Against the spread
The effect of betting and rebetting money
Game where action is limited due to uncertainties about weather, injuries, etc.
Win by more than the pointspread
Practical hold percentage
Action other than a straight bet or parlay.
The amount of money the house actually stands to lose on a game or a race.
The amount of money the house theoretically will risk losing on a game or a race.
Amount owed by or to a bookmaker.
Betting a lot. A player who is "firing" is wagering large sums.
An annoying human parasite who wants something for nothing; a $2 bettor who expects to be comped for his action.
What performance is to be expected according to how a team looks on paper.
Make a bet
Win before expenses
One who studies sports and predicts outcomes.
Total amount of bets taken.
Bet the opposite of your original wager in order to reduce the amount of action you have on a game.
The percentage the house wins.
Half point in pointspreads, as in "lost by the hook."
HOME FIELD ADVANTAGE
Edge the home team is expected to have as a result of familiarity with the playing area, favorable demographics and effect of travel on the visiting team.
Information the bookmaker is not yet privy to.
Bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers; vigorish.
LAY A PRICE
Bet a favorite, lay the points.
A wager made by one bookmaker with another to help balance his action and reduce his risk on one side or one horse.
Maximum bet accepted by the house before the price will be changed.
The betting proposition on a game and/or payoff odds on the bet.
To win both sides of a game. For example, if you bet the underdog +3 1/2 and the favorite
2 1/2 and the favorite wins by 3, you've MIDDLED the book. The book has BEEN MIDDLED.
Arena, court or field where neither side has a home field advantage.
OFF THE BOARD
Game where no bets are being accepted.
Bookmaker, usually refers to an illegal bookmaker.
When the odds on a proposition are in favor of the bettor rather than the house.
A bet with two or more teams where all the teams must win for the bettor to be successful.
To make a bet after an event has started.
PICK or PICK'EM
A game where neither team is favored.
PRACTICAL HOLD PERCENTAGE
The amount won by a bookmaker divided by the total amount booked.
To bet a larger amount than usual.
A series of parlays. A three-team round robin consists of one three-team parlay and three two-team parlays.
One who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices.
To win a lot of money.
A small bettor.
To win one side and tie the other. For example, if you lay -2 1/2 and take 3 on the same game and the favorite wins by 3 you have SIDED the book. The book has been SIDED.
Heavy action on one side.
A bet on just one team.
Bet with a large house edge.
TAKE A PRICE
Bet the underdog, take the points.
Broke, busted, common result of pressing.
THEORETICAL HOLD PERCENTAGE
The edge the bookmaker would have IF the odds guaranteed him a constant commission regardless of the outcome.
A tip or gratuity.
Game where the line is close to pick-em.
A business that sells opinions on sporting events.
The sharpest of the sharp. (Note: There is no such term as "Double Sharp").
When the odds on a proposition are in favor of the house.
Established and successful sports bettor.
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