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Cover : A term related to betting against the spread. If you bet on a three-point favorite and they win by seven, the spread has been covered. Draw : This is when a game falls exactly on the spread, not over or under. No one wins in this scenario. Drift : Moneylines that grow longer after the opening line is posted.
Edge : A betting advantage gained through research or having insights that are not known publicly. Even Money : A wager that returns the same amount as was risked. Favorite : The expected winner in a game or event. Many betters place a wager on a team to win the Super Bowl before the season even starts. Handicapper : An analyst who observes sports events to predict the winning team or player. Hedging : A tactic that allows you to bet on the opposite side of the wager you already place. This can help stem your losses a bit.
Juice : A small commission attached to the odds set by bookmakers. Another term for vigorish. Laying Points : The act of placing your bet on a favorite. Lines : Another way to refer to betting odds. Middle : Cashing tickets on both sides of a betting option when a point spread moves up or down prior to a match.
Moneyline : A term mostly for sports like baseball and hockey. Opening Line : The first point spread available for a game. A number will be given. You can tie at least two together and all the events need to happen to get the payoff. This just means the line is zero. Proposition Bet : Better known as a prop bet , this is a wager on something other than the outcome. Proxy : An individual or group who places bets for non-local bettors who may be unable to place bets in person.
Handle: The amount of money in wagers accepted. Hedge: To make a bet that takes the opposite side of your original position, usually to reduce risk or lock in some profit. Layoff: A type of wager made by one bookmaker with another, often larger, bookmaker in order to balance action or reduce risk.
Lock: A bet that cannot lose; a term that is often misused and abused by disreputable touts. Match-up proposition: A betting option that pits two players against one another in a contest or event, often used in golf and auto racing wagering.
Middle: A situation in which you bet both sides in a game and win both bets, due to favorable line moves. If the favorite wins by exactly 3 points, both bets win. Money line: The odds on a team winning a game outright, regardless of the point spread. Money management: Any strategy used by a bettor for making the most of his bankroll.
Offshore: Designation for the organized sports betting industry outside of the United States. Out: A place to get bets down, whether it's a Nevada sports book, offshore book or illegal bookmaker. Parlay: A bet in which two or more events must happen in order to win; if any one of them does not happen, the wager loses.
Pay by mail: How sports books usually pay off winning tickets to tourists who make a bet while visiting Nevada, then return to their home state before they have a chance to cash them. Pleaser: A specialized form of a parlay that improves the point spread for the book but pays off at improved odds. Point spread: The number of points added to or subtracted from a team's actual score for betting purposes.
Power rating: A numerical representation of a team's strength for betting purposes. Public: Average, unsophisticated or casual bettors as a whole; or, used to describe money bet by the public "a lot of public money came in on the Cowboys" ; see "square. Rotation: The official list of all the games on the betting board, presented in a specific order.
Round robin: A specialized form of a parlay that uses every combination of a set of teams in a wager. For example, there would be six two-team parlays within a four-team round robin. Scalp: A form of a middle in which you bet both sides in a game, taking advantage of line movements to secure a profit. Sharp: Savvy, highly informed; or, used to describe the money bet by sharp players "a lot of sharp money came in on the Eagles".
Side: A variation of a middle in which you win one bet and push the other; also, a particular team in a match-up. Square: An unsophisticated or casual bettor, the opposite of a wise guy; see "public. Takeback: On a money line, the price of the underdog. In baseball, if the favorite is minus , the "takeback" on the underdog is often plus Teaser: A specialized form of a parlay that improves the point spread for the bettor but pays off at reduced odds.
Totals: A type of wager that involves whether a score or result will go over or under a posted number. Tourist: A typical visitor to Las Vegas, almost always used as another way to say "square. With a cent line, if the favorite is minus , the underdog is even money. Underdog: A team or player that, according to the odds, is the weaker or among the weakest in a given match-up, or is regarded as such by the betting public, or is expected to lose. Wise guy: A sharp, successful, established professional sports bettor.
Wood: The price of a heavy favorite. If you bet the Red Sox as a minus favorite, you "lay the wood" with the Red Sox. The toolbar contains the following The AudioEye Help Desk to report accessibility and usability related issues. Please click here if you are not redirected within a few seconds.
Search Las Vegas Shows Start date. End date. Bankroll: Total capital available for betting sports. Buck: See "dollar. Chalk: A favorite, usually a heavy favorite. Chalk eaters: Bettors who like to bet big favorites often a derogatory term. Dog: See "underdog.
Bankroll : This is simply the number of available funds you have to bet with. Bookmaker : The person or organization who is properly licensed to create the lines you bet on, as well as take bets. Chalk : Betting on the favorite.
Closing Line : Where the point spread is at the start of the game. Cover : A term related to betting against the spread. If you bet on a three-point favorite and they win by seven, the spread has been covered. Draw : This is when a game falls exactly on the spread, not over or under. No one wins in this scenario. Drift : Moneylines that grow longer after the opening line is posted. Edge : A betting advantage gained through research or having insights that are not known publicly.
Even Money : A wager that returns the same amount as was risked. Favorite : The expected winner in a game or event. Many betters place a wager on a team to win the Super Bowl before the season even starts. Handicapper : An analyst who observes sports events to predict the winning team or player. Hedging : A tactic that allows you to bet on the opposite side of the wager you already place. This can help stem your losses a bit. Juice : A small commission attached to the odds set by bookmakers.
Another term for vigorish. Laying Points : The act of placing your bet on a favorite. Lines : Another way to refer to betting odds. Middle : Cashing tickets on both sides of a betting option when a point spread moves up or down prior to a match. Moneyline : A term mostly for sports like baseball and hockey.
Opening Line : The first point spread available for a game. A number will be given. Some bettors will bet against the "public money" whichever team more bettors have placed their bets on. Cover - The betting outcome on a point spread bet. For a favorite to cover, it must win by a number higher than the spread.
An underdog can cover by losing by a number less than the spread or by winning the game outright. Future bets - A bet on events that will happen further in the future like who will win a division or who will win a championship well in advance. Hedging - Betting opposite of a previous bet to guarantee winning at least a small amount of money.
Moneyline bet - A bet made if a team will win or lose outright with no point spread. Parlay - A a bet that combines multiple games for a higher payout. The more games, the higher the risk but the greater the payout. In order for the parlay to win, each game must win or push tie. If any of the games lose, the entire wager loses.
Point spread - Margin of victory set by oddsmakers to attract bets action on both the favorite and the underdog. A favorite must win by a number higher than the point spread to cover the spread. Puckline - Hockey has a point spread of Proposition bets prop - A bet on anything that is not directly tied to the outcome of the game. For example, it can be the first team or the first player to score in a game.
Push - When neither team covers the spread the actual margin of victory lands exactly on the spread , no one wins the bet and all wagers are refunded. Runline - Baseball has a point spread of Teaser - Similar to a teaser, spreads are favored towards the bettor but has a lower payout. Action - A bet or wager. Against the spread - The result of a game including the point spread. Bad Beat - A bet that looks like the bettor is going to win but doesn't.