited to free bets, deposit bonuses, or cashback. These are incentives given to existing customers as loyalty bonuses or new ones as a welcome gift.

Short for bookie or bookmaker. It can be a person or an entity that accepts bets on sporting events. Their role is to set odds and lines for each event and make a profit on losing bets via commission. Books are available online and in physical locations.

Short for bookmaker. The role of the bookie is to accept bets on various sporting events. They set the odds and lines for a sporting event. They make money on losing bets through commission. Bookies are available in physical locations or online through various sports betting websites and apps.

A person or entity that is responsible for accepting bets for sporting events. They are in change of setting the odds and lines for these events. They earn commission by way of the losing bets made by bettors. They can be present in physical locations such as casinos or online through sportsbetting apps and websites.

An annual series Thoroughbred horse races that take place in the United States and canada. These feature multiple grade I races and offers a total purse of $30 million. The Breeders' Cup is held every November and is considered one of the high-profile horse races in the world outside of the Triple Crown.

A term to describe a $100 bet. It's used by bettors to indicate their wager size. Other terms such as nickel or dime are determined for specific wages. Nickel refers to $500 bets while dime bets are $1000.

The amount a bettor will pay before entering a sports-handicapping contest. The Buy-in will vary from one bookmaker or sportsbook to another. The higher the buy-in, the more prestigious the event might be. This can be used to limit the amount of bettors from making wagers in a contest.

Bettors will have the choice to buy points and use alternate points spreads and game totals to gain more favorability. For example, if the spread is +2.5, they can by one more point to move the line up to +3.5 points, which can increase the odds with every point that you have purchased.

The award that is given to the top-performing rookie in the National Hockey League during its regular season. The Calder Cup is awarded with other prestiguous NHL awards every summer at the annual NHL awards. Others include the Art Ross Trophy, the Hart Memorial Trophy, and other awards.

A type of betting line that is used in Ice Hockey and Baseball. It's similar to a point spread but uses fixed numbers of points. It also uses a combination of a moneyline and a points spread. It allows the betters to pic a team to win along with the margin of victory.

Short for the College Football Playoffs. This event is held towards the end of the year and features four of the top teams in college football. Teams are seeded as 1 vs 4 and 2 vs 3. The teams compete in the National SemiFinals. The winner of the two games will compete for the national championship.

An alternative term for 'favorite'. A team is the 'chalk side' if they are a favorite over their opposing team. For example, if the Boston Cetlics are the -2 point favorites over the Philadelphia 76ers, they are on the chalk side.

A bettor who typically bets on the favorites. This is considered a safe option since they are most likely going to win the bet if the team wins. While the odds of the team winning are great, the payouts are typically lower than other bets.

Pertains to someone who likes to bet the favorites or the team or individual who is on the 'chalk' side. They do not care about the odds or their chances of winning. They may have a less likely chance to win in the long term and a type of bettor that is less sophisticated.

A bettor or activity that is known to increase the size of a bet or wager in an effort to recoup any losses from previous bets. This may be a risky or unwise strategy as it can lead to further losses. This can also lead to financial issues for a bettor if they continue to use this.

An activity where the bettor repeatedly opens and closes accounts with bookmakers and sports books in an effort to take advantage of bonuses and promotions. This is an unethical practice that can lead to a bettor's account being restricted or outright closed.

A game or match that has restrictions on the amount that a bettor can place. This practice is done by sportsbooks to limit the potential liability on a game that will be hard to predict or when unusual circumstances may arise as a result.

A final betting line or odd that is set by the book maker on a particular game or event prior to its start. It is available for bettors to wage on. It may be different from the opening line and can be affected by the amount of money the bettor wages on one side.

Closing line value

A comparison between the line and odds at the time of the bet you have placed and the closing line. A smart bet would be beating the closing line when you make a bet using a number that is better than the closing line itself.

Refers to two or more teams that have an equal chance of winning a game or event. They will have similar odds of winning. This is better known as joint favorites.

The NFL combine is a series of physical testing events that take place. This features draft prospects of the National Football League. They will be tested in a series of events such as a timed 40 yard dash, vertical jump, bench press, and other events.

A fee that is charged by either a bookmaker or a betting exchange on winning bets. It is a small percentage that is used to cover any bookmaking costs while generating a profit in the process. It can be charged as a decimal or fraction.

Commissioner's Trophy

The trophy awared to the winning team of the World Series in Major League Baseball. The winner of the trophy is decided in a best of seven game series between the American League and National League champions. It can be decided in at least 4 games or more.

A general agreement among bettors, experts, or oddsmakers regarding the outcome of a game or event. This can also be used to indicate which team or individual has a greater chance of winning. This can lead to an influence in the betting lines and odds offered by a sportsbook.

A person who bets against the consensus or popular opinion. They look for opportunities to be such as betting on the underdog or opposing who everyone else is betting on. They can utilize analysis or data in order to make an informed decision regarding their bet.

Contrarian Betting

Someone who bets against the general consensus

A type of bet common in soccer that requires a bettor to predict the exact score of the match at the end of the regulation. This is a complex bet to win as the outcome can depend on several factors. For this reason, the odds of higher compared to other bet.

Corrlelated parlay

A type of parlay bet where two or more bets are placed on differtent outcomes of the same game but dependent on each other for the parlay to win. These will usually have a lower payout compared to a standard parlay and is considered a higher risk bet.

Cover/Covering the spread

A team winning by a margin of points that is greater than the point spread. If a team is favored to win by 7 points and they win by 8 or more points, the spread will be covered. An underdog can cover the spread by either winning the game outright or losing by a point less than the spread.

Cross-sport prop

A type of bet that combines outcomes from different sports events to create a single wager. This can be used for unique and interesting betting opportunities. For this reason, it's considered to be a higher risk bet since it can depend on the outcome of multiple events.

Analyzing numbers of statistics intended to find information. Especially when it can be useful for bettors to make bets using the data provided. This data can be used by betting experts who offer advice to bettors at subscription rates.

Also known as a toss up. It's when competitors have been tied throughout the contest without a declared winner. The game can result in a draw or tie, leading to a push in bets.

Also known as European Odds. Represents the total payout including a bettor's original steack. Decimal numbers are being used to better understand the process. The higher the number, the higher the payout for the winner.

A term for a compulsive gambler. They may be known to make bets regardless of winning or losing. They may also make large, risky bets. They may also be reckless in their actions as well. Degenerate gamblers might be barred from future betting opportunities at the discretion of the bookmaker.

Known as a bet for $1000. This is considered to be a high-stakes bet considering there is a significant amount of money being placed on a single event. It is believed to be from the practice of using a 'dime line' in baseball, which the difference between the moneyline odds for each team would be 10 cents.

A point spread or moneyline that is typically used in baseball betting. This is known to be a small difference in the odds or payouts between two teams, which is usually 10 cents. The odds and payouts for one team can be slightly better than the other. The dime line can reduce the amount a better can risk.

Short for underdog in a game or event. Bettors who bet on underdogs are also known as 'dog players'. Dog players are known to make riskier bets, but the rewards include a more profitable payout compared to chalk bettors.

