Sports betting terminology explained – Part 2

In 2015 the sports betting arena has become truly global. Nowadays when you log-on to your sports bookmaker of choice you can bet on pretty much anything. One market in particular that is growing in popularity is US based sports. Basketball, baseball, ice hockey, and American football markets are now all readily available. However, betting on US sports requires more than just luck. The following is Part 2 of our US sports terminology guide, and it should give you a heads-up with regards to what you are likely to see when you bet on US sports.

Nickel – Refers to a $500.

Nickel Line – A sports event odds or betting line that has a 5% commission attached.

No Action – The outcome of a sporting even that sees no money gained or lost.

Off the Board – A sporting event that a bookmaker is declining to offer a market on. The market may or may not be added on-site at a later date.

Outlaw Line – An exclusive betting line that only set online sports betting site members are given access to. Usually relates to a market that is fresh and untouched by the betting public at such point in time.

Over/Under – A bet based upon the total number of goals scored by the two teams featured in a game, with the bet either being under or over a certain threshold. For example, in a football match a common bet is “2 or more goals to be scored”.

Parlay – One of the most popular sports betting wagers in the United States, which involves betting on two or more teams where the winnings made from bet one role over onto bet two. Known as a double (or triple when it involves three teams) in the UK, all selections must “win” in order for the parlay to receive a payout. When a match game selected within a parlay is cancelled, the bet moves back one place to either a single (or double). For example, a triple-team parlay will become a two-team parlay.

Pick ‘em – A sporting event in which neither participating party is considered a favourite.

Pointspread – Another team for the “handicap” or in-game “head start”, which usually helps boost the underdog.

Press – To place a higher than average sized bet.

Prop Bet/Proposition Bet – A special bet that is offered on a unique, bizarre or controversial market. These events can cover everything from sports to politics and pretty much everything in-between. For example, the outcome of the Oscar Pistorious trial was promoted on several US betting sites.

Price – Another word for odds.

Puppy –Another term for an underdog.

Push – When a sporting event ends with no winner or loser for wagering reasons.

Round Robin – A bet involving three or more teams across several two-team parlays.

Run Down – The detailed listing that shows the sport, date, and time of a betting market.

Runline – Commonly found within baseball markets, stands for when a spread is used instead of a moneyline.

Runner – Someone who places bets for somebody else.

Scout – Someone who often bets late as they hold out for a stronger odds or a more appealing wager.

Sharp – Someone who gambles at a professional level.

Sides – The two teams or players involved in a sporting contest.

Spread – Another term for pointspread.

Square – A slang time for a sports betting novice.

Steam – When a betting line starts to move quicker than normal due to either game related or third party circumstances.

Store – An online bookmaker or betting establishment.

Straight Bet – A single bet on one horse, team, or athlete.

Ticket/Betslip – The part of the webpage that a wager features on prior to placement.

Tie – A wager that doesn’t result in any money lost or gained.

Total – The combined amount of goals or points accumulated during the course of a game.

Totals Bet – A proposition bet that is focused on the total ‘over’ score of a game.

Tout – An individual who sells his expertise in sports betting to other gamblers.

Underdog – The team or athlete that is considered least likely to win by a considerable margin.

Value – The act of getting the very best odds.

Wiseguy – A knowledgeable and well-informed sports bettor.

There you have it! From A all the way through to Z, you have now seen it all when it comes to US sports terminology. So, what are you waiting for? Take this knowledge and try your hand at betting on several of America’s favourite past times with confidence!