Betting Advice & GuideBetting Guide
Betting Guide
If you are new to betting, or just looking to find an explanation of an unknown phrase, this betting guide will help you with a list of common sports betting terms and definitions.
A | B | C | D | E | F | G | H | J | L | M | N | O | P | R | S | T | U | V | W
- A
Accumulator - A bet on a series of events with winnings restaked
- Action
- A bet that is considered to be valid
- Against the Spread (ATS)
- To take points rather than bet with the spread and lay points
- Ante-post Bet
- A wager on a big sports event that is usually offered before the day of the event. It offers better odds but you risk stake if your pick pulls out
- Arbitrage Betting
- Betting where a fluctuation of odds allows you to wager on both sides and achieve profit
Back to Top - B
Beard - A person who places bets for a bettor who wants to conceal his identity
- Bettor (UK Punter)
- A person who bets
- Book
- A record of accepted bets
- Bookmakers (Bookies, Sportsbooks)
- People or companies who accepts bets on sports or other events
- Bottle
- UK betting term for odds of 2 to 1
- Buck (Dollar Bet)
- Sports betting term for a bet of $100
- Buy Points
- In spread betting you pay additional price to receive half a point or more in your favour
Back to Top - C
Canadian Line - A combination of point spread and moneyline
- Carpet
- UK slang term for odds of 3 to 1
- Circled Game
- A betting term for an event with reduced betting action due to injuries, bad weather and added games
- Co-favourites
- An event when more competitors have the title as favourite (have the lowest odds)
- Cover
- To win the point spread bet
Back to Top - D
Dime - US betting term for a $1000 bet
- Double Action
- A bet consisting of two parts, both must win in order for the wager to be successful
- Double Bet (Doubling Up)
- A wager for double size of someone's previous wager. Also known as a Martingale system
- Double Carpet
- UK betting term for odds of 33 to 1
- E
Each-way - A two part wager. The first part is for the pick to win and the second is for the pick to place
- Edge
- Advantage
- Even
- A bet with odds of 1 to 1
- Exotic Wager
- Any bet other than a straight bet
Back to Top - F
Favorite - A competitor expected to win
- Fifty Cents
- A betting term for a $50 wager
- Futures
- Odds offered on the winners of various sports events in advance of the event
- G
Giving the Points (Laying the Points) - Betting on the favorite in the point spread betting
- H
Handicap (Pointspread) - A method used by bookies to make one-sided event more attractive. Teams are awarded a number of points at start depending on their superiority
- Handicapping
- In sports betting this is predicting the outcome of an sporting event
- Hook
- A half point added to football or basketball betting lines through buying points
Back to Top - J
Juice (Vigorish, Vig, Margin) - The bookmaker's commission
- L
Limit - The maximum bet for an event the sportsbook will allow before he changes the odds
- Line
- Current betting odds or point spread on a particular event
- Longshot
- A team that is unlikely to win
- M
Margin (Return Rate, Juice) - An amount the bookmaker earns by offering bets for an event
- Moneyline
- Odds expressed in terms of money. The minus sign (-) indicates the favorite and the amount you have to bet to win 100. The plus sign (+) indicates the underdog and the amount you win for every 100 bet
Back to Top - N
Nickel - US betting term for a $500 bet
- No Action (Push)
- A term when a bet is cancelled because the event didn't happen and all money is returned to the bettor
- O
Odds - The likelihood of the betting outcome expressed as a fraction
- Odds-against
- A bet where the odds are greater than evens (for example "7 to 1")
- Odds-on
- A bet where the odds are less than evens (for example "3 to 7")
- Off the Board
- An event on which the bookmaker will not accept bets
Back to Top - P
Parlay - A bet on two or more teams in which all teams must win or cover for the bettor to win
- Pointspread
- A start advantage that the favorite gives to the underdog. Also known as "handicap"
- Proposition Bet
- A wager on particular aspect of the sports event, politics, celebrities and other topics
- R
Round Robin - A series of three or more teams in two-team parlays
- Run Line
- A line used when betting on baseball
- S
Single - A straight bet on one team to win one event
- Spread Betting
- A bet that is predicting score difference between two opponents
- Steam
- Betting term that describes when a line starts to move rapidly because a lot of bettors decide to bet on it
- System
- A mathematical method of betting used by a bettor to gain advantage
Back to Top - T
Taking the Points - Betting on the underdog in the point spread betting
- Taking the Price
- Betting on the underdog in the moneyline
- Teaser
- A bet where you can adjust the point spread or total but for reduced odds
- Totals Bet
- A bet on the total score of both teams that will be over or under posted line
- U
Underdog (Dog, Longshot) - A team that is expected to lose the event
- V
Value - Getting the best possible odds on a bet
- W
Wager (Bet) - To risk money on the outcome of an event
- Wise Guy
- A well-informed and knowledgeable bettor or handicapper
Back to Top
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