From A to Z, Here’s Our Full Sports Betting Glossary:
Action: Placing a wager on a game. Once your bet is placed, you have action.
Added game: An additional wagering option that wasn't on the original schedule, usually a game that has been rescheduled or a game between teams that isn't available for wagering on other sites.
Book: The brick-and-mortar location for sports betting (i.e., a sportsbook), or the online company or web app a player uses to make a bet. Also, as a verb, book is the action of taking a wager (booking a bet).
Buy: Increasing your chances by "buying" an extra half-point in your favor in trade for a slight increase in the moneyline, usually from 11/10 odds to 12/10.
Chalk: The favorite in any sports event, usually the superior team.
Cover: The team that wins against a point spread, whether by exceeding it as a favorite or staying with the margin as an underdog, is said to "cover" the spread.
Dime: A "dime" line is a 10-cent difference (per dollar) between favorite and underdog. A standard baseball moneyline.
Dog: Short for underdog.
Favorite: Generally, the team perceived to have a better chance to win a game.
Bookmakers will assign a point spread to a favored team that must be surpassed, or a moneyline where a player must lay additional odds.
First-half bet: A point-spread or total line for only the first half of a game.
Future: A wager involving a future sporting event (often for a league championship).
Halftime bet: A point-spread or total line for only the second half of a game. Note: Overtime scoring is also considered part of a second-half wager.
Handle: Amount of money wagered on an event.
Hold: The amount of money, usually designated by percentage, the house earns by dividing the gross winnings by the gross amount wagered.
Juice: Also "vig" or "vigorish," the juice is the amount the sportsbook charges to take a bet, usually 10 cents on the dollar. The vig is returned on winning bets.
Laying the points/price: Betting on a favorite to surpass the assigned point spread or paying a higher moneyline.
Limit: The maximum amount you can bet on a particular game or event. Varies by sport and significance of game.
Line: The point spread between teams, or price for a moneyline play. (i.e., "the latest line is Green Bay -6 points.")
Listed pitchers: A baseball bet in which both starting pitchers are "listed" and must start the game for any placed bet to become action.
Run line: A baseball wager in the favored team must win by more than 1.5 runs, or the underdog team can lose by a run and still be the winning side. Moneyline odds are adjusted to create a better payouts for the favored team to account for the run differential.
Middle: When a player has a bet on each side of a game, but because of a fluctuation in point spread or other factors, there's a possibility for him to win both wagers. Example: A player might have a three-team parlay where the final leg involves a six-point favorite. However, bettors had since placed enough action on that side that the point spread moved to 8 points. The player can then bet on the other team to win with +8 points and be guaranteed to win one of the bets, but if the favored team wins by seven, he will collect on both bets and "middle" the game.
Moneyline: A dollar-value wager placed on a sporting event where a point spread is usually not assessed. Values are represented by a plus or minus sign and based on betting units of 100.
Nickel: A "nickel" line is a 5-cent difference (per dollar) between favorite and underdog.
No action: When an event is cancelled, postponed, or no longer becomes a wager because certain criteria aren't met for it to count as an official game.
Off the board: When betting is temporarily or permanently removed on a specific game, usually because of uncertainty of availability involving key players in that game.
Opening line: The first point spread/moneyline posted by bookmakers on a given game or event.
Over: When a game surpasses the number of expected combined points/runs/goals by both teams.
Parlay: A bet involving two or more wagers, where all wagers must win.
Pick or Pick’Em: A game with no point spread, where you simply must pick a winner.
Point spread: The assigned number that a favored team must surpass in victory, or an underdog team must stay within for a winning wager.
Price: Another term for moneyline.
Prop (proposition) bet: Special, often exotic, wagers usually based on player statistics or an occurrence within a game.
Puck line: A hockey moneyline wager in which the favored team must win by more than 1 1/2 goals and an underdog must stay within that margin.
Push: A bet that neither wins nor loses, usually when a final score lands exactly on the point spread or over/under line.
Round Robin: A parlay or teaser with three or more games, or "legs," where you bet multiple smaller combinations involving your selections instead of lumping them into one must-win-all wager.
Run line: A baseball wager in the favored team must win by more than 1 1/2 runs, or the underdog team can lose by a run and still be the winning side. Moneyline odds are adjusted to create a better payouts for the favored team to account for the run differential.
Sides: The betting selection a player makes, whether it's a favored or underdog team. Example: "I don't bet totals ... I only play sides."
Sportsbook: The brick-and-mortar location for sports betting (i.e., a sportsbook), or the online company or web app a player uses to make a bet.
Straight bet: The most common sports bet, a straight bet is a wager specifically dependent on only one outcome, based on a point spread.
Straight-up: Another way of describing a moneyline wager. When you bet a team "straight-up," you are using the moneyline payout instead of accepting or laying a point spread.
Take the points: A bet placed on an underdog in which you are getting additional points in your wager. If you believe a game will be close and the spread is too large, then you often will "take the points" and back the underdog team.
Teaser: A bet involving multiple teams similar to a parlay, but where you reduce your payout in favor of gaining more points to increase the likelihood of winning each game.
Tie: Also a "push," a tie in sports betting is exactly that: A bet that neither wins nor loses, usually when a final score lands exactly on the point spread or over/under line.
Total: Also called the over/under, the total is a wager based on the number of COMBINED points/runs/goals scored in a game.
Under: When a game fails to reach the number of expected combined points/runs/goals by both teams.
Underdog: Generally, the player or team perceived to have a lesser chance to win a game. The underdog will benefit from a point spread and can still be a winning bet without winning the game, and a moneyline bet on an underdog yields a higher payout.
Vigorish: Also called "the juice," the vigorish or "vig" is the amount the sportsbook charges to take a bet, usually 10 cents on the dollar. The vig is returned on winning bets.
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