Betting terms explained

ActionA bet or wager on an event
AgentA go-between of the player and the bookmaker.
ATSShort for Against The Spread.
Back DoorWhen a team comes back to cover the spread when it seemed unlikely
Bad BeatWhen you lsoe a wager that you thought you had won
Bank RollYour wagreing budget
BeardA person who places bets for another person
BetA wager
BookieA shortened term for the Bookmaker. Also known as the House
ChalkA term used to describe a point spread favorite
Choke JobLosing a wager you thought you had won
CoverWinning a point spread wager
DimeBetting lingo for $1000
DipAnother term for a Teaser wager
DogShort for a point spread Underdog
DollarBetting lingo for $100
Even MoneyA wager where you win your stake and no commission is taken
FigureHow much you are owed or owe the book maker
HandicapperA person who offers betting advice for fee
HedgePlacing a wager on the opposite side of a previous wager to prevent a loss
JuiceThe commission paid to the book maker on a losing bet
LimitThe minimum or maximum wager a book maker will accept
LockA term used for a wager that seemingly can’t lose
MiddlePlacing wagers on opposite sides of the same game to ensure a profit regardless of outcome. Also know as a scalp
NickelBetting lingo for $500
Off The BoardA contest in which there is no betting line available
ParlayA 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 PostPlacing a wager after an event has already begun
Point SpreadThe betting lines a book maker assigns to an event
PushNeither a win or a loss. A tie
RunnerA person who places bets for another person
ScalpPlacing wagers on opposite sides of the same game to ensure a profit regardless of outcome. Also know as a middle
SharpA successful or professional bettor
SquareAn amateur bettor
SteamWhen large sums are wagered on a specific bet in a short period of time
TeaserA single wager on multiple teams where you are given “points” to adjust the odds of an event based on the number of teams involved
ToutAnother term for Handicapper
WagerAnother term for a Bet
Wise GuyAnother term for a Sharp or professional bettor