WORLD SPORTS BETTING DICTIONARY
According to SPORTS PRICES INTERNATIONAL
Accumulator - (European) A bet that consists of four or more selections, all of which must win for the wager to be successful.
Across the Board - (American) Method of wagering on a horse to win, place and show.
Action - Gamble / Bet
All In - A betting proposition were no refunds are given for scratchings or withdrawals.
All Up - A bet were the stake and winnings of one bet are placed on another bet this can occur two or more times.
Anchor- Using a key horse, team or competitor in different, but not all possible, exotic wagering combinations.
Ante Post -(European) see "futures"
Apprentice - Jockey who has not ridden a certain number of winners in a specified period of time.
Back - To place a bet.
Bad Beat - Tough betting loss.
Banker - A bettors strong selection, often taken in a number of different combinations.
Bankroll - Amount of money for gambling / betting.
Beard - (American) see "Bowler".
Beef - (American) see "Blue"
Bet - Risk one's money against another's on the result of event.
Bet Back - Wager made by one bookie to another to balance his action.
Betting In the Run - To keep betting on a event after it has started, through to its completion or until the result becomes too obvious.
Betting Shop - An establishment that accepts wagers on the out come of horse racing, sporting events and just about anything.
Blue - Dispute over a wager.
Board - Where betting odds, pools and other information is displayed.
Boat Race - see "one goer"
Book - see "Betting Shop".
Bookie - Person who takes bets from clients.
Bookmaker - see "bookie"
Box - A combination bet whereby all possible numeric combinations are covered.
Bowler -(Australian) A friend or acquaintance or other contact who is used to place bets so that the bookmaker will not know the identity of the actual bettor. Many professional punters and persons occupying sensitive positions use this method of wagering.
B.R.- (American) see "Bankroll".
Buck - (American) $100 wager.
Buck - (Australian) $1
Buy - (American) A punter pays an additional price to receive half a point or more in his favor on a point spread game.
Cadger - (Australian) Description given to a punter who continually asks for better prices / odds that are currently on offer.
Call - A running commentary of the position of horses in a race at various points.
Canadian - (European) A bet consisting of 26 bets with five selections in different events. The bet breakdown is 10 doubles, 10 trebles, 5 four multi, one 5 multi.
Canadian Line - (American) A combination point spread and money line in hockey.
Cast - (Australian) Broke, busted, out of money.
Chalk - (American) A favorite.
Circle Game - (American) A game in which the betting action is limited: usually occurs in games that feature key injuries, inclement weather or unsubstantiated rumors regarding teams and players.
Claim - Amount of weight deducted by an apprentice jockey according to the number of winners ridden in a period of time.
Correct Score - A bet that involves correctly predicting the final score of a game.
Correct Weight - Declaration of official finishing positions.
Cowboy - Jockey with little ability.
Cover - Win by more than the points line or spread. If such occurs you have "covered the spread or line".
Daily Double - (American) Type of wager calling for the winner of two consecutive races. Australians call this a Running Double.
Daily Double - (Australian) Type or wager calling for the winner of two pre determined races.
Dead Heat - Race in which two or more competitors finish exactly even.
Degenerate - (American) see "Desperate".
Desperate - (Australian) Compulsive gambler.
Dime - (American) $1000
Disqualification - Change in order of finish by officials for infraction of the rules. (Often occurs after correct weight has been given)
Dividend - Winnings or odds described in $ terms. Usually displays $ stake.
Dog - (American) The underdog or outsider in a betting proposition. The team perceived most likely to lose.
Double - Betting on two propositions both must win to collect.
Double Result - (European) see "Half Time / Full Time"
Drift - When the odds on a team, horse or competitor lengthen.
Each Way - To bet an amount to finish first and an amount to finish a place. The amount of place positions and place odds are determined by the individual conditions of each event.
Earn - Practical hold percentage. Bookie's earn - percentage in the bookie's favor.
Edge - An advantage.
Equal Favorites -Betting proposition where two or more competitors are equal odds and favorites.
Even Money - Odds of 1 to 1
Exacta - A wager in which first and second finishers must be selected in the exact order.
Exotic Bet - Any bet other that a straight out bet.
Exposure - Amount of money a bookie or punter stand to lose on a bet.
False Favorite - Team, horse or competitor who is favorite despite popular opinion of being outclassed by others in the event.
Favorite - Team, horse or competitor most likely to win as determined by the odds.
Figure - Amount of money owed by or to a bookie.
Field - The group of horses in a race.
First Goal scorer - A bet placed on a player to score the first goal in a game.
First Try scorer - A bet placed on the player to score the first try in a game.
Fixed Odds - Unchangeable odds at the time of wager.
Flat Line - Point betting were no half point is added. i.e. 3 flat, if the favorite wins by 3 then bets push.
Fold - (European) When preceded by a number, a fold indicates the number of selections in an accumulator. An 8-fold would be an accumulator with 8 selections, all of which must win for the wager to be successful.
