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Sportsbook Wagering Terms
- Accumulator
- This is another term for parlay
- Action
- A valid Wager or bet. If a bet has action, it is a valid bet that will either win or lose. In Baseball a bettor can chose 'Action' meaning that it doesn't matter if the listed pitchers throw out the first pitch the wager will still be good. For an 'If' bet, action means that the wager continues on to the second bet if the first bet wins, ties, or if the game is canceled.
- Added Game
- An added game is one that is not part of the regular Las Vegas rotation. Added games usually involve smaller schools, where handicapping information is harder to obtain. Due to the lack of information, most bookmakers will 'Circle' the game to offset the lack of information.
- Advantage
- Also known as the edge, juice or vigorish. A bookmaker’s commission.
- AFC
- American Football Conference (NFL)
- AL
- American League (MLB)
- ALCS
- American League Championship Series (MLB)
- All-In
- With all-in betting there are no refunds given for scratched or withdrawn competitors or teams in an event where a bet is placed. Should an event be cancelled then the amount bet will be refunded.
- All-up
- Also known as an Accumulator or Parlay.
- Ante Post
- Another term for future wagers. This is a bet that is placed in advance predicting the outcome of a future event. Bets are normally taken on the understanding that if the selection does not take part in the event the wager is lost.
- ATS
- Against the Spread or ATS refers to a bet involving the point spread instead of the actual result of the game.
- Australian Open
- One of the four grand slams of tennis. The tournament takes place in Melbourne Park.
- Back Door Cover
- When a team, usually out of the game, scores meaningless points to cover the spread; sometimes called a matador.
- Bad Beat
- A rough, unexpected, undeserved loss, a bad beat is often a result of an opponent's Back Door Cover.
- Banker
- Highly expected to win - the favourite of favourites.
- Bankroll
- The funds you have available for wagering. Indicates how much credit there is in a bettor’s sportsbook account.
- Beard
- Is a friend or partner of a sports bettor who places bets on behalf of the sports bettor to conceal the identity of the bettor.
- Bet
- To risk money on the outcome of an event.
- Bet Limit
- The maximum amount that can be placed on a particular event. Often books, after accepting the bet limit from a client, will adjust the lines in the books' favor and allow the client to exceed the limit.
- Bettor
- Is someone who places or has a bet. Often called a 'Punter' in the UK.
- Betting line
- A priced wager of any kind. Essentially, a betting opportunity.
- Board
- List of available bets
- Book
- A book is a person or company that accepts wagers. An establishment that accepts bets on Sports or/and horseracing
- Bookie
- Is a slang term for Book or Bookmaker
- Bookmaker
- See Book. The person that creates odds for people to bet on. A bookmaker is licensed to accept bets/wagers.
- Buck
- Sports betting slang for a $100 wager
- Buy (Points)
- It is when a bettor will pay a premium to have the point spread move in his favor. Also known as moving the line.
- Canadian Line
- the Canadian line is a combination spread and moneyline wager in hockey.
- Chalk
- Is a slang term for the favorite.
- Chalk Player
- Is a sports gambler who mainly bets on the favorite and rarely bets on the underdog.
- Circled game
- A circled game is a game that has lowered betting maximums and few betting options. Common reasons a game could be circled are inclement weather, an injury to a key player or rumors about a trade involving one of the teams.
- Closing Line
- The final list of point spreads offered before game time.
- Cover
- Is when a team wins on the point spread.
- Cross Sport Parlay
- Is a parlay that involves games from more than one league or sport.
- Dead-heat
- Two or more runners that are considered to have finished the race together, i.e. the judge cannot separate them even after seeing the photo finish print. In a DEAD HEAT the stake money on a selection is divided by the number of runners involved in the dead heat. The full odds are then paid to the divided stake with the remainder of the wagered amount being lost.
- Dime
- Is sports betting slang term for a $1000 wager.
- Dime Line
- A 10-cent line offered by player-friendly books on baseball in place of the otherwise standard 20-cent line, this giving the player an extra $10 on every underdog-winning wager.
- Dog
- Slang for underdog
- Dog Player
- A dog player is one who usually bets on the underdog and rarely bets on the favorite.
- Dollar
- Like 'Buck' it's a slang for a $100 wager
- Double action
- An "if bet" in sports betting that is processed if the precedent bet wins, ties or cancels.
- Double Bet
- A double bet is a wager for twice the size of one's usual bet, also known as "double pop" or "doubling up."
- Double Header
- Two separate games played by the same teams on the same day.
