Method of wagering on a horse to win, place and show.
Action (AT): In baseball, placing a bet on the site no matter who pitches.
Action points: In an action point wager the customer is going to get paid for every point
the chosen team covers the point spread or, is going to be charge for every
point the chosen team doesn't cover, plus an additional 10%.
-Note: Action points can only be played on football and basketball for
The customer chooses the amount for each point.
Also, the customer has to set a point cap. That is, the maximum points the
customer is going to get pay or charge for. The point cap goes from 10 to 50
Appentice: Jockey who has not ridden a certain number of winners in a specified period
of time. Also known as a "bug", from the asterisk used to denote the weight
allowance such riders receive.
ATS: Against the spread.
Bad beat: Tough loss.
Beard: A friend or acquaintance or other contact who is used to placing bets so
that the bookmakers will not know the identity of the actual bettor. Many
top handicappers and persons occupying sensitive positions use this method
Beyer number: A handicapping tool, popularized by author Andrew Beyer. That assigns a
numerical value (speed figure) to each race run by a horse, based on final
time and track condition. Enables horses running at various racetracks to be
Board: In pari-mutuels, short for "tote board", where betting odds, pools and other
information is displayed. In sports betting, the entire list of available
Bomb, or bomber: A winning horse sent off at extremely high odds
Book: An establishment that accepts wagers on the outcome of horseracing and
Bookie: Person who takes bets from the clients.
Box: A combination bet whereby all possible numeric combinations are covered
Breeder's cup: Thoroughbred racing’s year-end championship, consisting of seven races
Buck: A $100 wager.
Buying points (From 1/2 to 10pts): The customers can buy points to their advantage only in football and
basketball for the complete game whenever doing point spreads. Points can be
bought on the side or on the total.
NOTE: In football, when buying of or onto a 3 point spread there is an extra
10% charge on the juice.
"Current line is Raiders -3.5, buying 0.5 point will make the Raiders -3,
for that you have to lay -120 plus an extra 10% charge, so picking Raiders
-3 buying a 0.5 point it is going to cost $130 to win $100, this is because
its the same as a field goal".
Call: Running position of horses in a race at various points
Call bet: A bet made verbally.
This is a combination point spread line and money line.
Chalk: A favorite.
Chalk player/or chalk eather: Someone who usually plays the favorite teams, rarely betting on the
Churn: The effect of betting and rebetting money
Circle game: A game in which the betting action is limited; usually occurs in games that
feature key injuries, inclement weather, or unsubstantiated rumors regarding
Sometimes stated, "This is a circle game."
Consolation double: A payoff to holders of daily-double tickets combining the winning horse in
the first race of the double with a scratched horse in the second half
To win the game by the required number of points; if such occurs you have
"covered the spread". In case of playing the underdog to lose by less than
D. C. Defensive Coordinator of a football team.
Daily double: Type of wager calling for the selection of winners of two consecutive horse
Dead heat: When two or more horses or dogs finish in a tie.
Degenerate: Compulsive gambler.
Disqualification: Change in order of finish by officials for infraction of the rules
Distaff: Female horse
Dog: The underdog in any betting proposition.
Dog player: One who mostly plays the underdog.
Dollar bet or buck: A $100 wager.
Double bet: A wager for twice the size of one's usual wager; also known as "double pop"
or "doubling up".
Earn: Practical hold percentage
East coast line: Mainly used in hockey, which has a split-goal line e.g. - NY Rangers (1 - 1
½) favorite over the Vancouver Canucks as opposed to goal spread plus
moneyline (-1/2 -180).
Entry: Two or more horses with common ownership that are paired as a single betting
unit in a race.
Equivalent odds: Mutuel price that a horse or dog would pay on a $1 bet.
Even money: A wager in which no virgorish or juice is laid.
Exacta: A wager in which the first two finishers in a single race must be selected
in the exact order.
