Betting Article

Jargon Term Explanation
Accountant A nickname for a Bookmaker, who was originally known as a Turf Accountant
Accumulator A single wager that covers multiple selections. All selections must win for the bet to be successful. Also known as a parlay, all-up or multibet
Action A bet or wager of any kind.
Agent A middleman that places customers into a sportsbook for a commission.
Ajax A UK slang term for betting tax (also known as “Bees” or “Beeswax”).
All Up A basic Multiple Bet combining 2 or more legs. All selections must win for the bet to be a winner.
All-In Betting A type of betting whereby no refunds are given for scratched or withdrawn competitors/teams in an event where a bet is placed.
Alpo The underdog (also known as “Bow-Wow”, “Dog”, “Puppy” or “The Short”).
Also Ran Any selection that does not finish 1st, 2nd, 3rd or 4th in a race or event.
Angles Using key factors/insights from previous events to predict the results of future events.
Ante Post A type of bet that is placed in advance of an event starting.
Arbitage Betting Arbitage betting refers to opportunity betting in which punters guarantee a “sure bet” by betting on a game at two or more bookmakers
Arbitrage A situation where the odds available mean it’s possible to make two (or more) bets and guarantee a profit.
Asian Handicap This is a type of football bet which gives a head start to one of the teams. Eliminates the possibility of a draw outcome.
BR An abbreviation for “Bankroll”.
Backed A team that has had many bets placed on it to win.
Backer An individual behind the scenes who supplies a bookmaker with cash.
Bad Beat A wager that loses unexpectedly, e.g. when unwanted points are scored against your wager in the dying seconds of an event
Bail Out Trying to recover your losses with one bet.
Banker A bet considered to be a sure thing. Also known as a lock.
Banker Bets A selection that must win in order to guarantee a return on a bet conaining two or more selections. The Banker is present in evey combo.
Bankroll How much money you have to bet with
Beard A friend or acquaintance who places bets to conceal the true identity of the real bettor.
Bet the Limit To bet the maximum amount allowed by a bookmaker on a particular event/race.
Betslip Where you put your selections and enter your stake before confirming your bet.
Betting Exchange Operating almost the same as a stock market, a betting exchange allows you to trade your bets. You can place a bet or accept (lay) a bet
Betting Ring A syndicate of big money sports bettors who place large bets.
Bettor A person who bets, also known as a punter, gambler
BIR (Betting in Running) Betting in Running is the term used to describe bets that can be placed after the match, race, or event has started
Blind Bet To avoid lower odds on his selection, a racetrack bookmaker will blind bet to draw other bookmakers’ attention away from his sizable betting on one horse.
Board The complete schedule of games on any given day.
Book An establishment that accepts bets on the outcome of sporting events.
Bookie Abbreviation of bookmaker.
Bookmaker A person or company who accepts bets from the public, usually on racing or sports events (also known as a “Bookie” or “Sportsbook”).
Bow-Wow An underdog (also known as “Alpo”, “Dog”, “Puppy” or “The Short”).
Bridge-Jumper Bettor who specialises in large show bets on favorites with low odds.
Bullseye In betting terms, a bullseye is £50.
Bundle A large bankroll.
Bust Broke.
Buy Points When a bettor pays an additional fee to receive half a point or more in his favor on a point spread game (also known as “Move the Line”).
Buy Price In spread or index betting, this is the higher figure quoted by a bookmaker.
Buy the Rack Purchasing every possible “Daily Double” or other combination ticket.
Buying Points Paying an additional price to receive half a point (or more) in your favor when placing point spread bets. Also known as moving the line.
Canadian A multiple bet consisting of 26 bets (10 doubles, 10 trebles, 5 4-folds and 1 5-fold) with 5 selections in different events (also known as a “Super Yankee”).
Canadian Line A combination point spread and money line in ice hockey.
Carpet Joint US slang for a luxury gambling casino.
Chalk The favored team, athlete or horse.
Chalk Eater A person who bets only on favorites (also known as a “Chalk Player”).
Chalk Player A bettor that bets primarily on the favorites. Also known as a chalk eater.
Churn The act of re-betting money any winnings.
Circled Game A game where the bookmaker limits the betting action for some reason.
Clocker A person who times the workouts (normally of horses and greyhounds), usually for betting information.
Clone Joint A sportsbook that moves its lines to conform with other sportsbooks.
Closing Line Otherwise known as the final line, the closing line refers to the final betting line before a bookmaker stops offering bets on an event.
