Online Sportsbook Glossary
Betting Advice Guide From Cappers Picks
Online Sportsbook Betting Glossary Of Terms
Capperspicks.com has created the following sports betting glossary to service all your sport betting needs. It has all the definitions for sports betting terms and the appropriate sports betting words and or phrases for gambling acronyms.
Action – Is normally known as having money in a game (bet), but when you wager on baseball and you choose action, it means that you don’t mind which pitchers are starting the game.
Bad Beat – Tough loss
Beard – Messenger bettor
Beef – Dispute Buck- $100
Chalk – Favorite
Chalk Eater – Favorite bettor
Churn – The effect of betting and rebetting money
Circle Game – Game where action is limited due to uncertainties about weather, injuries, etc.
Cover – in by more than the pointspread
Dime – $1000
Dollar – $100
Earn – Practical hold percentage
Edge – Advantage
Exotic Bet – Action other than a straight bet or parlay
Figure – Amount owed by or to a bookmaker
Get Down – Make a bet
Gross Win – Win before expenses
Handicapper – One who studies sports and predicts outcomes
Handle – Total amount of bets taken
Hedge – Bet the opposite of your original wager in order to reduce the amount of action you have on a game
Hook – Half point in pointspreads, as in “lost by the hook”
Home Field Advantage – Edge the home team is expected to have as a result of the familiarity with the arena and effect of travel on the visting team.
Hoop – Basketball
Hot Tip – Information the bookmaker is not yet privy to
Juice – Bookmaker’s commission, most often refers to the 11 to 10 football bettors lay on straight wagers; vigorish
Lay A Price – Bet a favorite, lay the points
Limit – Maximum bet accepted by the house before the price will be changed
Line – The betting proposition on a game and/or payoff odds on the bet
Longshot – Large underdog
Middle – To win both sides of a game. For example, if you bet the underdog +3 1/2 and the favorite -2 1/2 and the favorite wins by 3, you’ve MIDDLED the book. The book has BEEN MIDDLED.
Minus Pool – In pari-mutuel wagering, when after the take is extracted, there is not enough money left to pay winning patrons the minimum bet. The track must then make up the difference.
Mutuel – Price paid on a winning pari-mutuel wager
Neutral Site – Arena, court, or field where neither side has a home field advantage
Nickel – $500
Off The Board – Game where no bets are being accepted
Out – Bookmaker, usually refers to an illegal bookmaker
Overplay – When the odds on a proposition are in favor of the bettor rather than the house
Parlay – A bet with two or more teams where all the teams must win for the bettor to be successful
Past Post – To make a bet after an event has started
Pick’em – A game where neither team is favored Player- Bettor or gambler
Practical Hold Percentage – The amount won be a bookmaker divided by the total amount booked
Press – To bet a larger amount than usual
Price – Line
Puppy – Underdog
Push – Tie
Round Robin – A series of parlays. A three team round robin consists of three two-team parlays.
Rundown – Line update
Scalper – One who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices
Score – To win a lot of money
Scratch – Withdraw; cancel
Sharp – Wise guy
Side – To win one side and tie the other. For example, if you lay -2 1/2 and take 3 on the smae game and the favorite wins by 3 you have SIDED the book. The book has been SIDED.
Square – Unsophisticated gambler
Steam – Heavy action on one side
Straight Bet – A bet on just on team
Sucker Bet – Bet with a large house edge
Take A Price – Bet the underdog, take the points
Tapped Out – Broke, busted, common result of pressing
Theorical Hold Percentage – The edge the bookmaker would have IF the odds guaranteed him a constant commission regardless of the outcome
Toss Up – Game where the line is close to pick-em
Tout Service – A business that sells opinions on sporting events
Underlay – When the odds on a proposition are in favor of the house
Value – An overlay
Vigorish – Juice
Wiseguy – Established and successful sports bettor
Just check out this great collection of resources we’ve compiled for you here at Capperspicks.com. Advice on handicapping and betting games? We’ve got you covered! Bookmark this page and check back often as we are constantly writing new articles that offer betting tips and sports handicapping advice to increase your chances for winning on all those bets you’ve placed. We’re here for you to help. Email us if you need anything else that we don’t provide. We’ll try to help but don’t ask us for money ok? LOL!