Exotic bet: In sports betting, any bet other than a straight bet, i.e., parlays,
teasers, if bets, reverses, round robin, round robin box reverses, etc.
In horse racing, any wager other than win, place or show.
FA: Free Agent
False favorite: Horse that is a race favorite despite being outclassed by other competition
in the field.
Favorite: Team or person that most likely to win the game, or that has the odds in
Field: The group of horses in a race
Field horse: Two or more starters running as a single betting unit, usually when there
are more starters than positions on the tote board. Also known as the "mutuel
Figure: Amount owned by or to a bookmaker.
Final 4: The remaining 4 teams in the NCAA basketball tournament.
Form: The performance expected according to how a team or horse looks on paper;
also, slang for the "Daily Racing Form".
Fractions: Intermediate times recorded in a race. For example, "quarter time" is the
recorded after the first quarter-mile, not the first 25% of the race.
Furlong: One-eighth of a mile.
Futures: Odds posted on the winners of various major sport championships in advance
of the event, including the Super Bowl, the World Series, the Stanley Cup
and the NBA championship.
In other words, bets placed on an event or outcome taking place some time in
the future, e.g., betting during the season on the Super Bowl winner.
Getting down: Making a wager.
Gross win: Win before expenses.
Handicapper: One who studies, rates and wagers on sporting events and/or races.
Handle: Total amounts of bets taken.
HC: Head Coach.
Hedge/hedging: Placing bets on the opposite side in order to cut losses or guarantee
winning a minimal amount of money.
Holding your own: Neither winning nor losing, just breaking even.
Hook: A half point added to point spreads (football and basketball only).
Also commonly said: "lost by the hook".
Home field advantage: Edge the home team is expected to have as a result of familiarity with the
arena and effect of travel on the visiting team.
Hot: One-eighth of a mile.
Hot game: A game which is drawing a lot of action on one side by knowledgeable
Hot tip: Information the bookmaker is not yet privy to.
If bets: Is a chain from 2 to 5 straight plays join by a condition.
There are two types: (1)SINGLE ACTION: where the player will have action on
the second straight bet if the first play WINS ONLY, and so on in the chain
of plays. (2)DOUBLE ACTION where the player will have action on the second
play only if the first play WINS, TIES OR THE GAME IS CANCELLED and so on in
the chain. Wherever is a lost, the bet stops there.
Amounts? 2nd has to be the same or lower amount than the 1st one.
In the money: A horse that finishes first, second or third
Inquiry: Reviewing a race to check into a possible rules infraction. If lodged by a
jockey, it is called an objection
ITW: Intertrack wagering
Juice: The bookmaker's commission, most often refers to the 11 to 10 football
bettors lay on straight wagers.
Also known as the vigorish.
Juvenile: Two-year-old horse
Lasix: Trade name for a medication used in the treatment of bleeders, which acts as
a diuretic. Often improves performance in horses that have bled in previous
Lay a price: Bet a favorite, lay the points
Laying the points: Betting on the favorite.
Line: The current odds or pointspread on a particular event.
Linemaker: The person who establishes the original and subsequent betting lines.
Listed pitchers (LP): Stating that you will place bet only if one or both of the pitchers
scheduled to start a baseball game actually start. If they don't, the bet is
Lock: Sure or easy winner.
Longshot: A team or horse that is unlikely to win. Large underdog
LY: Last Year
L2Y: Last two years (any number can be inserted in the middle to refer to the
number of years something has occurred)
Middle(S): To win both sides of the same betting proposition; betting the favorite team
at -1.5 with one bookmaker and then taking +3.5 with another bookmaker; the
game ends up with the favorite winning by exactly 3 points, you have then "middled
the game"; a favorite betting method of "Wise Guys".
Minus pool: In pari-mutuel wagering, when after the take is extracted, there is not
enough money left to pay winning patrons the minimum pay-out. The track must
then make up the difference
MLB: Major League Baseball
Money line: The amount you must bet on a favorite to win $100, or the amount you win on
an underdog if you bet $100. It can be used in any sport, but however wins
the game or event wins the bet.