Co-Favorites When two or more competitors share the status as favorite (have the lowest odds).
Combination Bet Any bet that combines more than one selection.
Combination Tricast Commonly used in horse and greyhound racing, it refers to a bettor correctly picking the 1st, 2nd and 3rd place finishers in a race in any order (also known as a “Trifecta Box”).
Correlated bet A bet that if one bet wins, it increases the odds of the other bet winning.
Cover Beating the spread by a required number of points. Also know as “cover the spread”.
Credit Betting Using credit at a bookmaker to bet.
Data Mining Searching through a large volume of statistics to find profitable situations to bet on in the future.
Dead Heat A dead heat refers to an outcome where two or more competitors are tied for the same position
Decimal Odds Representation of odds (eg 3/1 three to one) in decimal form (4.00)
Degenerate A compulsive bettor.
Distance Special This is a special bet which may be offered on a horse (usually the favourite) to win by a certain distance, e.g. between 3 and 5½ lengths.
Dividend The agreed payout or return on a bet.
Dog The underdog in a betting proposition (also known as “Alpo”, “Bow-Wow”, “Puppy” or “The Short”).
Dog Player A bettor that bets primarily on the underdogs.
Double A single bet that contains two selections. Both selections must win for the bet to be successful.
Double Bet A bet that is twice the size of one’s usual bet (also known as “Double Pop” or “Doubling Up”).
Double Betting Double bet is the simplest of all accumulators as it consists of just two selections, both of which need to be guessed correctly in order to qualify for a win
Double Chance A bet that wins if your team wins or if they draw, which means that only a loss will result in a losing bet.
Doubling-Up Also known as the Martingale method, doubling-up is when a bettor doubles the size of his previous bet hoping to win back the money lost and make a profit.
Draw Where competitors in an event finish tied (also known as a “Jerk” or “Push”).
Draw No Bet A bet whereby bettors will get their stake back if the game ends up as a draw. This is particularly popular with soccer match bets.
Drift When the odds on a competitor are “lengthen”, they are said to have “drifted” or be “on the drift”.
Drifting Odds that are lengthening (i.e. getting bigger) are said to be drifting.
Dry A bettor who has gone broke.
Due Referring to a competitor/team that is considered to be overdue for a win or loss in their next contest or sports event.
Dutching Dutching is a betting system used to cover several contenders in an event, making sure each and every one of those bets guarantees the same profit
Each Way A bet that is split into two. Half the bet is on the selection to win, half the bet is on the selection to finish in the top few places.
Early Money Bets that come in as soon as the betting lines are made available to the public.
Earn The total amount won by a bookmaker divided by the total amount booked (also known as the “Practical Hold Percentage”).
Edge A person’s advantage when it comes to sports betting.
European Handicap European handicap bets where handicaps are whole numbers (as opposed to half or quarter goals like Asian handicap) and the draw option is included
Evens/Even Money A 2.00 (evens) odds bet. A US$1 stake would return US$2 dividend (also known as “scotch” or “levels”).
Exacta An Exacta is a bet on two competitors in one event to finish 1st and 2nd in th correct order.
Exotic Wager Any wager other than a straight bet or parlay (also known as a “Prop” or “Proposition Bet”).
Fade A wager against a particular outcome
Favorite The competitor/team considered most likely to win and therefore has the shortest or lowest odds (also known as the “jolly” or “sponk”).
Field A collective term for all the participants in a sporting event.
Firing Wagering large sums of money.
First Half Bet A bet placed only on the first half of a game.
Fixed Game A game in which one or more participants willfully manipulates the final outcome of a game.
Fixed Odds Odds that are agreed at the time of placing a wager, and stay the same regardless of if the odds fluctuate in the future.
Fixed Price Fixed Price is a bet where you get the odds quoted at the time of your bet
Flash The change of odds information on a tote board.
Flea An annoying bettor who wants something for nothing such as being comped for a small wager.
Fold When preceded by a number, a fold indicates the number of selections in an accumulator (e.g. 5-Fold = 5 selections).
Forecast A wager on the 1st and 2nd placed participants in a sporting event, in the correct order.
Form What performance is to be expected according to how a competitor/team looks on paper.
Form Player A bettor who makes selections from past-performance records.
Fractional Odds A format for displaying odds in the form of a fraction.
Full Cover All the doubles, trebles and accumulators involved in a given number of selections.