A person that bets on an underdog to win the contest. Underdogs are less likely to win the contest, but a dog player will gain a profit if said underdog wins the contest outright or covers the spread.

A term for making a bet of $100. This is a bet that is not as high stakes given the amount. It's an amount of money that can be placed on a single event. It's larger amount counterpart is known as a dime.

A type of bet which the bettor can make two separate bets on a single wager. The first bet will focus on a specific outcome while the other focuses on the opposite. This can be useful if a bettor is unsure of the outcome.

Refers to two separate wagers. They must be successful for a bettor to win. They are typically placed on different events and the odds of these events will need to be multiplied together in order to get the payout.

A bet that allows a bettor to cover two of the three possible outcomes in a sporting event in one wager. This will give a bettor a chance to win or draw when betting on a team. This may be a safer bet compared to 1x2 bets.

This covers two possible outcomes in the same event or match. It is used to minimize the risk of losing, but minimizes the chances of winning at the same time.

Two games that are played back-to-back on the same day and at the same location. This is typical in baseball and occurs if one game is rained out. Other sports may play double-header games in the same day. Thus, it provides an excellent opportunity for bettors to make multiple bets.

A bet that is twice the size of a typical bet. If a bettor averages $100 a bet, the double pop amount is $200. This can be used if they know for sure about a sports team or individual that is about to win a contest.

A type of bet where the bettor predicts the outcome of two different sporting events. This includes the outcome of the half-time and full-time result of a sporting game. The bettor must get both predictions correct to win the bet. This is also known as a half-time/full-time bet.

Also known as a $20 bet. This plays on a term known as a sawbuck, which indicates a $10 bet in sports betting.

A result in a sporting event that results in a tie or a stalemate. This occurs in games such as soccer and football in the regular season. Draws cannot occur in a playoff setting as the game must be decided in Overtime and Sudden Death.

A change in odds that is offered by a bookmaker over time. This happens when odds for a particular outcome get longer or worse. This can occur due to the likelihood of a specific outcome or a shift in the balance of money being wagered.

A type of bet that allows a bettor to place two separate bets on a single outcome. In horse racing, one wager can be chosen for a horse that wins and the other to place. This is also common in the sport of golf.

Offered by some (but not all) sportsbooks and betting sites where a better can end the bet before the event is over and receive a payout based on current odds. This can ensure a bettor can lock in a profit or cut their losses before the event is decided. The payout may be less than intended.

Money that is wagered on a team or individual once the lines have been made available. These will usually take places days before a specific sporting event. Once the bets are made, they are locked in at the odds at the time of the wager. The odds can change over time and thus make the bet riskier.

An act of winning or profitting from a bet. This is accomplished through varieties of methods like finding the value in the odds offered by the bookmakers by way of advanced strategies or having inside information about the teams or players involved with the contest.

A statistical advantage or a preceived advantage that bettors or bookmakers have over the others. The edge can come from numerous sources including inside information, a sharper understanding of the sport, or a betting system that is proven. The greater the edge, the better your chances.

May also be known as a buy-in. An entry fee is required for competition in sports-handicapping contests. Entry fees may vary depend on several factors such as the sportsbook or bookmaker, the importance of the event, and other factors. An entry fee may be high enough to limit the amount of bettors.

Stands for English Premier League, a professional soccer/football league in England. It consists of 20 clubs and is one of the most competitive and watched leagues in the world. Interest outside of the United Kingdom has grown over the years, thus generating interest in viewing and betting.

A bet where the payout is the same as the original stake. If a bettor wagers $100 at even odds and wins, they will receive a $100 payout and get a total return of $200. This is also known as 1:1 odds or 2.0 decimal odds.

In horse racing, thie type of bet is when the bettor selects the first and second places finishers in the correct order. It is one of the most challening and higher risk bets compared to a simple win or place wager. These will offer a higher payout if the bettor is successful in winning the bet.

A type of bet that is complex compared to traditional straight bets. These include but are not limited to parlays, teasers, prop bets, and futures. They are considered ''exotic' due to their complexity.

A statistical term in gambling and sports betting that describes the average amount a bettor can expect to win or lose on a particular wager. This will happen over a lengthy period of time. The calculation is multiplying the probablilty of each outcome by the payout or loss. When summed up, that is the expected value.

A total amount of money that a bookmaker or bettor stands to lose in a game or event. It's known as the financial risk of the bet. High exposure is defined as having a lot of money at stake while a low exposure is opposite of that.

A favorite is a team or player that is most likely favored to win a game or event. Thus, they will have lowest odds to win. Chalk bettors will consider these a safe bet to win, despite receiving a low payout if they are successful.

All competitors in an event except for the favorites or top choices. A bettor can wager on the field to win, which includes competitors excluding the favorites. These offer higher odds and higher potential winnings for successful bets.

An international soccuer tournament organized by FIFA that takes place every four years. 32 national teams including the host nation competes for the World Cup Title. It generates plenty of worldwide interest for viewership and sports betting.

Another term for a $50 bet. Interchangable from the other term 'Half-A-Dollar", which indicates the same thing. Experienced bettors use these terms to determine the amount of their wager.

The Semifinal Round of the NCAA Division I Men's Basketball Tournament that is held annually in the United States. The four remaining teams from the Round of 64 compete for a spot in the National Championship game. This is considered one of the largest events for viewership and betting.

A betting strategy where multiple bets are placed on a particular even or game with the intent to maximize the payout. This is a strategy that is used by professional bettors that often are willing to take on a higher level of risk.

This is a wager that is placed during the first half of a game, match, or event. This is used in sports such as basketball or football where the outcome of the game is not as predictable after the first half of the contest. The odds can change depending on several factors.

First/Last/Anytime Scorer

A type of bet on a football game where the bettor predicts who can score the first, last, or any goal during the match. A similar system is used for bettors in other sports, if and where available. For example, you can predict which player will score first in an NFL game.

Odds that are set for a specific event and remain the same regardless of how much money is at stake. These differ from dynamic odds, which change according to the amount of money that is bet on each option. Fixed odds provide bettors with an exact payout for a winning bet.

A betting strategy where the bettor wagers the same amount of money on each bet. This is considered to be a conservative betting strategy as it limits any potential losses while the bettor manages their bankroll over time. This may be considered a form of bankroll management.

Betting a flat amount of money for every bet the bettor wages on. This is designed to ensure that they mitigate their lossess as opposed to losing it all on risky bets.

Refers to recent performance of a team or individual which is used to predict the outcome of future events. This can be used as an indicator to determine which teams are in good shape and are likely to win compared to struggling teams that will be less likely to perform well in a contest.

Another term for $100. May often be used when making "dollar" bets. This is derived from Benjamin Franklin, who appears on the US $100 bill.

A major tennis even that is held in a two week period from late May into early June. It is one of the four Grand Slam tournaments. It takes places at the Roland-Garros, which is known for its clay tennis court. It is also a major event for viewers and sports bettors alike.

