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Sportsbook Wagering Terms M-R

March Madness
The NCAA Men's Division I Basketball Championship.
Margin
The amount a competitor in an event finishes in front of another competitor.
Middle
To bet both sides of a game at different prices, with the hope of winning both wagers
MLB
Major League Baseball
MLS
Major League Soccer
MMA
Mix Martial Arts
Money line
odds expressed in terms of money. With money odds, whenever there is a minus (-) you lay that amount to win a hundred dollars, where there is a plus (+) you get that amount for every hundred dollars wagered.
Multi-Single
Are multiple single wagers placed at the same time
MVP
Most valuable player
NASCAR
The National Association for Stock Car Auto Racing
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
A sports line that appears in a daily newspaper
NFC
National Football Conference
NFL
National Football League
NHL
National Hockey League
Nickel
Slang for a $500 wager.
NIT
National Invitational Tournament
NL
National League (MLB)
NLCS
National League Championship Series
No action
A wager that is cancelled because the event didn't happen or certain conditions of the wager were not met.
Odds
The oddsmakers' prediction of the likelihood of a certain outcome of an event
Oddsmaker
A person who sets the betting odds and sells them to media outlets without taking action on them
Off the board
In sports betting this is a game on which the bookmaker will not accept action.
Offside
When action on an event is not balanced and the outcome could lead to a loss for the book.
Opening Line
The earliest line posted for a particular event.
Over
In sports gambling, the "over" is a sport's bet in which the bettor guesses that the combined point total of both teams will be above a specified total.
Overlay
When the odds on a proposition are in favor of the bettor rather than the house
Overtime (OT)
Extension to a tied contest at the end of regulation play that lasts until a winner is determined or maximum overtime periods expire.
Over/Under
A bet on whether the total points or goals scored by the two teams will be over or under a specified number
Parlay
In sports wagering, a bet with two or more teams in which all teams must win or cover for the bettor to win and receive higher payouts.
Past Post
Action placed after the start of the event.
PGA
Professional Golfers' Association
Pick 'Em
An event where there is no favorite.
Player
Bettor, punter or gambler
Point spread
Also, know as the handicap, it's the number of points or goals allotted to one the underdog or taken from the favorite to even the chances of winning for both sides.
Postponed
The cancellation and rescheduling of an event for another date for any reason
Power Ratings
The strength of a team in comparison to another team
Press
To place a larger wager than usual
Price
The moneyline or point spread
Prop (Proposition) Bet
A wager on an outcome that is not directly related to the final score. Prop bets are often on statistical totals for players or individual teams as well as on the outcomes of current events such as reality TV or elections.
Puckline
Odds of a goal spread instead of using a Canadian Line in hockey, where both a goal spread and money line are played.
Push
When the contest ends with no winner or loser for wagering purposes
Punter
Bettor, player or gambler
Quarter Line
A bet placed on a specific quarter of a basketball or football game.
Rain out
A game that is cancelled due to bad weather
Referee
A person who has authority to make decisions about play in a sport Officials in some sports are known by a variety of other titles, including umpire, judge or linesman.
Return
The total amount you are paid on a winning wager.
Reverse
When you place a reverse bet, two 'If' bets are placed for you one in the original order and the other in reverse order.
Round Robin
In sports betting this a series of three or more teams in 2-team parlays
Run down
In sports gambling this is all the lines for an specific date, sport, time, etc.
Run line
Is baseball's version of a point spread.
Ryder Cup
A golf tournament involving various match play matches in which every two years the top American and European golfers meet at venues alternating between the two continents. It was first competed for in 1927 and, until 1973, when Ireland was included, involved only the US and Great Britain. In 1979, it was expanded to include Europe.
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