Futures Odds posted in advance on the winners of various major events including the Super Bowl, the Premier League, the Stanley Cup, and the NBA Championship.
Get Down A slang term for making a bet.
Getting Down Making a bet.
Going Down Losing a wager or series of wagers.
Goliath A multiple consisting of 247 bets (28 doubles, 56 trebles, 70 4-folds, 56 5-folds, 28 6-folds, 8 7-folds and 1 8-fold) involving 8 selections in different events.
Grand Salami A wager on the total number of goals scored in all of the ice hockey matches on a single day.
Half Time Bet A bet placed only on the second half of a game.
Half Time/Full Time Also known as double result, this is a bet where you must predict the outcome at half time and at full time.
Handicap Another term for the point spread, where bookmakers attempt to level the playing field in an event for betting purposes, by awarding extra points/goals to the underdog.
Handicapper A person who studies statistics, performances and past results for the purposes of betting.
Handicapping Attempting to predict the outcome of sporting events.
Handle The total amount of money bet on an event or group of events.
Hang Cheng A bet where returns on a team winning or drawing are determined by part-goal handicaps (also known as “Asian handicap”).
Head to Head A straight two-way competition offered in sports, a head to head bet is simply one team to beat the other (draw option only sometimes offered).
Hedge To place a bet, or bets, on the opposite side of a previously made bet to either reduce risk or guarantee some profit.
Heinz A multiple bet consisting of 57 bets (15 doubles, 20 trebles, 15 4-folds, 6 5-folds and 1 6-fold) involving 6 horses in different races.
Holding Your Own Breaking even on a wager or series of wagers.
Hot Game A game that is drawing a lot of action on one side from knowledgeable handicappers.
Hot Tip Information the bookmaker is not yet aware of
House A casino or gambling facility.
If Bet A bet that is placed only if a certain outcome of a previous bet comes true.
In running Betting A term referring to an event which has started and is in play.
In the Money Describes the horses in a race that finish 1st, 2nd and 3rd (and sometimes 4th) or the horses on which money will be paid to bettors, depending on the place terms.
In the Red Owing money to someone.
In-Play Betting Live match betting in which it is possible to bet on the outcome or elements of a match while it is still “in play”.
Jerk Also known as a “Draw”, “Push” or “Tie”.
Joint Favorites When bookmakers cannot choose a favorite among two competitors/teams, both are made joint favorites.
Jolly The favorite in an event.
Juice The term “juice” refers to the commission that a bookmaker takes for each losing bet. This is also known as the “vigorish” or “the take”.
Lay When a bookmaker (or individual) takes a bet they are said to be laying that bet.
Lay a Bet The accepting of a bet by a bookie.
Layer A bookmaker or one who “lays” odds.
Layoff Money bet by a house, with another bookmaker, to reduce it’s liability.
Lengthen The opposite of “Shorten”, which means that odds get longer; that is, more attractive for the bettor.
Limit The maximum amount a bookmaker will allow you to bet before he changes the odds and/or the points.
Line The odds and/or point spread offered on a sporting event.
Linemaker The person who establishes the original and subsequent betting lines (also known as the “Oddsmaker”).
Live Betting Refers to betting on an event which is in-play. Also known as betting in the run.
Lock A bet considered to be a sure thing. Also known as a certainty
Long Odds Odds such as 101.00 (100/1) offered against a competitor deemed unlikely to win.
Long-shot A team, athlete or horse perceived to be unlikely to win.
Lucky 15 A Lucky 15 consists of 15 bets on four selections consisting of four singles, six doubles, four trebles and a fourfold accumulator.
Lucky 31 A Lucky 31 is 31 bets on five selections and consists of five singles, 10 doubles, 10 trebles, five fourfolds and a fivefold accumulator.
Lucky 63 A Lucky 63 is 63 bets on six selections and consists of six singles, 15 doubles, 20 trebles, 15 fourfolds, six fivefolds and a sixfold accumulator.
Margin The amount a competitor in an event finishes in front of another competitor.
Margin Betting Margin Betting is where you pick the winning margin on an event between two teams.
Martingale A method when a bettor doubles the size of his previous bet hoping to win back the money lost and make a profit (also known as “Doubling-Up”).
Middle Betting both sides of a game at different prices with the hope of winning both wagers.
Middler A bettor who bets both sides of the game.
Money Back Bets Only offered on major events, these bets promise to refund your stake as a free bet if an event advertised in the offer actually happens.
Moneyline A bet on a participant to win an event with no point spread.