Frictional odds

Differences between the true odds of a game or event versus the odds offered by bookmakers. This is also known as the overround. This is built to ensure that bookmakers make a profit for each bet they have placed. Frictional odds might give bookmakers an edge.

A type of wager that is placed on the outcome on a future event. This typically includes a team winning a major championship or an individual winning a major award. These wagers are placed in advanced and odds can change over time.

A type of wager that is placed on the total combined score of a game or match. They can bet on the total score being over or under a certain number that is set by the bookmaker. Various sports apply to this including basketball, hockey, and football.

Placing a wager. Often used to indicate that a bettor takes a certain action on a team, individual, or event. Can also include increasing the size of an exising bet.

The process of determining an outcome of a bet after the event has conclused. A bookmaker will review the results and official rules and assign a winning or losing status for every bet they accept. Bets are settled using this grading system.

A type of bet regarding the total number of goals scored in hockey. The wager can be on the total of goals scored being over or under a certain number set by the bookmaker. This is popular among hockey fans that bet on multiple games at the same time.

A total amount of winnings that a bettor has won. This excludes any commission fees or any applicable fees that are eventually taken out. This isn't to be confused with net wins.

A bet that is valued at $50. This also pertains to other money slang terms such as dollar or buck, nickel, or dime. Bettors can use these slang terms to decide how much they are willing to wager.

Half ball handicap

A half ball handicap is similar to Asian Handicap where the handicap line is set to 0.5. This means that the handicap is a half goal in favor of one team. This is used to event out odds between two teams while eliminating a possible draw.

A type of wager that is placed on the outcome of the first half of a game or match. This is typical in games such as basketball or football. These odds can change based on several factors such as strategy, score, and injury.

A person who analyzes past performances, statistics, and other pieces of data to make predictions on the outcomes of future games and events. They predict which team is most likley to win and provide insights on potentially profitable bets.

A total amount of money that is wagered on a specific event or game. This is important to bookmakers as it can calculate their potential profits and losses. It can also provide an indicator on how popular the sport or even it.

A major individual award that is presented to the Most Valuable Player in the National Hockey League. This is given to the winner at the NHL Awards, which are held during the summer months of the offseason.

A bettor that is on a winning streak. Can also be described as experiencing a hot streak when a bettor is consistently winning. This can indicate whether they are having a 'lucky' period or if they are consistently picking winning bets.

Make a second bet to offset the potential losses of the first bet. This can be done by placing multiple bets on different outcomes. It can be used to lock in a profit if the bettor believes that the original bet is a losing one.

A bettor who spends a lot of money on gambling. They typically are successful bettors and may also risk betting more money than normal. They may also win more money in the process if their bets are successful.

A percentage of money that a bookmaker or casino keeps for profit from the bets placed by their customers. This can be known as the 'house edge' and is a measure of how much bookmakers or casinos can expect to make from each bet over a period of time.

Holding your own

Describes a situation where a bettor is neither winning nor losing. This is best known as breaking even. A bettor places a bet on events or games which they might not be taking too much of a risk.

Home field advantage

Refers to a perceived advantage that the home team has over the visiting team. This includes being familiar with the field or arena, home crowd support, and other factors. This is usually taken into account by oddsmakers when they set lines and odds.

A half point added to or subtracted from a point spread. This can be used to make the spread more favorable for a team and to balance the amount of money being bet on each side. Can be used for bettors to place a wager on a certain team or outcome.

A slang term for basketball. Bettors can bet on basketball games at the college and professional levels. These include NCAA and NBA basketball games during their respective seasons and post-season tournaments.

Upcoming information about a sporting event. A bookmaker may not be aware of this information until it's close to game time. This will give experienced bettors an advantage to place a bet beforehand (and at greater odds for a potentially higher payout).

A type of wager allowing a bettor to place multiple bets on different events. The second bet is only placed if the first one wins. This will allow bettors to hedge their bets and win more money in the process. These are also known as reverse bets or conditional bets.

A wager that is placed after a game or match has started. These are also known as live bets or in-game bets. They allow bettors to place them based on the current state of the game. This is available across various sports.

A winning bet and returns on a profit to the bettor. This can be referred to bettors in horse racing that has betted on horses that finish in the top three positions. Otherwise, it can indicate that a bettor has won a profit.

Two or more teams or competitors are given the same odds to win a specific event. The odds are usually shorter than the odds of other competitors. The payout for these bets will usually be low.

The commission charged by the bookmaker on a losing bet. Typically, it's 10 percent of the bet and allows the bookmaker to profit. This ensures that the bookmaker has a neven profit when the outcome is unpredictable and many bettors are winning.

Kelly Criterion

A math formula used to determine the size of a series of bets in order to maximize growth of a bankroll over a period of time. This will take into account the winning probabilities, payout, and the size of bet.

The first of the three Triple Crown horse races. The Kentucky Derby takes place every first Saturday of May at Churchill Downs in Louisville, Kentucky. It is considered to be one of the premier horse races in the world.

Specific point spreads in football and basketball that have significances in determining the outcome of games. They can be used by bettors to make informed decisions about where to place their beds and identify opportunities of profitable bets that will favor them.

Indicates the last three, last five, or last ten games respectively. This is a record indicator to determine the win-loss record of a team's previous constest. For example, L10 refers to the teams record from the last ten games (i.e - 8-2 or winning 8 or the last ten games). This kind of information can be useful for strategic bettors.

Larry O'Brien Trophy

The Larry O'Brien Trophy is awarded to the winner of the world champions of the National Basketball Association. The winner of the trophy is decided in a best of seven series of games known as the NBA Finals.

A practice of betting on the favorite team to win by more than the point spread. Betters who lay points are betting that the favorite will win by more than the margin set by the bookmakers. This is considered to be a risky bet since bettor believes the favorite will win by a larger margin.

A bet placed by a bookmaker or another better with a different bookmaker. This is designed to reduce the risk of a large payout. A better can bet on the opposite side of a wager they have already made to balance the risk while taking advantage of favorable odds.

A maximum amount of money that can be wagered on a particular event or outcome. This is set by the bookmaker and can vary due to several factors. This will ensure that the both the bookmaker and the bettor do not suffer heavy losses. Limits can be imposed on bettors that make a habit of making large bets.

The point spread or odds that are offered by the bookmaker on a particular game or sporting event. It is an indicator for teams that are favorited to win and by how much. It can be used by bettors to determin the potential payout for the winning bet. The lines can be adjusted throughout the week prior to the event.

Also known as an oddsmaker, this person sets the point spread and odds for sporting events. They take into account many factors based on data they are presented. They may adjust the line during the event such as the state of the game.

Listed pitchers

This is a common term involving baseball. It refers to starting pitchers that are announced by a team before the game. They are expected to start the game and the outcome of the game can be affected by their performance. A strong pitcher can give a bettor more confidence in terms of who wins.

Also known as in-play betting. This is where bets are placed while the game is taking place. Factors can play a role in whether a bettor makes one prediction or not. However, faster decision making and a good understanding of the game is required for experienced bettors.

