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Sportsbook Glossary Of Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Action Is normally known as having money in a game (bet), but when you wager on baseball and you choose action, it means that you don't mind which pitchers are starting the game.
Circle Game Game where action is limited due to uncertainties about weather, injuries, etc.
Cover in by more than the pointspread
Dime $1000
Dime Line A money line in which the vigorish or bookie's juice amounts to 10 percent. No point spread involved)
Dollar $100
Edge Advantage
Handicapper One who studies sports and predicts outcomes
Handle Total amount of bets taken
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.
Juice Bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers; vigorish
Limit Maximum bet accepted by the house before the price will be changed
Line The betting proposition on a game and/or payoff odds on the bet
Longshot Large underdog
Middle To win both sides of a game. For example, if you bet the underdog +3 1/2 and the favorite -2 1/2 and the favorite wins by 3, you've MIDDLED the book. The book has BEEN MIDDLED.
Money Line The money line is an indicator of the odds that a team will win. A negative money line represents how many dollars you would need to bet to win $100. A positive money line represents how many dollars you would win if you bet $100.
Neutral Site Arena, court, or field where neither side has a home field advantage
Nickel $500
Off The Board Game where no bets are being accepted
Over/Under See Total
Parlay A bet with two or more teams where all the teams must win for the bettor to be successful
Past Post To make a bet after an event has started Pick or
Point Spread Number of points a-team is favored to win by
Practical Hold Percentage The amount won be a bookmaker divided by the total amount booked
Push Tie
Rundown Line update
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
Scratch Withdraw; cancel
Sharp Wise guy, professional player
Square Unsophisticated gambler
Straight Bet A bet on just on team
Sucker Bet Bet with a large house edge
Teaser A wager of two or more teams where the point spread is adjusted in the players favor and all the teams must win for the bettor to be successful
Theorical Hold Percentage The edge the bookmaker would have IF the odds guaranteed him a constant commission regardless of the outcome
Total number of points expected to be scored. Sometimes the over or under is favored. In this case the over/under is followed by an o or u, then the money line (9u-120, Baseball)
Vigorish Juice
Wiseguy Established and successful sports bettor