To the Heroes Glory!
    Betting - bookmakers     •     Glossary     •     Bookmaker calculator     •     Line making     •     Line making - tennis     •     Line manager


Betting glossary


A

AccountA bettor's bookmaker account.
AccumulatorA bet on two or more selections; all of which must win to gain a return.
ActionA bet/wager of any kind.
AdvantageA bookmaker's commission.
All-upA bet on two or more selections; all of which must win to gain a return.
Ante postThis is a bet that is placed in advance predicting the outcome of a future event.
ArberA punter who manipulates the market and sets a profit by supporting all the results of an event at a collective book of less than 100%
Arbitrage (Arb)Where a variation in odds available allows a bettor to back both sides and guarantee a win.
Asian HandicapThis is the Asian equivalent of the spread and is used to balance two sides and remove the draw from the game

B

Bankroll (BR)Indicates how much credit there is in a bettor's sportsbook account.
BetTo risk something (money) on the outcome of a future event.
Betting taxA tax on a bookmakers turnover.
BettorSomeone that makes a bet.
BonusRewards granted by bookmakers for bettors.
BookieSlang for a bookmaker.
BookmakerA person or establishment that accepts bets on sports competitions or/and horseracing.
Buy(ing) pointsTo pay an additional price on point spread games in order to receive half a point or more in your favor.

C

Closing lineThe final list of point spreads offered before the game.

D

Deposit bettingBetting with money deposited in advance with a bookmaker.
DividendThe payout or return on any bet
DoubleA bet on two selections; both of which must win to gain a return.
DrawA finish to a competition with identical results.
DriftOdds that have lengthened.

E

EdgeA bookmaker's commission.
Even moneyA 2.00 (1/1) odds bet.
EventAnother term for a race, tournament, match or any betting contest.

F

Favored (Favoured)A team (competitor, contestant) that is popular with the bettor.
Favorite (Favourite)The expected winner of a game/race; the entrant with the lowest odds.
First half betA bet solely for the outcome of the first half of a game.
FoldAn indication of the number of selections in an accumulator (e.g. 7-fold - 7 selections).
FutureThis is a bet that is placed in advance predicting the outcome of a future event.

G

GambleTo risk money on the outcome of an event.
GamblerSomeone that makes a bet.
Getting downPlacing a bet or making a wager.

H

Half time betA bet placed only on the second half of a game.
HandicapReferring to the points given to the underdog to level the odds with the favorite.
HandicapperOne, who studies, rates and predicts outcomes of sporting events or races.
HedgingPlacing bets on the opposite side in order to cut losses or guarantee a minimum amount of winnings.
Home team (Home)The team that is playing in their own town/stadium.

I

In-play bettingRefers to live match betting in which it is possible to bet on the outcome or elements of a match while it is still in play.

J

JuiceA bookmaker's commission.

L

Lay a betAn acceptance of a bet by a bettor to the bookmaker.
Lay a priceBetting the favorite by laying money odds.
Lay(ing) the pointsBetting the favorite by giving up points.
Layoff betA wager made by one bookmaker with another to help balance his action and reduces his risk on one side or one horse.
LengthenThe movement by the line maker of odds so that they are made longer.
LimitThe maximum amount a bookmaker will permit a bettor to wager on certain odds (outcome).
LineThe betting proposition - the current odds or point spread on an event.
Line moveA change in the odds on a particular team by the Linemaker.
LinemakerThe person who sets the betting lines for a sportsbook.

M

Money line (ML)Odds expressed in terms of money. If the money line has a minus (-), you lay that amount to win a hundred dollars; If the money line has a plus (+), you get that amount for every hundred dollars wagered.
Move the lineTo pay an additional price on point spread games in order to receive half a point or more in your favor.
MultipleA bet on two or more selections; all of which must win to gain a return.

N

Neutral siteArena, court or field where neither side has a home field advantage.
No actionA bet where no money is lost or won.

O

OddsThe likelihood of the outcome occurring, stated in numbers form. The bookmaker's evaluation of the chance of a team/competitor winning. It is adjusted to include a profit, otherwise known as the bookmaker's edge.
Off the boardThis is the term for a game that a bookmaker refuses to accept any bets.
Open betA bet that has not yet been closed or settled.
Opening lineThe first line posted for an event.
OutcomeAn outcome (result) of event.
Outlaw lineAn early line which is not an official line
OutsiderA long-odds team/competitor that is not one of the favorites and is not expected to win.
OverA wager on whether the total of the match will be over the priced amount.
Over/UnderThe opportunity to bet on the total of the game. A bettor can choose over or under the priced amount.
OverlayWhen the odds on a proposition are in favor of the bettor rather than the house.