Forecast - (European) A bet that involves correctly predicting the first and second in a particular event. This wager can be reversed or permed.
Form - The performance expected according to how a team, horse or competitor looks on paper.Tabliod used for horse racing.
Fraction - A calculated form of betting with odds were the bettor obtains an advantage when betting to a specified amount usually in multiples of 1000$ i.e. $160 at 6/1 win 960 becomes 1000.
Furlong - One eighth of a mile.
Futures - Odds posted on major sporting events well in advance of the event. Bets placed on the outcome of a event in the future.
Getting Down - (American) Making a wager.
Goliath - (European) A goliath is a multiple consisting of 247 bets involving 8 selections in different events. The bet breakdown is 28 doubles, 56 trebles, 70x4-folds, 56x5-folds, 28x6-folds, 8x7-folds and one 8-fold.
Good Thing - (Australian) A description of a sure winner
Grand - $1000
Gross Win - Win before expenses.
Half Face Value - "Half Face Value of Ticket" is paid in a betting proposition when no draw is quoted and two contestants dead heat for first, second or third. (i.e. 100 to win 200 face value of ticket is 300. half face value = 150)
Half Time / Full Time - A bet that involves correctly predicting the result of a game at both half time and full time.
Half Time Result - A wager that involves correctly predicting the result of a game at half time.
Handicap - A method used by bookmakers to make a one sided event become a more attractive betting proposition, also know as a point spread.
Handicapper - (American) One who studies, rates and wagers on sporting events and or horse races.
Handicapper - (Australian) Official who determines the weight a horse will carry in a thoroughbred race.
Handle - (American) Total amount of bets taken.
Head To Head - betting odds quoted for a two result betting proposition.
Hedging - Placing bets on the opposite side in order to reduce losses or guarantee a minimum amount of winnings.
Heinz - (European) A multiple consisting of 57 bets involving 6 selections in different events. The bet breakdown is 15 doubles, 20 trebles, 15x4-fold, 6x5-folds and one 6-fold.
Home Ground Advantage - Advantage the home team is expected to have as a result of familiarity with playing arena and effect of travel.
Hook - (American) The half point added to points betting lines.
Hoops - Basketball.
Hot Go - (Australian) Heavy action on one horse or team.
Index - Form of betting were the amount wagered is multiplied by the number of points a team or competitor wins or loses by.
In The Money - A horse that finishes first, second or third. Description of a winning bet or winning punter.
Inquiry - Reviewing a race or sports event to check into possible rules infraction.
Joint Favorites - see "equal favorites"
Jolly - (European) A favorite.
Juice - (American) The commissions in favor of the bookmaker.
Knock Taker / Knocky - (Australian) Punter or bookie who doesn't pay.
Lay a Price - (American) Bet a favorite, lay the points.
Laying It On - (Australian) Taking a bet at odds on / less than even money.
Layoff - Wager made by one bookie to another to balance his action.
Limit - Maximum bet accepted by the bookie before the price / odds will change. The amount of credit a punter / client is given by a bookie.
Line - The current odds or point spread on a particular event.
Line maker - The person who establishes the original betting odds and point spreads.
Listed Pitcher - Bet placed only if one or both baseball pitchers scheduled to start a game actually start. If they don't the bet is canceled
Lock - (American) Sure or easy winner.
Long shot - A team, horse or competitor that is unlikely to win according to the odds.
Locked In - (Australian) Committed to a bet. Locked In to a profit ; can't lose a bet no matter what the result.
Mail - (Australian) A selection of betting tips, opinions and information from a knowledgeable source.
Market - (Australian) The betting odds or line points spread.
Middle - Betting both sides of the same game with the intention of winning both bets. i.e. betting the favorite team at -1.5 points with one bookmaker and then betting +3.5 points with another bookmaker; the game results ends with the favorite winning by exactly 3 points, you have then "middled the game".
Money Line - (American) Odds expressed in terms of money. i.e. 110 to win 100
Monkey - (Australian) $500
Mug - (Australian) Punter with little ability
Multi - (Australian) A description of a bet were there are two or more different betting propositions that must win to collect, all winnings are carried over to the next event. Also can refer to a very wealthy person.
Mush - (American) Punter who is a bad luck charm.
MVP - Most Valuable Player.
Nap Bet - Best bet of the day.
Neutral Site - Two teams playing away from home.
Nickel - (American) $500
Odds Against - Odds greater than even money. A bet where your stake is less than the amount you expect to win.
Odds On - Odds of less than even money. A bet where you have to stake more than the amount you expect to profit by.
Oddsmaker - Same as a line maker. The person who establishes the original and subsequent betting lines and odds.
Off The Board - A game on which the bookmaker will not accept action, due to injuries, weather or an unusual amount of large bets.
One Goer / Oney - (Australian) A insinuation that a winning horse, team or competitor had illegal help to win.
On The Nose - Betting to win only.
Off Track Betting - Betting with legalized betting outlets away from the race track were the the race is being held.
Outsider - The underdog in a betting proposition.
Over Lay - When the bookmaker has bet over a period of time in favor of the punter and not the house.