Morning line: Probable odds on each horse in a race, as determined by the track
handicapper, who tries to gauge both the ability of the horse and the likely
final odds as determined by the bettors
Mutuel: Price paid on a winning pari-mutuel wager
Mutuel pool: Sum of the wagers on a race
MVP: Most Valuable Player. Leagues give MVP awards to the best regular- season
player and to the outstanding player in championship games or series
NBA: National Basketball Association
NCAA: National Collegiate Athletic Association
Neutral site: Arena, court, or field where neither side has a home field advantage
Newspaper line: The betting line which quite often appears in the daily newspapers; the
lines are only approximate and quite often totally inaccurate and
NFL: National Football League
NHL: National Hockey League
Nickel: A $500.00 wager.
NL: No Line
Odds on: Odds of less than even money
Oddsmaker: Same as a linemaker. The person who establishes the original and subsequent
Off the board: A game on which the bookmaker will not accept action, that is, no bets are
being accepted. The event already start.
On the nose: Betting on a horse to win only
OTB: Off-track betting, or wagering at legalized betting outlets, usually in
major cities. Wagering at these sites are usually commingled with on-track
Out: Bookmaker, usually refers to an illegal bookmaker
Out of the money: A horse that finishes worse than third
Outlaw line: An overnight line not used by casinos or offshore establishments.
Over/under: A bet on whether the combined total of the points/goals scored by the two
teams will exceed or be less than a reestablished number or runs
Overlay: When the odds on a proposition are in favor of the bettor rather than the
Pari mutuel: A form of wagering originated in 1865 by Frenchman Pierre Oller in which
all money bet is divided up among those who have winning tickets (after
taxes, takeout and other deductions are made). Oller called his system "parier
mutuel", meaning "betting among ourselves". As this wagering method was
adopted in England, it became known as "Paris mutuals," and soon after
Parlay: (1) A group from 2 to 8 teams in which the payouts increase as the number of
chosen teams increase. In order to win the parlay, all the chosen teams must
win. In case of a push, the parlay will revert to the next lower amount of
teams, paying the odds corresponding to a parlay of that amount of teams.
(2) A wager on two or more horseraces in which the winnings are carried over
to the next race.
Parlay cards: Wagers on a minimum of 3 and up to 15 propositions; the more you pick, the
higher the payoff.
Part wheel: Using a key horse or horses in different, but not all possible, exotic
Past performance: What has occurred previously to the forthcoming games.
Past post: To make a bet after an event has started
Photo: Short for photo finish, a result so close it is necessary to use the
finish-line camera to determine the order of finish
Pick/pick' em game: Neither team is favorite. Usually in basketball and Football. 0 point
spread, Whoever wins the game wins the bet
Pick #: A type of multi-race wager in which the winners of all the included races
must be selected. Pick 3 and Pick 9 are common wagers at many tracks. The
Pick 6 at jai-alai was often referred to as the "Super 6".
Place: Bet for a horse to get on second place.
Place bet: Wager on a horse to finish first or second
Player: Bettor, gambler
Pointspread: Only used in football and basketball. Is used to make the game even by
adding points to the score of the underdog or sustracting points from the
The "line"; the handicap, or head start that the favorite gives to the
underdog for betting purposes. The favorite must cover the point spread in
order to win the game. The underdog on the pointspread gets the same amount
of points is his advantage.
Post position: Number used to identify horse for betting purposes; may refer to spot in the
starting gate, but not always
PPG: Points per Game
Practical hold percentage: The amount won by a bookmaker divided by the total amount booked
Press: To bet a larger amount than usual.
Price: The odds (line) or pointspread.
Puckline: Mainly used on East Coast with hockey, giving odds of a goal spread instead
of Canadian Line where both a goal spread and moneyline is played.
