Method of wagering on a horse to win, place and show.
Action (AT): In baseball,
placing a bet on the site no matter who pitches.
Action points: In an action
point wager the customer is going to get paid for every point the
chosen team covers the point spread or, is going to be charge for
every point the chosen team doesn't cover, plus an additional 10%.
-Note: Action points can only be played on football and basketball
for complete games--
The customer chooses the amount for each point.
Also, the customer has to set a point cap. That is, the maximum
points the customer is going to get pay or charge for. The point cap
goes from 10 to 50 points.
Jockey who has not ridden a certain number of winners in
a specified period of time. Also known as a "bug", from the asterisk
used to denote the weight allowance such riders receive.
Against the spread.
Beard: A friend or acquaintance
or other contact who is used to placing bets so that the bookmakers
will not know the identity of the actual bettor. Many top
handicappers and persons occupying sensitive positions use this
method of wagering.
Beyer number: A handicapping
tool, popularized by author Andrew Beyer. That assigns a numerical
value (speed figure) to each race run by a horse, based on final
time and track condition. Enables horses running at various
racetracks to be objectively compared.
In pari-mutuels, short for "tote board", where betting odds,
pools and other information is displayed. In sports betting, the
entire list of available games.
Bomb, or bomber: A winning horse
sent off at extremely high odds
Book: An establishment that accepts wagers on the
outcome of horseracing and sporting events.
Person who takes bets from the clients.
Box: A combination bet whereby
all possible numeric combinations are covered
Thoroughbred racing’s year-end championship, consisting of
Buck: A $100 wager.
Buying points (From 1/2 to 10pts):
The customers can buy points to their advantage only in
football and basketball for the complete game whenever doing point
spreads. Points can be bought on the side or on the total.
NOTE: In football, when buying of or onto a 3 point spread there is
an extra 10% charge on the juice.
"Current line is Raiders -3.5, buying 0.5 point will make the
Raiders -3, for that you have to lay -120 plus an extra 10% charge,
so picking Raiders -3 buying a 0.5 point it is going to cost $130 to
win $100, this is because its the same as a field goal".
Running position of horses in a race at various points
A bet made verbally.
Canadian line: This is a
combination point spread line and money line.
Chalk: A favorite.
Chalk player/or chalk eather:
Someone who usually plays the favorite teams, rarely betting
on the underdogs.
Churn: The effect of betting and
A game in which the betting action is limited; usually occurs
in games that feature key injuries, inclement weather, or
unsubstantiated rumors regarding a team.
Sometimes stated, "This is a circle game."
A payoff to holders of daily-double tickets combining the
winning horse in the first race of the double with a scratched horse
in the second half
To win the game by the required number of points; if such
occurs you have "covered the spread". In case of playing the
underdog to lose by less than the spread.
Defensive Coordinator of a football team.
Daily double: Type of wager
calling for the selection of winners of two consecutive horse races.
When two or more horses or dogs finish in a tie.
Degenerate: Compulsive gambler.
Disqualification: Change in
order of finish by officials for infraction of the rules
Distaff: Female horse
Dog: The underdog in any betting
Dog player: One who mostly plays
Dollar bet or buck:
A $100 wager.
A wager for twice the size of one's usual wager; also known
as "double pop" or "doubling up".
Earn: Practical hold percentage
East coast line:
Mainly used in hockey, which has a split-goal line e.g. - NY
Rangers (1 - 1 ½) favorite over the Vancouver Canucks as opposed to
goal spread plus moneyline (-1/2 -180).
Entry: Two or more horses with
common ownership that are paired as a single betting unit in a race.
Equivalent odds: Mutuel price
that a horse or dog would pay on a $1 bet.
Even money: A wager in which no
virgorish or juice is laid.
A wager in which the first two finishers in a single race
must be selected in the exact order.
Exotic bet: In sports betting,
any bet other than a straight bet, i.e., parlays, teasers, if bets,
reverses, round robin, round robin box reverses, etc.
In horse racing, any wager other than win, place or show.
FA: Free Agent
False favorite: Horse that is a
race favorite despite being outclassed by other competition in the
Team or person that most likely to win the game, or that
has the odds in it's favor.
Field: The group of horses in a
Field horse: Two or more
starters running as a single betting unit, usually when there are
more starters than positions on the tote board. Also known as the "mutuel
Figure: Amount owned by or to a
Final 4: The remaining 4 teams
in the NCAA basketball tournament.
Form: The performance expected
according to how a team or horse looks on paper; also, slang for the
"Daily Racing Form".
Intermediate times recorded in a race. For example, "quarter
time" is the recorded after the first quarter-mile, not the first
25% of the race.
One-eighth of a mile.
Odds posted on the winners of various major sport
championships in advance of the event, including the Super Bowl, the
World Series, the Stanley Cup and the NBA championship.
