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Sports Betting Dictionary

Wagering Terms

ACTION
A sports wager

BAD BEAT
Tough loss

BUCK
$100

CHALK
The favorite

CHALK EATER
Bettor that plays the favorites

CIRCLE GAME
Game where action is limited due to uncertainties

COVER
To win a bet by more than the point spread

DIME
$1000

DOLLAR
$100

EDGE
The advantage of the book or bettor

EXOTIC BET
Wager other than a straight bet or parlay

FIGURE
Amount owed to a bookmaker (or by a bookmaker)

FORM
The performance expected based on a team's stats and percentages

GET DOWN
Place a wager

GROSS WIN
Money won before expenses of the bets are subtracted

HANDICAPPER
An Expert at sports betting and predicting sports outcomes

HANDLE
Total amount of wagers placed

HEDGE
To bet the opposite of your original bet in order to reduce the amount of risk you have on an event

HOOK
Half point in point spread

HOME FIELD ADVANTAGE
Expected advantage of the home team's playing in front of their home town crowd

HOT TIP
Information the bookies do not have

JUICE
Bookmaker's commission; vigorish

LAY A PRICE
Bet on a favorite, lay out the points

LIMIT
Maximum bet accepted by the house before the line will be adjusted

LINE
The betting payoff odds on a bet

LONGSHOT
Betting an extreme underdog

MIDDLE
To win both sides of a wager with different books. For example: Betting the underdog +6 1/2 and the favorite -4 1/2 and the favorite wins by 5

NEUTRAL SITE
Place that holds an event, where neither team has the home field advantage

NICKEL
$500

OVERLAY
When the odds on an event are in bettor's favor

PARLAY
A bet with two or more teams where by all teams must win for the bet to be win

PICK'EM
A game where neither team is favored

PLAYER
Bettor, gambler

PRESS
To bet larger than usual on a wager

PRICE
Line

PUPPY
Underdog

PUSH
Tie

RUNDOWN
Line update

SCORE
To win a lot of money

SCRATCH
Withdraw a bet

SHARP
Wise guy

SQUARE
Unsophisticated sports bettor

STEAM
Heavy action on one side of a line

STRAIGHT BET
To bet just on the team to win outright

SUCKER BET
Bet with very low bettor's edge

TAKE A PRICE
Bet the underdog, take the points

TOSS UP
Game where the line is close to pick

UNDERLAY
When the odds on a proposition are in favor of the house

VIGORISH
Juice, commission earned by the book

WISE GUY
Established and successful sports bettor

Gambling Glossary of Betting Terms

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