Betting terms explained Print
Betting terms explained
betting terms explained by theSpread.com:
 
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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#1 271 Indianapolis Colts 87%
#2 265 Houston Texans 86%
#3 161 Memphis 86%
#4 52 San Jose Sharks 85%
#5 186 Marshall 85%
#6 177 Georgia Southern 84%
#7 195 Ohio State 82%
#8 165 Alabama 79%
#9 263 Miami Dolphins 79%
#10 129 Central Michigan 77%
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How To Bet Guides

Are you new to Sports Betting? If you are or, if you just want to try betting an unfamiliar sport, here are some guides to help you out!

How to Bet Baseball

How to Bet Basketball

How to Bet Golf

How to Bet NASCAR

Betting Moneylines

Betting Props

Betting Futures

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