Odds that are updated and changed in real time while the game or event is in progress. These odds can change where a team that may have been the underdog at the start can become the favorite if they perform well enough to win outright. This can favor certain bettors such as those betting on the underdog.

Describes a ceetain bet that is considered to be a guaranteed win. One major factor can be a mismatch in teams or players. Inside information can play a role in this. A bettor is expected to make profit in 'lock' games. However, this can be used as a 'trap' by bookmakers.

A team or competitor that has little to no chance of winning a particular event or game. These odds are much longer than the odds for the favorites. Successful bets on longshots, while extremely risky, can lead to massive payouts.

A college basketball tournament that takes place every March and ends in the first week of April. There are four play in-games that will determine the Round of 64 teams that will play in the tournament itself. The winner of the tournament will be declared the national champions.

Another term for a sucker. This is someone who is inexperienced with betting and is more than likely to be taken advantage of. Especially by bookmakers who may use shady tactics.

A short-term, interest-free line of credit that is offered to bettors through bookmakers or sportsbooks. Bettors are expected to pay off these loans quickly in the amount of alloted time. The average time of terms is approximately 30 days.

Martingale System

A betting stratgy where the better doubles their wagers after each loss in an effort to recoup them and make a profit. This practice is considered to be high-risk, high-reward considering the possibility of continuing losing streaks and financial lossess.

Masters Tournament

A golf tournament that is held annually during the first full week of April. It is one of the four major championships in the sport of professional golf. As it is prestigous, it attracts the world's best golfers. It is also popular among bettors who are familiar with the game of golf.

A professional bettor who may be known to beat the betting market. This can be due to their ability to gain inside information and have expert levels of research or analysis to bet successfully on the winners. They tend to do this on a regular basis and are rewarded for their efforts.

A page that contains details on two teams or individual competitors. These include but are not limited to statistics, records, and their recent performances. These are provided to bettors by sportsbooks and bookmakers to help them make informed decisions on a bet they can place prior to the event.

A situation where a bettor can place multiple bets on the same event, but with different bookmakers. The reason for this can be due to the different point spreads or odds. A better can win both bets regardless of the outcome. Good timing can be a factor in a bettor's success in this situation.

Major League Baseball. A sports league with 30 teams with 29 in the United States and one in Canada. The regular season starts in April and ends in late September or early October. The playoffs begin in October with the end round being the World Series.

The MLB Draft (also known as the MLB entry draft) is an event that is held every June. The top MLB prospects are drafted by their respective teams. Most players may not be in the majors after being drafted. Bettors can bet on picks in specific rounds.

Major League Soccer is the pro soccer league with teams based in the United States and Canada. The season runs between the months of February and ends in October. The playoffs will determine who wins the MLS Cup.

A type of bet where a bettor can pick a team or competitor to win outright, regardless of the point spread. The moneyline bet will reflected on the likelihood of each time winning. These are popular in sports where point spreads are not often used.

A slang term to describe a large bet (considering that a moose is a large animal). An alternative definition could be a last-minute loss. The term is interchangable depending on the situation that can affect the bet.

Moving The Line

Known as buying points. Bettors can purchase points if they believe a team is winning by more than the amount set by the oddsmaker. For example, if the team is set to win by 7 points, a bettor can make a bet stating they can win by more than 7 points.

Also known as parlays, these are sports bets where a bettor can make multiple selections within one wager. The selections must be in the correct order for the bettor to win. These are bets that offer higher payouts compared to single bets. However, they're very difficult to win due to some complexities.

Describing a weak or unskilled bettor. This is not to be confused with a newbie. This is a bettor that has experience but is shown to take losses or event make weak bets because of their lack of confidence or strategy.

Stands for Most Valuable Player. Each league awards this prestigious individual award to the best player of their respected sport. This is typically based on statistics and their overall performance. Bettors can predict who can win the MVP award in their respective sport.

Used in horse racing as a selection that a tipster or handicapper believes to have the best bet for that day. This is also known as best bet. This is tied to the horse that has the best chance of winning.

Stands for National Association for Stock Car Auto Racing. This racing organization has a season that begins in February and ends in November. The points leader at the end of the season will be awarded the NASCAR Cup. There are other cup series in NASCAR including XFinity and the Craftsman Truck Series.

Pertains to the game of golf. This includes wagers on what goes on during the first nine, last nine, and the entire match.

The National Basketball Association. Consists of 30 teams in the NBA with 29 based in the United States and one in Canada. The NBA season begins in November and ends in April. This is followed by the playoffs to determine the World Champions of the NBA.

An event that is held every June. The NBA selects amateur players from the college ranks (including G-League or foreign players). The draft lasts two rounds and a total of 60 prospects are selected.

The governing body for college sports in the United States. They are responsible for overseeing the rules and regulations among various sports at the college level including Division I, II, and III.

Someone who is new or inexperienced to sports betting. They may not have a strategy that they'll use. So they may use basic betting strategies in an effort to win money. They may not have any inside information or expert analysis to make informed decisions that will affect them making a bet.

The National Football League. It is an American Football league that consists of 32 teams, separated by two conferences and four divisions a piece. The season runs from September and ends in January. This is followed by the playoffs which determine the Super Bowl champions.

An event that takes place every April. This is held over seven rounds and lasts almost three days. NFL prospects from college are selected in these seven rounds. The first round begins on Thursday and subsequent rounds run from Friday to Sunday.

The National Hockey League. A professional hockey league that consists of 32 teams based throughout the United States and Canada. The season runs from October until April. After the regular season, the playoffs will determine the winner of the Stanley Cup.

The NHL Draft is held every June. The 32 teams from the NHL select prospects from around the world. There are 7 rounds in the NHL draft. This can be a betting event for those who are sharp about the game of hockey.

A term to describe a bet of $500. This is a type of bet that utilizes money slang such as Dime ($1000). A nickel bet is not as high stakes as its dime counterpart.

Indicates an invalid wager and will not be accepted by bookmakers. This can occur when a game or event is cancelled or postponed. Other times, it can be due to mistakes in the odds or lines or player misconduct. The bettor has their original stake returned and the bet counts as neither a win nor loss.

Betting on non-sporting events. These include but are not limited to political elections, reality TV shows, celebrity news, and others. These types of bets lean more towards fun and entertainment rather than a serious way to make money. The payouts are risky at best given the uncertainty of events.

A bet in baseball where you bet on no runs being scored in the first inning by either team. Those familiar with the game of baseball will typically use information from other teams based on past performance in the first inning of play.

Numerical expressions used in betting to indicate the likelihood of a particular outcome. They are used to determine the payouts for winning bets. Odds are displayed in either fractional or decimal odds. Decimal odds express total payout while fractional odds determine the payout that is relative to the stake.

