GAMBLER'S DICTIONARY :
ACTION - Any bet or
wager.
BOOK - A sports book or betting establishment that sets
odds and accepts wagers on the outcome of sporting events.
CHALK -
The favorite.
CIRCLED GAME - A game in which the sports book
reduces its normal betting limit usually because of an injury or weather
condition.
COVER - When the team wins by more than the point
spread.
DIME - $1000
DIME LINE - A money line (no
point spread involved) in which the vigorish or bookie's juice amounts to 10
percent.
DOG - The underdog, or the team getting points.
DOLLAR - $100
FUTURE BET - Bets accepted well in
advance. Examples include betting on which team will win the World Series or
Super Bowl months before the event.
HEDGING - Betting the
opposite team or side of your original bet in order to try to win or to reduce
the size of the original wager.
HOOK - Half point.
LINE - The current odds or point spread on an
event.
LOCK - A term meaning can't lose.
MIDDLE -
When both sides of a point spread proposition win.
MONEY LINE -
Odds expressed in terms of money. For example: 49ers minus $140; Redskins plus
$130. 49ers bettor would lay $140 to win $100, while Redskins bettors would get
$130 for every $100 they bet if the Redskins won.
NICKEL -
$500.00
ODDS-ON-FAVORITE - A horse, team or individual so favored
by the public that the odds are less than even.
OFF-THE-BOARD - A
game in which the sports book is not taking wagers on.
OVERLAY -
An advantageous situation for the bettor in which the price on a given wager is
greater than the real probability of its success.
OVER-AND-UNDER -
A bet in which you wager if the total score by both teams will be more or less
than the total posted by the sports book
PARI-MUTUEL - Betting
pools in which the odds are determined by the proportionate amounts bet on the
individual entries.
PARLAY - A combination wager in which the
person has to wager on at least two or more bets and collects higher odds if
successful.
PICK'EM - The game or contest is rated even with no
favorite.
POINT SPREAD - The predicted scoring differential
between two opponents listed by a sports book.
POST TIME - The
scheduled starting time.
PROPOSITION - (prop) BET - A wager
offered by the sports book on a particular aspect of the game such as how many
touchdown passes Peyton Manning will throw.
PUSH - A tie in the
betting.
ROUND-ROBIN - A method of parlaying two or more teams in
all possible two-team parlay combinations.
SIDE - When one side of
a betting proposition wins and the other side ties.
STRAIGHT-UP
WIN - A victory by a point spread underdog
VIGORISH - The
juice or commission taken out by the sports book for accepting the bet, usually
10 percent.
WAGER - Any bet.
WISE GUY - A
sophisticated bettor.
TEASERS - A tie with one winner or loser on a 2 team teaser
constitutes "no action" and the money will be refunded. On a 3 or more team
teaser, a tie reduces the teaser to the next lowest betting bracket, and the tie
is treated as "no action".
6pt.
TEASER
6 1/2pt.
TEASER
7pt.
TEASER
2
TEAMS
5-6
2 TEAMS
10-13
2 TEAMS
5-7
3 TEAMS
7-5
2
TEAMS 6-5
2 TEAMS
Even
4 TEAMS
5-2
4 TEAMS 2-1
4
TEAMS
9-5
5 TEAMS
9-2
5 TEAMS 4-1
5 TEAMS
7-2
6
TEAMS
7-1
6 TEAMS 6-1
6 TEAMS
5-1
PARLEYS - In parlays, when game results in a betting tie the
parlay is automatically reduced to the next number of games played and is paid
off accordingly.
PARLAY PAY-OFFS
2 Teams
13-5
3
Teams
6-1
4 Teams
10-1
5 Teams
20-1
6
Teams
40-1