Sports Betting Lingo A~C, help you to be a pro on any online gambling site. For those uninitiated, OKbet Online Casino gambling jargon can be confusing. glossary to sports betting terminology makes familiar phrases, meanings, and gambling slang simple for any bettor to learn. Use it as a reference if you come across an unfamiliar word or phrase while placing bets.
Sports Betting Lingo A
| Accumulator | Similar to a parlay wager. A bettor places simultaneous wagers on two or more games or events, pressing the winnings from the first onto the second, third, etc. To win this type of bet, all the individual selections must be won. |
| Across the Board | A horse racing bet where win, place, and show outcomes are wagered with equal stakes. |
| Action | A bet that is valid and will have a result; in casinos, ‘action’ refers to the gameplay at tables, such as blackjack or roulette. |
| Across the board | Three horse racing bets that cover a horse to win, place and show. |
| Added game | Appear on betting boards after main lists are posted. They are common in college football and mainly appear due to public demand. An added game may also be a postponed match, like a rainout in baseball, from the previous day. |
| AET odds | After extra time (AET) odds are posted primarily on soccer matches when extra time is added at the end of regulation time due to in-game stoppages. AET odds are offered as live betting options. |
| Against the Spread (ATS) | Refers to the outcome of an event/game which takes the point spread into account. Alternatively, taking points instead of betting with the spread. |
| Ajax | A UK term that basically means betting tax. Could be considered like the US term ‘vig’ or vigorish. |
| All-In | In sports betting, this is a wager that includes several events, and all must have action and be won. Should a game receive no action or be canceled, the wager is refunded. In poker, this refers to a bet where a player pushes all their chips into play. |
| Also ran | An athlete, horse, or greyhound that doesn’t finish in a paying position during a race. |
| Ante-Post | a bet forecasting the outcome of a future match/event. |
| Arbitrage | More of an advanced wagering strategy where a player bets on both sides of a game or event and has a guaranteed profit due to the difference in odds. This will usually involve placing wagers at different sportsbooks. |
| Asian handicap | Most common in soccer, Asian handicap odds start at 0.25 goals and can go as high as 2.0 goals. These are two-way bets since a draw/tie option is not offered. |
| Australian Open | First of four women’s and men’s Grand Slam tennis tournaments that are played over two weeks in mid-January. |
Sports Betting Lingo B
| Backdoor cover | Occurs when a score helps bettors cover a spread bet but doesn’t affect the game winner. If Baltimore is up 35-21, as a -10 point favorite, Cleveland bettors earn a backdoor cover if the Browns score a late touchdown to make the final score 35-28 in favor of the Ravens. |
| Backed | Another word for a team that has received most of the wagers placed. It could also be considered the favorite. |
| Bad Beat | Players experience a bad beat when a wager is on the verge of winning but then becomes a losing ticket. A bad beat will often occur when points are scored late in a match. Players who bet on game totals, point spreads and money lines will experience a bad beat from time to time. |
| Banker | Refers to the team most expected to win in a series of other wagers which are tied together. As the strongest wager in a parlay or accumulator, this is the key selection that must win to guarantee any return. |
| Bankroll | Money set aside, or deposited into an account, that is used for betting. A player’s bankroll increases with each winning wager and decreases with each losing bet. |
| Bankroll Management | Much like managing a personal bank account, bettors should practice proper bankroll management. Setting wagering limits, shopping for the best odds value, plus only wagering what one can afford to lose, are keys to properly managing a sports betting budget. |
| Bar Price | This could also be considered a ‘field’ bet. It is the odds quoted for the last specified selection. For example, 8-1 Bar means every other team or selection has odds of at least 8-1. |
| Beard | A bet runner who places wagers for professional bettors so they can conceal their identity from bookmakers. |
| Beef | A situation, dispute, or claim involving a player and a bookmaker or other casino employee or dealer. |
| Beginner’s Luck | A newcomer’s winning streak. |
| Belmont Stakes | Third jewel in the Triple Crown of thoroughbred racing. Race day is the first or second Saturday in June (three weeks after the Preakness Stakes) at Belmont Park in Elmont, New York. |
| Bet | Any wager involving money wagered at a sportsbook, casino, racebook or poker room. |
| Bet Limit | The minimum and maximum amount of money a bettor can wager. |