The format of which the odds are being presented. They can be presented in fractional, decimal, or American odds. These can vary from the locations around the world. In the UK and US, ratio odds can be used. However, other countries may rely on the decimal formal. American odds use plus and minus along with a 100 unit stake (i.e - +250 or -300)

Odds on favorite

A team or competitor that is most likely to win an event based on the odds. They are often displayed in negative numbers in the American odds format. For example, and odds on favorite could be listed as -300. They might also be displayed with a number that is less than 1 in decimal form (i.e - 0.7)

The practice of comparing oodds offered by different sportsbooks or bookmakers on the same event to ensure you find the most favorable odds. Seasoned bettors will take advantage of odds shopping in an effort to maximize their payout. Typically, they will do this by checking on rundowns set by various sportsbooks and bookmakers.

A professional that is respnsible for setting the betting lines and odds for events and competitions. These include sports gaes and horse races. They utilize data and analysis in order to make determinations of particular outcomes and set the odds accordingly. They create lines and odds that encouraged balanced betting action on both sides.

A term that indicates a particualr event or wager that is not available for betting. This can occur when a game is canceled, a mistake in the odds or line, or if a player is found involved in misconduct. This can occur if too much money is bet on one side of the wager. Bettors will have their stakes returned if a bet is off the board.

A person who has run out of money and is unable to make bets. This is also known as being tapped out. This can happen on a temporary or permanent basis depending on the bettor's desire to continue placing bets.

An early line for a game or event that is set and only open to exclusive bettors.

Outright betting

A type of wager that is placed on the overall winner of a tournament or competition prior to its start. This can be on a long-term even such as a sporting season or a tournament. While the payouts are significant, the uncertainty or high risk is still present. This includes waiting until the end of the tournament to see if their bet wins.

A type of wager placed on the total number of points, goals, or runs scored in a game or event that is higher than the number set by the bookmaker. The over is part of the 'over/under' line. If such a line is set at 5 goals, a better can place an over bet by predicting a number of goals being more than 5.

A term where a horse has odds that are greater than their win potential. Their target bets may offer better payouts compared to those with fair value odds.

A type of wager where the bettor can place a bet on the total number of points, goals, or runs scored in a game or event. The over is defined as the number more than the set line, while the under indicated the number less than the set line. For example, if the bookmaker sets it to 5 goals, one better can predict 4 (under) or 6 (over).

A wager where multiple bets are combined into one collective bet. The bettor makes multiple selections that must win in order for it to be successful. The potential payout increases with the number of selections. Likewise, the risk also increases as well. This is known as an accumulator or a multiple bet.

A parlay bet where bettors can make multiple selections with one of them being a 'lock' chosen by the banker of the parly. The rest of the selections are known as 'non-bankers'. They do not have the same level of certainty. Bettors will place a wager with a banker and non-banker selections. The payoff will be determined by the odds of the non-banker selections.

A card that is used for parlay bets. The odds listed on the card will be different from those that are listed by the sports book. The bettor will fill out these cards and submit them to the bookmaker. Parlay bets can lead to greater payouts, given the larger risk that is involved.

A wager bet on an event that has already started and is in progress. This may not be confused for live betting or any of its types such as first-half or second-half bets.

The amount of money a bettor wins after making a successful wager. This is calculated by multiplying the stake by the odds of a bet. For example, if someone wagers $100 on an event with 3 to 1 odds, the winning payout will be $300. There are different payout structures depending on bet types. A single bet will be different from a parlay

PGA Championship

An annual professional golf tournament that is organized by the Professional Golfers' Asociation of America. It is one of four major championships in men's golf. This includes the Masters, U.S. Opean, and Open Championship. The winner is awarded the Wanamaker Trophy. The championship is played on a rotational based in courses around the United States.

A betting line or market where bookmakers see both teams or competitors having an equal chance of winning. A bookmaker does not set a point spread and bettors will choose which team or competitor will win. The payout will be close to the amount a bettor has wagered. This is also known as a 50-50 proposition.

A proposition bet where they bet on individual players. For example, they might be betting on a player on a specific team that may score the team's first points. Another variation is determining whether a specific player can reach a certain goal today or not (I.e - Score a TD)

Also known as a teaster. They bettor will move the line against themselves in order to acquire a much larger payoff.

A wager which the bookmaker sets as a handicap or spread on a team that is favored to win a game or event. The underdog team is given the same number of points as a head start, giving them the ability to win or lose by less than the point spread in order for it to be covered.

A scheduled start time for a horse or greyhound race. It is the official start time for when it is set to begin. By this time, all bets are locked in. The post times are listed in advance and can be found on a race card or a program. All bets must be made by the post time.

Used to rank teams or competitors based on their performance and potential for future success. These are commonly used in various sports including basketball, football, and baseball among others. The power rankings are put together by experts in their respective field (usually sportswriters or analysts).

Preakness Stakes

The second of three Triple Crown of Thoroughbred horse races. The event is held annually at the Pimlico Race Course in Baltimore, Maryland. The Grade I race is approximately 1 3/16 miles and the competitors are three year old Thoroughbreds. The race is held in the middle of May and is considered one of the popular betting events in horse racing.

To start wagering more money than normal. This is typically a practice for bettors who are trying to recover any previous losses on bets they have made in previous contests. They may be risking more money lost in their efforts to make gains.

This refers to the odds or line that a bookmaker sets for an event or wager. It is the amount a bettor can risk in order to win a certain payout. This can be represented as a ratio or decimal. The price can be influence based on several factors. It can also be affected by the amount of money that has been wagered on the event.

This refers to the odds or line that a bookmaker sets for an event or wager. It is the amount a bettor can risk in order to win a certain payout. This can be represented as a ratio or decimal. The price can be influence based on several factors. It can also be affected by the amount of money that has been wagered on the event.

Provided to bettors via sportsbooks or bookmakers. This is described as a sheet that contains betting lines or odds for any given day or events. These will change daily given the number of contests that will be going on.

The amount of money that is up for grabs in a sports betting contest. The pool is compiled of the amount of money placed by competitiors. The larger the competition, the more money in the pool. The winner of the contest may win the pool outright or in a percentage (depending on the rules).

Proposition bet

Known as a prop bet, it's a wager that allows bettors to bet on specific outcomes or events that are not directly related to the final score of a game or competition. This can include things such as the total number of points scored, yards gained, shots taken, etc. Payouts can be significant, but not without an increased degree of risk or uncertainty.

An individual or organization that is authorized to place bets on behalf of another bettor. They can do this if the other bettor is unable to due so because of physical incapacitation or residential restrictions among others. A proxy can be a friend, family member, or a professional betting service. This may not be legal in all jurisdictions.

Public Betting Percentage

A percentage that pertains to how much public bettors are placing on a certain team or individual competitor. This is common among those who are inexperienced bettors and want to bet alongside the majority.

A bet that is placed by the general public (unlike professionals and sharp bettors). Public money bettors are less informed and less likely to be based on analysis. This can add a significant impact on betting slines and odds. This is also known as square money and is contrasted with 'sharp money'

A wager specific to the sport of ice hockey that is similar to betting in other sports. This is a combination of a moneyline and a point spread bet. A book maker sets a handicap of a certain number of goals for the favorite team and the underdog gets the same amount. Margins of victory are smaller and the point spread can give a bettor a good chance to win.