Move the Line A bettor that pays an additional fee to receive half a point or more in his favor on a point spread game (also known as “Buy Points”).
MultiBets A MultiBet is combining a selection of single bets together, in effect multiplying your bet. MultiBets are also known as a Multiple Bet, All Up or Parlay.
Mush A bettor who is bad luck.
Mush Artist A bettor who does not pay his debts (also known as a “Stiff”).
Mythical Bet This is a type of bet which allows you to bet between players or teams who are not in direct competition.
Nap A single selection that tipsters highlight as their best bet of the day.
Newbie A person who is new to gambling or to forums. A rookie or “Square”.
Newspaper Line The lines which appear in various daily newspapers. Note that these lines are approximate and can be inaccurate and/or misleading.
No Action A wager in which no money is lost or won.
Odds Set by a bookmaker, odds determine how much a successful wager will return.
Odds Compiler A person working for a bookmaker who sets the odds following research and his own feelings (also known as an “Oddsmaker”).
Odds on Favourite. Any price which is less than 2.00
Oddsmaker A person who creates odds on sporting events, but does not accept wagers (also known as an “Odds Compiler”).
Off the Board If a game is taken off the board, it is no longer available to bet on.Bookmakers take a game off the board when they have suspicions about game integrity
Official Line The line the bookmaker uses for betting purposes.
Off-Track Betting conducted away from the horse racetrack.
Opening Line The earliest line posted for a particular sporting event.
Outsider A participant in a sporting event that is considered unlikely to win, and has long odds. Also known as a longshot.
Over/Under Bet A type of wager on whether the total number of points/goals scored will be more or less than the number set by the bookmaker. Also known as a totals bet.
Overlay When the odds of a proposition are in favor of the bettor not the house. Such as a horse whose odds are high in comparison to its perceived chances of winning the race.
Over-Under Betting Over/under betting involves the punters betting on a number of goals, corners, yellow cards or other events in a match.
Parlay Also known as an “Accumulator”, “All Up” or “Multiples”, this is a bet on two or more teams or outcomes are reinvested on the next wager.
Past-Post A bet made after the start of a game or horse race.
Patent A multiple bet consisting of 7 bets involving 3 selections in different events. A single on each selection, plus 3 doubles and 1 treble.
Payout The payout is the full amount you receive on a winning bet. The payout on a bet is worked out by multiplying the stake of your bet with the price
Pick ’em A game where neither team is favored.
Picks Recommended bets. Also known as tips.
Place The term “place” is most commonly used in horse and greyhound racing and refers to a horse or greyhound “placing” in the top 3.
Player A bettor or punter.
Point Spread The points/goals allocated by the bookmaker to level the playing field in an event for betting purposes.
Post Time Normally used in horse racing, it is the scheduled starting time of a race.
Power Ratings The strength of a team in comparison to another team.
Press Wagering a larger amount than usual.
Price The decimal representation of the odds or line of a bet
Profit The profit for a bet is the total payout minus your initial stake
Proposition Bet A wager on a specific or unique aspect of a sporting event. Often shortened to prop bet. Also known as a special.
Punter A person who has a bet. Also known as a bettor.
Puppy The underdog (also known as “Alpo”, “Bow-Wow”, “Dog” or “The Short”).
Push When an event/race ends with no winner or loser for wagering purposes (also known as a “Jerk”, “Draw” or “Tie”).
Quinella Two runners to place first and second in any order
Return The money won on a successful wager.
Right Price A price high enough to warrant placing a bet on a specific competitor.
Round Robin A bet consisting of 10 bets (3 pairs of “Single Stakes About” bets plus 3 doubles and 1 treble) involving 3 selections in different events.
Run Down All the lines for a specific date, sport, time, etc.
Runner An individual who places bets on behalf of someone else.
Sawdust Joint Non-luxury gambling club.
Scalper One who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices (also known as an “Arbitrager”).
Scorecast A scorecast bet is a bet on a player to score first and a team to win by a particular score. The odds of both outcomes are combined into one price.
Scouts Bettors that wait for what they consider to be a sure win betting opportunity.
Scratch/Scratching When a runner withdraws from a race before it begins.
Sharp A sophisticated or professional bettor (also known as a “Wise Guy”).
Shoo-In A supposed guaranteed winner.
Shorten The opposite of “Lengthen”, which refers to odds getting shorter; that is, less attractive to the bettor.
