Mush: A bettor or gambler who is considered to be bad luck. Money line (noun), money-line (modifier): A bet in which your team only needs to win. She would then win both sides of the bet. She can then bet the opposite team at 3.5 and hope the favorite wins by three points. Suppose a bettor bets one team as a 2.5-point favorite, then the line moves to 3.5 points. Middle: When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk. Lock: A guaranteed win in the eyes of the person who made the wager. If a book has a $10,000 limit, it'll take that bet but the book will then decide whether it's going to adjust the line before the bettor can bet again. Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability. Juice: The commission the bookie or bookmaker takes. In-game wagering: A service offered by books in which bettors can place multiple bets in real time, as the game is occurring. If a team is a 7.5-point favorite, it is said to be "laying seven and a hook." This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering. Hedging: Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. Handle: The amount of money taken by a book on an event or the total amount of money wagered. Handicapper: A person trying to predict the winners of an event. The oddsmaker generally starts with half of the game side/total and adjusts based on what happened in the first half. Halftime bet: A bet made after the first half ended and before the second half begins (football and basketball primarily). Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season. The participant did not play honestly or fairly because of an undue outside influence.įutures bet: A long-term wager that typically relates to a team's season-long success. For example, in a football game, if a team is a 2.5-point favorite, it will have to win by three points or more to be an ATS winner.įixed: A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. Depending on the sport, the favorite will lay either odds or points. You put up $1 to win $1.Įxotic: Any wager other than a straight bet or parlay can also be called a "prop" or "proposition wager."įavorite: The expected straight-up winner in a game or event. Sports bettors might feel they have an edge on a book if they think its lines aren't accurate.Įven money: Odds that are considered 50-50. Usually used with bookies if you bet "five dollars," that means a $500 wager.Įdge: An advantage. If you bet "three dimes," that means a $3,000 wager.ĭollar: Jargon for a $100 bet. For a favorite to cover, it has to win by more than the spread an underdog covers by winning outright or losing by less than the spread.ĭime: Jargon for a $1,000 bet. The pick, and its percentage, provides insight as to what side the public is taking in a game.Ĭover: The betting result on a point-spread wager. People said to be "chalk" bettors typically bet the favorite.Ĭircle game: A game for which the betting limits are lowered, usually because of injuries and/or weather.Ĭlosing line: The final line before the game or event begins.Ĭonsensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. He has then "bought" half a point, and the odds of his bet will be changed.Ĭhalk: The favorite in the game. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2.5. Also used in poker, such as when a player way ahead in the expected win percentage loses on the river (last card).īeard: Someone who places a wager for another person (aka "runner").īook: Short for sportsbook or bookmaker person or establishment that takes bets from customers.īookie: A person who accepts bets illegally and charges vig.īuying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. It's especially used when the betting result is decided late in the game to change the side that covers the spread. ATS ("against the spread"): If a team is 5-2 ATS, it means it has a 5-2 record against the point spread, or more commonly referred to simply as the "spread."īackdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly.īad beat: Losing a bet you should have won.
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