Sports betting terminology explained – Part 1
US sports betting may seem like a complicated field from the outside looking in, but in reality it is actually anything but. All it takes to adapt to the field is a little bit of luck and the knowledge to read what’s in front of you. For the former I am afraid we can’t help you, but with the later we definitely can. The following is the first part of our US sports terminology guide, covering letters A through to L
Across the Board – Betting on a horse to show, place, or win during any given race.
Action – A common baseball wager term, while it also relates to the number of bets taken during a US sporting event.
Bad Beat – A bet that loses in surprising circumstances.
Beard – A friend or third-party that is used to place wagers in the place of the original bettor, more often that not to hide the latters identity.
Book/Sportsbook – The establishment or company that takes bets on sports events.
Bookie/Bookmaker – An individual person who takes bets on sports events.
Buck – Refers to a $100 value.
Canadian Line – Considered a moneyline-pointspread combination, commonly used in ice hockey markets.
Chalk – The favourite during a sporting event.
Chalk Player – A bettor who chooses to back only the favourite teams and seldom backs an underdog, sometimes known as “Chalkeater”.
Circled Game – A special event when a game features restricted limits due to pre-game injuries.
Dead Heat – Term to describe when a horse race ends in a two-way tie.
Dime – Refers to a $1,000 value.
Dog – Short term for an “underdog”.
Dog Player – A player who backs the underdog more often than not.
Dollar – Refers to a $100 value.
Double Action – An “if bet” that is settled through a void, tie, or win outcome.
Double Bet – A bet that is twice the size of a player’s standard wager, also known as “doubling up” or in some cases a “double pop”.
Edge – The player’s advantage during any wager while sports betting.
Exotic – A wager that features outside of standard betting markets, also known as a “proposition bet” or “prop bet”.
Exposure – The amount of money an online sportsbook provider stands to lose on any given event.
Favourite – The team or player that is expected to win a sporting event. A favourite will be determined by having shorter odds than the opposing team or player.
Fifty Cents – Refers to a $50 value, also known as a “Half-a-Dollar”.
Figure – The amount of money owed to a bookmaker by a punter.
Final Four – A major betting event in the United States, with the final four referencing the final four teams in the NCAA college basketball tournament.
First Half Bet – A bet that relates to the outcome of the first half of a game.
Futures – A bet placed on a sporting event that is set to occur in the future (i.e. betting on the SuperBowl outcome before the teams involved are determined).
Getting Down – The act of placing a bet.
Grand Salami – A specialist bet that is focused around picking the total goals scored across a single day of ice hockey games. Bettors can chosse to pick a specific number or go over/under.
Half Time Bet – A bet that relates to the outcome of the second half of a game.
Handicapper – An individual who studies sporting events and rates the potential outcomes.
Handicapping – The act of predicting the outcome of a sporting event based off of research and scouting knowledge.
Handle – The amount of money bet on a particular sporting event or group of sporting events.
Hedging – Placing bets on the opposite sides of an event outcome in an attempt to either reduce totals loses or ensure a small amount of winnings.
Hot Game – A sporting event that is drawing a large amount of bets or punter interest.
Juice – Slang term for the amount commission some bookmakers earn on the bets they take.
Layoff – The act of a bookmaker making bets with another bookmaker to help lower the level of liability.
Limit – The max amount that a bookmaker will take on a sporting event before it start to impact and alter the betting odds.
Lines – An alternate word for odds.
Linemaker – The individual who sets the betting odds, sometimes listed as an “odds maker”.
Lock – A term for the overwhelming favourite.
Longshot – A sport event participant that doesn’t have much chance of winning.
The following has looked at the most commonly used US sports terminology, specifically A through L. But that isn’t all, as more help is on the way. Stand by as Part 2 of our US sports terminology guide, looking at N through Z, is coming up!