Action | A bet or wager on an event |
Agent | A go-between of the player and the bookmaker. |
ATS | Short for Against The Spread. |
Back Door | When a team comes back to cover the spread when it seemed unlikely |
Bad Beat | When you lsoe a wager that you thought you had won |
Bank Roll | Your wagreing budget |
Beard | A person who places bets for another person |
Bet | A wager |
Bookie | A shortened term for the Bookmaker. Also known as the House |
Chalk | A term used to describe a point spread favorite |
Choke Job | Losing a wager you thought you had won |
Cover | Winning a point spread wager |
Dime | Betting lingo for $1000 |
Dip | Another term for a Teaser wager |
Dog | Short for a point spread Underdog |
Dollar | Betting lingo for $100 |
Even Money | A wager where you win your stake and no commission is taken |
Figure | How much you are owed or owe the book maker |
Handicapper | A person who offers betting advice for fee |
Hedge | Placing a wager on the opposite side of a previous wager to prevent a loss |
Juice | The commission paid to the book maker on a losing bet |
Limit | The minimum or maximum wager a book maker will accept |
Lock | A term used for a wager that seemingly can’t lose |
Middle | Placing wagers on opposite sides of the same game to ensure a profit regardless of outcome. Also know as a scalp |
Nickel | Betting lingo for $500 |
Off The Board | A contest in which there is no betting line available |
Parlay | A single wager in which two are more teams are bet. In order for the wager to win, all the teams need to cover their point spreads |
Past Post | Placing a wager after an event has already begun |
Point Spread | The betting lines a book maker assigns to an event |
Push | Neither a win or a loss. A tie |
Runner | A person who places bets for another person |
Scalp | Placing wagers on opposite sides of the same game to ensure a profit regardless of outcome. Also know as a middle |
Sharp | A successful or professional bettor |
Square | An amateur bettor |
Steam | When large sums are wagered on a specific bet in a short period of time |
Teaser | A single wager on multiple teams where you are given “points” to adjust the odds of an event based on the number of teams involved |
Tout | Another term for Handicapper |
Wager | Another term for a Bet |
Wise Guy | Another term for a Sharp or professional bettor |
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