In other words, bets placed on an event or outcome taking place some
time in the future, e.g., betting during the season on the Super
Getting down: Making a wager.
Gross win: Win before expenses.
One who studies, rates and wagers on sporting events
Handle: Total amounts of bets
HC: Head Coach.
bets on the opposite side in order to cut losses or guarantee
winning a minimal amount of money.
Holding your own:
Neither winning nor losing, just breaking even.
Hook: A half point added to
point spreads (football and basketball only).
Also commonly said: "lost by the hook".
Home field advantage:
Edge the home team is expected to have as a result of
familiarity with the arena and effect of travel on the visiting
One-eighth of a mile.
Hot game: A game which is drawing a lot of action on
one side by knowledgeable handicappers.
Information the bookmaker is not yet privy to.
Is a chain from 2 to 5 straight plays join by a
There are two types: (1)SINGLE ACTION: where the player will have
action on the second straight bet if the first play WINS ONLY, and
so on in the chain of plays. (2)DOUBLE ACTION where the player will
have action on the second play only if the first play WINS, TIES OR
THE GAME IS CANCELLED and so on in the chain. Wherever is a lost,
the bet stops there.
Amounts? 2nd has to be the same or lower amount than the 1st one.
In the money: A horse that
finishes first, second or third
Reviewing a race to check into a possible rules infraction.
If lodged by a jockey, it is called an objection
ITW: Intertrack wagering
The bookmaker's commission, most often refers to the 11 to 10
football bettors lay on straight wagers.
Also known as the vigorish.
Lasix: Trade name for a
medication used in the treatment of bleeders, which acts as a
diuretic. Often improves performance in horses that have bled in
Lay a price:
Bet a favorite, lay the points
Laying the points:
Betting on the favorite.
Line: The current odds or
pointspread on a particular event.
The person who establishes the original and subsequent
Listed pitchers (LP):
Stating that you will place bet only if one or both of
the pitchers scheduled to start a baseball game actually start. If
they don't, the bet is cancelled.
Lock: Sure or easy winner.
Longshot: A team or horse that
is unlikely to win. Large underdog
Last two years (any number can be inserted in the middle to
refer to the number of years something has occurred)
Middle(S): To win both sides of
the same betting proposition; betting the favorite team at -1.5 with
one bookmaker and then taking +3.5 with another bookmaker; the game
ends up with the favorite winning by exactly 3 points, you have then
"middled the game"; a favorite betting method of "Wise Guys".
In pari-mutuel wagering, when after the take is extracted,
there is not enough money left to pay winning patrons the minimum
pay-out. The track must then make up the difference
MLB: Major League Baseball
Money line: The amount you must
bet on a favorite to win $100, or the amount you win on an underdog
if you bet $100. It can be used in any sport, but however wins the
game or event wins the bet.
Morning line: Probable odds on
each horse in a race, as determined by the track handicapper, who
tries to gauge both the ability of the horse and the likely final
odds as determined by the bettors
Price paid on a winning pari-mutuel wager
Mutuel pool: Sum of the wagers
on a race
MVP: Most Valuable Player.
Leagues give MVP awards to the best regular- season player and to
the outstanding player in championship games or series
NBA: National Basketball
NCAA: National Collegiate
Arena, court, or field where neither side has a home field
Newspaper line: The betting line
which quite often appears in the daily newspapers; the lines are
only approximate and quite often totally inaccurate and misleading.
NFL: National Football League
National Hockey League
Nickel: A $500.00 wager.
Odds of less than even money
Same as a linemaker. The person who establishes the
original and subsequent betting lines.
Off the board:
A game on which the bookmaker will not accept action,
that is, no bets are being accepted. The event already start.
On the nose:
Betting on a horse to win only
Off-track betting, or wagering at legalized betting outlets,
usually in major cities. Wagering at these sites are usually
commingled with on-track betting pools
Bookmaker, usually refers to an illegal bookmaker
Out of the money:
A horse that finishes worse than third
An overnight line not used by casinos or offshore
A bet on whether the combined total of the points/goals
scored by the two teams will exceed or be less than a reestablished
number or runs
When the odds on a proposition are in favor of the bettor
rather than the house
A form of wagering
originated in 1865 by Frenchman Pierre Oller in which all money bet
is divided up among those who have winning tickets (after taxes,
takeout and other deductions are made). Oller called his system "parier
mutuel", meaning "betting among ourselves". As this wagering method
was adopted in England, it became known as "Paris mutuals," and soon
Parlay: (1) A group from 2 to 8
teams in which the payouts increase as the number of chosen teams
increase. In order to win the parlay, all the chosen teams must win.
In case of a push, the parlay will revert to the next lower amount
of teams, paying the odds corresponding to a parlay of that amount
(2) A wager on two or more horseraces in which the winnings are
carried over to the next race.
