| Action |
A bet or wager on an event |
| Agent |
A go-between of the player and the bookmaker. |
| ATS |
Short for Against The Spread. |
| Back Door |
When a team comes back to cover the spread when it seemed unlikely |
| Bad Beat |
When you lose a wager that you thought you had won |
| Bank Roll |
Your wagering budget |
| Beard |
A person who places bets for another person |
| Bet |
A wager |
| Bookie |
A shortened term for the Bookmaker. Also known as the House |
| Chalk |
A term used to describe a point spread favorite |
| Choke Job |
Losing a wager you thought you had won |
| Cover |
Winning a point spread wager |
| Dime |
Betting lingo for $1000 |
| Dip |
Another term for a Teaser wager |
| Dog |
Short for a point spread Underdog |
| Dollar |
Betting lingo for $100 |
| Even Money |
A wager where you win your stake and no commission is taken |
| Figure |
How much you are owed or owe the book maker |
| Handicapper |
A person who offers betting advice for fee |
| Hedge |
Placing a wager on the opposite side of a previous wager to prevent a loss |
| Juice |
The commission paid to the book maker on a losing bet |
| Limit |
The minimum or maximum wager a book maker will accept |
| Lock |
A term used for a wager that seemingly can’Äôt lose |
| Middle |
Placing wagers on opposite sides of the same game to ensure a profit regardless of outcome. Also know as a scalp |
| Nickel |
Betting lingo for $500 |
| Off The Board |
A contest in which there is no betting line available |
| Parlay |
A single wager in which two are more teams are bet. In order for the wager to win, all the teams need to cover their point spreads |
| Past Post |
Placing a wager after an event has already begun |
| Point Spread |
The betting lines a book maker assigns to an event |
| Push |
Neither a win or a loss. A tie |
| Runner |
A person who places bets for another person |
| Scalp |
Placing wagers on opposite sides of the same game to ensure a profit regardless of outcome. Also know as a middle |
| Sharp |
A successful or professional bettor |
| Square |
An amateur bettor |
| Steam |
When large sums are wagered on a specific bet in a short period of time |
| Teaser |
A single wager on multiple teams where you are given ’Äúpoints’Äù to adjust the odds of an event based on the number of teams involved |
| Tout |
Another term for Handicapper |
| Wager |
Another term for a Bet |
| Wise Guy |
Another term for a Sharp or professional bettor |
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