• Betting Terms

    Below is a list of Gambling Terms and Sports Betting Definitions that are useful to know when starting to bet on sports.

    ACTION - Any bet or wager

    ADDED GAME - a game not part of Las Vegas regular rotation posted as an accommodation to customers

    ATS - against the spread

    BOOK - A sports book or betting establishment that sets odds and accepts wagers on the outcome of sporting events.

    BOOKIE - Someone who accepts bets

    CHALK - The Favorite in a match/game

    CIRCLED GAME - A game in which the sports book reduces its normal betting limit usually because of an injury or weather condition.

    COVER - When the team wins by more than the point spread.

    DIME - $1000 bet

    DIME LINE - A money line in which the vigorish or bookie's juice amounts to 10 percent. (No point spread involved)

    DOG - the underdog or the team getting points.

    DOLLAR - $100 bet

    EDGE - Advantage

    EXOTIC BET - any wager other than a straight bet or parlay - also called a prop or proposition.

    FUTURE BET - Bets accepted well in advance. Examples include betting on which team will win the World Series or Super Bowl months before the event.

    GRAND SALAMI - The grand total of goals scored in all the hockey games of the day. It can be wagered to go Over/Under.

    HOOK - A half point added to football or basketball lines.

    JUICE - The bookmaker's commission on a losing bet, also known as "vigorish."

    LISTED PITCHERS - Listed pitchers is a baseball bet which will be placed only if both of the pitchers scheduled to start a game actually start. If they don't, the bet is cancelled.

    LINE - The current odds or point spread on an event.

    LOCK - A term meaning can't lose. (NO SURE THING)

    MIDDLE - When both sides of a point spread proposition win.

    NICKEL - $500 Bet

    ODDS-ON-FAVORITE - A horse, team or individual so favored by the public that the odds are less than even.

    OFF THE BOARD - A game in which the sports book is not taking wagers on.

    POINT SPREAD - The predicted scoring differential between two opponents listed by a sports book.

    POST TIME - The scheduled starting time.

    PUSH - A tie in the betting.

    ROUND ROBIN - A method of parlaying two or more teams in all  possible two-team parlay combinations.

    SIDE - When one side of a betting proposition wins and the other side ties.

    STRAIGHT-UP WIN - A victory by a point spread underdog.

    TAKE THE POINTS - A wager on a underdog.

    VIGORISH - The juice or commission taken out by the sports book  for accepting the bet, usually 10 percent.

    WAGER - Any bet. >