Parlay cards: Wagers on a
minimum of 3 and up to 15 propositions; the more you pick, the
higher the payoff.
Using a key horse or horses in different, but not all
possible, exotic wagering combinations
What has occurred previously to the forthcoming games.
To make a bet after an event has started
Photo: Short for photo finish, a
result so close it is necessary to use the finish-line camera to
determine the order of finish
Pick/pick' em game:
Neither team is favorite. Usually in basketball and Football.
0 point spread, Whoever wins the game wins the bet
A type of multi-race wager in which the winners of all the
included races must be selected. Pick 3 and Pick 9 are common wagers
at many tracks. The Pick 6 at jai-alai was often referred to as the
Bet for a horse to get on second place.
Wager on a horse to finish first or second
Only used in football and basketball. Is used to make the
game even by adding points to the score of the underdog or
sustracting points from the favorite.
The "line"; the handicap, or head start that the favorite gives to
the underdog for betting purposes. The favorite must cover the point
spread in order to win the game. The underdog on the pointspread
gets the same amount of points is his advantage.
Post position: Number
used to identify horse for betting purposes; may refer to spot in
the starting gate, but not always
Points per Game
Practical hold percentage:
The amount won by a bookmaker divided by the total amount
Press: To bet a larger amount
The odds (line) or pointspread.
Mainly used on East Coast with hockey, giving odds of a
goal spread instead of Canadian Line where both a goal spread and
moneyline is played.
A tie. Neither side wins and all money is returned to the
Reverses: All possible
combination of two team if bets, Double Action If Bets done in both
ways, with the chosen teams (from 2 to 6 teams).
All possible combination of two team parlays with the
chosen teams (from 3 to 6 teams).
Rundown: List of all the odds
(lines), pointsreads, totals, money lines, etc. for a particular
(Combination of Run Spread with Money Line)
A line used when wagering on baseball. The favorite is minus the
runs but usually combined with a positive money line and the
underdog is plus the runs but the customer has to risk more to win
less (negative money line)
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
Person(s) who study team plays and/or practise and report
findings to handicappers.
Also, when a horse get injure.
Sharp: Wise guy
Bet for a horse to get on third place.
To win one side and tie the other. For example, if you lay -2
½ and take 3 on the same game and the favorite wins by 3 you have
SIDED the book. The book has been SIDED
Single: Same as a straight bet
Sides that are bet on by the more knowledgeable handicappers.
Special teasers: (Only in
Basketball and Football for the whole game)
Type of teaser where the more teams that are chosen, the more points
are credited per team. A player can pick from 2 to 4 teams. All
teams must cover the teased spreads to win the teaser. When there is
a push, the whole wager is considerd a push, unless the push is
accompanied by a loss in which case the wager is a loss.
A person who waits for what he thinks is an unusually
Abbreviation for pointspread
Square: Unsophisticated gambler
Stanley cup: Championship of
Heavy action on one side.
When a betting line starts to move quite rapidly; most "steam games"
do not necessarily reflect the "right side," but are games that the
mass of bettors somehow decide to key on.
Straight bet: A bet on a team
person or thing. 4 situations
Side: Favorite and underdog
Total: Over or Under a preestablished combined total.
Straight Up, or actual score of the game without counting the
Bet with a large house edge
NFL Championship game
Taking/take a price: Wagering on
the underdog; taking the odds.
Tapped out: Broke, busted,
common result of pressing
Only in Basketball and Football for the whole game)
A group from 2 to 6 teams that adds points to the lines or totals in
the most convenient way for the player.
There are two types of teasers: Special Teasers (see special
teasers) and Vegas Teasers (see vegas teasers).
Theoretical 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
Totals: Total combined
point/runs/goals scored in a game; In baseball, if either of the two
listed starting pitchers don't go the bet is automatically
Tout service: A business that
sells its expertise on sporting events.
TY: This Year
Underdog: Team most likely to
loose the game, or that the odds are against it.
Also refered to as "Dog".
Underlay: When the odds on a
proposition are in favor of the house
Getting the best odds on a betting proposition; the highest
Vegas Teasers: (Only in
Basketball and Football for the whole game)
This teaser combines the rules of a special teaser and a parlay. It
is like a teaser in the sense that it gives points, but regardless
of the number of teams chosen, it always gives the same number of
points per team.
It's like a parlay in the sense that the more teams that are chosen,
the better the payout of the wager.
All teams most cover the teased spread to win the bet. With a push,
the teaser will revert to the next lower number of Vegas Teaser.
VIG'/Vigorish: The commission
paid to the bookmaker. Juice.
Wager limit: Maximum bet
accepted by the house before the price will be changed
Also the "cap" on what you can personally wager.
Bet for a horse to get on first place.
Window: What some players say
after winning a bet.
A well-informed or knowledgeable handicapper or bettor.
Championship of Major League Baseball.