P

ParlayA bet on two or more selections; all of which must win to gain a return.
Past postTo make a bet after the event has started.
PayoutA payout is how much a bettor receives from the bookmaker as a consequence of winning the bet.
Pending betA bet that has not yet been closed or settled.
Permutation (Perm)All possible combinations of a particular bet type applied across all selections, is referred to as a perm, or permutation. For example, 3 Doubles can be permed from 3 selections.
PlaceTo wager on the team/competitor/horse to finish in the top two, three, four or five in an event/tournament.
PlayerSomeone that makes bets.
Point spreadThe scoring differential between two opponents predicted by a linemaker. When placing a bet on the spread line, the favorite is represented with a minus (-), and the underdog is represented with a plus (+).
PostponedWhen an event is cancelled and rescheduled for a later date.
PriceBetting term for the Odds or Point spread. A price is decided by the bookmaker to reflect the chances of that particular team/competitor winning or placing in an event field.
ProfitThe profit is simply the return minus the total stake, which if negative indicates a loss.
Proposition bet (Prop)This type of bet is odds set by the bookmaker on unique and various topics (politics, pop music, etc).
Puck lineGiving odds of a goal spread instead of using a Canadian line, which uses both a goal spread and money line.
PunterSlang term for a bettor.
PushA push is when there is no winner or loser in a bet.

R

Rained outA game that is cancelled because of bad weather.
ReturnYour total winnings on a bet.
Risk free betA risk free bet involves covering all possible outcomes on a particular event at the correct odds in order to eliminate any risk
Run lineRefers to baseball when a spread is used instead of a money line.
RunnerA person that places bets on behalf of someone else in an effort to disguise the identity of the true bettor.

S

ScalperSomeone who attempts to profit from the differences in odds from different books by betting both sides of the same game at different prices.
SharpA professional gambler.
ShortenWhen a bookmaker reduces the odds. The opposite to lengthen.
SingleA bet consisting of one selection which must win for you to make a profit.
Special betThis type of bet is odds set by the bookmaker on unique and various topics (politics, pop music, etc).
Sportsbook (Book)A person or establishment that accepts bets on sports competitions or/and horseracing.
SpreadReferring to the points given to the underdog to level the odds with the favorite.
Spread bettingA bet is won or lost according to whether you correctly predict the result of an event. Returns or losses are calculated in proportion to how right or wrong the bettor is, and can lead to huge returns or losses.
StakeAnother term for a wager.
Straight betA bet consisting of one selection which must win for you to make a profit.
SystemA method of betting, usually mathematically based, used by a bettor to try to get an advantage.

T

Taking the pointsTo bet the underdog and take the points advantage.
Taking the priceBetting on the underdog and accepting money odds.
TieA finish to a competition with identical results.
TipsThe selections and predictions of competitor's performance for an event from an expert or observer.
TipsterSomeone that offers tips on events.
TotalThe combined amount of goals, points or runs scored by both (all) teams in a game or event.
Total betA bet in which the bettor speculates that the total score by both teams in a game will be more (Over) or less (Under) than the line posted by a bookmaker.
ToteA system introduced to Britain in 1929 to offer pool betting on racecourses.
TrebleA bet on three selections; all three of which must win to gain a return.
True oddsThe real odds of something happening as opposed to what bookmakers offer.

U

UnderA wager on whether the total of the match will be under the priced amount.
UnderdogThis is the team/competitor that is the least likely to win and has a large price.
UnderlayWhen the odds on a proposition are in favor of the house.

V

ValueThe best odds on a betting proposition - those with the lowest bookmaker's edge.
Value bettingIf you believe the odds taken are better than the mathematical chance which the team involved has of pulling off the outcome, then you have a value bet
Versus (VS)Against
Vigorish (Vig)A bookmaker's commission.

W

WagerTo risk something (money) on the outcome of a future event.
Win onlyA bet on a team/competitor to win an event.
Wise guyA well informed and successful bettor.
Page time :

10-18-2017
16:28:06 UTC



Copyright 2011-2017 Sport12x.com     Contact us: admin@sport12x.com