OddsPreview.com has put together a list of some of the main sports gambling terms that apply to betting on MMA fights. These should help clear to up any questions you might have when it comes to betting jargon:
Bookie - Usually a person who accepts local bets. Sometimes people on the web refer to sportsbooks as bookies. This is more prevalent in European areas.
Chalk - The favourite in the fight, or the guy at - odds.
Dog - The underdog in a fight, or the guy at + odds. Underdogs can potentially have negative odds if its something like -115 vs. -105.
Edge - Our competitive advantage when betting on a fight. Sometimes this is because of knowing more information than the linesmaker, and sometimes this is because of the odds posted for the fight.
Even money (EVN) - When a bet’s odds are 1:1 or +100 this is even money. You aren’t paying any juice on the bet.
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