Push: A tie. Neither side wins and all money is returned to the bettors.
Reverses: All possible combination of two team if bets, Double Action If Bets done in
both ways, with the chosen teams (from 2 to 6 teams).
Round robin: All possible combination of two team parlays with the chosen teams (from 3
to 6 teams).
Rundown: List of all the odds (lines), pointsreads, totals, money lines, etc. for a
Run line: (Combination of Run Spread with Money Line)
A line used when wagering on baseball. The favorite is minus the runs but
usually combined with a positive money line and the underdog is plus the
runs but the customer has to risk more to win less (negative money line)
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
Score: To win a lot of money
Scots: Person(s) who study team plays and/or practise and report findings to
Scratch: Withdraw; cancel.
Also, when a horse get injure.
Sharp: Wise guy
Show: Bet for a horse to get on third place.
Side: To win one side and tie the other. For example, if you lay -2 ½ and take 3
on the same game and the favorite wins by 3 you have SIDED the book. The
book has been SIDED
Single: Same as a straight bet
Smart money: Sides that are bet on by the more knowledgeable handicappers.
Special teasers: (Only in Basketball and Football for the whole game)
Type of teaser where the more teams that are chosen, the more points are
credited per team. A player can pick from 2 to 4 teams. All teams must cover
the teased spreads to win the teaser. When there is a push, the whole wager
is considerd a push, unless the push is accompanied by a loss in which case
the wager is a loss.
Sport player: A person who waits for what he thinks is an unusually strong wager.
Spread: Abbreviation for pointspread
Square: Unsophisticated gambler
Stanley cup: Championship of Hockey
Steam: Heavy action on one side.
When a betting line starts to move quite rapidly; most "steam games" do not
necessarily reflect the "right side," but are games that the mass of bettors
somehow decide to key on.
Store: A Bookie.
Straight bet: A bet on a team person or thing. 4 situations
Side: Favorite and underdog
Total: Over or Under a preestablished combined total.
SU/Straight up: Straight Up, or actual score of the game without counting the spread
Sucker bet: Bet with a large house edge
Super bowl: NFL Championship game
Taking/take a price: Wagering on the underdog; taking the odds.
Tapped out: Broke, busted, common result of pressing
Only in Basketball and Football for the whole game)
A group from 2 to 6 teams that adds points to the lines or totals in the
most convenient way for the player.
There are two types of teasers: Special Teasers (see special teasers) and
Vegas Teasers (see vegas teasers).
Theoretical hold percentage: The edge the bookmaker would have IF the odds guaranteed him a constant
commission regardless of the outcome
Toss up: Game where the line is close to pick ‘em
Totals: Total combined point/runs/goals scored in a game; In baseball, if either of
the two listed starting pitchers don't go the bet is automatically
Tout service: A business that sells its expertise on sporting events.
TY: This Year
Underdog: Team most likely to loose the game, or that the odds are against it.
Also refered to as "Dog".
Underlay: When the odds on a proposition are in favor of the house
Value: Getting the best odds on a betting proposition; the highest possible edge.
Vegas Teasers: (Only in Basketball and Football for the whole game)
This teaser combines the rules of a special teaser and a parlay. It is like
a teaser in the sense that it gives points, but regardless of the number of
teams chosen, it always gives the same number of points per team.
It's like a parlay in the sense that the more teams that are chosen, the
better the payout of the wager.
All teams most cover the teased spread to win the bet. With a push, the
teaser will revert to the next lower number of Vegas Teaser.
VIG'/Vigorish: The commission paid to the bookmaker. Juice.
Wager limit: Maximum bet accepted by the house before the price will be changed
Also the "cap" on what you can personally wager.
Win: Bet for a horse to get on first place.
Window: What some players say after winning a bet.
Wise guy: A well-informed or knowledgeable handicapper or bettor.
Wood: Laying points.
World series: Championship of Major League Baseball.