A wager specific to the sport of ice hockey that is similar to betting in other sports. This is a combination of a moneyline and a point spread bet. A book maker sets a handicap of a certain number of goals for the favorite team and the underdog gets the same amount. Margins of victory are smaller and the point spread can give a bettor a good chance to win.

A British slang for a bettor. They will place bets on sports in the United Kingdom or elsewhere in the world. Typically, a punter will focus on various sports that may be going on in the UK, mainland Europe, and other places.

Another term for underdog or dog. This term may be used depending on the sportsbook or bookmaker you use. However, it's unclear which ones use the term. Betting on the puppy is the same as betting on the underdog.

Also known as a tie. The final score of a game or event that results in a tie or if the point spread or total is exactly the same as the betting line. The bets will be returned and no one wins or loses. As an alternative, bookmakers can offer half points to avoid a push (though an uncommon practice).

Also known as a tie. The final score of a game or event that results in a tie or if the point spread or total is exactly the same as the betting line. The bets will be returned and no one wins or loses. As an alternative, bookmakers can offer half points to avoid a push (though an uncommon practice).

A wager that allows bettors to predict the outcome of a specific quarter or period of a game or event. This is typical in sports like basketball or football. This is similar to live bets where a bettor can place one while the game is in progress. However, quarter bets are wagered before the quarter begins.

Recreational Bettor

A bettor that places wagers on an infrequent basis. They are considered more of the 'public money' bettors as opposed to the sharp or professional bettors. They might do this on a casual basis and not use it as a serious way to make money.

A betting option that offers lower commission or vigorish on a bet. This can make it favorable for a bettor to win. If they lose, they will pay a lesser commission to the sportsbook or bookmaker so the latter makes a profit.

Known as a reverse bet. A bettor will combine multiple straight bets into a single wager with the order of them being reversed. This can lead to multiple outcomes within the bet itself.

Reverse Line Movement

A term or situation where a betting line is moving in the opposite direction of the majority of bets being placed. This may be due to contrarian bettors who may be going against what the general consensous is betting one.

When a new bettor signs up with a sportsbook and places their first bet. It's risk-free as they can lose the bet and be credited with the amount lost onto their bankroll.

Return on Investment. This will pertain to a profit that you have received from a winning bet. A positive return on investment will add more money to your bankroll. The opposite is a negative return on investment, which leads to a loss of bankroll

Rotation number

A number that is assigned to a team or individual by a sportsbook. This number is used for identification purposes when bettors are making a wager.

Rotation Number

Numbers that are assigned by bookmakers for all beetting options on the board. The bettors will use a rotation number when placing bets at betting windows in physical sportsbook sights.

A type of bet that involves multiple parlays with a specific number of teams and competitors. This type of bettor will create multiple parlays from sets of teams allowing for a possible combination to be made. This is a type of bet that can lead to a high payout, despite the high risk that goes with it.

Rookie of the Year. This is awarded to the top performing rookies of their respective sport. In the NFL, a rookie for offensive and defensive players are each awarded. Rookie of the year bets are often considered future betting events. The predictions are risky in the beginning as no performance stats have been recorded.

This is a specific name for a point spread in the game of baseball. The favorites will often be posted at -1.5 runs while the underdogs are posted at + 1.5 runs. During live bets, these run lines will increase or decrease while the game is in progress. This can be used as a form of live betting.

This is a specific name for a point spread in the game of baseball. The favorites will often be posted at -1.5 runs while the underdogs are posted at + 1.5 runs. During live bets, these run lines will increase or decrease while the game is in progress. This can be used as a form of live betting.

A list of all possible outcomes of any given game or event. This includes the corresponding odds or payouts for each income. This list is used by bettors for comparing the valye of different bets while making informed decisions on their wager. These are provided by bookmakers and online sportsbooks.

A person who runs a bet for another person for a fee or percentage of the winnings. This is done in an effort to circumvent legal restrictions or place bets in states where online betting is not allowed. A runner will be a resident of a state where sports betting is considered legal.

A person who runs a bet for another person for a fee or percentage of the winnings. This is done in an effort to circumvent legal restrictions or place bets in states where online betting is not allowed. A runner will be a resident of a state where sports betting is considered legal.

Also known as a $10 bet. Another term is a double sawbuck, which indicates at $20 bet. These terms are used by bettors referring to a specific amount of money they want to wager.

A bettor who purchases low-priced tickets or bets and resells them at higher prices. For example, a scalper will sell bets at a price that is different from what bookmakers offer. Their intent is to gain a small profit. Scalpers usually operate through automated methods including special software.

A service that claims to have information or a proven track record in picking winning bets. However, they provide false and misleading information, which can give them opportunities to take advantage of unsuspecting bettors. To that end, these are considered scammers that take money with no intent of returning it.

Represents a postponed or cancelled game. This will happen in the event if a baseball game is rained out, postponed or canceled due to unforseen circumstances, or other factors.

Second Half Bet

A bet that is placed to predict the second half of a game, such as football or basketball. You can wager a bet during halftime, even though you may have information such as how well a team is performing during the first half. Bets can be placed on total points, moneylines, or point spreads.

A trophy that is awarded to a forward in the National Hockey League that demonstrates their skills in the defensive component of the game. The trophy will be awarded to the winner at the NHL Awards during the offseason. This and other NHL awards are often betted on by hockey fans.

Relates to point spread betting. This allows a bettor to increase their potential payout by giving up some points on the spread in exchange for more favorable odds. If a team is favored to win by 8 points and a bettor believes they can win by 6, they sell two points to the bookmaker. This is opposite to buy points, which a bettor will buy more points, making it riskier.

Someone who is knowledgable in gambling. They have the ability and expertise to place bets with greater accuracy. They are the opposite of square bettors or public money bettors. They may also be knowledable in the sports they are fans of. They know who the top performers are, who is struggling, and so on.

Someone who is knowledgable in gambling. They have the ability and expertise to place bets with greater accuracy. They are the opposite of square bettors or public money bettors. They may also be knowledable in the sports they are fans of. They know who the top performers are, who is struggling, and so on.

A side bet that is placed on a specific team or individual to win or lose a game. It can also be used to bet on a competitor that may be the first to score a point or succeed in a particular scenario.

A type of bet where a player will wager on multiple outcomes in a single bet. This is a form of a parlay. A bettor must win all outcomes in order to win the bet. If they win all but one, the better loses the entire wager.

Bets that are placed by professionals or experienced bettors that may have inside information or a high degree of knowledge about an event or game being bet on. These bets can also serve as an indicator of where the betting market could be headed.

A term used to describe a betting line that has been adjusted by bookmakers to balance the amount of money being bet on each side. It's considered soft because of it's increased likeliness to move and may be influenced by either large bets or a lack of action on one side.

A type of bet offered by sportsbooks regarding a specific event, occurrence, or outcome that doesn't fall under the traditional categories. These may be offered as a way to generate more interest in a game or event. This can include field goals scored in a football game or number of home runs in a baseball game.

An entity that provides information and picks for bettors. The bettors will pay a subscription regularly for this kind of information. The services provide information such as predictions, statistical analysis, insider or expert information, and other pertinent information. This will be used for professional bettors to get an edge.

