| 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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