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Glossary of Bookies Terminology

10 Cent Line
The money line difference (10 cents) between what a bettor would lay with the favorite or take back with the underdog; also called "Dime Line"; related - "20 Cent Line"
Across the Board
A method of wagering on a horse to win, place and show
Action
A wager of any kind
Bad Beat
Tough loss
Beard
Messenger bettor
Buck
$100
Chalk
Favorite
Circled Game
A game where action is limited due to uncertainties about injuries, weather, etc.
Cover
Win by more than the pointspread
Dead Heat
When two horses finish in a tie
Dime
$1000
Dime Line
Slang used to designate the 10 cent money line. The money line difference (10 cents) between what a bettor would lay with the favorite or take back with the underdog; also called "10 Cent Line"
Dog
Underdog
Dollar
$100
 
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Edge
Advantage
Even Money
A wager on which neither side lays any odds or vigorish
Exotic Bet
Action other than a straight bet or parlay
Exposure
The amount of money one actually stands to lose on a game or race
Favorite
The contestant in any given contest that is considered the most talented, or has the best chance to win the contest
Final Four
Final four teams in the NCAA basketball tournament
Firing
Betting a lot; a player who is "firing" is wagering large sums
Foots
Football
Futures
Wagers made, or lines/odds posted on an event or outcome taking place some time in the future, e.g. betting during the season on the SuperBowl winner
Get Down
Make a bet
Grand Slam
The four major tennis tournaments: Wimbledon, Australian Open, French Open, U.S. Open. Also the four major golf tournaments: The Masters, U.S. Open, British Open, PGA Championship. Also in baseball, a homerun with the bases loaded, scoring four runs.
Grand Salami
A slang word for the over/under total for the combined score of all the hockey contests on the schedule for that day
 
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Halftime Line
A line on only the first half, or only the second half scoring of a football or basketball game
Handicapper
One who studies sports and predicts outcomes
Hedge
Bet the opposite of your original wager in order to reduce the amount of exposure you have on a game
Hook
Half point in pointspreads
Hoops
Basketball
Home Field Advantage
Edge the home team is expected to have as a result of familiarity with the playing area, favorable demographics and effect of travel on the visiting team
Hot Tip
Information the bookmaker is not yet aware of
Juice
Bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers; also called "Vigorish"
Lay the Points
A wager on a favorite in a pointspread contest
Lay The Price
A wager on a favorite in a moneyline contest
Limit
Maximum bet accepted by the house before the price will be changed
Line
The moneyline, odds, or pointspread of any given contest
Listed Pitcher (LP)
The pitcher or pitchers listed by Las Vegas oddsmakers as probable starting pitchers for a scheduled baseball game
Lock
Easy winner
Longshot
Large underdog
 
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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"
Moneyline
The amount you must bet to win 100 or the amount you 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
A bet on whether the combined total of the points/goals scored by the two teams will exceed or be less than a specified number
Overlay
When the odds on a proposition are in favor of the bettor rather than the house
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
Penny Line
A money line that is adjusted in increments of a penny, or one cent at a time
Pick or Pick'em
A game where neither team is favored
Player
Bettor, gambler
Pointspread
The handicap, or head start, which the favorite gives to the underdog for betting purposes
 
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Press
To bet a larger amount than usual
Price
The moneyline odds on the favorite of a given match
Pucks
Hockey
Puppy
Underdog
Push
A tie between the bettor and the bookmaker that is the result of the score of an event falling exactly on the pointspread number, or the total points number
Rain Out
A contest that has been canceled because of bad weather
Round Robin
A series of parlays. A three-team round robin consists of one three-team parlay and three two-team parlays
Rundown
Line update
Runner
Messenger bettor; also called "Beard"
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
Scratch
Withdraw; cancel
Sharp
Wise guy
Side
To win one side and tie the other; for example, if you lay -2 1/2 and take 3 on the same game and the favorite wins by 3 you have sided the book; the book has been "Sided"
Side Bet/Side Wager
A wager on a particular team, or side, to win a contest
Soft Line
A wagering line that is not current with the true posted line; a line that has been adjusted or moved as a result of action and does not reflect the true line as posted
Spread
An abbreviated form of "Pointspread"
 
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Steam
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
Straight Bet
A single wager on a selected side or over/under
Sudden Death
An overtime period in which the first contestant to score is declared the winner of the contest
Take a Price
A wager on the underdog in a moneyline contest
Take the Points
A wager on the underdog in a pointspread contest
Teaser
A bet on 2 or more teams where the line on each team is adjusted in the favor of the bettor; like a Parlay, all selections must be correct for the teaser to win
The Big Dance
The 64 team, post season college basketball championship tournament
Toss Up
Game where the line is close to pick-em
Total
The line on a given contest, representing the combined number of points/goals scored by the two teams; see "Over/Under"
Tout Service
A business that sells opinions on sporting events
Underdog
The contestant in any given contest that is considered the least talented, or has the least chance to win the contest
Underlay
When the odds on a proposition are in favor of the house
Value
An overlay
Vigorish
Bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers; also called "Juice"
Wise Guy
Established and successful sports bettor
 
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