A dedicated space at physical locations such as a casino. These are popular places for those who bet on sports games. These typically focus on US-based events, but can focus on games going on around the world. Sportsbooks have large screens for bettors to watch the game while they are placing bets in the process.

A type of wager where the bettor will predict the outcome of a game or event based on the point spread set by a bookmaker. The point spread is designed for leveling the playing field of making the game more evently matched by giving the underdog team an advantage. A bettor can bet on the favorite to win by more than the point spread. They can also bet on the underdog to either win outright or lose by less than the spread.

Another slang term for a recreational or novice bettor. They are in contrast to professional or sharp bettors. They may not have much of an advantage of betting on games compared to their sharp counterparts.

Another slang term for a recreational or novice bettor. They are in contrast to professional or sharp bettors. They may not have much of an advantage of betting on games compared to their sharp counterparts.

The amount of money that a bettor will risk when they are placing the bet. They are returned on all winning wages or if they are considered a 'push' bet. The odds will multiple their initial stake, which will calculate a payout in the event if a bettor wins.

A method that will differ from one bettor to another. Some players will have a maximum stake limit while other bettors will use a percentage of their bankroll as their own staking method. A bettor can choose a method that best fits their strategy.

Stanley Cup Trophy

A trophy given to the champions of the National Hockey League. It starts with a 16-team playoff with 8 teams in the Eastern and Western conferences. The champions of both conferences compete in a best of 7 series to determine the winner of the Stanley Cup. The Stanley Cup finals are often played in June.

A sudden or significant change of movement in the betting line. This can happen when a large number of bettors suddenly place bets on one side. When this happens, oddsmakers will adjust the line in order to balance it out. Steam can be caused based on several factors such as new information connected to a team or player (among others).

A sudden or significant change of movement in the betting line. This can happen when a large number of bettors suddenly place bets on one side. When this happens, oddsmakers will adjust the line in order to balance it out. Steam can be caused based on several factors such as new information connected to a team or player (among others).

A sudden line movement that happens across sportbooks. This can occur when a lot of money is coming from one side of a game. This is typically done by syndicates or sharp bettors that normally place large wagers.

A bettor who has a bad reputation with bookmakers. They are often limited or refused betting opportunities. This can happen due to the better winning and not being considered as a valuable long-term customer to the bookmakers. They may also be known to not pay bookmakers the comission.

A slang term for a bookmaker or a place where bettors can place bets and watch the events unfold. These are typically land-based bookmaking facilities.

A simple wager on a single event where they choose one side or another to win. This does not involve point spreads and the bettor chooses a team or individual to win a game or event in order to win the bet themselves. Straight bet odds will be adjusted based on perceived strengths on each side of the wager.

Betting on a team or individual to win outright without the use of a point spread. The team or individual does not need to win by a certain number of points in order to win the wager. As long as they win, it's considered an outright win and the bettor gets a payout.

Straight Up Winner

The winner of a straight up bet. A straight up bet indicates you want a team to win outright regardless of the point spread.

Also known as straight-up. A bettor will pick a team to win outright without the use of a point spread. Also known as a moneyline bet.

A bettor who is bad or inexperienced. They are prone to making poor betting decisions including the reckless decision to make big bets to recoup losses.

A type of wager where the oods are poor and is a higher than likely chance of losing. However, it's presented in a way to make it attractive to inexperienced bettors. These bets are often made by bookmakers in an effort to take advantage of bettors who have little to no knowledge of sports betting.

A horse betting term which a bettor selects the first four finishers of a race in the correct order. This is a high-risk and very challenging bet, although a higher potential payout is common with these types of bets. The payout is higher compared to simple win or place wagers or exotic bets.

An emotional state of a bettor while they are watching the outcome of a game or event they have betted on. This describes the high level of tension and anxiety felt by them while they wait for the outcome. Especially if the bet has a high potential payout or a big risk.

A group that consists of several bettors that pool funds and utilize their knowledge to bet on specific events. They will often bet with large amounts of money in an ieffort to move a line. When the line is moved, they'll place a much larger bet on the new price they were responsible for creating.

A group that consists of several bettors that pool funds and utilize their knowledge to bet on specific events. They will often bet with large amounts of money in an ieffort to move a line. When the line is moved, they'll place a much larger bet on the new price they were responsible for creating.

A set of guidelines or rules to determine the size and timing on bets. This can be based on past performance and other factors. This can be used in an effort to manage risk and increase the chances of winning.

A practice of betting on the underdog team in sports and receiving extra points from the favorite in order to level the playing field. For example, if a favorite is favored to win by 7, a bettor would take the points and add them to the underdog team's final score. This can make betting on the underdog appealing.

Taking the Points

A practice of betting on the underdog team in sports and receiving extra points from the favorite in order to level the playing field. For example, if a favorite is favored to win by 7, a bettor would take the points and add them to the underdog team's final score. This can make betting on the underdog appealing.

Taking the Price

Accepting the odds offered by a bookmaker instead of negotiating for better terms. Experienced betters may take offered odds that are accurate if they believe they reflect the likelihood of a given outcome.

A bettor who has run out of money and can no longer place bets. This is usually temporary or permanent for a bettor. This may also refer to a period of time when someone may be trying to avoid a bet so they can gain control over their finances.

A betting sheet that displays different options available for teaser bets of a specific sport. The corresponding odds for each option will also be listed. These are used by sportsbooks and betting shops so bettors can use the information on to bet on different point spreads. They also include a list of games during the day or week.

When a bettor combines two or more bets on different games and events, but does this for a lower payout. They do this to adjust the point spread or total in their favor. This can allow a bettor to tease the spread in their favor. This is common in sports such as football or basketball. Point adjustments can include 6, 6.5, or 7 point adjustments.

Ted Lindsay Award

An award given to the Most Valuable Player in the National Hockey League (not to be confused with the Hart Trophy). Unlike the Hart Trophy, the winner of this award is voted on by the active players of the National Hockey League. The player with the most votes will be declared the winner and awarded the trophy at the NHL Awards during the offseason.

The Open Championship

Also known as The British Open. It is one of the four major golf tournaments in men's professional golf. The tournament has been played since 1860. This is typically held on the third Friday of July and is played on different courses in Scotland and England. It is an international competition with golfers from around the world.

Known as 1x2 odds, they are betting odds that can increase the likelihood of three possible outcomes in a match or event. This include a home team win (1), away team win (2), or a draw (X). These can be expressed in a 2:1 ratio. A bettor will win twice the amount of their wager if successfull.

A physical or digital record of a wager that is placed on a specific event or outcome. This can include the type of bet being made, the amount wagered, and the potential payout if successful. These tickets are issued by a bookmaker or sportsbook and can be used to track and settle bets.

Refers to the emotional and mental imbalance of a bettor. This can affect their judgement and may lead to impulsive or irrational decision making. This can be due to a string of lossess or bad beats they have suffered in the past. Poor decisions such as chasing losses can also be a factor of what causes tilting.