Shortening the Odds A bookmaker reducing the odds offered in response to heavy betting.
Shut Out A bettor who gets into the betting line too late and is still waiting in line when the window closes.
Single A single bet on one selection.
Smart Money The bets of insiders, professionals or knowledgable punters
Sportsbook A person or company that accepts bets (also known as a “Bookmaker”).
Spot Play A bet in which the bettor risks money only on events that seem relatively worthwhile risks.
Spot Player A bettor who risks money only on events that seem relatively worthwhile risks.
Spread An abbreviation of point spread or handicap
Spreads Also known as handicaps.
Square A novice or newbie when it comes to sports betting.
Stake The amount of money placed on a wager.
Steam When a line starts to move rapidly. Most “steam games” do not necessarily reflect objective circumstances, but are games that draw a mass of bettors for unexplained reasons.
Steamer A competitor whose price has suddenly dropped.
Straight Bet A wager on one selection. Also known as a single.
Sucker Bet A bet that’s significantly in favor of the bookmaker.
Super Heinz A Super Heinz is 120 bets on seven selections consisting of 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, seven sixfolds and a sevenfold accumulator.
Super Yankee This bet (also known as a canadian) involves 26 bets on five selections consisting of 10 doubles, 10 trebles, five fourfolds and a fivefold accumulator.
Super Yankee A permutation wager that involves a total of 26 bets on five selections (10 doubles, 10 trebles, 5 fourfolds and 1 fivefold). Also known as a Canadian.
Sure Thing A bet that is deemed to have very little chance of losing.
Syndicate Collection of bettors who pool all of their money and knowledge together in an attempt to beat the sportsbooks.
System Bets System bet is similar to accumulator bet as it is placed on a number of selections, but not all selections need to be guessed correctly to qualify for a payout
Tapped Out Broke from gambling.
Teaser A point spread wager on two or more teams, where the bettor is allowed to adjust the spread in their favor in exchange for lower odds.
The Short The underdog (also known as “Alpo”, “Bow-Wow”, “Dog” or “Puppy”).
Ticket A sports betting wager (also known as a “Bet”).
Tips The selections chosen by an expert to bet on (also known as “Picks”).
Tipster A person who gives or sells to bettors his estimate of likely winners of a race, game or event (also known as a “Tout”).
Toss Up A game where the line is close to pick ‘em; that is, a game where no team, or betting option, is a clear favorite.
Total The combined amount of runs, points or goals scored by both teams during the game (also known as “Over/Under”).
Totals Bet A type of wager on whether the total number of points/goals scored will be more or less than the number set by the bookmaker. Also known as an over/under bet.
Tout A person who gives or sells betting advice (also known as a “Tipster”).
Tout Service A business that gives or sells betting advice.
Treble A bet consisting of 3 selections, all of which must win for the wager to be successful.
Trifecta A bet on three selections to finish first, second and third in a race in a particular order. Can also be placed as a Boxed Trifecta (three selections to finish 1st, 2nd and 3rd in any order).
Trixie A multiple bet consisting of 4 bets (3 doubles and 1 treble) with 3 selections in different events.
Trots A common term for Harness Racing.
Two and Three Ball Betting A golfing bet that involves predicting which bettor from either a group of two or three will shoot the lowest
Under A wager in which the bettor guesses that the total points scored by two teams will be under a certain figure.
Underdog The team perceived to be most likely to lose (also known as “Alpo”, “Bow-Wow”, “Dog”, “Puppy” or “The Short”).
Value Bets Value bets are wagers that are supposed to give you the best chance of gaining profit
Void Bet Void bet can occur in a number of situations and when your bet is void that means that your stake will be returned
Wager To risk money on the outcome of an event (also known as a “Bet”).
Welsher A person who fails to pay a gambling bet.
Win-Draw-Win This refers to the three possible outcomes of a sports fixture (home win, draw and away win).
X A “draw” in match odds such as those associated with soccer and ice hockey.
Yankee A multiple bet consisting of 11 bets (6 doubles, 4 trebles and 1 4-fold) on 4 selections in different events.
Yankee Patent The same 11 bets as a “Yankee”, but with singles on each of the 4 selections as well, making 15 bets in all (also known as a “Lucky 15” or “Yap”).
Yap The same 11 bets as a “Yankee”, but with singles on each of the 4 selections as well, making 15 bets in all (also known as a “Lucky 15” or “Yankee Patent”).
Zero The real value of the advice of most paid tipsters and their betting systems!