| Betting exchange | A middleman that isn’t a sportsbook or a bettor. An exchange posts bets with two sides and the betting option remains listed until both sides are bet on. Betting exchanges profit by taking a small commission (juice) from winning tickets. |
| Betting strategy | Various plans that bettors use to get a leg-up on bookmakers. Primary betting strategies should include proper bankroll management and performing extensive research prior to placing wagers. |
| Betting Tax | This is a tax levied against a bookmaker’s turnover, normally seen as a duty imposed on every pound wagered. A bettor may either pay the tax with the wager or deduct it from the winnings. |
| Bettor | Someone who places a bet or wager. This is also referred to as a punter. |
| Bookie | Short for a bookmaker. |
| Bookmaker | Person licensed to accept wagers on events. A licensed individual who sets daily betting odds and accepts bets. Also known as a linemaker. |
| Bottle | Meaning odds of 2 to 1. |
| Breeders Cup | Grade I thoroughbred championship horse racing series that runs on the first Friday and Saturday in November. The series is run at a variety of race tracks. Santa Anita Park and Churchill Downs have hosted the most Breeders’ Cup events. |
| Bridge Jumper | For someone who loves placing large show bets upon odds-on favorites in horse racing. |
| Buck | a $100 wager. May also be referred to as a dollar bet, or simply a dollar. |
| Bug | A Joker card. |
| Burlington Bertie | The odds or price of 100 to 30 (10 to 3). |
| Buy points | Bettors can buy points, using alternate point spreads and game totals, to gain a more favorable line. If a spread is set at +2.5 points a player can buy one point to move the line up to + 3.5 points. Juice attached to the odds increases with each point purchased. |
| Buy Price | When placing a wager using a spread or index bet, this is the higher figure quoted. It is the amount paid by the bettor. |
| Buy the Rack | A wager which purchases every possible daily double or other combination ticket. |
Sports Betting Lingo C
| Calder Cup | Awarded to the top-performing rookie player during the NHL regular season. |
| Canadian Line | A combination bet consisting of 26 total wagers with 5 selections in different events, made up of 10 doubles, 10 trebles, five 4-folds and one 5-fold. Also known as a Super Yankee. |
| Cap | When a sportsbook places a limit on the number of rounds of betting. |
| Carpet | For odds of 3 to 1. May also be called Tres or Gimmel. |
| Century | Another term for a 100 wager. A Ton. |
| CFP | College Football Playoffs, which determine the NCAA football National Champion. |
| Chalk | The favorite in a wager.Another term for favorite. |
| Chalk bettor | A player that bets on favorites with the majority of their wagers |
| Chalk Player | Someone who typically wagers on favorites. |
| Chase | When a bettor continually makes more wagers to recover their losses. |
| Circled Game | A game where the maximum action or bet is limited. Matches that have set betting maximums, which are capped at low amounts. Games are usually circled when bookmakers face unknowns such as player injuries, weather or rumors that surface prior to a match. Opening odds and prop options are often circled as well. |
| Closing Line | The final betting odds posted prior to the start of a competition. |
| Co-favorite | Two or more sides with identical odds to win. Common with futures odds, bookmakers may post co-favorites to win the NBA Finals championship. |
| Cold Table | Refers to a table where players making smart bets are on a losing streak. |
| Combine | A series of fitness tests that help scouts from professional teams evaluate amateur athletes. The NFL Scouting Combine is a highly anticipated prelude to the annual NFL draft. |
| Combination Bet | A selection of any number of teams or horses to finish first and second, in either order. |
| Commission | Another term for vigorish and juice, commission is the bookmakers take on any bet. It is also the amount a betting exchange takes from winning wagers. |
| Commissioner’s Trophy | Awarded annually to the MLB World Series champion. |
| Correct score | Bettors are offered a list of possible final scores on a match. In soccer, players can bet on a match ending as low as 0-0 or as high as 5-0 plus all scores in between. The most likely result is the favorite and the least likely result is the underdog. |
| Correlated Parlay | A type of wager in which both bets are highly related, to such an extent that if the first bet wins it greatly increases the chances of the second winning. |
| Cover/Covering the spread | When a team wins by enough points to ensure a wager victory, they are said to have covered the spread. The team may also have simply lost the game by less points than the spread suggest they would. To cover a wager mean the player wins their bet. |
| Credit Betting | Wagering with a bookmaker using credit provided. |
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