Over the Line - Description of a sure bet.
Over / Under - A bet on whether the combined total of the points / goals scored by two teams will exceed or be less than a specified number.
Paper Line - The betting line / odds which quite often appears in the daily newspapers, the lines are only approximate and quite often totally inaccurate and misleading.
Paper Odds - see "Paper Line"
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.) This system was called "parier mutuel" meaning "betting among ourselves".
Past The Post - (Australian) A description of a sure winner.
Past Post - (American) To make a bet after an event has started.
Parlay - (American) Bet with multiple teams where all must win for punter to win.
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' - A game with no favorite, an even match-up.
Place - (American) Bet for a horse to get on second place
Place Bet - (American) Bet to finish first or second.
Place Bet - (Australian) Bet to finish first, second or third and in golf tournaments sometimes to finish fourth or fifth.
Player - Bettor, punter, gambler, competitor.
Point Spread - Used in football and basketball to make the game even by adding points to the score of the outsider / underdog or subtracting points from the favorite.
Pony - (Australian) $25
Performance Bets - Form of index betting when an artificial point scale is used to measure the outcome of a sporting event.
Pre Post - Odds / Line at the start of a event.
Press - To bet a larger amount that usual.
Price - The odds (line) or point spread.
Pro' - Short for professional.
Protest - An objection lounged against a competitor for infraction of the rules.
Punt - To bet.
Punter - Description given to bettors, gamblers and bookie's clients. The main man.
Puppy - (American) Underdog.
Push - Tie, neither side wins and all money is returned to the punter except in the case of "half face value of ticket".
Quaddie - Type of wager calling for the winner of four pre determined events.
Quinella - A wager were first and second must be selected in any order.
Quote - To be given the price on a betting proposition.
Round Robin - (American) All possible combinations of two team parlays with the chosen teams (from 3 to 6 teams)
Rotten Egg - (Australian) Punter who has a history of not paying his debts.
Rundown - Updates of all odds, lines, point spreads and scores.
Runner - One who places bets or gathers betting information for another.
Running Double - Type of wager to pick the winner of two consecutive races.
Scalper - (American) One who attempts to profit from the difference in odds from one book to the next by betting both sides of the same game at different prices.
Scalper - (Australian) One who attempts to make a profit by selling sports event tickets at a higher amount than the official price. The more popular the event the bigger the mark up.
Score - A big betting win.
Scratch - To start from zero.
Scratched - Withdrawn, cancel. A horse is scratched from a race / withdrawn
Sharp - (American) see "wise guy".
Show - (American) Bet a horse to get on third place.
Shout - To make a bet.
Single - see "straight bet"
Smart Money - Money that is bet by the more knowledgeable punters.
Smarty - Established and successful punter.
S.P. - (Australian) Abbreviation for "starting price". Sometimes referring to an illegal bookmaker i.e. S.P. Bookie
Spread - Abbreviation for point spread
Square - Unsophisticated gambler.
Starting Price - The price / odds of a horse, team or competitor an the start of the event.
Steam - (American) Heavy action on one side.
Straight Bet - (American) A bet on just one team or horse.
Straight Out - A bet to win only.
Stop Loss -(and stop profit) Used in index betting to seal your calculated loses on a betting proposition. i.e. rugby league stop loss 40 - you can only win or lose 40 times your stake.
Supremacy Index - Form of index betting revolving around the total number of runs, goals, points, or shots scored or played.
Sucker Bet - Bets with a large house edge.
Take a Price - (American) Wagering on the underdog; taking the odds.
Take the Price - (Australian) Taking the fixed odds on offer.
Tapped Out - (American) Broke from gambling.
Teasers - (American) A wager combining two or more games together and giving the punter a fixed number of additional points in his favor.
Tic Tac - The sign lanuage that was used by bookmakers to relay odds to each other on course.
Tip - Knowledgeable advice as to the probable winner of a event.
Toss Up - see "pick em' "
Totals - see "Over / Under".
Tote Odds - The dividend converted to odds returned by a pari mutuel betting system.
Tout Service - A business that sells opinions and information on sporting events.
Tray - (Australian) $300
Treble - A bet consisting of three selections, all of which must win for the wager to be successful.
Trifecta - Betting proposition in which first, second and third must be picked in correct order. This bet is often boxed.
Turn Over - Total amount of bets wagered with a bookie.
Two and Three Ball - Golf betting that involves predicting a player from a group of two or three to score the lowest over 18 holes.
Under Dog - The outsider in a betting proposition.
Value - Getting the best odds on a betting proposition; the highest possible edge.
Vig / Vigorish - (American) see "juice".
Wager - see "bet".
Win - Bet to finish in first place.
Wise Guy - (American) see "smarty"
Wooden Spoon - A betting proposition in which it is required to pick the team which finish last in a competition at the end of the home and away season.
72 Hole Match Bets - A wager where two golfers are matched against one another usually at pick em' odds, with the winner being the player who shoots the lowest score over the tournament.
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