Advice or information provided by experts or someone with inside knowledge on an event or outcome. These can be given based on a wide range of sports such as horse races, football, and basketball. This can help bettors make more informed decisions when the time comes to make a wager.

A person who provides advice or predictions regarding the outcome of sporting events. They are usually experts in their respective sport or league. With use of their knowledge, research, and analysis, they will provide information to bettors. They can charge a fee for these tips or offer them for free.

Used in horse racing, it it used to describe the early odds or prices offered by bookmakers before the official odds are released. These prices are subject to change and may depend on the predictions of the bookmaker and the assessment of the horse's chances of winning.

A tip or gratituity given to a bookmaker or an employee of a physical sportsbook establishment. It's a small amount of money given by a bettor to show that employee their appreciation for good service.

Difficult to predict for either team or individual competitor. They are evenly matched and its considered to be a close match or competition while it is in progress.

A combined number of points, goals, or runs that are scored by both teams in a game. A better can place wagers on whether the final score will be over or under the pre-determined number set by the oddsmakers.

A person or service that provides betting advice and picks for a fee. They may havei nside information or a proven track record of success. However, the quality of their advice may be judged from one bettor to the next. Touts may be considered unreliable or even scammy. These should be used with caution.

A person or service that provides betting advice and picks for a fee. They may havei nside information or a proven track record of success. However, the quality of their advice may be judged from one bettor to the next. Touts may be considered unreliable or even scammy. These should be used with caution.

A pattern of behavior or results that can be observed over a period of time. This can be used to predict sporting outcomes and thus placing bets on them. This can include head-to-head records, past performance, or statistical analysis.

Refers to paterns or regularities in the results of past sporting events or games. This can be useful to a bettor when they want to focus on betting in the future. The trends can include head-to-head records, team performance, and other information that will help them make an informed decision on their next bet.

Used in horse racing. This is where the first, second, and third places finish. If a bettor predicts them in the correct order, they can win a larger payout.

A series of three prestigous horse races that occur from May to June. The first race is the Kentucky Derby, followed by the Preakness, and finally the Belmont Stakes. Only 13 horses have become Triple Crown winners in its history and a rare feat of its own. The most recent Triple Crown winner was Justify in 2018.

Describes an expert better who has increased knowledge, perhaps more than an average sharp bettor. They are considered 'triple sharp' since 'double sharp' does not exist as a betting term.

Actual odds compared to those set by bookmakers and sports books. This will determine what might be the real statistical probability of a certain outcome of a sporting event or game.

A type of better that is between sharp and square. They have gained experience and knowledge compared to the average bettor. They can use these abilities to make better decisions for their future bets. They are not at a professional level as sharps. But rather considered intermediates.

Odds that focus on the likelihood of two possible outcomes: win or lose. This applies to various sports such as football, basketball, or baseball. A draw is not possible in the outcome. Ratio is 2:1 with the bettor winning twice the amount of their wager if successful. The opposite team can have the same odds but a different ratio.

A bettor can bet under the point spread set by the bookmaker. For example, if a bookmaker sets the spread to 7, a bettor can predict the winning team wins by less than 7. This can be a popular way for bettors to win if the game is predicted to be a low scoring one between the two teams.

A team or individual that is considered less likely to win the contest according to bookmakers and sports books. The odds will reflect this and will be higher compared to the favorites. If a bettor makes a wager against an underdog, they stand a chance to win a greater payout compared to betting on favorites.

A term used in horse racing to describe a horse who odds are too low compared to their actual chances of winning. They are expected to perform well, but is not considered a favorite in the race. This may be a good value bet for experienced bettor.

A slang term for referee in sports. A referee enforces the rules and regulations during a contest. They will also make calls on plays such as a successful scoring of points.

A size of bet in sports betting. Can vary from an individual or system. A unit can represent a percentage of a bettor's bankroll and multiple units can be used to spread their risk across multiple bets.

The US Open (golf) is a major professional golf tournament. It is one of four that is held in the United States. It is played on different golf courses across the country, typically at venues where it can be challenging. Professionals will need high levels of skill and accuracy to ensure they win the tournament.

US Open (Tennis)

The US Open of Tennis is one of four Grand Slam tennis tournaments. The event is held in New York City and runs from late August into early September. This includes competitions in singles, doubles, and mixed doubles for both male and female competitiors. The US Open is considered one of the most prominent tournaments in tennis.

A perceived difference between true probability of an event occurring and the odds offered by bookmakers. if the odds are higher than the probability, the bet is considered to be valuable.

Awarded to the best goaltender in the National Hockey League. This award is given to a goaltender who was the the statistics leader in their respective position. They will receive the trophy at the NHL Awards, which are held in the offseason during the summer months.

Also known as 'vig' or 'juice'. It is a commission or fee that is charged by the bookmaker or sportsbooks for accepting a bet. It is a percentage of the total bet amount. It is used to ensure that a profit is made for the bookmarker regardless of the outcome. The amount of vigorish can vary depending on the type of bet and sportsbook.

Vince Lombardi Trophy

A trophy awarded to the champions of the National Football League. This is awarded at the conclusion of the Super Bowl. As of 2023, 14 teams (7 from the AFC and NFC) compete in the playoffs. The champions from the AFC and NFC will compete for the title of Super Bowl Champions.

A sum of money or valuable items that is placed on the outcome of a sporting event or other contest. These can be made with a bookmaker or sportsbook. This can be done in-person or online (where applicable). These can be on a wide range of events including horse races, football matches, and more.

A person who failed to pay off a bet or reneg on a promise to pay. This is considered to be a dishonest or unethical action. A person who does this is also known as a welcher.

Westgate SuperContest

A football handicapping contest that is held annually in Las Vegas, Nevada. It is held at Westgate Las Vegas Resort & Casino. It is considered one of the most prestigious events in the world for professional bettors in the game of football. The entry fee is $1500 with a prize pool of around $2 million.

One of four Grand Slam tournaments that are held annually. This even is held in June and July in London. The tournament features single and double events for both men and women competitors. Wimbeldon is one of the most prominent and prestigious tennis tournaments in the world.

The total amount of wins accured by a bettor. This can include a number of winning bets made along with the total amount of money they have won in the process.

In horse racing, this is referred to a horse that has lead from the start and finishes as the winner. This can be considered a competitor who has lead the entire competition until it's completion. They do not trail behind at any point.

A professional or experienced better who is known for having inside information and expertise on a particular sport or event. They are very skilled and successful bettors. They also have a habit of making large bets and winning consistently. They are also sought after for advice by novice bettors.

Another term for cross-sport betting. It's a prop bet that combines the outcomes from different sports or games to create a unique wager. This is a high risk-high payout type of bet since it depends on the outcome of multple events.

A commission or fee charged by a bookmaker or sportsbook on a winning bet that is place as a multiple like a parlay. This is considered to be an offset to the increased risk and potential payout of bets and is stated in the terms and conditions of a sportsbook or bookmaker.

A slang term for referee in sports. A referee enforces the rules and regulations during a contest. They will also make calls on plays such as a successful scoring of points.

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